Dr. TJ Ahn: Why Diversification Is Key To Your Success


So Nice Guy Community get this Dr. TJ on. He is a first generation. Korean immigrant who came to America along when he was only nineteen without any connections or the ability to speak English at all. Imagine some of the adversity that we've all had to overcome now. Imagine the adversity times. Twelve not being able to speak the AD. The English language determined to live the American dream doctor on spent the next thirty years honing his medical and business skills. Doctor is a pure bred entrepreneur. And we're going to get a little bit deeper dive into that. Today is involved. In other sectors including Real Estate Investing Business Coaching Private Practice Consulting and Marketing. All with one vision in mind to help physicians build profitable private practices without the hassle of insurance networks. Now listen if you're in our community and your private practice physician definitely listen very carefully to what TJ is GonNa Talk About Today. If you're not a private practice physician we're GonNa talk to you about the diversification aspect of actually building your business through all of these different modalities so TJ doctor on. Welcome to the Nice guys on business. Podcast thank your dog. Thank you so much for inviting me to this beautiful podcast. I'm I'm very happy to have you here. And what was great is we were connected through your publisher Bestseller Publishing and they send me gas. That oftentimes have a very specific market. But also have a way of being able to to Do what they do in a very diversified way. In your case I see while you are a private practice. Physician Yourself That is an area that you've learned to deal with coaching. You've done with a you know a real estate investing would can we start with just maybe just an overall You know what's your background? Why is it that you decided that it's not just the medical practice that's good but all of these other components of building your career? Yeah so you know as you introduce me. At the beginning. I came to United States with dream in mind right that typical people say American dream so You know from South Korea. Obviously I was nineteen and then I for some reason since I was fourteen. I I guess that people talk about the Vision Board I was. I felt like I always wanted to go out of out of comfort zone since I was a kid And you know nine hundred nine years old. I felt like I couldn't reach my dream and I don't know what kind of vigilant I had at the time but it felt like. I was confined so I came to United States and I love helping people right. I love helping friends. I love helping colleagues and then I was thinking basically well. I didn't tell you about this. My my mother side. They were basically medical professionals. They were doctors but they kind of force me to go into medical education right like typical parents right right but then made me kind of complete go opposite. I'm like I don't WanNa do what my parents tell me to do. You know So I went to a completely the other like different field computer science and business And I also chose State of Tennessee on purpose that I knew there was no Korean people. There you really wanted to immerse yourself in the American culture quickly. Yeah Yeah I kind of you know. At the beginning I regret in little be right. Southern accent a completely unfamiliar. I you know I didn't have a good English skill at that time. Any ways but now. I look back though small decision making a process that I did every little decision that I made that kind of made me who I am now so you know Not Anyway so I completed Converted my career again. I went to medical education. I became a podiatrist a foot doctor. And then So I did my education in Chicago. Everything basically was good just being a doctor helping patients That whole healthcare system was running. Okay when I got out of my medical school. Did my residency started two thousand three up about until like two thousand eight. That's when kind of the whole healthcare system. It's is not working as as it should be so. Yeah that's when I started thinking about okay. I cannot be successful. You know to my things that I love to do helping people enjoy my own life having family CETERA which conventional is healthcare system. So when is it that you decided that diversification was key? You know it looks like you you started with a with this medical degree in podiatrist and you were successful at that. But two thousand eight brought probably a lot of adversity into that environment You didn't have any formal training in any kind of business experience or other than growing your practice which is which is probably a huge business feet but at the same time Medical business doesn't necessarily relate completely to the private sector so Cher a little bit about how you had the ambition or the drive or the know how really to understand how to how to get out of what you are doing and maybe use it as just one part of your income but to start doing all of these other things as well. Well you know the friends right. The people you meet through. Your Life. I really believe that so critical because at the time you may not realize whom you're like talking to or making friends wait you know though that famous court you're the average of five people you hang out the most that really resonates with me that. I just met great people for some reason. I'm so lucky and fortunate that you know like I never confined myself in Tony. Medical Profession was. I am still always curious about other things. How how how things work and how business work how world moves around so I think I met great people along the way and then kind of being in that kind of environment you know hanging out with great people made me realize To have for me to have more open-minded okay. Ic- basically to run private practice just like running any business. It's it's entrepreneurship. There's a revenue and expense and obviously when revenue goes down and expense. Goes up than natural your cash flow in your prophet plummets. And that's what I was experiencing around the two thousand eight to two thousand twelve. Most private practice owners most doctors in general. They'll understand exactly what I'm talking about. You know healthcare insurance reimbursement cut. It's almost fifty percent to seventy percent on some procedure some medical procedures that we perform. So let's say just imagine easily number if I throw number Let's say Bunion procedure surgical on your surgical procedure. Performed used to be around two thousand dollars which is

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