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#144: Tactical Tuesday: Focus on your Customers vs the Competition

Healthcare Entrepreneur Academy Podcast

Release Date: 12/08/2020

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Healthcare Entrepreneur Academy Podcast

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Healthcare Entrepreneur Academy Podcast

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Healthcare Entrepreneur Academy Podcast

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Healthcare Entrepreneur Academy Podcast

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Healthcare Entrepreneur Academy Podcast

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#255: Why You Should Stop Living By The Opinions Of Others show art #255: Why You Should Stop Living By The Opinions Of Others

Healthcare Entrepreneur Academy Podcast

A life well spent is a life with no regrets. Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about how life is too short to worry about the opinions of others. Instead, focus your time and energy on building the life you want and doing the things you love. You are the author of your magnificent story. Let no one take the pen away from you.   EPISODE HIGHLIGHTS Others will always have opinions on how you should/shouldn't live your life. Always take feedback with a grain of salt as not everyone lives the life you live....

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#254: The Future of Ketamine-Assisted Therapy and What It Means for Clinic Owners and Their Patients with Christi Myers show art #254: The Future of Ketamine-Assisted Therapy and What It Means for Clinic Owners and Their Patients with Christi Myers

Healthcare Entrepreneur Academy Podcast

Ketamine-assisted therapy is an emerging field that’s gaining traction. Today, the medical community is increasingly accepting Ketamine-assisted therapy as a treatment option for those struggling with mental illness and substance abuse. What does this mean for clinic owners, and their patients? In this episode, Jason A. Duprat sits down with Christi Myers, Professor of Emergency Medicine, Assistant Director of Emergency Medical Services for a community college, as well as the Founder, CEO, and Director of Flow Integrative. Flow is a two-pronged approach to psychedelic wellness practiced in...

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Healthcare Entrepreneur Academy Podcast

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Healthcare Entrepreneur Academy Podcast

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Healthcare Entrepreneur Academy Podcast

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More Episodes

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy podcast discusses the dangers of obsessing over your competition instead of focusing on your own customers and your business.

EPISODE HIGHLIGHTS:

  • Do a market analysis and gather market intel about your competitors in order to refine your business idea. 
  • Don’t obsess over your competition and copy their every move. This can result in stress, anxiety and your business’ demise.
  • Avoid having a copycat mindset and groupthink. 
  • Jason shares an example of how Blockbuster and Hollywood Video entered the movie rental  market but then focused on each other vs their customers, ultimately causing their demise.  
  • He also highlights how Redbox entered the arena by offering movie DVDs via a kiosk. And how Netflix entered the market by mailing DVDs to their customers before eventually switching over to streaming services. 
  • In both cases, Redbox and Netflix found success because they analyzed how they could better serve their customers and remove pain points. 
  • It takes innovation to excel in business. 
  • Always put your customer first.
  • Jason provides updates on his Course Creator Academy, including one student who earned $12,000 for her beta webinar.

 

3 KEY POINTS:

  1. A lot of entrepreneurs tend to overanalyze their competition. Gathering intel to keep up with their pace is fine, but trying to constantly one-up them doesn’t help your business. 
  2. Instead of focusing on your competitors, analyze your market and think of how you can innovate your business. 
  3. Always keep your customers and your business’ survivability in mind.

 

TWEETABLE QUOTES:

“It takes innovation to really excel in your business.” - Jason Duprat

 

“Think about and focus on how you can better serve the customer.” - Jason Duprat

 

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