loader from loading.io

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

Healthcare Entrepreneur Academy Podcast

Release Date: 04/28/2022

#261: Should You Manage Several Businesses At Once? show art #261: Should You Manage Several Businesses At Once?

Healthcare Entrepreneur Academy Podcast

Should I run multiple businesses? Yes or No.   Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about what NOT to do to become successful in your business. In this episode, Jason fills us in on common pitfalls entrepreneurs, new and old alike, fall into while in search of "success," as well as mindsets to adopt in the journey to "real success."   EPISODE HIGHLIGHTS "Shiny Object Syndrome" is when people get distracted by trendy ideas, losing sight of their own business's growth. This is a common trap entrepreneurs...

info_outline
#260: The 5-Step Productivity Must-Do’s to Get More Out of Your Business (Minus the Burnout!) with Mridu Parikh show art #260: The 5-Step Productivity Must-Do’s to Get More Out of Your Business (Minus the Burnout!) with Mridu Parikh

Healthcare Entrepreneur Academy Podcast

Life is life. It's not just work. Mridu Parikh is a productivity coach, best-selling author of Accomplish It, founder of Life is Organized, and host of the Productivity on Purpose Podcast. In today's episode, Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, sits down with Mridu to exchange a myriad of best practices on how to live a happier life by maintaining a steady work-life balance.   We encourage you to ready your notepads because this episode is filled with timeless, life-changing insights you would want to remember!...

info_outline
#259: The Top 10 Best Episodes of Season 3 and A Special Giveaway! show art #259: The Top 10 Best Episodes of Season 3 and A Special Giveaway!

Healthcare Entrepreneur Academy Podcast

The Healthcare Entrepreneur Academy Podcast is now in its 4th Season! 🎉   To celebrate this milestone, let’s take a trip down memory lane and revisit the Top 10 Episodes from Season 3. We offer this special episode to you, our valuable listeners, for none of this would’ve ever been possible without the love and support you give to this show. To many more seasons full of passion and purpose. Let’s keep the ball rolling!   Episode Links: TOP 10 - TOP 9 - TOP 8 - TOP 7 - TOP 6 - TOP 5 - TOP 4 - TOP 3 - TOP 2 - TOP 1 -   JOIN OUR GIVEAWAY! Get a chance to win a...

info_outline
#258: How to Hire the Best Candidates For Your Business show art #258: How to Hire the Best Candidates For Your Business

Healthcare Entrepreneur Academy Podcast

How do you know if a person is "right for the job?" In this episode, Jason A. Duprat teaches you never-before-heard secrets and best practices on his hiring process. Developed by his amazing Executive Assistant, Jason's screening method pinpoints all the crucial factors to dig into before hiring someone, and we'll even get to hear some of the interview questions he personally uses.   EPISODE HIGHLIGHTS Jason's original screening method was to interview applicants based on character traits and then train them on whatever skills they're lacking later on. It costs a small fortune to train...

info_outline
#257: How to Build Strategic Relationships and Manage Referrals Partners to Grow Your Business with Amelia Roberts show art #257: How to Build Strategic Relationships and Manage Referrals Partners to Grow Your Business with Amelia Roberts

Healthcare Entrepreneur Academy Podcast

Be clear on what problem you can solve, and people will listen. Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, sits down with Amelia Roberts, Visibility Strategist, Relationships Facilitator, as well as the Founder of Solutions by Amelia. When it comes to Entrepreneurship and Marketing, Amelia's passion is second to none. In this episode, she gives us a glimpse of her years of experience in building clients’ businesses, discussing a wide variety of concepts, best practices, and personal anecdotes.   EPISODE HIGHLIGHTS ...

info_outline
#256: Why It's Important to Practice Due Diligence To Protect Your Business From Potential Risks show art #256: Why It's Important to Practice Due Diligence To Protect Your Business From Potential Risks

Healthcare Entrepreneur Academy Podcast

Being unaware of the law does not excuse you from it. In this episode, Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about the importance of due diligence when taking advice. There are those who claim to be "experts" in their field but, ironically, spread misinformation, even illegal advice that could cost professionals their licenses. After listening to a podcast sharing such grave inaccuracies, Jason shares valuable insights on avoiding misinformation and seeking real professional advice.   EPISODE HIGHLIGHTS ...

info_outline
#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....

info_outline
#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...

info_outline
#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
 
More Episodes

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 financial planning practice there and decided to work with practice owners.
  • Pick a niche to help people who are believed to be underserved.
  • Your goals should include having income from multiple sources and building a profitable and transferable business.
  • Keeping your assets protected from taxes, inflation, and lawsuits create the most favorable financial conditions.
  • Being a good owner and executive, on top of being a good practitioner, gets you not only the business profits but also the enterprise value.
  • The golden rule of income is that your business will make exactly what it thinks it needs to make to cover its most vital expenses.
  • Consider income, value appreciation, and tax benefits before borrowing money. How it will be used will either create constructive or destructive debts.
  • Multiple income sources in the business are typically better than focusing on one source alone.
  • Become successful in doing the roles of the owner, executive, and practitioner by improving yourself.
  • State statutes, insurances, umbrella policies, and business entities are tools for asset protection.

 

3 KEY POINTS

  1. Never be reliant on a practice alone – work to create other income sources.
  2. Executive and ownership skills are essential to scaling the business.
  3. Borrow money only if it helps the business expand and unnecessary business debt can drag you down.



TWEETABLE QUOTES 

“You need to learn the skills of the executive and an owner because those are really ready to allow you to expand and be able to scale the business and not have it run you at some point in time.” – Eric Miller

“The biggest expense you have is money that you should have made, but you didn’t.” – Eric Miller

 

RESOURCES

Eric’s website: https://econologicsfinancialadvisors.com/

 

Eric’s Linkedin: https://www.linkedin.com/in/ericisyourbfff/

 

Have a healthcare business question? Want to request a podcast topic? Text me 407-972-0084 and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well. I’m excited to connect with you!

 

Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea

 

Don’t want to miss an episode? Subscribe and follow: https://followthepodcast.com/hea

 

#HealthcareEntrepreneurAcademy #healthcare #HealthcareBoss #entrepreneur #entrepreneurship #podcast #businessgrowth #teamgrowth #digitalbusiness