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Why Doctors Make Great Entrepreneurs

Some think that physician entrepreneurship is an oxymoron – an inherent contradiction in terms. Conventional wisdom has it that doctors are lousy businesspeople, and that they should concentrate on patient care and leave the business stuff to someone else. I disagree. As someone who works with, and teaches, those people interested in the business of science and medicine (physicians, scientists, engineers, business students and other health professionals), and also as someone who practices clinical entrepreneurship, I know that doctors have the potential to make great entrepreneurs. Admittedly, only a small percentage of the 625,000 actively practicing physicians in the US have an entrepreneurial mindset and even fewer are innovators. However, it only takes a few to disrupt the system and add substantial value.

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About the Author

Arlen Meyers

President and CEO, Society of Physician Entrepreneurs and Professor, University of Colorado School of Medicine, USA.

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