Business
Welcome to the Business section of our blog, Business is the Best Medicine,
where we explore the diverse aspects of running a successful medical business. This
section delves into various topics encompassing medical entrepreneurship, aiming to
provide valuable insights and practical advice to help you thrive in business
ownership. Whether you’re a healthcare professional embarking on your
entrepreneurial journey or an established business owner seeking growth strategies,
we have you covered. Through practical advice, inspiring stories, and expert
interviews, we aim to empower you as a medical business owner, helping you navigate
the challenges and capitalize on the opportunities that come your way. We believe
that Business is the Best Medicine.
My Laundromat Got Sued
A few weeks ago, we got served a lawsuit at the laundromat. Sounds terrifying, huh? It was, for...
When Opportunity Starts Feeling Heavy
Every time I finish writing a series, I feel a little lost about where to pick back up and start...
The Unexpected Weight of Decisions
Medical professionals make hundreds of decisions each day, from the...
No Retirement at 60+: Is It Too Late?
What if you wake up one day in your late 60s and realize you’re not ready to retire? Not because...
Favorite Podcasts of March 2026
March was full of travel and a ramped-up running schedule. I’m in the final few weeks of...
1 year of owning a laundromat
Here is an (almost) one-year update on the laundromat business. For a quick recap, I bought a...
Favorite Podcasts of February 2026
Life has been so full lately, in a good way. Between half-marathon training and long road trips...
Even Medical Professionals Should Work In Their Side Hustles
For anyone who has read Michael Gerber's seminal business book, The...
Article 2: Cash Flow
Welcome back to this series. I’m writing about cash flow and net worth. Article 1 was two weeks...
My Favorite Blog Posts January 2026
Now that my updated list of physician FI bloggers is complete, I will start highlighting my...
Goal Setting, 2026 Style
“The time has come for everyone to clean up their own backyard, before they go knocking on their...
My Favorite Posts By Other People October 2025
Now that my updated list of physician FI bloggers is complete, I will start highlighting my...
How To Calculate Investment Returns
How are your investments doing? Most investors have a vague notion...
Don’t let AI make you dumb
Lately, I've been triggered by people "misusing" AI. I'll be scrolling social media and see a post...
6 Month Update on the Laundromat
Remember a few months ago when I said I signed my life away for the next five years? If you didn’t...
I Quit My Job: Why I’m Not Starting a Medical Business and Why You Shouldn’t Either
I recently quit my full-time job, and during this transition, many friends, colleagues,...
My Favorite Blog Posts August 2025
Now that my updated list of physician FI bloggers is complete, I will start highlighting my...
How to Build Business Credit & Leverage Credit for Financial Growth
Hopefully, you’ve read Part 1 and Part 2 of this series on credit. If you’ve made it this far, you...
How to Start with Bad or No Credit
Welcome to part 2 in my credit series. In part 1, I broke down what credit actually is and how it...
What is Credit and How Do You Get Some Part 1
As I've gotten older and advanced in my professional career, I've realized something surprising: a...
Mid-Year Goal Update, aka How Lazy Have I Been?
I'm currently at our Hawaiian vacation home, where I am spending...
Los Angeles Lakers Sell for Record $10B: Beyond the Headlines
As a lifelong fan of the NBA’s Los Angeles Lakers, I watched with...
Do I Make More Money as a PA or a Laundromat Owner?
Two months ago, my husband and I bought a laundromat with no official employees. Despite...
The Goal is to Get Rich
I haven't been wholesaling as consistently in 2025 as in the last few years. The first few weeks...
What Medicine Has Taught Me About Business
I'm about to start my seventh year in medicine. I'm not exactly sure when I started to feel...
Pros and Cons of Cash-Based Businesses
If you have been following along, you know that I recently bought a laundromat. I am only a month...
Your Financial Advisor is Not Your Friend: My Experience With “Professional Money Management”
What are the four most expensive words in the English...
My First Business Acquisition: Signed Away My Next 5 Years
Two weeks ago, I officially completed my first business acquisition: a run-down, cash-flowing...
Would You Buy This Business for $7K? I Might.
A few weeks ago, I got a call from a friend in the real estate world with...
The Real Cost of Hiring and Training a New Provider in Urgent Care
It’s March, and in the urgent care business, flu season is winding down. Like clockwork, the first...
My Goals for 2025
Another one bites the dust. I feel so old saying this every...
Capital Gains Harvesting: A Useful Tool for APPs?
As you may have heard or (hopefully) noticed in your investment accounts, the U.S. stock market...
5 Micro-Habits to Improve Your Financial Health in 2025
As November fades into December, the realization hits: another year is almost behind us. Time...
A Very FI Thanksgiving
For roughly ten years, I’ve overseen the schedule for our ER group. While we have someone to...
Why Financial Independence Matters to Me
I often feel like a black sheep when I hang out with people my own age. I have few interests in...
Top 5 Personal Finance Books
I have already released my top 10 business book recommendations and could have easily added...
One Year of Business is the Best Medicine
In September 2024, Business is the Best Medicine became one year...
New Podcast Appearance
Shortly after my article, "How This Financially Literate Doctors Got Scammed Out of $75,000," was...
The World Benefits from FI
My wife and I have a strange hobby. We like to pick up trash at the beach. Let me clarify....
Can Financial Independence Make Death Easier for Your Family?
During an ER shift a few weeks ago, EMS called in a "full arrest." No big deal, it happens...
Outwitting the Devil
Sharon Lechter, an author, entrepreneur, and financial literacy advocate who is the co-author of...
Lesson Six: How Much Do You Need For Retirement?
Welcome to Business is the Best Medicine’s Personal Finance Basics for Medical...
Lesson Five: The Financial Vitals Checklist, Steps # 7-10
Welcome to Personal Finance for Medical Professionals, Part I. In this series, we follow a...
Four Burner Theory
I read The Family First Entrepreneur by Steve Chou earlier this year after hearing him speak at a...
Responding to the White Coat Investor Backlash
When I finished writing my article, “How PAs and NPs Can Make Doctor Money,” for the White Coat...
Top 10 Podcast Recommendations for Business and Real Estate
Being a mom of three, a business owner, and a full-time urgent care provider with two other...
Medical Business Basics: Commercial Leases Part Three
Welcome to the third and final installment of Medical Business Basics: Commercial Leases 3. ...
Medical Business Basics: Commercial Leases Part Two
Welcome to part two of our exploration of commercial leases. If you haven't already read part 1,...
Medical Business Basics: Commercial Leases
For medical professionals starting their own practice, one of the...
Happy 4th 🎆
Happy Fourth of July! No post today, but we hope all of you have a happy and safe holiday! Dr....
Book Review: The 21 Irrefutable Laws of Leadership
My employer invited me to a leadership conference in April where John Maxwell was the keynote...
Multifaceted Career: PA in Medicine, Entrepreneurship, and Motherhood
If you have read anything I have written, you know that wearing multiple hats has become my norm,...
Why FI Rocks – The Magnetic Fields
Addendum (October 2024):I'm thrilled to share that I recently attended The Magnetic Fields'...
Guest Post: The White Coat Investor
Dr. Jim Dahle, the White Coat Investor, and I share a remarkable number of similarities. ...
The Other Billionaire Buffett – Business Tales from Margaritaville
I've done a bit of smugglin', and I've run my share of grass I made enough money to buy Miami, but...
The Burnout Comedy
Have you ever wondered why Dante Alighieri’s epic three-part poem is called the Divine Comedy...
It’s easier not to so why do we?
Living in a world of instant gratification and social media influencers, I feel almost obligated...
Book Review: Shoe Dog by Phil Knight
I just finished reading “Shoe Dog: A Memoir by the Creator of NIKE” by Phil Knight. This...
Vacation Home Taxes
In the third and final installment of this series, I will discuss how taxes affect your...
Medical Entrepreneur Interview Series – Derek M. Guirand, MD
Business is the Best Medicine’s Medical Entrepreneur Interview Series is designed to highlight our...
10 Questions with Dr. Neill Slater on 1500 Days to Freedom
I recently completed the 10 Questions segment on 1500 Days to Freedom. Check it out here: 10...
15 Money Mistakes That Have Cost Me Millions
We all make mistakes. Unfortunately, mine have cost me millions of dollars. I’ve made...
Discussing the Power AI provides in a Real Estate Business
Depending on your generation, the idea of artificial intelligence could have a different framework...
New Guest Post: The Myth of the Tax Write-Off
Million-Dollar COVID Drive-Through: How We Turned a Crisis into Cash
In March 2020, we had just completed a busy winter season in our four urgent care locations. Our...
Top 5 Lies about Entrepreneurship from Social Media
In the vast world of social media, it seems everyone is becoming entrepreneurs and sharing their...
An ER Doctor’s Response to the Financial Samurai’s ER Saga
Healthcare professionals often live in an echo chamber of...
Top 10 Real Estate Book Recommendations for Beginners
It should come as no surprise to anyone who knows me (or reads this blog) that I love real estate....
Don’t Be Bitter, Be Better
Don’t be bitter, be better. A friend of mine told me this many...
Book Review of The Family First Entrepreneur by Steve Chou
A few months ago, I shared my experience attending my first financial conference, FINCON, where I...
The Financial Realities of My First Rental Real Estate Property
I told the story of my first real estate transaction...
My Goals for 2024
After reflecting on 2023 for our Highlights of 2023 article, the natural progression led me to...
My Goals of 2024
I try very hard not to lie to myself. For instance, I never tell anyone I...
Top Highlights from 2023 Part 2
As another year winds down and we gear up for the next one, I can't help but feel the weight of...
Top Highlights from 2023
We are all torn between retrospect and anticipation at year's end. We want to remember what...
Momtrepreneur: Finding Balance in the Chaos as a Working Mom
Jumping into motherhood in 2019 turned my world upside down in the best way possible. Now, I'm...
‘Tis The Season: Holiday Scheduling in the Urgent Care
'Tis the season for twinkling Christmas lights, warm hot cocoa, and endless Hallmark Christmas...
10 Non-Fiction Business Books I Want to Read in 2024
As we near the end of 2023, I have begun thinking about my goals for the new year – personal...
Exploring Lucrative Side Hustles for Physician Assistants
I was in my third year of practice when the job finally felt mundane. Don’t take that the wrong...
FINCON For Beginners: Tips for Navigating Your First Conference
Have you ever embarked on a new journey only to discover the existence of a previously unknown...
Invest in Real Estate: How I Started and Where I’m Headed
As a medical professional, my initial years were dedicated to honing my medical skills and...
The Corporate Practice of Medicine Takeover
Healthcare is supposed to be different than other sectors of the...
CME Conference: A Step-by-Step Guide to Organizing an Urgent Care Event
Education is a lifelong commitment, particularly when we embark on a career in healthcare. It...
My Top 10 Business Book Recommendations For New Business Owners
I have read dozens of business books, some good, others not so...
The Legend of Doc J
Disclaimer: This story is not the truth. The events really happened, but...
Contract Management Groups: Get to Know Your Private Equity Owned Overlord
Contract Management Groups (CMGs) have been in the news lately, with Envision Healthcare and...
10 Financial Pitfalls to Avoid as New APP
Pitfalls often catch us off guard when we're unprepared to avoid them. My goal with this article...
An Emergency Physician’s Guide to Working for the Devil
I graduated from my ER residency in 2006. During the 3-year...
Understanding the Flow of Money if You Have a Legal Entity as a Physician
If you are a physician working as an independent contractor and have...
Quick Tips For Success As A New Graduate APP
Half a decade ago, I was in the same seat that you currently find yourself - newly minted,...