EP 112: Are You Being Well Paid to be Mediocre? - With Angus Pryor

2024-04-30

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Episode Summary: In this short and snappy episode of Practice Growth HQ, I share my thoughts on healthcare professionals being well-paid to be mediocre. Recently, I interviewed a guest on this podcast who brought up something that really stuck with me—healthcare professionals are typically in the top 1% of earners, yet most don’t have good business skills. But the fact is the market is shifting, and if you don’t start paying attention to building your business acumen, you will likely find yourself struggling to fill the books in a couple of years. So, if you want to know how you can a...

Episode Summary:

In this short and snappy episode of Practice Growth HQ, I share my thoughts on healthcare professionals being well-paid to be mediocre.

Recently, I interviewed a guest on this podcast who brought up something that really stuck with me—healthcare professionals are typically in the top 1% of earners, yet most don’t have good business skills.

But the fact is the market is shifting, and if you don’t start paying attention to building your business acumen, you will likely find yourself struggling to fill the books in a couple of years.

So, if you want to know how you can avoid being mediocre, give this short episode a listen!

What you’ll learn:

(00:30) Are you being well-paid to be mediocre? Why this sentiment shared by a previous guest has really stuck with me!
(01:11) Are you focusing on the wrong skill set? Discover why business skills are equally as important as clinical skills
(02:10) Unpacking the statistics: Why mediocrity is no longer an option in today’s market
(05:09) Discover why you don’t qualify for a business visa in Australia if you’re an overseas healthcare professional
(07:47) The logical consequence of this data - why your clinical skills are going to matter less and less
(09:08) Why I’m considering buying into a practice with atrocious business skills
(10:02) What to do next if you want to avoid being mediocre and you’re ready to stop struggling in your business