17 Reasons Not to Be a Physician Entrepreneur

Judging What is physician entrepreneurship? Entrepreneurship is the pursuit of opportunity under volatile, uncertain, complex and ambibuous conditions (VUCA).. The goal of physician entrepreneurs, is to create user defined value through the deployment of innovation using a VAST business model to accomplish the quintuple aim. There are many ways to do that other than creating a company.

Here are some reasons why you should think twice about being a physician entrepreneur:

1. You are not ready to innovate
2. You do not have the courage to innovate
3. You do not have the mindset to innovate
4. You think that your clinical mindset and your medical degree and training is enough to succeed
5. You are not in a financial position to take the risk
6. You are doing it to get away from someone of some job instead of towards something that is a better fit
7. You do not have a career transition strategy
8. You or your family are not willing to pay the price of successive failure
9. You are unwilling to come down off the mountain
10. It’s not personal
11. You are not ready to quit your day job
12. If you decide to create a company, or work for one, making money for the company is not that important to you.
13. You don’t have the knowledge, skills, abilities and competencies to add value to a business
14. You don’t have entrepreneurial DNA
15. You don’t have a big enough network or know how to manage it as part of building your personal brand
16. You don’t know how to sell things
17. You are a problem solver, not a problem seeker.

Think twice about telling someone to take your white coat and shove it. You will save yourself and lots of other people heartburn and other people’s time, effort and money.

Image Credit: Pixabay

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