Happy Friday! Last week’s Fun, Fear, Focus only got one response which tells me that chapter will be a bust or the post was just too deep for a Friday read? Well, will keep it short today, but unfortunately with a formula at the end..
Every time I get asked what makes a #digitalhealth startup successful I would answer it two-fold:
First, I don’t know how to define success: every entrepreneur sets out to build something amazing but every entrepreneurial team has its own definition of success: Lives touched or improved, best product in category x, financial targets or combinations of many parameters.
Secondly I answer with the 5Ps: Persistence, Persistence, Persistence, Persistence, Persistence and while I say it half jokingly I do mean that persistence is absolutely required in any new endeavor whether a new project or a completely new venture or going against the grain in a large pharmaceutical company.
Persistence does not equal being a turd and I define persistence as follows:
Persistence =
(Clarity of vision) +
((Clear definition of a path (-full roadmap)) +
(Confidence (- cockiness))+
(Ability to deliver, risk adjusted for ability to assemble a kick ass team)
Many anecdotes of persistence in the book.. so stay tuned but in the meantime if you have another formula please do share!
Till Next Week,
sadly...too true!!!
Love it!