Business Math for Physician Entrepreneurs: Mastering Different Business Models

The EntreMD Podcast

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Business is an economic sport.

While this may seem obvious to many entrepreneurs, for physician entrepreneurs, it’s a bit more complicated because we’re helpers at heart. We’re not trained to look at numbers or make data-driven decisions. We just make decisions based on the kind of help we want to offer.

Sadly, this is exactly why so many physician entrepreneurs struggle to keep afloat.

But don’t worry, I got you. In today’s episode of EntreMD, I explain the basics of business math for physician entrepreneurs. We’ll explore high-ticket vs. low-ticket business models and finally resolve the ever-present money drama around pricing.

Tune in!

Key Takeaways:

• 00:00 Intro
• 02:21 Pricing and volume in different business models
• 08:54 Money drama around raising prices
• 17:18 Articulating value to clients
• 17:50 High ticket vs. low ticket model
• 22:03 Marketing for volume
• 25:47 Recap and outro

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• EntreMD Business School Scale - This is our high-level mastermind for physicians who have crossed the seven figure milestone and want to build their businesses to be well oiled machines that can run without them.

To get on a call with my team to determine your next best step, go here ...

Chapters

1. Understanding Million Dollar Math (00:00:00)

2. Money Drama in High Ticket Sales (00:11:43)

3. Marketing Strategies for Business Success (00:23:46)

4. Empowerment for Physician Entrepreneurs (00:27:44)