The PEA-SimpliMD Digest: This Week in Micro-Business l April 26th, 2025

📬 The PEA-SimpliMD Digest: This Week in Micro-Business l April 26th, 2025

🗓️ This Week’s Highlights

🟦 Monday: The Good and the Bad of Hiring a Nanny for a Doctor’s Household

👀 A personal story about childcare choices and their long-term impact on physician life. Summary: I shared my real-life experience as a widowed rural doc raising two young kids and choosing my parents over hiring a nanny. While it was loving, the emotional ripples lasted decades and made it harder to form a new family.

🔗 Read the full story

🟦 Wednesday: 7 Mistakes Physicians Make When Hiring a Financial Advisor

💸 Hiring a financial advisor? Read this first. Summary: Many doctors overpay or get poor advice from generalist financial advisors. Learn how to avoid commission traps, check credentials, and ensure your advisor truly works for you—not the product they’re selling.

🔗 Read the full post

🟦 Friday: Doctor Side Gig? How to Choose Between a PLLC, PC, or LLC

🏢 Entity structure is everything—don’t guess your way through it. Summary: If you're launching a side gig, telehealth job, or cash-pay practice, knowing the difference between PLLCs, PCs, and LLCs can protect your assets and reduce your tax burden.

🔗 Read the guide

🧰 Top Tool of the Week

📊 The Side Hustle Tax Deduction Cheat Sheet

If you're running 1099 side gigs, this checklist is gold. You’ll learn which common expenses are deductible and how to track them. Great for new micro-corp owners looking to keep more of what they earn.

📥 Download Now → Included in your PEA Builder Membership

🤝 Affiliate Highlight

💼 Contract Diagnostics: Compensation Rx & Contract Review Services

Before you sign a new gig, make sure it’s fair market value and legally airtight. Contract Diagnostics offers two powerful services every independent doctor should consider:

1. ✅ Compensation Rx: Know if your rate is fair for your role and region.

2. ✅ Contract Review & Negotiation: A full review of your agreement with physician-focused negotiation support.

💡 These services are affordable, quick, and trusted by thousands of physicians.

🗓️ Upcoming Offers & Events

🎥 PEA Business Formation Bundle

Looking to finally launch your micro-corporation? Our Business Formation Bundle includes a step-by-step guide, legal templates, and access to business coaching.

🎯 Ideal for physicians starting a new 1099 role or cash-pay practice.

🔓 Get the Bundle →

🚀 Have You Joined PEA Yet?

Thousands of clinicians are unlocking financial freedom and professional autonomy with PEA’s three powerful membership levels:

👣 PEA Explorer ($99/year)

Get core access to free downloads, tools, and our private community.

🔨 PEA Builder ($499/year)

Includes all Explorer benefits + our Side Hustle Starter Kit, business templates, and tax resources.

💼 PEA Pro ($999/year)

Perfect for launching your full micro-business. Includes:

• 4-pack Business Coaching

• Full Access to Courses

• Business Plan Bundle

• Exclusive Discounts and More

🔥 Become a Member Today →