StartUp Health’s Post

Here are my top 3 takeaways from my conversation with Dr. Gail Lebovic, MA, MD, FACS: Watch on YouTube: https://lnkd.in/dq6GZMZM Listen on Spotify: https://lnkd.in/djt5gw6A 1. Find an unmet need - Dr. Gail specializes in identifying gaps in the healthcare industry where current solutions are inadequate. Whether it's due to inefficiency, high costs, or a complete lack of options, she focuses on these areas to create innovative solutions. A prime example is her company Nasoclenz, which addresses the common problem of nasal congestion with a user-friendly and potentially more effective design compared to existing products. 2. Build a Strong Foundation before laying any bricks: Dr. Gail believes in meticulous planning before launching a company. She dedicates 1-2 years to thoroughly researching the feasibility of a product idea. This includes analyzing market size, potential regulatory obstacles, and investigating intellectual property to ensure there are no infringement issues. Additionally, she focuses on securing funding, assembling a team with the right skillsets, and developing a clear strategy for bringing the product to market. 3. Embrace Calculated Risk-Taking - Dr. Gail understands that not all risks are equal. While she conducts extensive research to minimize risk, she also recognizes that startups inherently involve some level of risk. The key is to take calculated risks, where the potential rewards outweigh the potential downsides. This could mean venturing into new markets or utilizing unproven technologies that have the potential to disrupt the industry. Bonus Takeaway - Never Stop Learning - Dr. Gail emphasizes the importance of maintaining curiosity and an open mind as an entrepreneur. Lifelong learning is crucial for staying ahead. Being receptive to new ideas and knowledge from unexpected sources can lead to breakthroughs and innovation. Dr. Gail actively seeks opportunities to learn, whether it's through engaging conversations on an airplane or attending conferences outside of her usual field. #entrepreneurship #startabusiness #podcastepisode #podcastguest #healthcare #healthcareindustry #healthcareinnovations #funding

You are one conversation away from the next step of growth for your organization. Here’s the secret to engaging in that conversation: As a healthcare founder, your success relies on the many individual stakeholder conversations you will have. The problem is - most founders use a one-size-fits-all script to talk with their audience and that just won't work. If you want to captivate and connect, you must define stakeholder pain points and ensure your messaging reflects that. Otherwise, you'll be part of the 90% of startups that close their doors. At the start, the average healthcare founder needs to design messaging for at least 5-10 audiences. A task nearly impossible to accomplish without a playbook. Luckily, you can turn those 10 conversations into 1 by DMing me right here! One conversation with me will give you the full word script to touch EACH stakeholder you want to reach. I’ve written messaging for 100 healthcare stakeholders, helping healthcare organizations realize their dreams to make a real change in the industry. Leave me a note or book a consult in the link and let's connect. https://lnkd.in/duaDd6Fi #founders #healthcare #startups #communication #healthcaremessaging

In the bustling world 🌐 of #𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗵𝗲𝗮𝗹𝘁𝗵, I often ponder a crucial question💡: How do we 𝗯𝗮𝗹𝗮𝗻𝗰𝗲 the scales of 𝗶𝗺𝗽𝗮𝗰𝘁 𝗮𝗻𝗱 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆? You see, for us #healthcareentrepreneurs, it's never just about the latest tech trend. We delve deeper.. Strategically leveraging technology to not only grow our businesses but also amplify our impact. It's about creating a symphony where every note of innovation resonates with our mission. Let me share a narrative that might sound familiar. Imagine a founder, just like you, standing at the crossroads of investment decisions. Each path represents a choice - cost-saving, investing in new tech, or focusing on immediate ROI. But here's the twist: our ROI 📈 isn't just measured in profit margins. It's gauged by the lives we touch, the care we improve. 🌱How do you navigate this landscape? It's a balancing act of aligning your business goals with the heartbeat of your venture - the social mission. This 𝗠𝗶𝘀𝘀𝗶𝗼𝗻 isn't a tagline; it's the pulse of your work, the essence of your passion. I'm curious about your journey. 💬 How do you ensure that every digital stride you take propels this mission forward? How do you maintain this delicate balance where profitability supports and elevates our greater purpose? 🚀 𝘾𝙤𝙡𝙡𝙖𝙗𝙤𝙧𝙖𝙩𝙞𝙫𝙚 𝙀𝙭𝙥𝙡𝙤𝙧𝙖𝙩𝙞𝙤𝙣: 𝙅𝙤𝙞𝙣 𝙩𝙝𝙚 𝙘𝙤𝙣𝙫𝙚𝙧𝙨𝙖𝙩𝙞𝙤𝙣! Let's share our experiences and strategies. Your approach, your story, could be the beacon that guides fellow founders towards a future where healthtech is not only profitable but also profoundly impactful. In #HealthTech, you are not just running businesses. You are revolutionizing healthcare, one innovation at a time. —----------------------------------- Like this post? Want to see more? 🔔 Ring it on my profile Follow #ProvidersEdge 🔝 Connect with me #healthandwellness #access #leadershiplessons #productivitytools #personalgrowth #HealthTechBalance #ImpactMeetsProfit #HealthcareInnovation #TechWithPurpose

🚀 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐏𝐢𝐭𝐜𝐡? 𝐀𝐏𝐏𝐋𝐘 𝐅𝐎𝐑 𝐓𝐇𝐄 𝐂𝐎𝐑𝐄 𝐆𝐫𝐨𝐮𝐩 𝐆𝐇𝐏𝐂 𝟐𝟒 𝐏𝐈𝐓𝐂𝐇 𝐂𝐇𝐀𝐋𝐋𝐄𝐍𝐆𝐄! 🌍 CORE Group's 2024 Regional Global Health Practitioner Conference is calling on dynamic, cross-sectoral teams of 5 members to submit their groundbreaking, sustainable ideas to tackle community health challenges and improve health service delivery for the most marginalized populations. 𝐀𝐫𝐞 𝐲𝐨𝐮 𝐚 𝐫𝐢𝐬𝐢𝐧𝐠 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐨𝐫 𝐭𝐞𝐜𝐡 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫? 💡 Share your innovation, idea, startup, or app in 500 words or less, and include: 𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬: 🛠️ Got a prototype? Can it scale? Share your development and testing journey. 𝐖𝐇𝐎: 🤝 Introduce your team

🌱 Taking it slower in an age of hustle & productivity. In 2021, I angel-invested $100,000 into my friend, David Luu, MD's healthtech startup Hearty which is building in the longevity space. Doing a deep dive into the science of longevity made me reflect on my own time management & productivity. ⚖️ I've realised that being more intentional & taking it slower in an age of hustle & productivity is ok. Saying no to some opportunities, having better boundaries & taking my own time doesn't stop me achieving what I want from my career & life. 👩🏽⚕️During med school & as a young doctor, I used to wake up at 0500am to get ahead of the day & ahead of the perceived competition. Not anymore. ⏳Being more intentional & taking time with my work provides me with different insights that I might otherwise have missed in the rush to achieve things. 🎨 Illustration by Morgan Harper Nichols #healthtech #femaleinvestor #VC #investing #worklifebalance #medicalcareers

I have decided to part ways with BASE life science. I have met many wonderful consultants there, and am looking forward to maintaining those relationships 🙂 Learnings:  -I can network and build relationships successfully in all kinds of environments. -Consultancy came naturally. -Learned to say ‘no’ and to protect boundaries. -Learned and got confirmation of my strategic and leadership skills. -I can sell. -I can take an ambitious techy project, which I don’t know much about, understand it and put it fast into an organised, well working framework. -Teammates are everything. -Leadership is about listening to your teams, understanding their perspectives and implementing their input in a way that puts people's well-being first; right project deliverables and priorities second; and then the outcomes will follow. -Produced a multitude of implementable ‘AI in pharma’ use cases focused on increasing time-to-market. -I know my priorities and what drives me. I will not start regular work just yet…  I plan to spend September empowering startups, sparring about AI, tech and innovation, and focusing on a few adventures that will be ready for the LinkedIn light some time from now ;) Have a great day! P.S. I know some of you - my close colleagues and friends - will be super curious now. I am happy to accommodate some coffee walks&talks. Feel welcome to reach out! #startups #leadership #ai #innovation #pharmainnovation #digitaltransformations

On #StrategyWednesday Episode 17. I am sharing with you one of my favorite proverbs and the valuable lessons you can learn from it. Strategic Business Lesson: Embracing Necessity as a Catalyst for Innovation The proverb "Necessity is the mother of invention" holds profound truth for businesses across industries. It highlights the inherent power of unmet needs and challenges to drive innovation and transformative solutions. In the competitive landscape of today's business world, embracing necessity as a catalyst for innovation can lead to sustainable growth, market differentiation, and a stronger competitive edge. Key Takeaways: Identify and Address Unmet Needs: Pay close attention to customer feedback, market trends, and industry challenges. Identify areas where existing solutions fall short or where new needs are emerging. Foster a Culture of Innovation: Encourage open communication, collaboration, and risk-taking within your organization. Reward creativity and out-of-the-box thinking. Embrace Experimentation and Learning: Encourage experimentation with new ideas and approaches. Don't be afraid to fail; view failures as learning opportunities. Translate Necessity into Opportunities: Transform unmet needs into opportunities for innovation. Create solutions that address real-world problems and improve the lives of your customers. Continuous Improvement: Continuously seek ways to improve your products, services, and processes. Embrace feedback and adapt to changing market needs. Examples of Necessity-Driven Innovation: The invention of the printing press in response to the need for efficient book production. The development of penicillin during World War II to address the urgent need for effective antibiotics. The rise of e-commerce in response to consumers' desire for convenient and accessible shopping. The emergence of mobile payment solutions in response to the growing demand for cashless transactions. Practical Steps for Businesses: Establish a dedicated innovation team or initiative. Engage customers in the innovation process through surveys, focus groups, and beta testing. Monitor industry trends and emerging technologies to identify potential opportunities. Partner with research institutions and universities to access expertise and resources. Encourage employee participation in innovation challenges and hackathons. By embracing necessity as a catalyst for innovation, businesses can unlock new opportunities for growth, enhance customer satisfaction, and establish themselves as leaders in their respective industries. Remember, necessity is not just a challenge but also a driving force for creativity and transformative change. I hope we learned something new today. Share your thoughts 💭 Frank Asamoah, MBA #StrategyWednesday #Innovation #entrepreneurship #strategyconsultant

Do you want your team to excel this year? There's no better way to start off a year than to refresh, or discover your team's collective strengths, superpowers, talents, dynamics, culture and then to look at some key leverage points that could catapult your team's performance this year. What if you could do that using 20 years' quantitive and qualitative research, data, AI and coaching? If that sounds of interest, I'm offering ONE FREE TEAM DEBRIEF coaching session for a team in Australia or New Zealand. Specifically, we would be coaching to debrief your and/or your team's Fingerprint for Success (F4S) results. F4S is a people analytics platform that measures 48 different attitudes, motivations and preferences in the work context. The value of this debrief and using this fantastic tool, is all I've described above. The Platform itself has been developed with a 20 years study with significant statistical findings! These sessions are typically valued between a few hundred dollars, so if you're keen - please DM me and let's chat. No strings attached, no after-selling, or obligations. Want to take your team's success to the next level? Ok - let's do it - together. 😊 I'll post a link to the F4S platform for reference in the comments below (for algorithms) #coaching #leadershipdevelopment #entrepreneurship #startups #ventures

🌟 Unlocking Startup Healthcare Success: Characteristics & Objectives! 🏥💡 #HealthcareStartUpInsights 🔍 Dive into the world of startup healthcare organizations! Aspiring doctors and healthcare pros, this one's for you! 🩺💼 Let's uncover the challenges & objectives that shape your journey. 🚀 Ready to level up? 👇 **🔥 Characteristic 1: Newly established organisation** 🌐 Being a novice is tough yet challenging.🤷 **🔥 Characteristic 2: Limited Resources/funding** 💼 As a startup in healthcare, resources can be tight. From equipment to staff, you've got to learn to do more with less.🧘 **🔥 Character 3: Need for strong business model** 🧠It's the key to Turning limitations into strengths! **💡 Objective 1 : Building strong foundation for future growth** 🔍 Build your reputation on transparency. Showcase expertise, share success stories, and let your patients and community see your passion **💡 Objective 2 : Finding your niche/differentiator ** 🌐 Gaining trust as a new player in the healthcare world can be tough. How do you stand out in the sea of options? ** 💡 Objective 3: Initial Patient base & visibility** 🏥 Providing excellent patient care while striving for growth can feel like a juggling act. How do you manage both without compromise? Ready to conquer the challenges of a healthcare startup? 🌟 Let's thrive together! DM us "🚀" for details. #worldchangersacademy #HealthcareCoaching #Doctorpreneurs #HealthcareStartUpInsights #Doctorpreneurship #HealthcareCoaching #MedStartupJourney #HealthcareChallenges #MedicalInnovation #DoctorGoals #HealthcareSuccess #EmpoweringHealthcare #ScalingExcellence

📅 𝐌𝐞𝐞𝐭𝐢𝐧𝐠𝐬: 𝐓𝐢𝐦𝐞 𝐚𝐧𝐝 𝐂𝐨𝐬𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 📊 Meetings cost time and nerves, don't they? Do you like your meetings and are they productive? You can argue about the purpose, but you can calculate the costs! 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 Using 3D/XR communication could save:  - Up to $15,000 per manager per year.  - Reclaim 3.6 to 6 hours per week for more productive tasks.  - Foster a happier and more engaged workforce. ‪#worklife #motivation #FutureofWork #Leadership #WorkLifeBalance‬ #BigData #Analytics #innovation  #success #entrepreneur #startup Source 🙏 Dr.-Ing. Eike Wolfram Schäffer v/ Dr. Marcell Vollmer