#104: Tactical Tuesday: Start with an Idea & Build your Fortune

Overview:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy Podcast, talks about the method of idea extraction from Dane Maxwell, a serial entrepreneur who has taken ideas and grown them into 7-figure companies. Jason explains how this method works for forming a business idea and then developing the needed skills to be a financially successful entrepreneur. He also shares future changes coming to the podcast. 

 

EPISODE HIGHLIGHTS:

  • Among today’s entrepreneurs, there are more young billionaires than ever before.    

  • Jason highlights idea extraction, a business approach he learned about after reading Dane Maxwell’s book, Start from Zero: Build your own Business and Experience True Freedom. 

  • When it comes to launching a startup, sometimes people focus only on their technical skill. As a result, they run their business poorly. 

  • Jason explains the four components of idea extraction: what is the problem, what is the solution, what happens if the problem isn’t solved and how much are consumers willing to pay to solve the problem. 

  • In order to learn about the problems consumers are facing, ask questions on social media, or call them.  

  • You do not have to be the expert on the solution. You can export the expertise. 

  • Be patient, persistent and enjoy the process because most businesses don’t see a big win the first time around. 

  • The show will take a hiatus from new guest interviews due to Jason’s current deployment. They will become seasonal and pick back up in the fall. 

  • Jason asks his listeners for feedback for their preference for a second show to compliment Tactical Tuesdays, which will continue to run. Options include a cliff notes version of previous guest interviews or a Q&A with listeners posting questions on Jason’s social media channels. 

 

3 KEY POINTS:

  1. Millionaires are being made faster and easier than ever before in history. 

  2. Find problems that need to be solved using social media and calling businesses. Use the idea extraction method to get at their pain points. 

  3. The two skills you need to become a successful entrepreneur are the ability to spot problems you can solve and hire experts if you don’t have the solution skillset.        

 

TWEETABLE QUOTES:

  • “You don’t actually have to use (the skills) you went to school for to become an entrepreneur in the healthcare field. There are so many different options.” – Jason A. Duprat

  • “You can hire out experts to create the solution and create the mechanism. You don’t have to look at your skillset as the only mechanism to create a business.” – Jason A. Duprat

  • “Start by finding a consumer that has a problem. That is the basis of business generation. You are solving problems. You are solving pains.” – Jason A. Duprat

 

RESOURCES MENTIONED:

#HealthcareEntrepreneurAcademy #HealthcareBoss #healthcare #entrepreneur #entrepreneurship #bizidea #ideaextraction #startup #podcast

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