The 6Ms of Physician Social Entrepreneurship

The 6Ms of Physician Social Entrepreneurship

The 6Ms of Physician Social Entrepreneurship

The COVID-19 pandemic has revealed glaring inequities in health outcomes. Global physician social entrepreneurs now have the opportunity to minimize them in the future.

The Social entrepreneur builds strong and sustainable organizations that primarily drive social innovation and transformation. 

A social enterprise is an organization that advances a social mission through entrepreneurial strategies.

If you have an existing non-profit or social enterprise or are planning to start one, you should focus on the 5Ms: mindset, mission, members,money, model

MINDSET

Innovation starts with mindset. The entrepreneurial mindset is as important for someone starting a commercial enterprise as it is for the leader of a social enterprise. Without it, you will fail.

MISSION

MISSION.png

Start with answering the"Why?" before you try to construct and explain the what and how. 

MEMBERS

Your beneficiaries are the heros of your story. Your sponsors and stakeholders are the guides. How you tell your story will drive engagement.

MONEY

You have heard it before...no margin, no mission. You have to manage the profit and loss statement

MODEL

Most businesses will fail because they make a product or service no one wants or they don't have a viable business model. The same holds true to non-profits and mission driven organizations.

The 6Ms of Physician Social Entrepreneurship

MARKETING

MARKETING

Colleges and universities are businesses too, so, why aren't they run like one?

Global social entrepreneurs are changing the world, now more than ever. Be the solution.

Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs on Twitter@ArlenMD and Facebook.

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  • Jack Fleming

    Powerful read

  • Scott Andrews

    Definitely one of your best articles.

  • Michael Stevens

    They are changing the world for the better

  • David Rowland

    Well done

  • Bryan Knowles

    Fantastic

  • Alan Mooney

    Thank you Dr Meyers

  • Derek E

    Thanks for the motivation

  • John Moody

    Finding a COVID-19 vaccine is the main priority.

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Arlen Meyers, MD, MBA

Healthcare Expert

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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