Matthew GilloglyCEO & Founder, Mavrix Profit System · “I help doctors remember why they became healers — and build a practice that finally proves them right.”

Can You Do Medical And Business At The Same Time?

8 Jan 2024 · 1 min

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In this motivational monologue, the speaker argues that medical schools deliberately avoid teaching business skills to keep physicians within the existing healthcare system, positioning them as feeder institutions. He emphasizes that doctors are among the smartest individuals, having mastered rigorous scientific curricula, and that the same data‑driven, evidence‑based mindset used in medicine can be directly applied to business decisions. The speaker urges physicians not to accept the stereotype that they are incapable of business, encouraging them to prove doubters wrong, invest a modest amount of effort, and leverage their scientific training to succeed in business ventures alongside their medical careers.

Chapters

Just remember that in med school, they don't train you about business because they don't want you to know. They don't want to teach you business because they don't want you going out on your own. They want you to become part of the system. They're really just feeder schools for the system. You can— you are the smartest people in the world. Don't ever say that you're just a dumb old doctor, that you can't learn anything about business. You've learned the anatomy. You've made it through organic chemistry, for God's sake. Some of you excelled at it. And you certainly have learned how to do surgeries or whatever else. So you're very smart people. You just have to do a little bit of work. That's it. And you can do that with business because here's the cool thing. Medicine and business are based on science. And so every decision that we make from a business standpoint is based on data. It's based on science. It's based on what has worked before, what hasn't worked before, and we test. So everything that you're doing in your medical practice and what you've been taught to do about being a doctor works exactly for being in business. So you can do this. Never say somebody tell you that you're not any good at business. Prove them wrong. You're smart, you're intelligent, you're driven, and when you set your mind to it, you can do anything you want.