• Revenue Cycle Management
  • COVID-19
  • Reimbursement
  • Diabetes Awareness Month
  • Risk Management
  • Patient Retention
  • Staffing
  • Medical Economics® 100th Anniversary
  • Coding and documentation
  • Business of Endocrinology
  • Telehealth
  • Physicians Financial News
  • Cybersecurity
  • Cardiovascular Clinical Consult
  • Locum Tenens, brought to you by LocumLife®
  • Weight Management
  • Business of Women's Health
  • Practice Efficiency
  • Finance and Wealth
  • EHRs
  • Remote Patient Monitoring
  • Sponsored Webinars
  • Medical Technology
  • Billing and collections
  • Acute Pain Management
  • Exclusive Content
  • Value-based Care
  • Business of Pediatrics
  • Concierge Medicine 2.0 by Castle Connolly Private Health Partners
  • Practice Growth
  • Concierge Medicine
  • Business of Cardiology
  • Implementing the Topcon Ocular Telehealth Platform
  • Malpractice
  • Influenza
  • Sexual Health
  • Chronic Conditions
  • Technology
  • Legal and Policy
  • Money
  • Opinion
  • Vaccines
  • Practice Management
  • Patient Relations
  • Careers

The 10 Biggest Physician Entrepreneur Mistakes


Most docs lack an entrepreneurial mindset and, instead, are physician wannapreneurs.

Goodbye David Letterman. Your "top ten" lists will last for a very long time now that you are gone. So, in your honor, here's my Top 10 Physician Entrepreneurs Mistakes list:

10. Thinking that what got you to where you are now will be good enough to get you where you want to go as a physician entrepreneur.

9. Thinking that what you think and recommend is representative of what everyone else thinks.

8. Believing that the value of what you have invented has any relevance at all.

7. Not knowing when it's time to resign from an advisory board or SAB when you are no longer creating value.

6. Thinking that your money is greener than everyone else's.

5. Not taking time to connect to people outside of medicine.

4. Looking for innovation at medical meetings.

3. Not listening.

2. Acting like you can just hand off your idea to "the business people" and expect them to send you big certified checks via electronic funds transfer to your account.

1. Acting like starting and scaling a business is much easier than practicing medicine.

Most docs lack an entrepreneurial mindset and, instead, are physician wannapreneurs. We won't be seeing much of Dave from the Ed Sulliivan Theater, but that's certainly no reason to not learn from your Top Ten mistakes list.

Related Videos
Victor J. Dzau, MD, gives expert advice
Victor J. Dzau, MD, gives expert advice