Sept. 15, 2025

The 7 Vanity Metrics Killing Your Business Growth

The 7 Vanity Metrics Killing Your Business Growth

Send us a text 👉 Ready for the next step? Book a call: https://program.www.entremd.com/call One of the worst things that can happen to you as an entrepreneur is spending your time on the wrong things. Optimizing what doesn’t need to be optimized. Investing in what doesn’t need to be invested in. Working on things that won’t move the needle in your business. It’s frustrating, exhausting, and it keeps you stuck. That’s why, in this episode, I’m breaking down 7 vanity metrics that do nothi...

Send us a text

👉 Ready for the next step? Book a call: https://program.www.entremd.com/call 

One of the worst things that can happen to you as an entrepreneur is spending your time on the wrong things.

Optimizing what doesn’t need to be optimized. Investing in what doesn’t need to be invested in. Working on things that won’t move the needle in your business. It’s frustrating, exhausting, and it keeps you stuck.

That’s why, in this episode, I’m breaking down 7 vanity metrics that do nothing other than distract you from what really matters. These are things that look great on the outside but don’t actually drive business growth. And the truth is, so many entrepreneurs have these vanity metrics on point… but when it comes to the real business drivers? They’re unclear or completely unaware.

After you're done listening to this, you will be very clear on what the needle movers are, the things you need to invest in, the things you need to optimize, and the things you actually need to pay attention to. 

So, without further ado, let’s jump right in! 

—

Key Takeaways: 

  • 00:00 Intro 
  • 03:11 Number of staff 
  • 05:13 Number of square feet 
  • 07:39 Number of media mentions 
  • 11:49 Number of followers 
  • 12:58 Likes and comments
  • 17:57 Number of downloads 
  • 21:37 Revenue 
  • 23:17 What I want you to focus on
  • 27:49 Outro 

Additional Resources:


When you are ready to work with us, here are three ways:

  • EntreMD Business School Accelerator - If you are looking to make a 180 turnaround in your business in 90 days, this is the program for you.
  • EntreMD Business School Grow - This is our year-long program with a track record of producing physician entrepreneurs who are building 6, 7 and 7+ figure businesses. They do this while building their dream lives!
  • EntreMD Business School Scale - This is our high-level mastermind for physicians who have crossed the seven figure milestone and want to build their businesses to be well oiled machines that can run without them.

To get on a call with my team to determine your next best step, go here ...

00:00 - Introduction: Vanity vs. Reality

05:22 - Vanity Metric #1: Team Size

07:25 - Vanity Metric #2: Square Footage

09:51 - Vanity Metric #3: Media Mentions

15:08 - Vanity Metric #4 & #5: Followers & Engagement

20:05 - Vanity Metric #6: Download Numbers

23:54 - Vanity Metric #7: Revenue Without Profit

25:37 - Focus On Foundation, Not Appearance

WEBVTT

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If you're going to work 80-hour work weeks, have no time off and run your expenses so that your profit margin is 2%, who cares if you have a multi-seven-figure business?

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Nobody wants it.

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Do you see what I'm?

00:00:12.781 --> 00:00:15.246
saying Hi docs.

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Welcome to the EntreMD podcast, where it's all about helping amazing physicians just like you embrace entrepreneurship so you can have the freedom to live life and practice medicine on your terms.

00:00:27.108 --> 00:00:28.952
I'm your host, dr Una.

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One of the worst things that can happen to you as an entrepreneur is for you to spend time working on what doesn't need to be worked on, optimizing what doesn't need to be optimized, investing what doesn't need to be invested in, optimizing what doesn't need to be optimized, investing what doesn't need to be invested in.

00:00:45.975 --> 00:01:31.954
You have to know what the main thing is and keep the main thing the main thing, and so, in talking to a lot of entrepreneurs who are having challenges in their businesses whether it's a private practice or their coach or whatever I find that they have a lot of the vanity metrics on point, but the actual things that are the needle drivers in the business they don't and they're not aware, and so, on this episode of the Entremdy podcast, I'm going to talk to you about seven vanity metrics that distract entrepreneurs, and, after you're done listening to this, you will be very clear on what the needle movers are the things you need to invest in, things you need to optimize, the things you need to pay attention to if you do need to procrastinate on the few things you do not need to procrastinate on, right, and the things that you can know.

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Practice creative procrastination, as Brian Tracy calls it.

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Okay.

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So this right here is going to put you in a position where you're very strategic when shiny objects show up.

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You are very clear this is a shiny object.

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In fact, I'll tell you this.

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A few years ago, when I was making my vision board, one of the things I put on there was I wanted to have 100,000 downloads of the On Trending podcast.

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Okay so, this was many years ago, but I will tell you this, I had my nine goals, right, like so, on my vision board, I had things that represented all nine areas of my life, and then I had this as number 10 and I said it was my vanity goal.

00:02:07.016 --> 00:02:14.441
I was very clear that this is not a metric to necessarily optimize for, and I'll explain what I mean Now.

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These metrics, they're all good, these things are all good In fact, I think I have all of these things in most of my businesses but it's not the driver, it's not the main thing, it's not the thing we push for at the expense of the more important things, right?

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So I'm not saying these things don't need to be there, but you need to be very clear.

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In a way, this is a vanity metric.

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Okay, some of them will absolutely shock you.

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Some of them will absolutely delight you, but I want you, on this particular episode, I want you to send me a DM on Facebook or Instagram and say Dr Una, this is what I got from that.

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This is a thing that is vanity metric that I've been optimizing for, and all of this stuff.

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Thank you so much for the episode.

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Now I know how to think about this stuff.

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I really appreciate that.

00:02:51.646 --> 00:02:56.331
Okay, and this is an episode I want you to share with the doctors in your world.

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Right, like, if you've listened to the podcast before, you know our episodes are all good.

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You can literally hit that button, grab the link, share it with the people in your world, tell them oh my goodness, here Dr Luna goes again, but this is going to be good, listen to it with me, okay.

00:03:09.028 --> 00:03:10.991
Okay, so let's talk about these metrics, okay.

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So the first one and I see this a lot is number of staff.

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Oh, I have 10 members.

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Oh, I have 50 members.

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Oh, I have, you know, like, 35 team members and all of this stuff.

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Hello, this is not a thing to optimize.

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This is not a thing, because in many businesses, their team is where all profits go to die, because the team members are not properly led, they were not properly hired, they don't have metrics, they're not being held accountable.

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None of these things are happening, and so this is not a profitable team.

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This is a team that costs the business money, and the more of them you have, if you're honest with yourself, the smaller your profit margin became, and that's the truth.

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Am I against a big team?

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Of course not.

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I mean, listen to the Entrepreneur Podcast.

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I talk about getting team members all the time.

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Right, but just a number of team members, because some people hire to hire.

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They just hire to have a bigger team, because to them, a bigger team means my company's working.

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It doesn't.

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It might mean your company's dying okay, it might mean that.

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So this is a vanity metric unless it's a profitable team.

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And a profitable team means we're very clear on how this team member serves our clients or patients.

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We're very clear on how this team member makes money right, how their role generates revenue, right.

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We have a meeting cadence.

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We hold them accountable.

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We do all of these things, do hold them accountable to the metrics, and so if these things are not happening, it's not a profitable team.

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They may be costing you money and it doesn't matter the size.

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Now, if you have a profitable team, by all means have 300 team members.

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We know that every team member is creating a win-win-win.

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They're creating a profit for the practice, they're creating money to cover their overhead and money to cover their salary right, and so you can hire as many as you want.

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So the number on its own is not something to shoot for.

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What you want to shoot for is building your team structure in such a way that your team members are profitable.

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Okay, so that's the first vanity metric.

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Okay, now again, remember what I said.

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None of these things are wrong.

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So the second vanity metric is number of square feet.

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Oh, my practice is, you know, 10,000 square feet.

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My practice is 7,500 square feet.

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Oh, we just got this 55 square foot building.

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Blah, blah, blah, blah, blah.

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Is it bad?

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No, but if the reason we got that square footage is to get that square footage, then we're running into a problem here.

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This is a problem.

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This is a problem.

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It only matters.

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This is only a great thing.

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I'm only celebrating you for bigger square footage if you know how to use it in a profitable way.

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I'm getting this square footage because you know, now you say it's for a private practice.

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Now we're bringing on another doctor and we want them to have these three exam rooms, or we have this other vertical that doesn't even rely on me and my nurses can handle it and this is the space that they need for that.

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Or we got this space.

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I'm still going to use the same amount of space, but I wanted to sublease this space right, and so that's bringing in passive revenue that way or whatever.

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But there has to be something.

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If we just got more space to have more space so we can have cuter pictures, we're optimizing for the wrong thing and we put our practices in positions where now we have financial pressure because of a vanity metric.

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That doesn't matter.

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I want to give a big shout out to Dr Karen Kaufman.

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You know she started off in, you know, the first location.

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She got for her practice and quickly outgrew it and got to the second location, and when we were having a conversation she made a statement, and she made a statement about sitting down to map out how to utilize this square footage that she has in a profitable way.

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Now somebody may your mind may be going, because doctors, you know we can be like this.

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Your mind may be going to.

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It's not all about the profits.

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Okay.

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So this is the deal.

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We, in our practices or in our businesses, we provide great care, but the only way we can continue to provide great care is if we stay profitable.

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If we're not profitable, we have to shut our doors and there's no great care to be had.

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So this is important.

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Okay.

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So if we're getting bigger space, then why?

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How are we going to leverage it?

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How are we going to make it?

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How are we going to use it in a profitable way?

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How are we going to use it in the way that this big space is not costing us money.

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It's making us money, because that's the whole point of investing.

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Right, if I'm going to invest in the bigger space, then I want an ROI, I want a return on investment, on my investment.

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So that's the second thing.

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So do we just get bigger square footage just to get bigger square footage?

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No, no, we got to think about other things.

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Number three okay, number of media mentions.

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Okay, I was in this magazine.

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I was in that magazine, I was featured here.

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You know, they post on social media.

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I was featured here.

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Now, dr Una, are you saying this is bad?

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Of course not.

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I mean, entreemd has been on the Inc 5000 list of fastest growing companies for the last three years in a row and has been on the Inc Regional list of fastest growing companies in the region.

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Right, so I think.

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For us, that Southeast region has been there for three years.

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So, on Inc alone, we've gotten six awards and I've posted about them every single time.

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But I'm very clear, this is a vanity metric and I'll walk through how I think about that.

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Now, that doesn't mean I don't celebrate, I'm not grateful, I mean like it is a thing right For this to have happened and all of that stuff.

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It doesn't mean that.

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But what it means is I'm not just optimizing for that, I'm not getting distracted by that.

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Okay, so, for instance, when they make the Inc 5000 announcement is typically in August, but it's for revenue that was generated last year.

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So August of this year is when August 12th that's when the announcement went out, you know on trying to hit the Inc 5000 list of fastest growing privately held companies in the United States.

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And this was our third year.

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That was based on the revenue for last year.

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So what if last year I was working, I was growing my company, I was focused on serving my clients at the highest level, getting them results, inviting new people to work with us and all of that stuff, and because of that I qualified for the Inc 5000.

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But this year I've been on cruise control and I have not been.

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I'm giving an example I've been on cruise control, not paying attention to my clients anymore and all of these things, and so actually we're underperforming this year.

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Ok, so I go out on social media like, oh my goodness, you know, inc 5000, lisa Fast is growing companies, and I'm for a week and I buy all the plaques and all the stickers and all the things and I'm doing all these podcast interviews talking about, oh my goodness, how I made the Inc 5,000 list of fastest growing companies.

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Hello, that is a huge distraction because, based on that story, I'm not doing anything today that would have even put me in a position to qualify.

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If we're doing that over, that's for last year's work, that's for last year's work and it's a highlight reel, right?

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Okay, so am I saying it's bad?

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I'm not saying it's bad.

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I'm just trying to say that me getting an Inc 5000 award doesn't mean I should just stop and go like, oh, everything's great in my business, because everything may not be.

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I need to look Like if this year were last year, would I still qualify to be on this list, right?

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If, based on what I'm doing now, would I qualify to be on it next year?

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These are things, and I'm not trying to say don't be grateful.

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I'm just saying don't let that be a distraction.

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You were featured in Forbes, you were featured in all of these things.

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Am I knocking that?

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No, I've done those things.

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But I am saying if you also look and you find you're not serving your clients at the highest possible level, your patients at the highest possible level, and if you look and you find out that now you're starting to have a nutrition problem where people are no longer staying with you, if you look and find out that you're no longer attracting new people, if you look and find that you're finding you're not showing up as the CEO, your team members you know they've left, you've not hired to replace.

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You're in cruise control.

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Like you have a big issue that needs to be worked on and distracting yourself for a week talking about where you're mentioned and all those things have nothing to do with anything.

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And it's also like, let's say, you were on a big podcast, okay, and like oh my goodness, I was honored to be on this podcast.

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That's a media mention.

00:11:02.756 --> 00:11:11.368
Okay, that's wonderful, but the question is did you strategically use your calls to action?

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So when you're done with whatever you're doing on your podcast, people can find you and then come work with you.

00:11:14.197 --> 00:11:25.874
Right, the question is, when people go to find you let's say, you didn't even give a call to action, but they went to find you when they find you, is your brand optimized in such a way that people know okay, this is how you can work with them, this is how you can get on the email list.

00:11:25.874 --> 00:11:27.065
Or they have a podcast too.

00:11:27.065 --> 00:11:27.527
Check it out.

00:11:27.527 --> 00:11:28.926
They have a course, buy that.

00:11:28.926 --> 00:11:30.043
They have a private practice.

00:11:30.043 --> 00:11:30.866
Come join the practice.

00:11:30.866 --> 00:11:33.105
Like, did you optimize it?

00:11:33.184 --> 00:11:41.212
So, the euphoria of all the things that happened because of this big brand, mention that it has anything to do with moving forward in your business.

00:11:41.212 --> 00:11:43.167
Like, was that a strategic thing?

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Does it Right?

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Ok, number four number of followers.

00:11:51.996 --> 00:11:53.638
Ok, number of followers.

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What, like?

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I might say, don't grow the number of followers.

00:11:56.980 --> 00:12:00.202
I track the number of followers I have every single week.

00:12:00.202 --> 00:12:06.527
I know, across my brand, I have about 43, 43, 44000 people that are followers.

00:12:06.527 --> 00:12:10.129
I'm not saying don't track the number Right, but it's not.

00:12:10.129 --> 00:12:14.893
It's not a metric that we're optimizing for, because that on its own does nothing.

00:12:15.335 --> 00:12:17.600
The question is the people that are following you.

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Have they now come on your email list?

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The people that are following you?

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Are they now coming to your workshops?

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Are they now coming to your private practice?

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Have you optimized your brand so, if they can even find out, some people have been following you.

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They don't even know what you do.

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Do they know what you do?

00:12:33.798 --> 00:12:34.700
Do they know what you do?

00:12:34.700 --> 00:12:38.927
Otherwise, you can be follower rich and dollar poor.

00:12:38.927 --> 00:12:48.181
You can be follower rich and patient poor and client poor, right, and so, yes, I have the followers, but am I translating them to something else?

00:12:48.181 --> 00:12:56.148
Because, just saying I have a million followers, there are many people who have a million followers and their businesses have not done more than $2,000 in the year.

00:12:56.148 --> 00:12:58.442
Dr Luna, you're going to need to calm down some kind of way.

00:12:58.601 --> 00:12:59.304
Okay, number five.

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Number five vanity metric, likes and comments.

00:13:01.702 --> 00:13:06.667
Oh, I did that post and I got 200 likes and I got 45 comments.

00:13:06.667 --> 00:13:09.001
I did that post and it went viral.

00:13:09.001 --> 00:13:10.498
Right, I did that reel.

00:13:10.498 --> 00:13:11.120
It went viral.

00:13:11.120 --> 00:13:16.136
I got 2 million views and I got good, good.

00:13:16.157 --> 00:13:16.658
And then what happened?

00:13:16.658 --> 00:13:23.400
Because the whole point of visibility is for a portion of that visibility to lead to patients, clients and all of that stuff.

00:13:23.400 --> 00:13:29.902
Because we are not content creators, we are entrepreneurs who use content to grow our businesses, right?

00:13:29.902 --> 00:13:32.307
And so again it goes back to the same thing.

00:13:32.307 --> 00:13:36.755
Licenses, right?

00:13:36.755 --> 00:13:37.717
And so again it goes back to the same thing.

00:13:37.717 --> 00:13:39.442
Have I built a business base that is just waiting for visibility to take off?

00:13:39.442 --> 00:13:44.697
So when the visibility comes, you can take advantage of the visibility, right?

00:13:44.697 --> 00:13:49.596
Okay, so I had the likes, I had the comments, but I didn't have any call to action.

00:13:49.876 --> 00:13:52.102
If people look for me on social media, there's nothing.

00:13:52.123 --> 00:13:56.259
They can't tell what I do, they can't tell how to work with me, right?

00:13:56.259 --> 00:13:59.327
They don't know, they have to know, they have to know.

00:13:59.327 --> 00:14:00.317
I'll give you an example.

00:14:00.317 --> 00:14:18.740
You can write a book and go on social media like, oh, I'm so excited, my dream was always to write a book and I wrote the book and all of that stuff, and this is the cover, or this is the book, and you can get 300 likes, you could get a hundred comments and you could get two book sales.

00:14:18.740 --> 00:14:22.817
You could get two, one, two, how do I know it's happened to me.

00:14:22.817 --> 00:14:25.446
Okay, One, two and that's it.

00:14:25.446 --> 00:14:45.241
So all the euphoria of, oh my goodness, look at the activity on this post and if you have, like you know, you have all the red numbers and all this and the pops and the dings and the vibrations and all that stuff from your Facebook and Instagram going on, it's like, oh my goodness, everybody's fine about it and everybody's buying it and nobody's buying it because you have to have other things in place.

00:14:45.241 --> 00:14:46.625
Okay, okay.

00:14:46.644 --> 00:14:51.280
So, recently we launched a journal called the 20% Coach Journal Powerful.

00:14:51.280 --> 00:14:52.464
It's the journal I use.

00:14:52.464 --> 00:14:55.048
In fact, now I call it my number one productivity tool.

00:14:55.048 --> 00:14:56.110
It's so amazing.

00:14:56.110 --> 00:14:59.980
You can get your copy on trendycom forward slash journal if you haven't gotten yours yet.

00:14:59.980 --> 00:15:14.404
But it's a journal you use twice a week At the beginning of the week to set your goals and all those things and set the stage for a great week, your best week yet and at the end of that week.

00:15:14.404 --> 00:15:25.015
So when you show up on the next week week two you show up as you 2.0, and week three you 3.0, and all of that.

00:15:25.015 --> 00:15:26.677
So that's the tool I use to radically change my life every week.

00:15:26.677 --> 00:15:27.739
It has changed my life since I started using it.

00:15:27.759 --> 00:15:28.679
Okay, so, ontermecom forward slash journal.

00:15:28.679 --> 00:15:38.230
Now, when we did this and this is a tool, like you know, my mentees in other parts of my world you know they can all use it Right, and so you know somebody said to me.

00:15:38.230 --> 00:15:46.758
They said oh, you have EntreeMD, you have Success by the Book, which is my faith-based YouTube channel, and you have Arise and Shine, which is a prayer meeting I do every morning.

00:15:46.758 --> 00:15:47.698
You have all these people.

00:15:47.698 --> 00:15:52.585
You don't really need to sell the book, like it's just, people are just going to buy, you're just going to sell thousands of copies.

00:15:52.585 --> 00:15:58.152
And so I, as a savvy entrepreneur who's been at this for the last 15 years, I laughed.

00:15:58.152 --> 00:16:03.687
I said you have no idea how this thing works, right, if you do not sell it, it will not sell.

00:16:03.687 --> 00:16:04.636
Period, end of story.

00:16:04.636 --> 00:16:05.679
It doesn't matter Like.

00:16:05.679 --> 00:16:07.024
Will some people buy, no matter what?

00:16:07.024 --> 00:16:14.576
Yes, of course, but it can't be left to chance, okay.

00:16:14.576 --> 00:16:16.283
So of course I would post it, and you know there'll be lots of posts and all that.

00:16:16.283 --> 00:16:16.803
I'm not confused by that.

00:16:16.803 --> 00:16:17.726
I don't stop Now, don't get me wrong.

00:16:17.726 --> 00:16:29.082
I'm very grateful for every like, I'm very grateful for every comment, but I also know that there's work that needs to be done for that to translate to impact.

00:16:29.082 --> 00:16:34.417
Because for me, the reason why I push this journal so much is because I see what it's doing in my life.

00:16:34.417 --> 00:16:36.465
I see what it's doing in my mentee's life.

00:16:36.465 --> 00:16:38.653
I have my daughter and my son using.

00:16:38.653 --> 00:16:42.464
I see what it's doing for them and I'm just like my goodness, this is mind boggling.

00:16:42.464 --> 00:16:44.936
Okay, I want to have the impact.

00:16:44.936 --> 00:16:47.780
And so if I want to have the impact, I'm going to have to sell it.

00:16:48.081 --> 00:16:52.828
I cannot be distracted by the likes and comments and be lulled to sleep and not stop it.

00:16:52.828 --> 00:16:53.995
So guess what I do?

00:16:53.995 --> 00:16:55.639
I show up in the Rise and Shine community.

00:16:55.639 --> 00:16:56.341
I promote it.

00:16:56.341 --> 00:16:58.076
I show up on Success by the Book I promote it.

00:16:58.076 --> 00:16:59.464
I come to EntreMD I promote it.

00:16:59.745 --> 00:17:12.709
When I talk to people who are like you know how I use my time and all that, I promote it.

00:17:12.709 --> 00:17:15.859
For instance, you're like oh my goodness, I always wanted to launch a practice.

00:17:15.859 --> 00:17:17.064
Now I've launched a practice.

00:17:17.064 --> 00:17:18.903
Or you open up a second location.

00:17:18.903 --> 00:17:22.261
Oh my goodness, we're growing, we have a second location, all this stuff.

00:17:22.261 --> 00:17:38.673
Okay, appreciate the likes, appreciate the comments and go and market your practice, because if you don't market your practice, you're gonna have an empty schedule.

00:17:38.673 --> 00:17:39.260
So don't let this distract you.

00:17:39.260 --> 00:17:39.347
Like.

00:17:39.347 --> 00:17:39.974
Appreciate it for what it is.

00:17:39.883 --> 00:17:41.236
I try as much as possible to respond to almost all my comments and all of those things.

00:17:41.236 --> 00:17:43.430
I try Because I mean that's somebody taking time out of their day to have a full conversation with me, right, like.

00:17:43.430 --> 00:17:46.531
So I engage in all of that stuff and I do what needs to be done.

00:17:46.531 --> 00:17:47.896
I do the marketing that needs to be done.

00:17:47.896 --> 00:17:49.338
I do the selling that needs to be done.

00:17:49.338 --> 00:17:51.162
I follow up with people like I need to.

00:17:51.162 --> 00:17:52.483
I serve my clients at the highest level.

00:17:52.483 --> 00:17:53.244
I do all of this stuff.

00:17:53.244 --> 00:17:54.887
I don't stop at the likes and the comments.

00:17:54.887 --> 00:17:56.670
Okay, okay, so that's number five.

00:17:56.670 --> 00:18:00.202
Number six I alluded to this earlier is the number of downloads.

00:18:00.202 --> 00:18:02.477
Okay, so I could come to the Entremet podcast.

00:18:02.477 --> 00:18:04.000
I'm like, oh snap, look at that.

00:18:04.000 --> 00:18:04.541
Look at that.

00:18:04.541 --> 00:18:08.320
You know we had 200,000, you know downloads so far this year.

00:18:08.320 --> 00:18:14.674
I was like, okay, all right, hang on, you can have a podcast that does nothing.

00:18:14.674 --> 00:18:19.108
Nothing, because you can have the downloads and not have the result.

00:18:19.108 --> 00:18:22.516
So the downloads are very important and very good.

00:18:22.856 --> 00:18:28.253
If you learn to be a person who understands, you're taking people on a journey.

00:18:28.253 --> 00:18:33.974
You may show them, they may come on and they discover oh my goodness, look at what is possible for physicians.

00:18:33.974 --> 00:18:37.531
I can build, I can start a business, I can grow the business.

00:18:37.531 --> 00:18:42.538
I can take it to six figures, I can take it to seven figures, take it to multiple seven figures.

00:18:42.538 --> 00:18:45.652
I've heard the story of a doctor who had a first million dollar month.

00:18:45.652 --> 00:18:46.877
That could be me too.

00:18:46.877 --> 00:18:49.865
Like, oh my goodness, now they're opened up to what is possible.

00:18:49.865 --> 00:18:52.968
And then they open up to the mindset shift, the identity shift.

00:18:52.968 --> 00:18:53.508
They have to be.

00:18:53.708 --> 00:18:55.229
Well, I'm not just a physician.

00:18:55.229 --> 00:18:56.930
I can be a physician entrepreneur.

00:18:56.930 --> 00:18:58.671
I'm not a physician with a private practice.

00:18:58.671 --> 00:19:02.294
I have to be stuck and I have to be, you know, like burnt out and all this stuff, because it's the way it is.

00:19:02.294 --> 00:19:06.435
I can do the team led private practice and you're learning all of these things.

00:19:06.435 --> 00:19:12.519
And then like money's not bad, it's not good, it just is, and it takes the shape of whoever has it Right and you're learning all these things.

00:19:12.519 --> 00:19:17.442
And then you're like, okay, I realized that, man, I need to learn a lot of things if I'm going to be able to pull this off.

00:19:17.442 --> 00:19:22.568
And then I'm like, yeah, and there's a profitable private practice movement, there's the Entree Empty Business School.

00:19:22.568 --> 00:19:25.080
You can come in, we have books that you can buy.

00:19:25.080 --> 00:19:29.130
The Profitable Private Practice Playbook, the Entree Empty Method, all these things.

00:19:29.130 --> 00:19:30.271
These are all things that will change.

00:19:30.291 --> 00:19:37.332
So you're taking people on a journey and so, if you are, you have all the downloads, but you're not taking people on a journey.

00:19:37.332 --> 00:19:50.587
They're not coming to work with you, they're not coming to say yes to working with you, they're not buying the books, they're not sharing the podcast episode, they're not doing any of that, except you are inviting them to do that, except you're taking them on that journey, right?

00:19:50.587 --> 00:19:59.901
Okay, so if you have a ton of downloads but you don't have a call to action, you're not taking people on the journey, you don't have the business you can put them in.

00:19:59.901 --> 00:20:05.347
You don't have any of those things.

00:20:05.347 --> 00:20:07.356
You will have a lot of downloads but you're not going to have all the other stuff.

00:20:07.356 --> 00:20:08.259
Like you didn't affect your business.

00:20:08.259 --> 00:20:08.803
It's a vanity metric.

00:20:08.803 --> 00:20:10.125
Am I saying it's a vanity metric?

00:20:10.125 --> 00:20:11.228
You shouldn't want more downloads.

00:20:11.228 --> 00:20:15.714
You bet you actually you heard me at the beginning of this say please share this episode.

00:20:15.714 --> 00:20:24.288
And I'm going to say it again Listen, our job is to help a hundred thousand doctors figure out how to build profitable businesses so they have the freedom to live life and practice medicine on their terms.

00:20:24.710 --> 00:20:43.635
If this podcast has been a gift to you in any way, if it has helped you had a mindset shift, if it's helped you get new clients, if it helped you bring team members on, if it's even brought you to this place where you knew that the profitable private practice movement was for you, and you've gone in there and you're getting all these wins, or you're in the untrendy business school and now your business is at seven figures, multiple seven figures, six figures, whatever is growing, and all that stuff.

00:20:43.635 --> 00:20:44.605
You're bringing on team members.

00:20:44.605 --> 00:20:45.468
You're seeing what is possible.

00:20:45.468 --> 00:20:56.871
You have the best network, you, with the people in your world and when I say in your world, I mean post about it on social media.

00:20:56.871 --> 00:20:58.915
If you're a part of organizations, tell them listen.

00:20:58.915 --> 00:21:02.594
Like this is free, this is a free business, education for every physician.

00:21:02.594 --> 00:21:05.068
Invite them to do that at work and all that stuff.

00:21:05.068 --> 00:21:08.846
I want to invite you to be an ambassador and be an evangelist for the cause.

00:21:08.846 --> 00:21:11.571
Like, tell people about it because it's so.

00:21:11.571 --> 00:21:19.428
I mean, like we don't give fluff here, we're doing real stuff, like by doing this episode.

00:21:19.448 --> 00:21:20.773
There are businesses that were at risk of going out of business.

00:21:20.773 --> 00:21:21.055
That won't be.

00:21:21.055 --> 00:21:25.215
Yeah, established businesses that have been stuck in a level because they've been focused on vanity metrics and now they're going to move forward.

00:21:25.215 --> 00:21:31.951
And there's someone who's going to start a business and, ahead of time, without having to go to the school of hard knocks like we did, they're going to know.

00:21:31.951 --> 00:21:33.093
These are the things you don't do.

00:21:33.093 --> 00:21:34.815
These are the things you don't focus on.

00:21:34.815 --> 00:21:37.578
Yeah, they're good, but they're good if right.

00:21:37.898 --> 00:21:45.727
Okay, number seven and this is going to sound so crazy that I say this, but number seven is revenue.

00:21:45.727 --> 00:21:47.249
Like, revenue is a vanity metric if you don't care about profit.

00:21:47.249 --> 00:21:55.119
Revenue is a vanity metric if you also don't care about quality of life, time off, all of those things, like it has cousins, okay.

00:21:55.119 --> 00:21:58.381
And so if all you're going to look at is the revenue, you're not going to look at the profit.

00:21:58.381 --> 00:22:06.289
What it's going to do is it's going to put you in a position where your expenses will be like through the roof because you're not paying attention to that at all.

00:22:06.289 --> 00:22:06.912
Like I have.

00:22:06.912 --> 00:22:14.738
People go like oh yeah, you know we're a seven figure business, but you're a seven figure business and you have 10 team members and you have rents.

00:22:14.738 --> 00:22:15.645
That is like through the roof.

00:22:15.645 --> 00:22:16.268
I have all this.

00:22:16.268 --> 00:22:16.829
Like I'm.

00:22:16.829 --> 00:22:19.396
Like I know that, I know that you're running at a loss.

00:22:19.396 --> 00:22:22.751
So am I saying don't have a target for revenue?

00:22:22.751 --> 00:22:24.234
Of course not.

00:22:24.234 --> 00:22:25.718
I have a target for revenue.

00:22:25.718 --> 00:22:27.710
I teach you to have a target for revenue.

00:22:27.710 --> 00:22:33.315
You know, as we get closer to the end of the year, we're going to do all these goal setting workshops and revenue is going to be there.

00:22:33.315 --> 00:22:36.010
End of the year we're going to do all these goal setting workshops and revenue is going to be there.

00:22:36.010 --> 00:22:43.633
But if you're not going to observe the laws of business and pay attention to the other parts, right, which, in every one of our programs, we teach these things.

00:22:43.633 --> 00:22:44.273
Right?

00:22:44.273 --> 00:22:46.747
We teach you to build a profitable team.

00:22:46.747 --> 00:22:52.686
We teach you because your team could erode all your profits right, we teach you to do that.

00:22:52.686 --> 00:22:54.732
We teach you to think about these things.

00:22:54.732 --> 00:22:59.935
We teach you to pay attention to your ability to create revenue while taking time off.

00:22:59.935 --> 00:23:01.185
And all these things why?

00:23:01.185 --> 00:23:02.288
Because they go together.

00:23:02.288 --> 00:23:11.839
So, if you're going to work 80 hour, work weeks, have no time off and run your expenses so that your profit margin is 2%, who cares?

00:23:11.839 --> 00:23:15.873
If you have a multi seven figure business, we don't care, nobody wants it.

00:23:15.873 --> 00:23:17.287
Do you see what I'm saying?

00:23:17.287 --> 00:23:28.974
Okay, I'm saying this because I want you to thrive as a physician entrepreneur, but in order to do that, you got to keep the main thing, the main thing.

00:23:28.974 --> 00:23:30.878
What is the main thing?

00:23:30.878 --> 00:23:34.192
I have to know how to attract an audience.

00:23:34.192 --> 00:23:36.657
So I go from nobody knows about me to they know about me.

00:23:36.657 --> 00:23:41.656
I need to know how to convert that audience into paying patients or paying clients.

00:23:41.656 --> 00:23:48.511
I need to understand how to serve them and build structures in such a way that they can continue working with me.

00:23:48.511 --> 00:23:59.286
I have to understand how to take care of them and build structures such that they will refer to me, they'll promote my stuff, they'll invite other people to work with me, they'll write all these reviews and all of these things.

00:23:59.286 --> 00:24:05.018
I need to understand how to build a team so that my business can run without me.

00:24:05.018 --> 00:24:14.032
These are core, foundational things that you never sacrifice for downloads or square footage or media mentions or any of that.

00:24:14.032 --> 00:24:17.008
Are these seven things important and great for your business?

00:24:17.008 --> 00:24:20.215
Yes, are they more important than the foundational things?

00:24:20.215 --> 00:24:23.628
Never, never, ever, ever.

00:24:23.628 --> 00:24:29.608
If you're getting more media mentions than patients and clients, we got a problem.

00:24:29.608 --> 00:24:30.510
Do you see what I'm saying?

00:24:30.510 --> 00:24:40.557
And I'm saying this because I want you to enjoy being an entrepreneur, I want you to win, I want you to have a lot of impact and time freedom and financial freedom.

00:24:40.557 --> 00:24:46.397
You're not going to get there if you prioritize vanity metrics over foundational metrics.

00:24:46.397 --> 00:24:47.590
It's just not going to happen.

00:24:47.590 --> 00:24:55.229
So you're going to look good on social media and the day that everything goes to blazes, everyone will be like what, but she's been doing so well.

00:24:55.229 --> 00:24:56.071
He's been doing so well.

00:24:56.071 --> 00:24:58.913
What happened, what had happened, was right.

00:24:58.913 --> 00:25:04.112
We prioritized vanity metrics over foundational metrics and I want to invite you to never do that again.

00:25:04.112 --> 00:25:09.106
It is one of the most dangerous, most expensive things you would do in your practice or in your business.

00:25:09.106 --> 00:25:10.833
That will put it at the most risk.

00:25:10.833 --> 00:25:12.806
It will put it at risk, okay, the most risk.

00:25:12.806 --> 00:25:13.367
It will put it at risk, okay.

00:25:13.367 --> 00:25:17.971
So focus on the foundational things and, by all means, have all the vanity things Okay, all right.

00:25:17.971 --> 00:25:24.638
So what I want you to do is I want you to take a moment and have a come to Jesus meeting with yourself and audit your value system.

00:25:24.638 --> 00:25:29.531
Do I value having a big, like large square footage of media mentions?

00:25:29.531 --> 00:25:37.156
Do I value that over doing the work of building a relationship with a referral partner so I can get new patients and get new clients?

00:25:37.156 --> 00:25:39.031
You have to tell yourself the truth.

00:25:39.031 --> 00:25:41.192
Do I value the number of downloads?

00:25:41.192 --> 00:25:54.028
I've even seen people who throw ads behind their YouTube channel just to say they got 100,000 subscribers and they can show you the plaque, but when you look at their downloads, it's like 100 downloads is 100 views per video, so none of those people stay like.

00:25:54.028 --> 00:25:56.316
You have 100,000 subscribers, so what?

00:25:56.316 --> 00:25:59.050
They're not watching your stuff and they're not watching your stuff.

00:25:59.050 --> 00:26:00.208
They're not buying your stuff.

00:26:00.208 --> 00:26:01.332
They're not buying your stuff.

00:26:01.332 --> 00:26:02.516
Your business is not growing.

00:26:02.516 --> 00:26:04.050
And so work done equal to zero.

00:26:04.050 --> 00:26:08.330
Except, the whole purpose of a business was to get a silver plaque from YouTube.

00:26:08.330 --> 00:26:11.714
Now am I saying don't get 100,000 subscribers?

00:26:11.714 --> 00:26:15.161
Of course not On my faith-based channel, success by the Book.

00:26:15.161 --> 00:26:20.906
That's our active target.

00:26:20.906 --> 00:26:21.991
We are at 17,900 subscribers.

00:26:21.991 --> 00:26:23.881
You see, I know the number at the time of this recording and our goal is to get to 100.

00:26:23.881 --> 00:26:24.122
Why is that?

00:26:24.122 --> 00:26:27.487
So I can come back and teach you how to get to 100, right, my whole business is a lab.

00:26:27.487 --> 00:26:29.769
I do all the experiments and I come back and I tell you what works.

00:26:29.769 --> 00:26:35.835
That's what I do, okay, okay, so I want you to audit Like what do I truly value Above what?

00:26:35.835 --> 00:26:38.897
What is the true work that will make my business move forward?

00:26:38.897 --> 00:26:47.435
What are the true needle movers that I'm refusing to engage with and instead I'm distracting myself with these vanity metrics that will make me look good on the outside.

00:26:47.435 --> 00:26:49.050
Meanwhile, my business is dying.

00:26:49.050 --> 00:26:49.854
What are those?

00:26:49.854 --> 00:26:56.377
Call your own self out, okay, and then start focusing on the right things, because this is what I want you to think about.

00:26:56.377 --> 00:27:00.838
I want you to imagine being in a position where you have a stable.

00:27:00.838 --> 00:27:05.057
When I say stable, I mean your business is growing sustainably.

00:27:05.057 --> 00:27:11.512
Okay, you're having a lot of impact, you're helping a lot of people, you're bringing in revenue and profits.

00:27:11.512 --> 00:27:18.212
You are getting more time off that you can spend, you know, on yourself, on your family, all of that stuff, creating memories, all of that.

00:27:18.212 --> 00:27:24.817
And you have the media mentions and the square footage and the large team and you have all of those things.

00:27:24.817 --> 00:27:26.086
You can have both.

00:27:26.086 --> 00:27:27.269
You can have both.

00:27:27.269 --> 00:27:36.253
But if you sacrifice foundational metrics for vanity metrics, it will lead to a world of hurt, and that's what I'm trying to prevent you from experiencing.

00:27:36.253 --> 00:27:39.727
Okay, so go do the audit and I want you to keep that picture in front of you.

00:27:39.727 --> 00:27:44.228
I'm going to have all the foundational stuff and I'm going to have all the vanity metrics stuff.

00:27:44.228 --> 00:27:45.751
Okay, I want you to have both.

00:27:45.751 --> 00:27:47.945
And when you post about on social media, guess what I'm going to do?

00:27:47.945 --> 00:27:48.946
I'm going to reshare that.

00:27:48.946 --> 00:27:49.989
I'm going to put you on blast.

00:27:49.989 --> 00:27:51.912
I'm going to say, oh my goodness, look at physicists questioning.

00:27:51.912 --> 00:27:52.673
I'm going to do all that.

00:27:52.673 --> 00:27:56.739
I'm here for it, but I want to do that and also know your business is working.

00:27:56.739 --> 00:27:58.086
Your business is here to stay.

00:27:58.086 --> 00:27:59.489
It's helping so many people.

00:27:59.489 --> 00:28:03.699
It's all good, okay, rooting for you, always, always.

00:28:03.699 --> 00:28:04.688
So go, do this work.

00:28:04.688 --> 00:28:12.008
Remember to share your wins with me, share your ahas with me, share this podcast episode with someone else, and I'll see you on the next episode of the On Trendy.