#164: Tactical Tuesday: Systematizing Multiple Streams of Revenue
Healthcare Entrepreneur Academy Podcast
Release Date: 02/16/2021
Healthcare Entrepreneur Academy Podcast
OVERVIEW: Rest is part of productivity. Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about taking the pressure off of being an entrepreneur. In today’s episode, Jason’s text community asks for advice on how to step away from the pressure of running their business and focus on downtime. If you’re an entrepreneur who feels almost burnt out, working 24/7 non-stop while chasing success, this episode is for you. EPISODE HIGHLIGHTS: Join Jason's text community, and send a message to 386-284-4955. Community...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, answers a question from his text community regarding making big purchases. In this episode, Jason runs us through a step-by-step calculation to determine whether or not an expensive purchase is worth it. EPISODE HIGHLIGHTS: Jason features a question from his text community. The inquirer recently opened a MedSpa and is looking to purchase expensive...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: 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. Ready your notepads because this episode is filled with timeless, life-changing insights you would want to remember. EPISODE...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: “A company can't produce income without assets. So protecting assets is critical to the survival of every company.” – Hendrith Vanlon Smith Jr Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about Asset Protection and decreasing the risk of being involved in a lawsuit. In this episode, Jason shares real-world scenarios faced by successful but unprepared individuals as well as relevant advice to avoid getting caught up in a similar situation. Tune in until the end to find out who won our special...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: “The job isn't to catch up to the status quo; the job is to invent the status quo.” – Seth Godin Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about creating tribes, communities, and movements to help your business thrive. In this episode, Jason shares some of his takeaways from Seth Godin's book entitled “Tribes,” and encourages us to challenge the status quo and become the leaders we were born to be. EPISODE HIGHLIGHTS: Jason has been studying how to create a tribe for #HealthcareBoss...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, sits down with Guy Friedman, CEO and Co-Founder at SteadyMD and HigherNext. In this episode, Guy shares the story of how he built his businesses from the ground up, the rationale behind each process, and how virtual care has contributed to the massive change in our healthcare system. Tune in to learn more about the greatest instrument he's wielded since childhood: his mindset. EPISODE HIGHLIGHTS: Guy grew up questioning things and thinking of new innovative...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about the importance of staying organized and shares what he's learned after years of running a business. He also discusses a great software tool that will help you manage your projects, team, and communications more efficiently. EPISODE HIGHLIGHTS: Making mental to-do lists, using sticky notes, or keeping track of tasks through a calendar is fine, but having a systematized way to handle everything that needs to get done for your business is an absolute...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: Wherever the art of medicine is loved, there is also a love for humanity.” – Hippocrates Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks with Hilary Bricken, Partner and Attorney, and Ethan Minkin, Attorney with Harris Bricken, an international law firm. Hilary and Ethan discuss the legalities of psychedelics and ketamine. They also highlight the value of entrepreneurship for moving psychedelic efficacy and advocacy forward. EPISODE HIGHLIGHTS Ethan started his law career in 1999...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about creating a roadmap to becoming financially free through pseudo-passive income. He weighs in on three methods to do this. He also presents the advantages of owning a business - especially a medical practice - as one of the most effective methods for achieving financial gains using pseudo-passive income. EPISODE HIGHLIGHTS: There’s no such thing as passive income because you always need to do initial legwork and research. Jason...
info_outlineHealthcare Entrepreneur Academy Podcast
OVERVIEW: “Play by the rules, but be ferocious.” – Phil Knight Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, relives the discussion about a widely-requested topic of Medical Directors. Do you need a Medical Director? How do you find a Medical Director? How much should you pay a Medical Director? Tune into this episode as Jason dives deep into each of these questions. EPISODE HIGHLIGHTS A Medical Director’s role would include overviewing everything clinical-related in your practice, such as protocols,...
info_outlineOVERVIEW:
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:
- Creating multiple streams of revenue is a critical step in entrepreneurship. It requires energy, time and money.
- 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.
- 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/
#HealthcareEntrepreneurAcademy #healthcare #entrepreneur #entrepreneurship #revenuestreams #revenuegeneration #passiveincome