COVID has changed the world, and, with it, the future of physician entrepreneurship. Previous assumptions are no longer valid. Each and every element of business models and the innovation pathway has shifted. Nevertheless, there is some good news: Entrepreneurs are fighters, optimistic and resilient. They will overcome this difficult period because this is in their DNA to bounce back. Every crisis is not limitless, and the end entrepreneurs can always undertake something. A basic reminder: a company needs 3 assets to be profitable and sustainable: Money (access to capital) A know-how or a specific expertise A team (people) Creating and building those pieces in a post-COVID world will be characterized… もっと読む »
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How to speak to a narcissistic entrepreneur
Imagine you are at a cocktail party and, inevitably, at least in the US, one of the first questions will be, “So, what do you do?” NB: Do not ask this as the first question when in Europe or Asia. The answer: “I’m a physician entrepreneur”. Now what? Consider it an exercise in cultural competence with a dose of psychology thrown in too. Here are some things you should know about narcissistic personality disorder. Do you know or work with someone like this? The “key negative traits” of a narcissist in a work setting They demonstrate a clear lack of empathy for how others feel or what they need. They often… もっと読む »
Advice on giving advice
One way to put a toe in the water of physician entrepreneurship is to become an advisor to a startup founder or client or simply someone who wants your opinion. However, being an advisor that creates value means you have to deliver the 7Ms. You will have to deliver the value that startup CEOs are looking for: money, marketing, making something, management, manpower, mentors, monitoring the environment and mergers and acquisitions. The same is true if someone asks you to be their mentor. The problem is often that people don’t know how to find a mentor, be a mentor or establish a relationship. The following eight steps can help. When you get that… もっと読む »
Cabled not Disabled
COVID has been particularly cruel to segments of the population, including minorities, nursing home residents and the disabled. As the COVID-19 pandemic continues to spread across the globe, young people with disabilities are facing unique challenges. The threat of contracting the virus has led to schools and businesses closing, citizens being told to stay home and shelter in place and hospitals being overrun. Emerging research on COVID-19 shows that the coronavirus pandemic has increased psychological distress both in the general population and among high-risk groups. Behaviors such as physical distancing, as well as their social and economic impacts, are worsening mental health consequences. Research on the psychological impact of mass trauma… もっと読む »
How to Create Medical Student Entrepreneurs
Biomedical and clinical innovation and entrepreneurship has begun to take its rightful place along side anatomy, biochemistry and clinical medicine in medical school. The process has been slow, but we are seeing the evidence of medical student engagement and interest. Here are 10 ways to stimulate medical student interest and achievement in bioentrepreneurship: 1. Create bioentrepreneurship programs that are convenient, affordable and fit into the workflow of medical students and their curriculum. 2. Train the trainers by educating and training basic science and clinical faculty 3. Use education models that are familiar, like Innovation Grand Rounds, Company Clinicopathologic Conferences and “see one, do one, teach one” strategies, emphasizing experiential learning under… もっと読む »
Battling Imposter Syndrome
By Sanjana Vig MD, MBA So, what is imposter syndrome? Imposter syndrome is this idea that we do not belong in our jobs, or that our successes are not a result of our abilities, but rather just luck. It’s a level of self doubt that has us believing that we are not good enough, that others will think that we are frauds. If you’ve ever dealt with these feelings: you are not alone. Imposter syndrome is common place amongst those in high powered careers. Speaking as a female, I’ve seen this in all of my female colleagues at one point or another. I’m sure part of the issue is that, as women,… もっと読む »
10 Lessons From My First Year As a Female Attending Physician
By Sanjana Vig MD, MBA Below is a list of some of the major topics that continually come up in conversations I have with fellow female attending physicians and friends. While my experiences, and these lessons, are limited to the medical field, I think many of these issues affect women in all industries. (This post is a compilation of contributions from several female physicians friends, all speaking from their own experiences. You guys know who you are. Thank you all for your help and support! ) Lesson 1. Change is Slow This is something I figured I’d have to deal with, but not to the extent that I have. Part of… もっと読む »
The Power of Networking
By Sanjana Vig MD, MBA I think networking is an underutilized method for growth. This is especially true in the medical field, but even generally speaking, when I talk with others, it comes to light that the idea of networking is sometimes a forgotten tool. I’ve been guilty of this as well. For instance, when I speak to others about career changes, or wanting to branch out and try new things, networking is always mentioned, but it seems to be the last method used. Why Networking Matters I obtained my MD/MBA and when I was in business school, one of the things that was hammered into us was the value of networking, and… もっと読む »
The power of negative entrepreneurial thinking
Arlen Meyers, MD, MBA I don’t know about you, but I’m getting tired of all the entrepreneurial cheerleaders and hoopla. The message is that if you only have perseverance and grit, you can be successful. If you can just walk across some coals, the brass ring is almost in hand. You can achieve anything if you put your mind to it! Instead, for physician entrepreneurs, there is a lot to be said for the power of negative thinking and the ability to say no: It is just easier to get rid of stuff and toxic people than create new positive habits. Acting on no is a lot easier than acting on… もっと読む »
Creativity comes from an open mind, not an open space
Arlen Meyers, MD, MBA The newly elected members of Congress don’t have to worry about working in an open space office environment. Instead, they cross their fingers and hope they get an office with a view. Those who are not running for reelection or lame ducks sit in cubes until the new sesion starts. Likewise, most employed physicians, including academic physicians, savor their private offices and want to be able to hang all those diplomas, awards and patent plaques on their vanity walls. Of course, the chairperson usually gets the best spot with more space to display all those memorabilia from foreign speaking engagements while you are at home racking up RVUs…. もっと読む »
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