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Ep 155: How Acquiring a Business Could Unlock Your Next Level of Wealth with Dr. Chiagozie Fawole Part 2
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Dr. Chiagozie Fawole is a pediatric anesthesiologist and serial entrepreneur passionate about helping physicians and other high-earning professionals build wealth outside of their clinical careers.
Dr. Fawole began her entrepreneurial journey during residency, where she successfully closed her first two real estate deals. She built a portfolio of multifamily apartments, pivoted to luxury short-term rentals during the pandemic, and is currently focused on acquiring local businesses from retiring owners.
Through her SavvyDocs platform, Dr. Fawole empowers fellow doctors to create solid alternate income streams through strategic real estate and business acquisitions. With virtual and in-person events, she connects medical professionals with experts and resources that help them navigate the intricacies of different wealth-building ventures .
Combining her firsthand experience as both a practicing physician and successful business owner, Dr. Fawole provides practical, actionable guidance for busy healthcare providers looking to achieve financial independence beyond clinical practice.
She is based in the suburbs of Syracuse, NY, where she lives with her husband and three girls.
Some of the topics we discussed were:
- 5 specific criteria for filtering the businesses you buy
- Not buying businesses with less than a million dollars in revenue
- Focusing on businesses with a profit of $750,000 or more
- Looking at businesses with 10 employees or more
- Focusing on businesses that have been around for 10 years or more
- Ensuring someone will operate the business after the sale
- Transferrable skills of physicians that broadly apply to different industries
- Industries not to look into buying and why
- Who is best to buy businesses from
- How to make an acquired business thrive
- How to smoothen the transition of employees
- Types of businesses Dr. Fawole has bought
- Buying a medical practice from a retiring physician for 0% down
And more!
Learn more about me or schedule a FREE coaching call
Join the Voices of Women Physicians Facebook Group
Connect with Dr. Fawole:
To attend the Business Acquisition Bootcamp
To get a free worksheet for 5 things to look for in a business to acquire
To see her AI Receptionist in action
More Episodes with Dr. Chiagozie Fawole:
Ep 154: How Acquiring a Business Could Unlock Your Next Level of Wealth with Dr. Chiagozie Fawole Part 1
Ep 23: Profiting From Real Estate Without Owning It with Dr. Chiagozie Fawole
Ep 4: Running a Profitable AirBnB While Long Distance with Dr. Chiagozie Fawole
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