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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>>>

 

 

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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!

Saturday
Dec292012

As 2013 nears, are you making Resolutions or Commitments?

In the past, I have remarked on my innate resistance to making New Year's Resolutions. I believe these ideas of intention are born out of desperation to change something in our lives that isn't working, and don't offer much more than quivering hope and wishful thinking.

No 2013 resolutions for me ... no siree!!

However, I do have a desire to fulfill a promise I made to myself over 6 years ago ... to reach out to my Entrepreneurial MD reading community via my blog and share thoughts, ideas and questions. And to listen for and learn from your responses.

So I am going public with my 2013 Commitment.

I have found it increasingly hard to sit down regularly and write a short article for this blog. On closer inspection, this lack of activity has come about because I have fallen victim to a form of laziness --- "I'm too busy", "I don't have anything to say today", "I've got this deadline to meet and I must attend to it first" etc..

Sounds like many of us with exercise, correct?

My commitment is to get back into the habit of writing regularly ... as I was doing earlier in the year.

Keeping a commitment feels honorable; sticking to a resolution feels dutiful. Since I generally pride myself on keeping my word and following through (unless my memory fails me, which it does from time to time!), I can live comfortably with the idea that my regular blogging will represent me keeping apromise to myself ... and now to you!

[And guess what? - this only took my 15 minutes to write]

Are you a Resolutions or a Commitment person?

What choices do you want to make for 2013?

Here's to a wonderfully festive, enriching, life-affirming New Year and beyond!! 

Friday
Oct192012

For physician bloggers, a handy guide to getting your word out

Physician bloggers whose online marketing strategy for products or services includes a blog think that successful marketing is about writing as much content as possible. This can lead to burnout.

The real secret is to promote each blog post effectively, rather than writing more often.

This infographic shares some of those secrets - do one third of them and you are well on your way!

30

Courtesy of Andreea Ayers, founder of Launch Grow Joy - with thanks for sharing!