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#164: Tactical Tuesday: Systematizing Multiple Streams of Revenue

Healthcare Boss Academy Podcast

Release Date: 02/16/2021

#358: The Pros & Cons of Having a Business Credit Card show art #358: The Pros & Cons of Having a Business Credit Card

Healthcare Boss Academy Podcast

OVERVIEW: Jason A. Duprat, MBA, CRNA, Healthcare Practitioner, and Host of the Healthcare Boss Academy podcast, presents the pros and cons of having a business credit card. If you choose to have one, he provides tips on how to use the card wisely. EPISODE HIGHLIGHTS: Jason shares an example of someone who funded their startup with a business credit. He changed his mind on the business and presumed he wouldn't be held personally responsible for the debt. He was wrong. Jason explains the differences between a small business credit card and a corporate credit card. A corporate credit...

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Healthcare Boss Academy Podcast

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Healthcare Boss Academy Podcast

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Healthcare Boss Academy Podcast

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Healthcare Boss Academy Podcast

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Healthcare Boss Academy Podcast

OVERVIEW: Jason A. Duprat, MBA, CRNA, Healthcare Practitioner, and Host of the Healthcare Boss Academy podcast, talks about how to become a guest on a podcast show. He also discusses the benefits of being a guest, including building your authority in your area of expertise, growing your audience and developing connections.    EPISODE HIGHLIGHTS: Being on a podcast show is similar to appearing as a guest on a YouTube channel or writing a guest blog post. It allows you to reach new audiences.  Jason has five tips for becoming a guest on a podcast show ability to speak well...

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Healthcare Boss Academy Podcast

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Healthcare Boss Academy Podcast

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Healthcare Boss Academy Podcast

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Healthcare Boss Academy Podcast

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More Episodes

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy podcast talks about how you should approach creating multiple streams of revenue to set yourself up for success as you expand your business. 

 

EPISODE HIGHLIGHTS:

  • When you're creating multiple streams of revenue, there are two important factors to consider - timing and sequencing.
  • If you pursue multiple streams simultaneously, none will work. 
  • Avoid pulling yourself into different directions. Focus on your primary business first before trying other ventures.
  • Think in a step-wise fashion to improve your odds for success.
  • Be sure to have processes, systems and teams in place before expanding into new revenue streams. 
  • Jason references Elon Musk and how he built his companies through momentum and systemization.
  • When adding new streams of revenue, add a passive stream to ensure you're not physically needed so you can concentrate on new ways to expand your business. 
  • Stay focused on creating a profitable and sustainable business. 
  • Be conscious of your energy, time and money. These are your top three personal resources. 
  • The average millionaire has seven streams of income, however, not all of them are active.  

3 KEY POINTS:

  1. Creating multiple streams of revenue is a critical step in entrepreneurship. It requires energy, time and money. 
  2. Focus on your primary business. Build it from the ground up and then invest in different streams of revenue. Find a way to systemize your streams and source passive income.
  3. Always think in a step-wise fashion. Strategize and use your resources wisely. Be in control of your next steps forward.  

TWEETABLE QUOTES:

“Momentum is what will propel you to generating each additional stream of revenue.” - Jason Duprat

“The beauty of entrepreneurship is that everything is in your control.” - Jason Duprat

 

RESOURCES:

HEA Facebook Group for Digital Businesses: 

https://www.facebook.com/groups/HeathcareEntrepreneurAcademy/

 HEA Facebook Group for Bricks & Mortar Businesses: https://www.facebook.com/groups/HealthcareEntrepreneurAcademyBrickandMortar/

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