3.6: The Entrepreneur

Blog ID
107
Description
Today, we're going to talk about how to be an Entrepreneur while being a physician.
Categories
Courses
Digital Health
Slug
the_entrepreneur
Featured
Featured
Ready to Publish
Ready to Publish
Author
Junaid Kalia MD
Publish on
Mar 1, 2022
Status
Hide Page Cover
Hide Page Cover
Duration
3 min. read
Canonical
https://blog.aineurocare.com/3-6-the-entrepreneur-49f9a73fb220?postPublishedType=initial
Title Text
URL
https://junaidkalia.com/posts/the_entrepreneur
Project
Medium Date
03/11/2022
Blog Note
- Do we need to update this? Broken links: - Course not available anymore - https://www.edx.org/micromasters/USMx-UMD-MBA-Core-Curriculum?index=product
ID YT
Substack Link
Video preview
 
notion image
 

Defining Entrepreneurship


"one who organizes, manages and assumes the risk of a business or enterprise" - Merriam-Webster

Forbes - George Deeb - Defines it

  • A risk taker
  • A visionary
  • A leader
  • A pitbull
  • A superhero
 
 

Entrepreneurship Is


 
  • It Hard
  • It requires Grit
  • (Patience, Perseverance, passion)
  • It is a Mind Set
  • From problem seeker to problem solver
  • Skill set to set of skills
  • From security to uncertainty
 

It requires > Grit


💡
ONE thing to be Successful Entrepreneur - Grit
Grit is relentless pursuit of your passion with patience
 

The Entrepreneurial Age


 
notion image
 
notion image
 

Entrepreneurship in any Industry is Challenging


💡
Healthcare brings its own set of challenges
  1. Reward not attached to Outcome but reimbursement
  1. Lack of training of Entrepreneurship
  1. Lack of multiple skills needed
  1. Lack of Networking
  1. Lack of culture of sharing
  1. Medical Training is increasingly specialized and take longer
 
 
Healthcare differs from any other industry where price and demand is dictated by value, quality and performance. Healthcare is driven by reimbursement often set by government regulation
E.g. Telehealth has been around for years the pandemic exploded it because of legislative leniency. In short people started getting paid for there services because of change in policy.
 
 
 

Medical Training


Increasingly Specialized
Time to enter workforce is increasingly getting longer
 

Do not waste time on an MBA


 

Better to consider short on-demand online courses


MicroMasters® Program in Healthcare Administration

MicroMasters® Program in MBA Core Curriculum

 
 
 

Stages in Digital Health Entrepreneurship


  • Stage 1: Industry and market analysis
  • Stage 2: Opportunity identification and assessment
  • Stage 3: Crafting a solution and demonstrating technical, commercial and clinical validation and verification
  • Stage 4: Deployment
  • Stage 5: Dissemination and implantation, promoting the diffusion of innovation across the various customer segments such that it becomes the standard of care
  • Stage 6: Marketing and post-market surveillance
  • Stage 7: Continuous quality improvement and product development
 

Advice To A Medical Student Entrepreneur


  1. Internship with a startup
  1. Network, network, network (esp LinkedIn)
  1. Free MOOCs
  1. Identify yourself as open for Innovation
  1. Talk to leaders and learn there history in entrepreneurhsip
  1. "Factor in your entrepreneurial career objectives when it comes time to choose a specialty"
  1. Be tactful - Not Loud - Make sure
 
 

How To Pick A Residency If You Are Interested In Entrepreneurship


  1. Innovation ecosystem
  1. Physician champions and entrepreneurs?
  1. Access to entrepreneur mentors?
  1. Time
  1. Intellectual Property
  1. Seed Funding
  1. Non-clinical jobs
 
 

US Cities with most Entrepreneurs


notion image
 

The 10 Paradoxes of Entrepreneurship


This is a must read!
This is a must read!
 
 

The role will evolve consistent and constantly

 
notion image
 

Find your path with passion, patience and perseverance!

You might also like

3.1 - Clinical Life is a Spectrum

3.1 - Clinical Life is a Spectrum

Let’s understand what clinical life is as a spectrum, why is it not a static thing but an actual career, and the life changes that comes with it.

3.0 - Clinician Work Spectrum - Module 3 Introduction

3.0 - Clinician Work Spectrum - Module 3 Introduction

We're glad to start at module number three which is going to be mainly about work type mix, how clinicians can have a work that has a spectrum in it.

Description
Page Type
Custom
Slug
cta
Link
Link Type
Order
Category
Placement
Hide
Hide
Button Style
Hide Page Cover
Hide Page Cover
Do not index
Do not index
Language
Supported by: IHIE and its Generous Sponsors!
Supported by: IHIE and its Generous Sponsors!

Institute of Health Innovation & Education (IHIE)

Transforming Care & Education for the Digital Age!
Digital Education Ecosystem as a Service for Digital Healthcare!
https://instituteofhealthinnovation.com
"If anyone saved a life, it would be as if he saved the life of all mankind"
"If anyone saved a life, it would be as if he saved the life of all mankind"
An AINeuroCare Academy Project - Digital Education for Digital Healthcare!

💡 Learn! 🎥 YouTube 🎓 Academy 💌 Newsletter 📝 Blog
👨‍⚕️ Connect! 🕊️ Twitter 🖇️  Linkedin 📹  TikTok 📷 Instagram 🗣 Facebook
🌱 Living 📚 Pocketbook of 🧠 Neurology
🌱 Living 📚 Pocketbook of 🧠 Neurology
Applied, Concise, Practical, Up-to-date, Mobile-friendly, peer-reviewed & Open-Access Pocketbook of Neurology and related clinical specialties

Disclaimer: For Education purposes only. You must NOT rely on the information on this website as an alternative to medical advice from your healthcare provider

©️ 2022 NeuroCare.AI™ Inc. and/or its affiliates. All Rights Reserved