Mike Chapman, an author, speaker and subject-matter expert for both healthcare and insurance matters. Listen as Mike talks about helping self-employed and small business owners take control of their health.
Famous Five:
- Favorite Book? – Approach
- What CEO do you follow? – N/A
- Favorite online tool? — Acuity
- Do you get 8 hours of sleep?— No
- If you could let your 20-year old self know one thing, what would it be? – “Make the leap—start a business earlier.”
Time Stamped Show Notes:
- 01:40 – Nathan introduces Mike to the show
- 02:10 – Why people should listen to Mike?
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- 02:25 – “There are so many basic things that people can do that will save money and provide better options for healthcare”
- 02:37 – Mike is a consultant for small businesses and individuals. He’s also a broker
- 03:13 – Total revenue in 2015 is under $ 1 million
- 03:38 – Sometimes, Mike will hire people, depending on the season
- 04:04 – Average annual net profit
- 04:45 – Mike has been in the business for 15 years
- 04:54 – First year revenue
- 05:20 – Mike is a marketing guy
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- 05:34 – Mike used to do SEO for insurance
- 06:13 – Goal for 2016 revenue
- 06:36 – How Mike gets paid
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- 07:01 – Mike gets paid directly from his recommendation
- 07:43 – Mike recommends Nathan alternatives for healthcare providers
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- 07:54 – Consider a small group plan or business plan
- 08:24 – A short term plan can get coverage for you
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- 08:50 – Why do you get penalize for not having health plan?
- 08:53 – Part of Obamacare
- 10:02 – Mike would get 3% - 6% per plan
- 10:47 – September expenses
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- 11:00 – Marketing expenses
- 11:30 – Mike had signed-up hundreds to thousands of people
- 11:40 – Mike is based in Texas
- 11:58 – Mike does speaking to increase his network
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- 12:03 – Email and web marketing
- 12:20 – Mike has about 6,000 subscribers
- 12:40 – Connect with Mike through his Facebook and website
- 14:50 – The Famous Five
3 Key Points:
- You can save money and have better healthcare—it just takes planning and discipline.
- Entrepreneurship is the avenue to fulfilment.
- You can hit two birds with one stone – maximize your resources and network.
Resources Mentioned:
- Toptal – Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal developers.
- Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
- Freshbooks – The site Nathan uses to manage his invoices and accounts.
- Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
- Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
- Assistant.to – The site Nathan uses to book meetings with one email.
- Facebook – Mike’s Facebook account
- TheMedicalInsuranceExchange.com – Mike’s website
- Show Notes provided by Mallard Creatives