Dean’s Chat hosts, Drs. Jeffrey Jensen and Johanna Richey welcome Dr. Peter Wishnie! He is a physician coach making tremendous inpact on the lives and practices of his colleagues!
Dr. Wishnie states, “I was 29 years old and just finished my residency program in podiatry. I was very close to moving to Rhode Island from New York to work for another doctor. At the very last moment I changed my mind and said, “I want to be my own boss.” A few months later I purchased a practice in New Jersey.
I had no clue how to run a business. I just knew this is what I wanted. To be my own boss and make my practice truly mine. Between student loans, the purchase price of the practice, and using up a credit line, I was in a $300,000 hole before I even saw my first patient.
I thought I was buying a practice that had a good steady patient flow. However, right before closing, the previous owner started discharging the patients. The practice was not as viable as I thought. I was losing about $7500 a month for three months in a row. I ate through the credit line loan.
I knew this could not continue like this and something had to change.
Coaching & Perseverance…I started reading book after book, hired a business coach, and did whatever I needed to do to make this work. Failure was not an option. We put in systems and workflows, learned the key KPIs to measure and how to analyze them, and how to hire the right team to make this work.
After one year, I netted more money than the previous owner did in any one of his 17 years of working.
I have been in business for over 33 years, and I have made multiple 7 figures for 30 consecutive years landing me in the top 1% in my field. During these years I have learned key secrets that have helped me work a lot less and while growing the business year after year.
In 2022, I sold the business for $2 million more than I paid for it.
The reason I sold it was mainly because my passion is now to help other businesses learn to have the life they so deserve and desire. We became business owners or leaders not to be slaves to your jobs but to have the freedom to enjoy our family, hobbies, and friends. I want to help you live your best life.”
Enjoy this interview with a tremendous leader in our profession!
www.peterwishnie.com
https://bakodx.com/
www.explorepodmed.org
https://podiatrist2be.com/
https://higherlearninghub.com/