Unlock The Hidden Value of a Senior Care Business

Dr. Armin Feldman's Pretrial Prelitigation Medical Legal Consulting Coaching Program will teach you to build your own nonclinical consulting business as a valued consultant to attorneys without doing med mal cases or expert witness work.

Armin will teach you everything from business concepts to the medicine involved when launching your new consulting business during one year of unlimited coaching.

For more information, go to nonclinicalphysicians.com/mlconsulting/

Learn the business and management skills you need by enrolling in the University of Tennessee Physician Executive MBA program at nonclinicalphysicians.com/physicianmba.

Get the FREE GUIDE to 10 Nonclinical Careers at nonclinicalphysicians.com/freeguide.

Get a list of 70 nontraditional jobs at nonclinicalphysicians.com/70jobs.

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In our 400th episode, we're marking a milestone by diving into something deeply personal and highly practical—what it's like to build, grow, and sell a senior care business. I've had the unique experience of serving as an informal consultant, advisor, and broker to my wife, Kay, as she launched and ultimately sold her own successful in-home senior care franchise.

Whether you're a physician looking for a new income stream, a career pivot, or even a nonclinical business opportunity outside of medicine, this episode is packed with insights on how small business ownership can lead to significant financial growth, flexibility, and long-term wealth. I walk through real-world numbers, growth stages, challenges during the COVID-19 pandemic, and why a franchise model may be the ideal entry point for healthcare professionals venturing into entrepreneurship. You'll also hear about the pros and cons of buying vs. building, funding options, and how to evaluate return on investment when purchasing a business.

If you've ever thought about starting a business, investing in one, or just escaping a high-stress clinical role, this episode is a powerful look at what's possible—and profitable. I discuss how my wife's business grew to generate substantial income with minimal time commitment, the advantages of the franchise model, including training and support, and how you could apply these same principles to Direct Primary Care practices for potentially greater autonomy and higher income than traditional employment.

You'll find links mentioned in the episode at nonclinicalphysicians.com/hidden-value/