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White Coat Investor Podcast
MtoM #135: Opening a Franchise and Finance 101: Tilting Your Portfolio
Sep 11, 2023
A doctor facing burnout decided to open an indoor golf franchise while working part-time in podiatry. They found dividing their time between medicine and golf beneficial. After getting the franchise running, they plan to open their own practice. The podcast also discusses the advantages of indoor golf, finding work-life balance, tilting a portfolio towards smaller stocks, and a lease-to-own partnership offer for physicians and practice owners.
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Quick takeaways
- Opening a franchise in a different industry can provide a new revenue stream and help alleviate burnout in a medical career.
- Prioritizing self-care and maintaining work-life balance is essential for healthcare professionals to prevent burnout and pursue passion projects.
Deep dives
Career Change to Golf Franchise
Dr. Raquel Patel, a podiatrist, shares her unique career change journey on the Milestones to Millionaire podcast. Struggling with burnout, she sought a new revenue stream beyond her medical practice. Recognizing her passion for golf, she took the plunge and opened an indoor golf simulator franchise with a friend. The franchise offers an indoor top golf-like experience with bays, a full bar, and food. It allows golfers to play 18 holes in just one hour and provides a controlled environment free from weather constraints. The cost ranges from $40 to $60 per hour, making it an affordable and convenient option.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode