#161 From Physician to Entrepreneur: Navigating the Career Shift, ft. Dr. Peter Kim
In this episode, Dr. Peter Kim talks about the mindset necessary to transition from medicine to entrepreneurship. This episode will help you gain insights and inspire you to take actionable steps toward becoming a successful physician-entrepreneur.
Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD.
Trion Properties brings this episode to you…
Trion Properties is a multifamily real estate investment sponsor that buys and renovates multifamily
properties, then syndicates those acquisitions to provide high-yielding passive income for accredited investors. They take a vertically integrated approach to maximize ROI and minimize unforeseen costs and construction delays. Their renovations are resident-focused; we transform units into clean, modern, and desirable places to live. They concentrate on cosmetic upgrades, mild infrastructure repairs, and adding high-value amenities and communal spaces with an aesthetic designed to appeal to higher-paying residents.
Episode Highlights
Now, let’s look at what we discussed in this episode:
- Identify What Drives You
- Build a Network Around You
- Embrace New Skills
- Establish an Entrepreneur Identity
- The Challenge of the Week
- Physician Real Estate and Entrepreneurship Conference (PIMDCON)
Here’s a breakdown of how this episode unfolds.
Episode Breakdown
Identify What Drives You
Dr. Peter Kim discusses the need to identify what is driving you to make a transition in your career or begin a side hustle. He encourages time for retrospection and asks yourself questions such as, is it a desire for financial freedom? The need for flexibility? Or the desire to live in another country for three months?
“Knowing why you want to do these things will help you create opportunities. In fact, it’ll help you see opportunities that are out there for yourself. And the way you get to come across a lot is opportunities.” — Dr. Peter Kim
Embrace New Skills
Peter shares how physicians are wired to be a life-long learner. He reminds the listener that sometimes we easily forgot that we are capable of developing new skill sets beyond those required to be a physician. This includes skills in marketing, finance, business development, communication, and sales, which he believes physicians are absolutely capable of doing.
“We’re ambitious, we’re resourceful, we’re able to do these things. But having that mindset of understanding that learning new skills is important and required to move into entrepreneurship. This is something that will carry you a long way.” — Dr. Peter Kim
Establish an Entrepreneur Identity
Dr. Kim encourages everyone to think of themselves as an entrepreneur. He shares how physicians are not limited to their title of being a doctor, they can diversify their identity as it gives them the confidence to discover new things.
“I want people to realize that there is so much more to us than just being doctors, we have other hats that we can wear. And there are other identities that we can take on.” — Dr. Peter Kim
The Challenge of the Week
Dr. Peter challenges everyone this week to think about what drives them, how they can commit to developing new skills, the steps to take, and the new identities they intend to take on.
“Because having that right mindset is absolutely essential. In the long run, it’s going to aid you in constantly shifting your attitude, behavior, and approach to the challenges you face, especially in your business.” — Dr. Peter Kim
Physician Real Estate and Entrepreneurship Conference (PIMDCON)
Dr. Peter Kim closes by inviting everyone to join the Physician Real Estate &Entrepreneurship Conference (PIMDCON) this September 21 – 23, 2023 in Los Angeles, CA. The event is for those who want to learn more about real estate, investing, finances, passive income, entrepreneurship, and more.
“Now, what sets this conference apart from others goes way beyond the speakers. It’s been part of the community that’s created at our live events. This year, we’re offering specific tracks, focus on real estate investing, or entrepreneurship acceleration, so you can customize your experience and focus on what matters to you the most.” — Dr. Peter Kim
