Dr carol clinton timeless skin solutions11/8/2023 ![]() And this week we’re talking about med spas and on the call today, we truly have one of the groundbreaking physicians in this industry. ![]() We’re continuing our series talking about the innovators in the cash pack, cash practices. Welcome to another edition of Bootstrap MD, the podcast for physician entrepreneurs. Carol Clinton on this episode of Bootstrap MD. So I really hope you, you have a chance to actually listen to, or watch this interview with this amazing physician entrepreneur, my interview with Dr. Usually it’s like one, 1.5 profits that you’re gonna make on the business. ![]() So that’s that statistic is a lot higher than it is in this industry. In 2020, she was actually able to sell that for five times EBITDA, which basically is the indicator for their business performance. And she would not only thrive in her clinic. You have to be able to delegate and be able to take yourself out of practice if you want that business to thrive. A physician and the practice owner, seeing all the patients, ruining all the patients entering on the phone calls, you’re never gonna grow in scale. And then she was diagnosed with ovarian cancer at 42 years old.Īnd what you learn in the interview is how she was able to deal with it, how she was able to run the business, actually using one of the main principles I talked about in my book, the position physician that you can’t do everything. Started up her own practice was really one of the pioneers in Botox when Botox wasn’t even a commonplace word after a few years built a successful practice. She was a busy emergency room doctor that got introduced to the aesthetics community. And I don’t think you’ll have many excuses after you listen to this woman’s story. And it’s not the nicest terms, but they’re called entrepreneurs cuz they wanna be an entrepreneur, but something, some obstacle, whether it’s perceived or real is stopping them from actually doing it. is I just don’t have enough time.” And we have a term for this as consultants. “I’m too old or I’m too young, or I don’t have enough money or money’s tight, or my fear. And just over the last 10 years, working specifically with physician entrepreneurs, I’ve heard just about every excuse of why someone isn’t able to, or don’t feel compelled to start a business. Mike Woo-Ming: After nearly 20 years of being a business consultant. Med Spa Confidential: Lessons Learned from Starting, Growing, and Selling 100+ MedSpas The co-author of the Amazon Best Seller, Med Spa Confidential, and podcaster of I’ve Got Skin in the Game, experience her inspiring journey from busy physician entrepreneur to cancer survivor. And then at 42, she was diagnosed with ovarian cancer.īut she refused to let this disease affect her from achieving her dream, growing and successfully selling her practice for 5X EBITDA in 2020. After a few years it became extremely successful, becoming one of the true pioneers in the industry. Carol Clinton, ER physician, who founded Timeless Skin Solutions, an aesthetic practice, after 15 years of practicing medicine in a complex, high-pressure environment. We are continuing our series of successful entrepreneurial medical practice owners.
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