How to Make Your Practice Sellable With Dr. Mike Woo-Ming

The Limitless MD

Even though your earning potential is substantial as a medical professional, it comes with limitations. There are only so many patients you can care for and so many hours a day.

However, there's a transformative path that allows you to leverage your expertise, build a thriving business, implement efficient processes, and eventually sell it for a substantial profit, enabling you to lead a life of ease.

But how do you navigate this journey? What are the key strategies to create a successful practice? How do you master the art of selling it for maximum returns?

Today's episode holds the key to these questions.

Dr. Mike Woo-Ming, a pioneer in the freedompreneur movement, has the answers. He ventured beyond traditional medicine, creating a life many only dream of. Through Bootstrap MD, he has become a guiding light for others on a similar journey.

These are some of the topics we cover in our conversation:

• Why you need to befriend people who achieved what you want to achieve
• How to make your practice sellable to private equity
• Finding the right buyer for your practice
• Potential exits for doctors who have multiple clinics

Join us as he shares his wisdom, experiences, and invaluable insights, offering you a roadmap to financial independence and a life of abundance.

“Find people who are old, wealthy, and happy. And do the same things they’re doing. It’s so simple, but it makes sense.” - Dr. Mike Woo-Ming

In This Episode:

- How to get the courage to venture outside of medicine

- Finding what drives you to move forward

- How to make your practice sellable to private equity

- Finding the right buyer for your practice

- Potential exits for doctors who have multiple clinics

Resources:

- ​​Join our Free community of high-performing physicians: the Physician Wealth Accelerator https://limitless-md.mn.co/

- https://vikramraya.com/programs/

- Sign up to my email list - https://vikramraya.com/

- Group Coaching Now Open. Click here to book a call: https://www.freedom5doc.com/home58481126

Resources mentioned:

- Book “Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth!” by Robert G. Allen - https://www.amazon.com/Multiple-Streams-Income-Generate-Unlimited/dp/0471714550/

- Book “Multiple Streams of Internet Income: How Ordinary People Make Extraordinary Money Online” by Robert G. Allen - https://www.amazon.com/Multiple-Streams-Internet-Income-Extraordinary/dp/0471783277/

- Book “10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less” by Dan Sullivan and Dr. Benjamin Hardy - https://www.amazon.com/10x-Easier-Than-World-Class-Entrepreneurs/dp/140196995X/

Connect with Dr. Mike Woo-Ming:

- Freedom 5 Doc - https://www.freedom5doc.com/

- BootstrapMD - https://bootstrapmd.com/

Connect with Vikram:

- Website: https://vikramraya.com

- Instagram: https://www.instagram.com/vikramraya/

- Facebook: https://www.facebook.com/Vikramrayamd

- LinkedIn: http://www.linkwithvik.com

- YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQ

Special Thank You to Music Provided by Music Library https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free