3.6: The Entrepreneur

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

• Deeb G. What Is An Entrepreneur? The Ultimate Definition. Forbes [Internet]. 2015 Nov 19 [cited 2022 Jan 24]; Available from: https://www.forbes.com/sites/georgedeeb/2015/11/19/what-is-an-entrepreneur-the-ultimate-definition/?sh=159e24bb7957 ‌

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

The Entrepreneurial Age

Startup cities in the entrepreneurial age | Dealroom.co

Global venture capital is crushing records in 2021. Over €264bn has been invested in the first six months of the year, two unicorns have been created every day in 2021, 170 cities around the world now home to at least one unicorn, and Europe is the fastest growing region for VC investment.

https://dealroom.co/reports/startup-cities-in-the-entrepreneurial-age

Entrepreneurship in any Industry is Challenging

1. Reward not attached to Outcome but reimbursement

2. Lack of training of Entrepreneurship

3. Lack of multiple skills needed

4. Lack of Networking

5. Lack of culture of sharing

6. Medical Training is increasingly specialized and take longer

Medical Training

Do not waste time on an MBA

The Personal MBA: Master the Art of Business

The Personal MBA: Master the Art of Business

The Personal MBA: Master the Art of Business - Kindle edition by Kaufman, Josh. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading The Personal MBA: Master the Art of Business.

https://www.amazon.com/Personal-MBA-Master-Art-Business-ebook/dp/B0046ECJ8M/ref=sr_1_4?dchild=1&keywords=MBA&qid=1622034935&s=books&sr=1-4

Better to consider short on-demand online courses

MicroMasters® Program in Healthcare Administration

Healthcare Administration MicroMasters® Program

How to use management and leadership frameworks, theories, and case studies to address complex issues for healthcare professionals in healthcare organizations. Evidence-based methods for planning, organizing, leading, and advocating for patients, families and communities in the public health sector.

https://www.edx.org/micromasters/doanex-healthcare-administration

MicroMasters® Program in MBA Core Curriculum

MBA Core Curriculum MicroMasters® Program

Devise the right marketing strategy for your idea or firm Use the vast information available in the world today to gain insight, create a competitive edge, and avoid being tomorrow's data breach headline Evaluate corporate investment opportunities to drive shareholder value Use the language of business to communicate financial information

https://www.edx.org/micromasters/USMx-UMD-MBA-Core-Curriculum?index=product&queryID=6b5113d1e071ea4fd28e7427f25b3488&position=1

Digital Health Entrepreneurship (Health Informatics)

Digital Health Entrepreneurship (Health Informatics)

Digital Health Entrepreneurship (Health Informatics): 9783030127183: Medicine & Health Science Books @ Amazon.com

https://www.amazon.com/Digital-Health-Entrepreneurship-Informatics/dp/3030127184

Arlen Meyers, MD, MBA

Arlen Meyers, MD, MBA - Senior Medical Advisor - RYTE Telemedicine | LinkedIn

I'm a professor emeritus of otolaryngology, dentistry, and engineering at the University of Colorado School of Medicine and the Colorado School of Public Health and President and CEO of the Society of Physician Entrepreneurs at www.sopenet.org . I have created several medical device and digital health companies. Most of them failed.

https://www.linkedin.com/in/ameyers/

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

2. Network, network, network (esp LinkedIn)

3. Free MOOCs

4. Identify yourself as open for Innovation

5. Talk to leaders and learn there history in entrepreneurhsip

6. "Factor in your entrepreneurial career objectives when it comes time to choose a specialty"

7. Be tactful - Not Loud - Make sure

Advice to a medical student entrepreneur

Dear Susan, Congratulations on your recent graduation from college. I'm sure you are thrilled to start medical school in August and are looking forward to taking a break this summer.

https://www.linkedin.com/pulse/advice-medical-student-entrepreneur-arlen-meyers-md-mba/

Introduction to entrepreneurship for medical students

Innovation and entrepreneurship education and training is gradually appearing as part of medical school curriculum reform intended to graduate 21st Century doctors who can win the 4th industrial revolution. The offerings include workshops, seminars, elective or required courses, certificates and deg

https://www.linkedin.com/pulse/introduction-entrepreneurship-medical-students-arlen-meyers-md-mba/?trackingId=vqMA1gkgv5c1J6yZbqhJWw%3D%3D

How To Pick A Residency If You Are Interested In Entrepreneurship

1. Innovation ecosystem

2. Physician champions and entrepreneurs?

3. Access to entrepreneur mentors?

4. Time

5. Intellectual Property

6. Seed Funding

7. Non-clinical jobs

How to pick a residency if you are interested in entrepreneurship

Applying for and being accepted to a residency after medical school is a complex, important decision. There are several factors to consider including the reputation of the place, the length of residency training for a given specialty,the likelihood you will be accepted, the culture, whether it is a

https://www.linkedin.com/pulse/how-pick-residency-you-interested-entrepreneurship-meyers-md-mba/

US Cities with most Entrepreneurs

Entrepreneurs thrive in these 10 U.S. cities -- and 9 aren't Silicon Valley

Soon after graduating from Stanford Business School in 2015, entrepreneur Rachel Carlson decided to base an education startup in Denver, where she grew up. Her California advisers were flabbergasted.

https://www.linkedin.com/pulse/entrepreneurs-thrive-10-us-metros-9-arent-silicon-valley-anders/

The 10 Paradoxes of Entrepreneurship

This is a must read!

The 10 Paradoxes of Entrepreneurship - Forte Labs

1. Entrepreneurship is hard because it requires someone with a strong command of reason, who is at the same time thoroughly unreasonable You have to be smart to be an entrepreneur, obviously. Modern businesses are complex, and you have to be able to reason effectively if you're even going to understand how they function.

https://fortelabs.co/blog/the-10-paradoxes-of-entrepreneurship/

The role will evolve consistent and constantly

Find your path with passion, patience and perseverance!