Finding the balance between medicine and business
For the past 7 years, my focus has been working with physician entrepreneurs (actual and wannabes) ... those adventurous souls who set off to brave the wilds of self-employment.
More recently, I've been receiving questions such as this one:
"I have an entrepreneurial spirit but my circumstances don't permit me to take a chance on leaving my organization where I have been an established and quite successful medical director for four years. What advice can you give me?"
While I am not in the advice-giving business (coaches don't typically advise - instead they facilitate self-discovery of answers and self-fulfillment of potential), I have given this question much thought, and here are my musings.
The secret is to become an active physician intrapreneur!
I love this part of the definition of intrapreneur (the term was first coined in 1978):
"A person ... who takes direct responsibility for turning an idea into a profitable finished productthrough assertive risk-taking and innovation".
I've alluded to "innovation" in healthcare in the recent past. "Risk-taking" is part of the definition of an entrepreneur, and "assertive" suggests a willingness to step out of the shadows, into the sunlight and start heading down the path of being a contributor, and even a potential disruptor!
What then are the seven secrets to becoming a successful physician intrapreneur?
Philippa Kennealy ran a private family practice, and a hospital, before building her coaching business helping MDs launch and run successful practices and businesses. Visit her online atwww.entrepreneurialMD.com to learn more.