The Entrepreneurial MD for Women

Finding the balance between medicine and business

Seven secrets to becoming a successful physician intrapreneur

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?

    1. Cultivate a clear Vision for what you believe is possible. Learn how to inspire others within the organization with skilful story-telling and presentations.

    1. Communicate your Passion for improvement, innovation, quality - whatever it is that that gets your juices flowing

    1. Articulate your Skills and Talents and how they can benefit your organization - you can do this without blowing an obnoxious trumpet

    1. Offer your Enthusiasm to anyone who will listen -

    1. Network skillfully to uncover those who will serve as your Champions

    1. Become your own best Advocate - once again, your interpersonal skills and emotional intelligence will pay big dividends

    1. Develop Perseverance - a now-recognized trait of successful entrepreneurs!

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 to learn more.

Celebrate Earth Day With Esme Raji Codell's 'Seed ...
Renee Watson's 'Blackbird' Celebrates Harlem Renai...

Get Your Degree!

Find schools and get information on the program that’s right for you.

Powered by Campus Explorer

Sign Up For Our Newsletter!

Find us on Facebook!
Find us on Twitter!
Find us on Pinterest!