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Hello there,
My name is Amogh. I just finished reading the fast lane millionaire and it made me wonder why I didnt get this information any sooner. Time is the most precious commodity, and I have wasted almost half of my life. Anyway, enough with the rant.
I am a 38 year old Physical medicine and rehab specialist who is certified by the American Board of PM&R. It took me a lot of years to get the training and master the craft, but I dont feel happy in my line of duty. Clinical medicine is every day becoming more challenging with the implementation of EHR, the declining Medicare/insurance reimbursement and other things.
The thing this book made me realize is that I dont own a real business because it doesnt follow the 5 commandments. There is a need for the service and high entry level to offer this service. However, I am not in control of the business, but instead a pawn of the big insurance companies who are making money out of me. In addition, I can't scale the business. Furthermore, if I dont go to work I cant generate income. It is even worse than being part of a Franchise company, because I havent agreed with some of the decisions that insurance companies are making in my practice territory. They are always looking for creative ways to save more money and pay the provider less.
Anyway, I am now going to try and leverage my knowledge base to offer some unique value/selling proposition. I am a little more inclined to considering a product based business. But, my main problem is not having a lot of free time. My clinical job steals a lot of my free time. But, I am being more proactive about educating myself in the little free time. I will be doing a 1 week long entrepreneur bootcamp in Babson so that I can accelerate things.
As with any book, there are probably things that I dont agree with 100%. If you look at the statistics, the average age of a successful start up founder is in the 40's. So from a % of probability it makes it a little more challenging for a person in their 20 or 30's to hit it big. That is why real world life experience is important before you decide to go solo. There are also some statistics that show greater likelihood of being succesful in a new business if you still have a job vs quitting your job to start a busines. Statistics can sometime be deceiving, but it is important to look at the numbers when talking about this.
My name is Amogh. I just finished reading the fast lane millionaire and it made me wonder why I didnt get this information any sooner. Time is the most precious commodity, and I have wasted almost half of my life. Anyway, enough with the rant.
I am a 38 year old Physical medicine and rehab specialist who is certified by the American Board of PM&R. It took me a lot of years to get the training and master the craft, but I dont feel happy in my line of duty. Clinical medicine is every day becoming more challenging with the implementation of EHR, the declining Medicare/insurance reimbursement and other things.
The thing this book made me realize is that I dont own a real business because it doesnt follow the 5 commandments. There is a need for the service and high entry level to offer this service. However, I am not in control of the business, but instead a pawn of the big insurance companies who are making money out of me. In addition, I can't scale the business. Furthermore, if I dont go to work I cant generate income. It is even worse than being part of a Franchise company, because I havent agreed with some of the decisions that insurance companies are making in my practice territory. They are always looking for creative ways to save more money and pay the provider less.
Anyway, I am now going to try and leverage my knowledge base to offer some unique value/selling proposition. I am a little more inclined to considering a product based business. But, my main problem is not having a lot of free time. My clinical job steals a lot of my free time. But, I am being more proactive about educating myself in the little free time. I will be doing a 1 week long entrepreneur bootcamp in Babson so that I can accelerate things.
As with any book, there are probably things that I dont agree with 100%. If you look at the statistics, the average age of a successful start up founder is in the 40's. So from a % of probability it makes it a little more challenging for a person in their 20 or 30's to hit it big. That is why real world life experience is important before you decide to go solo. There are also some statistics that show greater likelihood of being succesful in a new business if you still have a job vs quitting your job to start a busines. Statistics can sometime be deceiving, but it is important to look at the numbers when talking about this.
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