12 Ways Healthcare Leaders Can Sharpen their Entrepreneurial Skills

12 Ways Healthcare Leaders Can Sharpen their Entrepreneurial Skills

There’s a common misconception that every startup founder is a natural-born leader.

While some successful entrepreneurs are, many founders simply take leadership skills for granted or never completely developed them. As a consequence, they’re unable to influence others, which makes it almost impossible to get their business off the ground.

On the other hand, many leaders lack entrepreneurial skills. Here are some things you can do to improve your leaderpreneurial competencies:

  1. Be able to describe entrepreneurial competencies.
  2. Create a personal and professional development plan to improve them each day.

  3. Re-examine your entrepreneurial mindset. Without it, there is no innovation.

  4. Find a coach or mentor or sponsor.

  5. Recognize that calling yourself a physician executive does not mean you have an entrepreneurial mindset.

  6. Surround yourself with people who are other than knowledge technicians.

  7. Get out of the office and network with people from other industries. Don't deceive yourself into thinking that sick care can be fixed from inside.

  8. Take time to negotiate the 4 career crises and follow a different path to round out your skill set.

  9. Follow the 70-20-10 rule.

  10. Spend 30% of your time living in the future.

  11. When the time is opportune, take a sabbatical or gap year.

  12. Work in a place that has a culture of innovation or create one.

We need entrepreneurial medical schools
 led by leaderpreneurs, not academic triple threats , if we are to win the 4th undustrial revolution.

Leadership is about articulating a vision, providing direction and inspiring the heart. Leaderpreneurship is about creating the future by leading innovators, not managing or leading innovation systems.

Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs.

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  • Paul Lopez

    Healthcare entrepreneurs should network more to promote their products or services.

  • Jeremy Ramskill

    Medical schools must change. It's time to empower doctors.

  • Ian Carman

    Leadership is not a natural skill. Hard work, grit and determination are necessary to succeed.

  • Bruce Hicks

    Timely read !!

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Arlen Meyers, MD, MBA

Former Contributor

Arlen Meyers, MD, MBA is 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. He has created several medical device and digital health companies. His primary research centers around biomedical and health innovation and entrepreneurship and life science technology commercialization. He consults for and speaks to companies, governments, colleges and universities around the world who need his expertise and contacts in the areas of bio entrepreneurship, bioscience, healthcare, healthcare IT, medical tourism -- nationally and internationally, new product development, product design, and financing new ventures. He is a former Harvard-Macy fellow and In 2010, he completed a Fulbright at Kings Business, the commercialization office of technology transfer at Kings College in London. He recently published "Building the Case for Biotechnology." "Optical Detection of Cancer", and " The Life Science Innovation Roadmap". He is also an associate editor of the Journal of Commercial Biotechnology and Technology Transfer and Entrepreneurship and Editor-in-Chief of Medscape. In addition, He is a faculty member at the University of Colorado Denver Graduate School where he teaches Biomedical Entrepreneurship and is an iCorps participant, trainer and industry mentor. He is the Chief Medical Officer at www.bridgehealth.com and www.cliexa.com and Chairman of the Board at GlobalMindED at www.globalminded.org, a non-profit at risk student success network. He is honored to be named by Modern Healthcare as one of the 50 Most Influential Physician Executives of 2011 and nominated in 2012 and Best Doctors 2013.

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