Nihar Gala is the founder and CEO of Alpha Medical Care, which is a primary care medical practice based in Delaware with 4 different locations throughout the state. Nihar has medical knowledge which encompasses many different areas, with a specialty in addiction medicine and pain management. Nihar received his M.D. from Rutgers University in 2012. He has worked as a resident and physician for several other practices before launching his practice Alpha Care Medical in 2017.
Where did the idea for your career come from?
I was unhappy with my employer at the time and decided to create my own practice.
What does your typical day look like and how do you make it productive?
My typical day consists of virtual meetings with periodic site visits. Having a set routine with a schedule is key to being productive and efficient while multitasking.
How do you bring ideas to life?
I start by brain-storming feasible scenarios and identifying hurdles early on. Then, I develop an outline prior to “launching” the idea. The idea’s planning must be clearly communicated with everyone who is integral to it. Lastly once everything is in place, I launch the idea.
What’s one trend that excites you?
The strength of the real estate market.
What is one habit of yours that makes you more productive as an entrepreneur?
I enjoy multi-tasking.
What advice would you give your younger self?
Make time for yourself and take vacations.
Tell us something that’s true that almost nobody agrees with you on.
Working hard only to make a higher paycheck is going to keep you in the rat race forever.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
Meditate and control your emotions.
What is one strategy that has helped you grow your business?
When you are in the planning stage of your business (or planning on growing your business), think of all the possibilities fully first and then list the barriers and hurdles associated with each. Being disorganized during the planning phase can prevent you from being able to make careful and well-planned business decisions.
What is one failure you had as an entrepreneur, and how did you overcome it?
In 2018, I purchased several expensive radiology equipment for a medical practice I owned at that time without doing the due diligence required for providing radiology services in an outpatient setting. I underestimated the start-up costs and ended up not moving forward with the project yet owning several expensive pieces of equipment. After 3 years, I sold off the equipment and ate the loss.
What is one business idea that you’re willing to give away to our readers?
Open an e-commerce site for smart home products that are drop-shipped.
What is the best $100 you recently spent? What and why?
I went to a Jordan Peterson event in Philadelphia with my brother-in-law. It was good personal time outside of my usual environment.
What is one piece of software or a web service that helps you be productive?
Mint.com (or any other accounting software). You need to view your balance sheet and profit and loss statements. You need to identify what your assets and liabilities are and develop a plan to grow your assets.
What is the one book that you recommend our community should read and why?
Rich Dad Poor Dad by Robert Kiyosaki because it explains in simple terms the importance of the financial sheets.
What is your favorite quote?
“Whether you think you can or think you can’t, you’re right.” Henry Ford
- Organization and emotional intelligence are crucial when planning for business decisions.
- Understanding financial documents will allow you to clearly see what your assets are and what your liabilities are. You want to spend your time and energy increasing your assets.
- You need to make time for yourself.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.