『EP367 : From ER Doctor to Entrepreneur: How One Couple Built and Sold a Business』のカバーアート

EP367 : From ER Doctor to Entrepreneur: How One Couple Built and Sold a Business

EP367 : From ER Doctor to Entrepreneur: How One Couple Built and Sold a Business

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概要
 This episode is sponsored by NURPNURP helps busy physicians grow their wealth through AI-powered algorithmic trading designed for demanding careers. No day trading, no guesswork, and no constant market watching required. Ready to put your money to work? Visit start.nurp.com/doctors to learn more. Trading involves risk, and results may vary. This is not financial advice.__________________________________What if physicians could build businesses that give them more control over their time, income, and future?In this episode of Bootstrap MD, Dr. Mike Woo-Ming sits with Dr. Eric Wright and Jenna Wright as they share their entrepreneurial journey, from launching Charleston Payroll in 2014 to selling the business in 2024. They explain how networking, trusted CPA relationships, recurring revenue, and planning for an eventual exit helped them grow the company while Eric continued working in emergency medicine.The couple also discussed building a 1099 Tax Doctor, helping physicians understand self-employment, tax planning, and retirement options. They share lessons on delegating tasks, working together as spouses and business partners, learning from failure, and moving beyond trading time for money. Their advice: start with an idea, take action, and learn as you go.Listeners will learn how physicians can build businesses, plan exits, improve tax awareness, delegate effectively, and create greater financial and personal freedom.Top 3 Actionable Takeaways:Start before you feel completely ready. Eric and Jenna explain that entrepreneurship involves setbacks and uncertainty. Start with a practical idea, take action, and treat each experience as an opportunity to learn and improve.Delegate strategically. Understand the value of your time and identify tasks that someone else can handle. Delegating appropriate responsibilities can create more room for higher-value work, business development, and family life.Plan your business exit early. Even if you do not intend to sell soon, understand what a future buyer might value. Keep your business records organized and consider how client relationships, revenue, and operational systems affect its potential sale.About the Show:Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it’s your guide to building a profitable, fulfilling career.Tune in weekly at http://bootstrapmd.comAbout the Guest:Dr. Eric Wright and Jenna Wright are a husband-and-wife entrepreneur team. Eric is an emergency physician turned entrepreneur, while Jenna is an Emmy-nominated broadcast journalist turned business owner. Together, they built and sold Charleston Payroll in 2024 and now operate 1099 Tax Doctor, helping physicians navigate self-employment, tax planning, and related financial services.Connect With the GuestsWebsite: 1099taxdoctor.comPodcast: 1099 Tax Doctor podcast About the Host:Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He’s built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy.Let’s Connect: www.https://www.bootstrapmd.com Want to start a podcast? Check out the Doctor Podcast Network! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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