#218: Tactical Tuesday: Maximize Time & Income with Group Coaching & Online Learning

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast explains why he no longer provides one-on-one coaching or consulting. He highlights the advantages of transitioning to group coaching and creating online courses to help scale your business.  

EPISODE HIGHLIGHTS:

• In late 2017 and early 2018, Jason offered one-on-one consulting for ketamine therapy to share his knowledge and pay it forward by helping others. 
• One-on-one consulting is a good business model yet it requires a great deal of time and it’s not scalable.  
• Entrepreneurs should create assets, something that puts money into your wallet or bank account consistently.
• Do not trade your time for money - this is the opposite of creating an asset. 
• Group coaching and online learning allow you to maximize your time while building assets because you get paid more per hour and you reach more people. 
• If you’re just getting started in your business, Jason advises launching with one-on-one coaching to develop your craft and share stories. Once you master your craft, you can move to group coaching. 
• If you have a business that’s 100% dependent on you and your ability to produce, you simply own your job. 
• Give yourself credit for the accomplishments you’ve achieved and then help others achieve the same thing. 
• Turn your superpower into a business that can generate $5-10k per month. For Jason, his side hustle in ketamine therapy blew up. He now offers three online courses - the Cash-Based Practice course, the Ketamine Infusion Therapy Program, and the IV Nutrient Therapy Program. The Ketamine and the IV programs generate more than six figures per month.  
• Jason has a new course coming online - the Course Creator Academy. If you’re interested in being notified for enrollment, please reference the first link in the Resource section. 

3 KEY POINTS:

1. You can charge more for one-on-one coaching, however, this model requires a great deal of time. If you continuously trade your time for money, the business you’re building is not a real asset.
2. If you do group coaching and combine this with an online course, you’re paid substantially more for a fraction of your time.
3. A services business is easy (and fun!) to get up and running. Structure it around your area of expertise and help other people achieve what you’ve already accomplished.

TWEETABLE QUOTES: 

“That’s what it boils down to... I didn’t want to continue trading my time for dollars, and I also wanted to create an asset and build a real business.” - Jason Duprat

“Once you start to train your mind to think like a business person... you’ll start to pinpoint all sorts of different areas of inefficiencies in your business... even your personal life...” - Jason Duprat

CONNECT WITH JASON DUPRAT:

LinkedIn | Facebook | Instagram | Youtube | Facebook Group

 

RESOURCES:

• Sign up for one of our free business start-up Masterclasses by heading over to https://healthcareboss.org/masterclass/
• Have a healthcare business question? Text me at 386-284-4955, and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well.
• Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea