Tips for Physician Entrepreneurs
Excerpt from Article
In an article titled “Physician Career Coach’s Top Ten Tips for a Successful Transition” on her website, EntrepreneurialMD.com, Dr. Philippa Kennealy provides some tips that reflect her extensive experience guiding physicians through self-assessment and career development.
“As much as I love working with entrepreneurial physicians, I recognize that many physicians plan to transition out of clinical practice into non-clinical careers that don’t include starting their own business.”
- Yes, many fantasize about being their own boss, with all the tantalizing flexibility and autonomy.
- However, the realities of a drop in income, lack of time, and lack of business knowledge and experience wreak havoc with their dreams.
- Fear doesn’t hesitate to show its pinched face too!
Instead, these doctors who are hungry for a change in direction seek out new physician career opportunities in a number of other less risk-prone areas, such as:
- hospital and clinic administration (strategic planning, operations, credentialling, physician relations, process improvement, clinical quality, etc.)
- health plan medical directorship
- medical communications – written, spoken, entertainment, journalism
- medical and physician education
- pharma
- biotech
- medical device development
- clinical trials
- health information technology
- consulting, working for organizations such Accenture, JCAHO or Siemens
- coaching, working for organizations such as The Studer Group
- corporate wellness and health coaching
… the list and possibilities are huge.
How then can you make and survive the transition successfully to your non-clinical career?