loader from loading.io

#189: Michelle Seiler Tucker: Build People & They’ll Build the Business

Healthcare Entrepreneur Academy Podcast

Release Date: 05/13/2021

#253: Why It's Important To Document Every Huge Move You Make In Business And Turn Them Into Lessons show art #253: Why It's Important To Document Every Huge Move You Make In Business And Turn Them Into Lessons

Healthcare Entrepreneur Academy Podcast

Being an entrepreneur is all about adapting. There are no rules, and the right decision for you might not be right for someone else. Every business is different. You need to adapt each lesson to your own situation. In this episode, Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about how best practices for others might not necessarily work the same for you. Here, you'll hear his personal story on how blindly following by-the-book strategies can backfire greatly. As entrepreneurs, knowledge can only progress when paired...

info_outline
#252: How to Leverage Your Business to Serve Others show art #252: How to Leverage Your Business to Serve Others

Healthcare Entrepreneur Academy Podcast

What is your true purpose in life? In this episode, Jason Duprat talks about leveraging your business to serve others. It’s human nature to focus too much on our daily grind and on ourselves, but how often do we pause to reflect on our purpose; on giving back to the world? Jason shares personal stories on how being a healthcare entrepreneur gave him the means to do just that, especially in helping his family during difficult times.     EPISODE HIGHLIGHTS In continually growing your income, you'll eventually realize that money doesn't buy you true happiness. Money is not the root...

info_outline
#251: Adding Value to Sell, Market, & Distribute Innovative Healthcare Solutions with Bruce Lieberthal show art #251: Adding Value to Sell, Market, & Distribute Innovative Healthcare Solutions with Bruce Lieberthal

Healthcare Entrepreneur Academy Podcast

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, discuss cutting-edge medical solutions and technologies with Bruce Lieberthal, a former practicing dentist who is now a chief innovations officer at Henry Schein, Inc. Bruce explains how he evaluates innovative solutions, advise medical and dental business units on emerging trends, and connect the company’s sales, marketing, and distribution capabilities with new products for better practices and deliver excellent patient care.   EPISODE HIGHLIGHTS Bruce was a practicing...

info_outline
#250: Tactical Tuesday: How Your Pain Becomes Your Progress show art #250: Tactical Tuesday: How Your Pain Becomes Your Progress

Healthcare Entrepreneur Academy Podcast

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, discusses how pain is part of the process on the road toward progress. In new businesses, there will always be mistakes along the way, and these are either going to cost time or money. However, Jason points out that these challenges must be faced despite how frustrating they are because they will make you stronger as a business owner. EPISODE HIGHLIGHTS Pain is always present in business, taking the form of mistakes and challenges. People are innately wired to avoid...

info_outline
#249: Tactical Tuesday: Why Not Using A CRM Is Slowing Your Business's Growth show art #249: Tactical Tuesday: Why Not Using A CRM Is Slowing Your Business's Growth

Healthcare Entrepreneur Academy Podcast

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about one of the common problems why business owners are doing less than they should be by not implementing a customer relationship management software. A systematized process to follow up on leads is an essential tool every business owner needs because every lead is a prospective customer. Jason explores how a CRM is beneficial in the long run, so business owners do not leave a substantial amount of revenue on the table by not properly following up with leads. ...

info_outline
#248: Eric Miller: Build Business Profits, Enterprise Value & Assets as a Practice Owner show art #248: Eric Miller: Build Business Profits, Enterprise Value & Assets as a Practice Owner

Healthcare Entrepreneur Academy Podcast

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, discusses businesses of private practice owners with Eric Miller, co-founder and chief financial advisor at Econologics Financial Advisors, a full-service investment advisor firm and insurance agency. Eric explains how private practice owners get abundant income streams through profitable, sustainable, and transferable businesses.    EPISODE HIGHLIGHTS Eric grew up in a blue-collar family in Ohio. Having transferred to Clearwater, Florida, he started his...

info_outline
#247: Tactical Tuesday: The One Thing  That Can Prevent You From Getting Screwed When Someone Quits show art #247: Tactical Tuesday: The One Thing That Can Prevent You From Getting Screwed When Someone Quits

Healthcare Entrepreneur Academy Podcast

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about the importance of standard operating procedures and documentation within a business. Recently, one of the long-time contractors from his marketing department left the company in a very unprofessional way by resigning on the spot. Jason provides insight into what preparations can be done to prevent your business from struggling if situations similar to this happen to you.  EPISODE HIGHLIGHTS One contractor quits from Jason’s marketing team, exposing...

info_outline
#Bonus: Champions of Charity: Kimberly Juroviesky: Ensuring Safe Ketamine Access for Pain & Mental Health Patients show art #Bonus: Champions of Charity: Kimberly Juroviesky: Ensuring Safe Ketamine Access for Pain & Mental Health Patients

Healthcare Entrepreneur Academy Podcast

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, is joined by Kimberly Juroviesky, a retired nurse practitioner, USAF veteran, and president of Ketamine Taskforce, Inc. Kimberly developed Complex Regional Pain Syndrome due to an injury while on active duty, which led her to get ketamine infusions as part of a research study. She shares how ketamine therapy helps reduce her pain to what she describes as “liveable levels” and shares insight into her advocacy efforts to provide more patients access to ketamine therapy....

info_outline
#246: Tactical Tuesday: Stop Accepting Average If You Want Above Average Results show art #246: Tactical Tuesday: Stop Accepting Average If You Want Above Average Results

Healthcare Entrepreneur Academy Podcast

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about the need to stop giving average effort when expectations call for above-average results. Effort is a two-way street: what you give is what you get. Jason has encountered several people whose expectations are far beyond what they do, which only falls into disappointment. He explains why a change in mindset and a performance upgrade can help you reach that above-average result. EPISODE HIGHLIGHTS Do everything to the best of your ability. Average businesses go...

info_outline
#245: Jeremiah Robison: The Duality of Being an Entrepreneur & A Parent Seeking Solutions show art #245: Jeremiah Robison: The Duality of Being an Entrepreneur & A Parent Seeking Solutions

Healthcare Entrepreneur Academy Podcast

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, discuss clothing for movement with Jeremiah Robison, CEO of Cionic, an innovative company building lightweight and durable bionic clothing driven by powerful algorithms that adapt in real-time to each individual’s mobility needs. Jeremiah tells how his mission to provide a wearable solution to augment function and improve outcomes for individuals impacted with neurological movement disorders, especially his daughter with cerebral palsy, has led him to establish the...

info_outline
 
More Episodes

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner and host of the Healthcare Entrepreneur Academy podcast talks with Michelle Seiler Tucker, founder and CEO of Seiler Tucker Inc. Michelle is a 20-year veteran in the M&A industry, an international keynote speaker, and the bestselling author of the book Sell Your Business For More Than What It’s Worth. She shares what she’s learned from franchise sales and from buying, selling, fixing and growing companies. She also introduces her upcoming book, Exit Rich.

 

EPISODE HIGHLIGHTS:

  • Michelle always knew she was a writer, entrepreneur and a people person. 
  • She went to medical school but quickly realized it wasn’t for her. She became a closer while working for Xerox, learned about franchise sales, and then left the corporate world to start her own M&A firm.
  • Sales is about listening to the client and asking the right questions. Find out what they need. Clients should do 70% of the talking and the salesperson should do 30%.
  • Buy an existing franchise because it’s cheaper than buying a new one. When you buy a new one, you’ll pay a franchise fee and build-out costs, along with utilities, equipment and furniture, which can run 3-5 million. 
  • Franchises allow you to own a business without going it alone. This isn’t necessarily a good fit for entrepreneurs who like to make their own rules. 
  • The biggest mistake business owners make is not thinking about having the end in mind and their exit strategy. 
  • There are five types of buyers: first-time, turnaround specialists, private equity groups, strategists and competitors, and sophisticated entrepreneurs.
  • The number one reason why companies go out of business? Because they neglected to focus on AIM - always innovate and market. 
  • Processes (or systems) need to be designed with the customer experience in mind. They should be efficient, productive, well documented and create WOW experiences. 
  • Build your brand and build your exit so you can exit rich. 
  • It’s not just about selling - it’s about building a business that is scalable and sustainable. 
  • You don’t know what you don’t know so align yourself with a mentor.
  • Order Michelle’s new book, Exit Rich to get free bonus gifts! See link in the Resource section. 

 

3 KEY POINTS:

  1. Franchising is great for people who want to own their own business but don’t want to be in business by themselves. It’s not so great for entrepreneurs because they prefer to be their own boss.
  2. The GPS exit model: determine your destination, know your valuation, establish a timeline and know the buyers. 
  3. The 6P’s to build, grow and sell a business: people, product, process, proprietary,  patrons and profit.

 

TWEETABLE QUOTES:

“Plan your beginning with the end in mind.” - Michelle Seiler Tucker

“You build people and then people build the business.” - Michelle Seiler Tucker

 

RESOURCES:

Exit Rich book: https://exitrichbook.com/

Seiler Tucker website: https://seilertucker.com/

#HealthcareEntrepreneurAcademy #healthcare #entrepreneur #entrepreneurship #podcast #salescloser #franchisesales #salesstrategy #exitstrategy #sellyourbusiness