#243: Tactical Tuesday: Traveling Down the Path of Progression as an Entrepreneur

<p><strong>OVERVIEW:</strong></p> <p><span style="font-weight: 400;">Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the</span> <em><span style= "font-weight: 400;">Healthcare Entrepreneur Academy</span></em> <span style="font-weight: 400;">podcast, talks about the progression of an entrepreneur and how to position yourself to continue down the path of success. For entrepreneurs to scale up their businesses, they have to learn how to gain leverage, understand leverage, and utilize it to their benefit. </span></p> <p> </p> <p><strong>EPISODE HIGHLIGHTS</strong></p> <ul> <li><span style="font-weight: 400;">Jason watched a YouTube video and learned that to grow, you need to learn how to utilize leverage. </span></li> <li><span style="font-weight: 400;">Leverage has four components: labor, capital, digital media, and code.</span></li> <li><span style="font-weight: 400;">Labor - you have to ask and motivate employees. Collaboration with a team is necessary to create a product or service and ensure successful delivery to customers.  </span></li> <li><span style="font-weight: 400;">Capital - a business cannot run without capital. Use capital to leverage marketing and have your system down pat by knowing how much to invest and what the ROI is. </span></li> <li><span style="font-weight: 400;">Digital media - you don’t have to pay a cost to replicate content and this includes licensing. </span></li> <li><span style="font-weight: 400;">Code - code can do the work of labor with fewer mistakes, fewer costs, and less downtime. </span></li> <li><span style="font-weight: 400;">Think of this as a pyramid. Labor is at the bottom. Move out of the position of making money for someone else and make money for yourself. Start your progression by stepping out of the W-2 job and becoming a 1099. </span></li> <li><span style="font-weight: 400;">Next in the progression is to become a business owner. Leverage team skills and time. </span></li> <li><span style="font-weight: 400;">After this, start to create content and fo