Medical Entrepreneurs: Mastering the Business of Functional Medicine, with Dr. James Neilson-Watt

<p><strong>Medical Entrepreneurs</strong> should be running their functional medicine practices like a business. Dr. James Neilson-Watt explains common mistakes and how to overcome them with insights about:</p> <ul> <li>What the pandemic looks like for functional medicine practitioners in New Zealand</li> <li>How to run your functional medicine practice as a business</li> <li>The common mistakes <strong>medical entrepreneurs</strong> make and how to overcome them</li> <li>The key to freedom and long-term sustainability as a practice owner</li> <li>Foundations, structures, and systems that Dr. Neilson-Watt put in place so he could extract himself from the day-to-day of his practice</li> <li>How to delegate and automate parts of your practice so you can free up time for revenue-generating activities</li> <li>What to look for in candidates for a patient acquisition/onboarding role</li> <li>How to identify and remedy faults in your sales process</li> </ul> <h2>Run Your Practice Like a Business</h2> <p>Dr. James Neilson-Watt is the author of “The Million Dollar Practice” and host of the “Healthcare Business Secrets” podcast. He originally sat down with us for Episode #39 where we talked about the art of client attraction, conversion, and retention for medical entrepreneurs. If you did not get a chance to listen to our discussion, you can find it here. This week, Dr. Neilson-Watt joins us for another episode of The FM Shift to share tips for mastering the business of functional medicine.</p> <h3>Freedom and Long-term Sustainability for Medical Entrepreneurs</h3> <p>As health professionals, most of us initially thought to ourselves, “I’m going to get out of school, I’m going to help some people, then I’m going to start my own practice.” But there is a huge gap of knowledge between medical entrepreneurs and functional medicine providers that just so happen to have a practice. They don’t teach business in med school, and this leads to a lot of trial by error that detracts from the benefits that drew us to entrepreneurship