Entrepreneur and Business Owner – Interview with Dr. Mike Woo-Ming – 019

Find More Freedom by Creating Your Own Business

In this podcast episode, Mike Woo-Ming, MD, MPH, describes how and why he started his current business. He then takes us back to his successful side hustle while still in residency, and highlights many of the other clinical and non-clinical businesses he developed during his career.

Mike is a family physician, entrepreneur, speaker, author, medical marketing strategist and consultant. He completed his master’s degree in public health at the University of Michigan, received his medical education at Wayne State University, and completed the family medicine residency at the Mayo Clinic.

He started a software company and led the email marketing strategies of several multimillion-dollar online health companies. Mike also produces education for physicians seeking to create their own clinical or nonclinical business.

I’ve come to know Mike through interactions on Facebook and LinkedIn. He provides insights for group members related to non-clinical “side gigs,” internet marketing and entrepreneurship.

begin business

Photo by Daniel Hjalmarsson on Unsplash

As you’ll hear during today’s interview, he began his entrepreneurial ways even before he finished his family medicine residency. He’s always been drawn to owning his own business, and supporting physicians who want to do the same.

Mike’s Story

Most of his insights come as he describes his multiple business ventures. He describes so many interesting twists and turns in his career, that it’s pretty remarkable. And I think we only scratched the surface.

Here’s a list of some of his business ventures and other topics that we discuss:

  1. Making extra money while in residency, teaching undergraduates how to apply to medical school successfully;
  2. Generating income using Google Ads on his blog, and using freelance writers to supply much of the content;
  3. The importance of networking to develop relationships with mentors and potential partners;
  4. His success developing a software company;
  5. How he was able to maintain his license and return to clinical medicine by doing locum tenens work;
  6. Starting his wellness and weight loss clinic, then branching into medical spas;
  7. The failure of medical education to teach basic financial topics or how to negotiate an employment agreement;
  8. His passion for helping burned out physicians find new career options, and how the death of a colleague inspired him;
  9. A new course he developed in which he teaches physicians how to become a writer, author, blogger, and consultant and how to market their business.

You may need to listen to the interview more than once. There are so many different side-gigs mentioned, and so many great observations by Mike, that I didn’t catch all of the pearls until the third time I went through it.

You can listen using the above player. If you prefer, you can listen on iTunes.

Physician Business Ownership

We covered a long career, with a lot of different options to pursue. What struck me is that physicians have so much experience and knowledge that there are many ways to capitalize on it if we need to.

Mike is very optimistic about the future of medicine. But it depends on physicians adapting and taking their place as leaders and business owners.

Free Webinar

Mike has created a free webinar where you can learn how to begin writing, consulting and marketing your services. You can check it out by going to Nonclinical Career Secrets. Once there, you’ll receive further instructions. At the end of the webinar you will be given an opportunity to participate in his course.

Please note that I am an affiliate* for Mike’s program, which means that if you sign up for the course, I receive a small payment for referring you. This affiliate* relationship does not affect the price of course.

I only promote programs or products that I have personally reviewed and believe in. I have gone through the previous version of this course, and found it to offer many practical steps to take, and useful resources that will better enable you to start your own side hustle or full-time nonclinical career.

The webinar itself will provide great information and practical advice, even if you choose not to participate in the course.

In Closing

Let’s end today’s episode with this quote:

physician business owner

 

Next Time

I’ll be presenting another episode of Physician NonClinical Careers next week. Be sure to sign up for my newsletter so you don’t miss it, using the form below.

 

Please, join me next time on Physician Nonclinical Careers.


Here is a list of resources mentioned in this episode:

Show Notes Episode 019

Nonclinical Career Secrets - Free Webinar
Google Adsense
BootstrapMD
Executive Medical -
Physician Wellness Clinic and Medical Spa

If you liked today’s episode please tell your friends about it and SHARE it on Facebook, Twitter and LinkedIn.

Right click here and “Save As” to download this podcast episode to your computer.

[*Affiliate link: I make a small commission when you buy a product through my blog, but this does NOT affect the price that you pay. It will be exactly the same price as if you went to the web site directly to purchase the item. I only recommend products that I have used myself and can attest to their educational or entertainment value, usefulness and/or quality.]

Please note: I reserve the right to delete comments that are offensive or off-topic.