Google
About Philippa Kennealy

 

Philippa Kennealy MD MPH CPCC PCC is The Entrepreneurial MD Business Coach who wants to help you build your business!
meet Philippa>>>

 

 

Search this site
Subscribe to our newsletter
captcha
Subscribe to our feed
Click here to subscribe

Or enter your email address here, and you'll get new posts delivered via email:



Powered by FeedBlitz

Recommended Books and Programs
  • The E-Myth Revisited
    The E-Myth Revisited
    by Gerber, Michael E.
  • Get Slightly Famous: Become a Celebrity in Your Field and Attract More Business with Less Effort, Second Edition
    Get Slightly Famous: Become a Celebrity in Your Field and Attract More Business with Less Effort, Second Edition
    by Steven Van Yoder

    A must-read for all business owners

  • Made to Stick: Why Some Ideas Survive and Others Die
    Made to Stick: Why Some Ideas Survive and Others Die
    by Chip Heath, Dan Heath

    How to create unforgettable messages

  • E-Myth Mastery: The Seven Essential Disciplines for Building a World Class Company
    E-Myth Mastery: The Seven Essential Disciplines for Building a World Class Company
    by Michael E. Gerber

    Implement the E-Myth business habits

  • Duct Tape Marketing Revised & Updated: The World's Most Practical Small Business Marketing Guide
    Duct Tape Marketing Revised & Updated: The World's Most Practical Small Business Marketing Guide
    by John Jantsch

    Just what it says it is!

  • Never Eat Alone: And Other Secrets to Success, One Relationship at a Time
    Never Eat Alone: And Other Secrets to Success, One Relationship at a Time
    by Keith Ferrazzi, Tahl Raz

    Masterful networking resource!

  • What Business Should I Start?: 7 Steps to Discovering the Ideal Business for You
    What Business Should I Start?: 7 Steps to Discovering the Ideal Business for You
    by Rhonda Abrams

    A practical approach to uncovering your biz idea

  • The Complete Idiot's Guide to Growing Your Business with Google
    The Complete Idiot's Guide to Growing Your Business with Google
    by Dave Taylor
    Fundamentals of being found on the Internet
  • Good to Great: Why Some Companies Make the Leap... and Others Don't
    Good to Great: Why Some Companies Make the Leap... and Others Don't
    by Jim Collins

    What matters in building a great business

  • The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
    The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
    by Timothy Ferriss

    Surprisingly practical for such a fanciful idea

  • The How of Happiness: A Scientific Approach to Getting the Life You Want
    The How of Happiness: A Scientific Approach to Getting the Life You Want
    by Sonja Lyubomirsky

    Practical implementable ways to create happiness

  • Mastering Online Marketing: 12 Keys to Transform Your Website into a Sales Powerhouse
    Mastering Online Marketing: 12 Keys to Transform Your Website into a Sales Powerhouse
    by Mitch Meyerson, Mary Eule Scarborough

    The nuts and bolts of Internet marketing

     

  • The New Rules of Marketing and PR: How to Use Social Media, Blogs, News Releases, Online Video, and Viral Marketing to Reach Buyers Directly, 2nd Edition
    The New Rules of Marketing and PR: How to Use Social Media, Blogs, News Releases, Online Video, and Viral Marketing to Reach Buyers Directly, 2nd Edition
    by David Meerman Scott

    Using blogs, podcasts, viral products etc to reach your target market

  • Concierge Medicine: A New System to Get the Best Healthcare
    Concierge Medicine: A New System to Get the Best Healthcare
    by Steven D. Knope M.D.

    The only book on the topic!

  • The Medical Practice Start-Up Guide
    The Medical Practice Start-Up Guide
    by Marc D. Halley, MBA and Michael J. Ferry, MPA

    A thorough guide to getting started in practice

  • Yes!: 50 Scientifically Proven Ways to Be Persuasive
    Yes!: 50 Scientifically Proven Ways to Be Persuasive
    by Noah J. Goldstein, Steve J. Martin, Robert B. Cialdini

    Encapsulates the best thinking about how to influence others

    -----------------------------------------

  • Finding Your Own North Star: Claiming the Life You Were Meant to Live
    Finding Your Own North Star: Claiming the Life You Were Meant to Live
    by Martha Beck

    Discovering what your Essential Self really needs

  • Are You Ready to Succeed? Unconventional Strategies to Achieving Personal Mastery in Business and Life
    Are You Ready to Succeed? Unconventional Strategies to Achieving Personal Mastery in Business and Life
    by Srikumar S. Rao

    From a business professor comes the teaching that has inspired hundreds of MBA students

  • Tribes: We Need You to Lead Us
    Tribes: We Need You to Lead Us
    by Seth Godin

    A fascinating look by a master marketer and future thinker about how clear messages and contemporary tools are enabling the much-needed formation of loyal followers - a leader's "tribe"

  • eBoot Camp: Proven Internet Marketing Techniques to Grow Your Business
    eBoot Camp: Proven Internet Marketing Techniques to Grow Your Business
    by Corey Perlman

    Read my review here.

  • Endless Referrals, Third Edition
    Endless Referrals, Third Edition
    by Bob Burg

    A networking classic that shares immensely practical information on how to build a network that really delivers!

  • Career Renegade: How to Make a Great Living Doing What You Love
    Career Renegade: How to Make a Great Living Doing What You Love
    by Jonathan Fields

    A must-read for anyone wanting to flee the fold and launch a new and different career.

  • A Whole New Mind: Why Right-Brainers Will Rule the Future
    A Whole New Mind: Why Right-Brainers Will Rule the Future
    by Daniel H. Pink

    Dan Pink's brilliant analysis of what skills are needed to thrive in the 21st Century in business.

  • Entrepreneur's Notebook: Practical Advice for Starting a New Business Venture
    Entrepreneur's Notebook: Practical Advice for Starting a New Business Venture
    by Steven K. Gold

    A useful book written by a physician

  • Escape From Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur
    Escape From Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur
    by Pamela Slim

    Humorous, practical, excellent guide written by my dear colleague, Pam Slim

  • The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything
    The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything
    by Guy Kawasaki

    Guy Kawaski's classic about starting your own business

  • The Intelligent Entrepreneur: How Three Harvard Business School Graduates Learned the 10 Rules of Successful Entrepreneurship
    The Intelligent Entrepreneur: How Three Harvard Business School Graduates Learned the 10 Rules of Successful Entrepreneurship
    by Bill Murphy

    Great and inspirational stories -- I've blogged about several of the "secrets"

  • The Art of Possibility: Transforming Professional and Personal Life
    The Art of Possibility: Transforming Professional and Personal Life
    by Rosamund Stone Zander, Benjamin Zander

    Most enlightening -ten vital practices to develop the attitude that transforms how you live your life

BlogCatalog

Medicine Blogs - BlogCatalog Blog Directory

Google+

For physician business owners and entrepreneurs!

Are you ready to love work again
...or grow in a new direction?

Crack the Code report.GIF

You'll also receive with our compliments:

1. "The Entrepreneurial MD Newsletter" each month,

2. Cutting edge video "BizTips for Getting Started", and

3. "The Entrepreneurial Mindset Assessment" to gauge your "business" readiness.


We will NEVER give your information away.
Unsubscribing is easy if you no longer want to hear from us!

 
First Name *
 
Last Name *
 
Email *
 

 

The Entrepreneurial MD Blog

PS: I'd love to hear from you. Click on the blue "Post a Comment" link at the BOTTOM of each article, follow the simple instructions, and write away!

Feel free to share with others by clicking on the "Share Article" via Digg. Delicious, StumbleUpon or the other "social bookmarking" tools.

Just a few rules: Be nice. Keep it clean. Stay on topic. No spam!

Tuesday
Apr162013

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.
  2. Communicate your Passion for improvement, innovation, quality - whatever it is that that gets your juices flowing
  3. Articulate your Skills and Talents and how they can benefit your organization - you can do this without blowing an obnoxious trumpet
  4. Offer your Enthusiasm to anyone who will listen -
  5. Network skillfully to uncover those who will serve as your Champions
  6. Become your own best Advocate - once again, your interpersonal skills and emotional intelligence will pay big dividends
  7. Develop Perseverance - a now-recognized trait of successful entrepreneurs!
Tuesday
Mar192013

How to eat an elephant ... one spoon at a time

I have never been a fan of group exercise with its hyper-upbeat classes, pounding music and the need to keep up with the gungho crowd. However, a Groupon coupon many months back lured me into a neighborhood Circuit Works and despite it being exactly that (loudly energized), I have discovered a wholly satisfying way to get a workout.

At the beginning of the hour (my "elephant"), I feel a sense of dread ... how am I going to endure this long, hard sixty minutes?

At the end, I leave with a sweaty inner glow and a sense of accomplishment that surprises me. 

I now understand how this works. How I am forced/encouraged to accomplish something that is outside my comfort zone.

I'm not required to do anything for longer than two minutes - two on the treadmill and two at each station. The routine includes two minutes alternating on the spinning bike but since my back doesn't encourage that position, I opt to stick with the treadmill ... at ... my ... own ... pace! 

I can manage anything for two minutes!! These are my "spoons".

How is this relevant to you?, you may ask.

Think of the tasks you have been putting off -- all those moments of procrastination (like writing those blog posts, or doing that bit of networking, or tackling your billing and account books!)

Can you break the task into two or maybe five minute intervals? Can you really push yourself for that brief spell?

My startling discovery after doing a few of these classes is that they have become easier. I still don't sprint on uber-energetic command, but I do go a little faster, try a little harder. Something in my physiology is responding. 

I have learned that even the tasks we dread can be handled, in small bites.

Confession -- I have yet to complete all the abdominal exercises at the end!

Tuesday
Feb122013

When perseverance is called for ... a success trait for entrepreneurs

Despite the earnest commitment I made at the beginning of the year, I have failed so far. Instead of blogging regularly (well, at least once a week!),  I've fallen into the "I'm so busy, I can't find the time" trap. This even though I have blocks of time set aside on my calendar for writing. 

Time to get back onto that horse and ride again!

So, how should I do this?

I am fascinated by what it takes for children to succeed in life, since I have a kid and want good things for her. In addition, my clients are seeking great results and wondering how they can create invigorating new careers or businesses at later points in their lives. My quest to understand these challenges has led me to some fascinating research, mainly coming out of the field of education.

One prominent researcher in this area, Angela Duckworth PhD, writes about Grit -- Perseverance and Passion for Long Term Goals in which she tells us that the more "grit" (she defines this by her subtitle) we demonstrate, the higher the correlation is with success.

Yet another inspiring education-related story (which references Duckworth and her grit research) comes from writer and speaker Paul Tough. The New York Times ran a story some time ago, written by Tough and titled "What if the secret to success is failure?", that fired my imagination sufficiently that I bought and devoured his book, How Children Succeed: Grit, Curiosity, and the Hidden Power of Character (A)

The third reminder comes from Rule 9 of "The Intelligent Entrepreneur: How 3 Harvard Business School graduates learned the 10 rules of successful entrepreneurship" (A) -- remember, it's Persist, persevere, prevail.

All this is a long way of saying that, if I am to be successful in maintaining my blog as a short term goal and keeping my business soaring (the bigger goal), I too must show grit. I do have the passion. But what if the secret to my business success is this failure, and others, and that it's perseverance that is being asked of me?

I'm getting back on that horse today!

How about you?

Tuesday
Jan152013

Women physicians thinking of leaving medicine: How can I help?

This blog post is for my women physician readers - or for you to forward to any woman physician you know!

As the host(ess) of the Women Leaving Medicine blog and physician coach owner of The Entrepreneurial MD here, I would love to get your opinion.

I started this Women Leaving Medicine blog over 2 years ago, with an initial post expressing my philosophy and a manifesto. Almost immediately, the blog took on a life of its own as women began finding it and contributing their stories spontaneously. They also began generously supporting one another.

Week after week, I read the posts that appear, and while I am grateful that these women physicians or medical students/aspiring physicians have taken the time to share their stories  -- stories filled with pain, despair, loss of hope, determination and even occasional successes - I am disheartened by their depth of their anguish and size of their struggle.

I so badly want to help women doctors feel better about their lives and professional choices AND find workable solutions.

While I realize each of you has your own unique story, situation and set of needs, I believe there are themes that are emerging: survival; finding joy; embracing your own identity whether you choose to practice medicine or not; balancing the demands of motherhood, spousehood and work; dealing with demanding work environments; coping with deep disappointment as to how life as a physician has turned out for you.

I would love to create an inspiring, affordable, self-paced home study program to provide comfort, inspiration AND solutions, based on my own insights and skills as a physician coach, a working mom (working steadily from home) and as a former practicing family doc who also burned out.

I know you are way too busy for a lot of chit-chat, so this program will not be a big old lecture thing that you'll have to slog through. Instead, I want your input to help me design and offer you exactly what you want.

If you identify with this struggle in any way:

  • Do you want concise nuggets that challenge you to experience and savor your life more deeply?
  • Do you want to learn new skills to help you discover for yourself that next experience that will bring you deeper fulfillment and satisfaction in your professional and personal life?
  • Do you want me to share a ton of resources that point you to non-clinical opportunities?
  • Do you want a bit of everything?

Here is a link to a brief 5-question survey to help you answer these questions (it won't take longer than 3 minutes):  Women in Medicine Survey

Once again, how can I REALLY be of service to you, and help you with your often very difficult choices?? 

Tuesday
Jan082013

Innovation, entrepreneurship: book in brief for physician entrepreneurs

One of the perks of being an active physician blogger is that I am sent books to review from time to time. A book that recently caught my attention is Innovation and Entrepreneurship in the Healthcare Sector: From Idea to Funding to Launch by Luis G. Pareras MD, from Greenbranch Publishing.  

I've decided to launch a new category I've titled "Books' Big Ideas" in which I plan to summarize the key ideas in books that I believe have merit for you, my readers.

Here is a summary of my first book's Big Ideas, with some author background first.

Equipped with an MBA, a PhD and a wealth of experience as a physician entrepreneur and venture capitalist, Spanish neurosurgeon Luis Pareras is well-positioned to offer aspiring entrepreneurial physicians an exhaustive blueprint for launching a business.

He begins by distinguishing innovation (a world of ideas) from entrepreneurship (a world of action).

He sees as the three greatest drivers of innovation and sources of ideas: 

  • existing problems
  • dissatisfaction with what is
  • market opportunities

Big Idea Number One:

There are three types of innovation: 

  1. Oriented towards the consumer- changing the experience of the healthcare user. This is especially relevant for patients with chronic disease who need complex care coordinated.
    One example of this kind of innovation example might be the elimination of the waiting room at the Virginia Mason Kirkland Clinic in suburban Seattle.
  2. Based on technology - new therapeutic agents, medical devices, or information technology tools. Examples would include novel monoclonal antibody drugs, knee prostheses or error-reducing software.
  3. Based on a business model - integrating hospitals into a chain or a hospital and its clinics into a system.

Big Idea Number Two:

Nobody invests in an idea. Instead they invest in its execution.

Big Idea Number Three:

 Despite the chaos and creativity that typify a startup, there are identifiable phases to starting a business, accompanied by questions that are essential to be asking. This is succinctly illustrated on pages 30, 31 and 32.

For example, in the earliest phase, the question to ask is "Is my idea a good one or just an opportunity?"

Later, you might ask what your options are for making your efforts profitable, once you have developed a business plan - Should you sell or license your patent? Should you be seeking an alliance? Can you do this by yourself?

Big Idea Number Four:

It's vital to understand and position yourself within the healthcare value chain. Dr Pareras describes this important business concept in a blog post.

Big Idea Number Five:

The purpose of a business plan is to explain the story of the opportunity your  project or business poses. It also provides a road map to making the idea happen. It is above all a communication tool -- to ourself, to outsiders and to insiders who will work with and for you.

Big Idea Number Six:

The most important asset of any business or idea is the people behind it -- the team that will execute the idea. This will demand leadership and management skills.

Big Idea Number Seven:

Financing your business is a challenge that takes planning and awareness of the multiple ways a healthcare start-up and business can be financed. Whether you are using your own money, R and D development subsidies, grants, debt or investment -- you will need to know what is out there to help you raise the money you need to start your venture.

So there you have it - the seven big ideas that jumped out at me from the book. What is particularly valuable is in the extensive details - the many "hows" that are explained and answered.

Although the book is expensive (you can rent Innovation and Entrepreneurship in the Healthcare Sector: From Idea to Funding to Launch from Amazon as well, for half the price), I would highly recommend that any physician with an entrepreneurial spirit and an urge to start a business, of whatever size, have it on your library bookshelf - as underlined or highlighted as my copy is!