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Mike Gaspar

Mike Gaspar · ontario

Mike Gaspar

Episode

Mike Gaspar is Co-Founder and COO of HealthCasa Ltd., which connects orthotic and podiatry practitioners with people that require...

Key takeaways

  • Don't pretend you know everything as an entrepreneur and build strong relationships with your lawyer and accountant as they will be essential partners in your business journey.
  • Validate your business idea with your own resources first before seeking external funding, then use investment strategically to scale through education and targeted growth rather than broad marketing.
  • Take care of your physical and mental health early in your entrepreneurial journey through meditation and exercise, because you cannot effectively take care of others or your business if you neglect yourself.
  • Being unapologetically true to yourself is more valuable than creating a facade, as it's better to have people appreciate the real you than a false version.
  • Focus on creating genuine value and building a high referral rate as the most important metric for measuring business success, rather than chasing vanity metrics.

Transcript

Full transcript page · Interactive episode

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TRANSCRIPTION WITH SPEAKERS
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[00:00] SPEAKER_01: It's Toronto's podcast on the Canada's podcast network.
[00:04] SPEAKER_01: Hi, I'm Sleen Williams, International Speaker of Business Strategist and co-host of the Ontario
[00:09] SPEAKER_01: podcast on Canada's podcast network. And I'm here at the collision conference in Toronto
[00:14] SPEAKER_01: with Mike Gaspar, who's the COO and co-founder of Health Casa and is going to have a conversation
[00:21] SPEAKER_01: with me about the business and what you're up to in the world. So thank you for being here.
[00:26] SPEAKER_00: Thank you for having me. Pretty excited to be here.
[00:28] SPEAKER_01: I am excited to have this conversation. So tell me a little bit about Health Casa and your
[00:32] SPEAKER_00: journey to get to where you are now. Because a little bit of backstory, I'm married to
[00:37] SPEAKER_00: caropidists, so for those of you who don't know what it is, essentially a Canadian train
[00:42] SPEAKER_00: podiatrist without getting into the minutiae. I also owned a chain of, a small chain of foot clinics
[00:47] SPEAKER_00: in the greater Toronto area as well as a orthotic manufacturing facility. So between my experience
[00:52] SPEAKER_00: and my wife's experience, I really know the industry. And sadly it's pretty broken and that's
[00:57] SPEAKER_00: extended to the Allied Healthcare Industry in general. And I'm not good with inefficiency. I saw a
[01:02] SPEAKER_00: way to fix it for everyone. You know, that's what we're doing. Amazing. So what does Health Casa do?
[01:09] SPEAKER_00: Tech-enabled healthcare platform, delivering orthotics and podiatry services to patients at home
[01:14] SPEAKER_01: or work. You saw your first patient a year ago, May of 2018, is that right? How has it been going
[01:19] SPEAKER_00: over the past year? It's been going great. A month over month is growing. We're busier, but what's
[01:25] SPEAKER_00: more important to us is the patient experience is so good that we have a very high referral rate,
[01:31] SPEAKER_00: which is the best metric in my opinion to measure success. That's fantastic. To bring Health Casa to
[01:38] SPEAKER_01: market, was it self-funded? Did you get outside investment? There's, you know, entrepreneurs are
[01:42] SPEAKER_01: always having this debate, so I love to ask a question like this. Self-funded until now? Yeah.
[01:47] SPEAKER_00: We are about to go to market for our seed round, turn on the marketing machine, and pour some gas
[01:52] SPEAKER_01: on the fire. But it's smart. You validated the idea. You got it out to market, and now it's the
[01:56] SPEAKER_01: ability to, if we want to scale this in a particular way, that external funding lets you do that.
[02:02] SPEAKER_00: Yeah, and we want to do that by way of education, not just as all over the place. I don't need to paint
[02:07] SPEAKER_00: the street car or subway train. I want to teach people the preventative value of proper
[02:14] SPEAKER_01: you are born and raised in Toronto. Is that correct? I am. So as someone who has run multiple
[02:20] SPEAKER_01: businesses here, right, because you were an entrepreneur before, this isn't your first dip in the pool.
[02:26] SPEAKER_01: That's not. What do you find are the benefits of running a business in Toronto, and also the
[02:32] SPEAKER_00: challenges of running a business in Toronto? Toronto is the biggest city in Canada, so it's an
[02:36] SPEAKER_00: obvious one. We don't really touch on that. There's more people here to sell to, to use my service.
[02:42] SPEAKER_00: The tech scene is, I mean, we're sitting here at Collision in Toronto, and they want to make it almost
[02:48] SPEAKER_00: three times bigger next year. You can look at that like the international tech scene as a stamp of
[02:53] SPEAKER_00: approval for Toronto, as a city, as a work environment, as a startup environment. Yeah, challenges,
[03:03] SPEAKER_00: there's a lot of people out there doing a lot of stuff. So you're always competing for people's
[03:08] SPEAKER_00: attention, be it for ads, for facetime, for money. That's probably the biggest challenge, I guess.
[03:15] SPEAKER_01: Yeah, that's fair. And traffic. That is probably the most honest response from a Torontoan I've had
[03:23] SPEAKER_01: yet, because they didn't say that they're lying. I agree. But that would probably be my number one
[03:28] SPEAKER_01: is traffic, for sure. Do you have a place you go or a thing you do to disconnect and get into that
[03:33] SPEAKER_01: space of being able to have some perspective and thinking, because it's not always easy in a city
[03:38] SPEAKER_00: like this. Work life balance when in the early stages of a startup, it doesn't exist. So I used to
[03:47] SPEAKER_00: do CrossFit a lot. I don't do that right now, but that was my temple. Try to play a little guitar,
[03:56] SPEAKER_00: don't do that enough. Used to run, don't do that enough. Meditate, don't do that enough. So I know
[04:02] SPEAKER_00: what I should be doing, but I don't do it. Yeah, that's fair. But I guess those are my go-to.
[04:06] SPEAKER_00: Spent time with my kids, actually. My kids and my wife, nothing else matters, you know.
[04:13] SPEAKER_01: So that's actually number one. Well, and I would imagine that when you're running a startup and you're
[04:19] SPEAKER_01: going to market and validating and all that stuff and you have a family, that it really becomes,
[04:24] SPEAKER_01: do I need to play guitar or do CrossFit or is my time that I'm not working, which could be all the
[04:30] SPEAKER_01: time better spent with with my kids and my wife. And that's exactly what's happened. That's why I've
[04:35] SPEAKER_00: cut back on everything else because that's probably number one. I'm not your dude for myself, it's for
[04:39] SPEAKER_00: them. I want something for them. I want them to say, hey, my daddy started health cast. Here's
[04:45] SPEAKER_00: what they do. They're helping people. Yeah. And they do say that, actually. So it's kind of cute.
[04:49] SPEAKER_01: Yeah. I do too many spokespeople. That's perfect. There's a legacy in there, right? Like,
[04:54] SPEAKER_01: a legacy is important for a lot of people and it's not a bad thing if that's part of the driver.
[04:59] SPEAKER_00: Right. Not an egotistical way, but in a very genuine way. Absolutely. I want to leave my mark.
[05:03] SPEAKER_00: We're not around here forever and I'd like to put some good into the world.
[05:08] SPEAKER_01: I just can't. Klee Shea is that sounds. I don't think it's Klee Shea at all. I think it's a really
[05:12] SPEAKER_01: great thing to be aware of. What has been some of the best advice that you've been given?
[05:18] SPEAKER_00: Don't pretend like you know everything. Amen. Yeah. Don't think that you have to know everything. You
[05:25] SPEAKER_00: know, you're two of your best friends when owning a company are going to be your lawyer and your
[05:30] SPEAKER_00: accountant. I'm not a lawyer in a accountant. And if I try to be, I'll guarantee you to make a huge
[05:34] SPEAKER_00: mess. Yeah. I'm not of those people. So be able to delegate and be okay with that. Just be
[05:40] SPEAKER_00: careful who you delegate to. Sure. You know, and they'd be a good person first and know what they're
[05:45] SPEAKER_01: doing. Prior to being a first-time entrepreneur, is there any advice you'd give that person
[05:50] SPEAKER_01: of yourself now knowing what you know now? Start meditating earlier. Keep working out. Yeah.
[05:59] SPEAKER_00: Because your health suffers mental and physical and we take our health for granted. I think,
[06:05] SPEAKER_00: especially when we're younger, you hear all the jokes. I just turn 30, I just turn 40, whatever.
[06:10] SPEAKER_00: And I'm really feeling it now. I'm really feeling my knees walking around the show like
[06:14] SPEAKER_00: you're at all the time. Obviously my feet feel great. Right. A little bit of a plug for it.
[06:21] SPEAKER_00: Right. Because of health, Casla. That's right. You don't take care of yourself. You can't take care
[06:25] SPEAKER_00: of others. Yeah. They teach you that when you're learning to be a lifeguard or swim instructor.
[06:29] SPEAKER_00: Like you approach someone, they try to pull you down. You're both around. Right. It's not selfish.
[06:33] SPEAKER_01: Take care of yourself first. And we often get into that. I don't want to be selfish. And it's not.
[06:38] SPEAKER_00: Yeah, I mean, it's also there's also definitely a Canadian element in there. We're
[06:42] SPEAKER_00: running around saying sorry. All the time. If you're taking care of yourself and only yourself,
[06:47] SPEAKER_00: then yeah, you're selfish. Sure. You're taking care of yourself. So your better position,
[06:51] SPEAKER_00: take care of other people, you're a good person. Slightly more personal question. But what are the
[06:56] SPEAKER_01: top two or three things on your bucket list right now? You're like, these are the next couple things
[07:00] SPEAKER_01: I really want to do. Business or not. I mean, it can be personal things. Definitely want to go
[07:04] SPEAKER_00: skydiving. No, I love that. Although with every year that passes, I'm scared of it more and more,
[07:10] SPEAKER_00: but I'm really passionate about what we're doing and it sounds like super rehearsed. But I feel like
[07:16] SPEAKER_00: if we can get more people paying attention to their health and make it convenient and we can
[07:22] SPEAKER_00: also get the government to somehow help adopt different modes of access to health care,
[07:30] SPEAKER_00: then we'll be a healthier country. We'll be healthier society. And if I can play a role in that
[07:36] SPEAKER_00: somehow, that's huge. Like, I die a happy man. It'd be cool to meet some interesting guitarists.
[07:43] SPEAKER_00: Like, there you go. I said, I play guitar. My wife T is a mech says, I have a man crush on Dave
[07:47] SPEAKER_01: Grohl. Dave, if you watch this, if you were doing what you do now for work, what would you be doing
[07:54] SPEAKER_00: instead? I don't know specifically, but probably something in health care or something that helps
[08:00] SPEAKER_00: people use their time more efficiently to access X, but it would be for myself. It's hard to work for
[08:06] SPEAKER_00: other people when you walk into their plan. Sometimes there's some clashing. What book are you
[08:15] SPEAKER_01: currently reading? And do you have any books that you would recommend for our listeners and our
[08:19] SPEAKER_00: audience? I always have several books on the go. A really good book that I read, not business-related.
[08:26] SPEAKER_00: Sure. It's called Red Notice. So good. Yeah, like, I miss my train, my subway stops so many times
[08:33] SPEAKER_00: because I was just sitting there frantically reading because I needed to know. Michael Pollan had
[08:37] SPEAKER_00: to change your mind. Yeah. I don't think that's it without having to pull up my phone. Those are good.
[08:41] SPEAKER_01: If you had to pick one word to describe yourself, what would it be and why? With every passing year,
[08:46] SPEAKER_00: I try to be even more unapologetically true to myself because I'd rather someone not like me
[08:54] SPEAKER_00: for me as opposed to liking some sort of facade. Yeah. What is keeping you up at night these days?
[09:00] SPEAKER_00: Work. The Raptors recently? Oh yeah. I don't know. Just, I find being an entrepreneur, your brain never
[09:07] SPEAKER_00: stops. So that. Yeah. Thinking about everything. I'm watching TV and I've put my phone down. You know
[09:15] SPEAKER_00: what happened. People call your phone to do one thing. And you know, you're checking your LinkedIn,
[09:19] SPEAKER_00: your your responding to emails, you're checking your Google Analytics and a collision app. And
[09:26] SPEAKER_00: and there you go. There's next couple hours and it's almost time to wake up. Yeah, I appreciate that.
[09:30] SPEAKER_01: I don't. What is your favorite place to travel to and why? It's a toss up. I've been to
[09:37] SPEAKER_00: Whistler a few times with the family. Yeah. And it's not specific with Whistler's beautiful. So
[09:42] SPEAKER_00: I guess I'll say a ski vacation. Yeah. Because you're active, you're outside. It's family time.
[09:47] SPEAKER_00: So I guess going back to the previous question, like it's that's fun. I went to Thailand for my
[09:54] SPEAKER_00: honeymoon. So special place in my heart there. It's a beautiful place and I'd recommend everyone
[09:58] SPEAKER_01: check it out. So the last question I have for you, which is a little bit more fun. We take you to
[10:03] SPEAKER_01: a remote island, the middle of the ocean. There's one phone booth on it. No technology, no why, fine,
[10:08] SPEAKER_01: or nothing. You get one phone call for that phone booth. How long do you last before making
[10:13] SPEAKER_01: you call to get off the island? And what do you do until that point? Fine food and swim.
[10:19] SPEAKER_00: I love swimming in natural water. So that wouldn't be the worst thing. It depends how long I was
[10:24] SPEAKER_00: there. I don't know how long. I feel like I might call right away then then gauge my actions
[10:28] SPEAKER_00: accordingly or just my actions accordingly. There's probably no bar. So does it change if you can
[10:34] SPEAKER_01: bring your own your own booths? If there's a bar you're like, oh, I got a week now. It would be a
[10:39] SPEAKER_00: different atmosphere that you for sure. If you had bottled tequila and the beach, you might
[10:45] SPEAKER_00: not want to talk to people, just chill there. So Mike, where can our audience find you online?
[10:49] SPEAKER_00: Where can they connect with you? Healthcasa.com. All your favorite social networks, LinkedIn,
[10:55] SPEAKER_01: email us. I'm all over the place. And it's healthcasas consistently on all of them.
[11:00] SPEAKER_00: Instagram is health.casa. Got it. Still trying to get healthcasas. The other ones are just healthcasas.
[11:06] SPEAKER_01: Thank you so much for sitting and chatting with me, Mike. I really appreciate it. This is a lot of
[11:11] SPEAKER_01: fun. And to our audience, thank you for listening and for tuning in. I invite you to join us at www.canada's
[11:20] SPEAKER_01: podcast.com where you can listen, discover and engage.