1) The document discusses the differences between a business and a practice, noting that a business can operate without the owner while a practice relies on the owner/practitioner's personality and expertise. 2) It provides tips for building a successful practice, including becoming an expert in a niche, publishing books to establish expertise, embracing social media marketing, outsourcing non-essential tasks, and focusing on high-paying clients in one's area of specialty. 3) The author advocates working less but charging more as an expert practitioner, taking frequent holidays, and making one's practice a passion-driven lifestyle rather than just a job.