Physician entrepreneurship is an intense, consuming contact sport. With so much to do with scarce resources, be sure you have a time/life management plan to get you through the bumps. Here are 5 things to consider if you plan to follow the life science innovation roadmap.
- Be sure you love what you do. There are 168 hours in a week. If you spent about 60 of them working, that's 40 percent . Your time is your most valuable asset. Be sure you spend it doing something you love to do.
- Find the right personal and business partners. Physician entrepreneurship is hard work and takes persistence, dedication and some sacrifice. Be sure your partners -- both in your personal and professional life -- support what you are trying to do.
- Get up early. Benjamin Franklin said it first.
- Prioritize your time and take breaks now and then. Productivity declines after a certain amount of time. Everyone has a separate biorhythm. Find yours and give yourself a break now and then during the day.
- Pay attention to your personal health with diet, exercise and relaxation. The stress and wear and tear will take a toll.
Physician, heal thyself.
Arlen D. Meyers, MD, MBA, is professor of otolaryngology, engineering and dentistry at the Univeristy of Colorado Denver. In addition, he is a serial bioentrepreneur and consultant. He is the founding president and CEO of the Society of Physician Entrepreneurs and director of the program in bioinnovation and entrepreneurship at the University of Colorado Anschutz Medical Campus at the University of Colorado. He is a Harvard-Macy Fellow, a National Library of Medicine Fellow and a Fulbright Scholar. He was named by Modern Healthcare magazine as one of the most influential physician executives of 2011.