EP329: Testing Your Offer Before You Build Anything - a 30 Day Plan
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What if you could validate your side business idea and earn your first $10,000 before building a website or content empire?
In this practical solo episode, host Dr. Mike Woo-Ming draws from his entrepreneurial experience to guide physicians away from common pitfalls like overcomplicating launches with unnecessary infrastructure. He explains the "credentialing mindset" that holds doctors back and advocates for a minimum viable test: Define a specific audience and transformation, run a free webinar with a framework and offer, and promote it via your existing network. Real examples, including his own $32,000 validation for Bootstrap MD, illustrate how to iterate based on results. Whether you're eyeing telemedicine, coaching, or consulting, discover how to get paid customers in 30 days without burnout or perfectionism.
If you're a physician entrepreneur ready to test ideas leanly, this episode provides a clear 30-day plan for validation, pivoting, and scaling with confidence.
Three Actionable Takeaways:
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Define your MVP offer: Identify a specific target audience,for example, hospitalists launching telemedicine, promise a measurable transformation (e.g., see your first 5 patients in 90 days), and set a price, focus on implementation support like coaching or cohorts.
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Run a test webinar: Create a simple landing page, outline 30-45 minutes of framework content (what/why, not how), promote to 50 network contacts via personal messages and LinkedIn, and make your offer in the last 10-15 minutes.
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Analyze and iterate: Track attendance, questions, and conversions; if buyers emerge, deliver and refine; if not, interview attendees for feedback, adjust variables (audience, promise, price), and retest in 1-2 weeks to validate before building infrastructure.
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.com
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!