Tagged entrepreneur

Counterintuitive… or is it? Premium care leads to lower costs, higher revenue, or…

… “Fail fast, fail cheap – applying the entrepreneur model to 21st century pharmacy.”

If you participate in a Startup Weekend, work with a business incubator, or spend much time at all around 21st century entrepreneurs, you will learn quickly that the model for success in this new economy is rooted in failure.

Oxymoronic?  Counterintuitive? Countermoronic??? Maybe. It also happens to work.

everyone-will-become-entrepreneur-610When I say that the model is rooted in failure, what that means is the mantra of the entrepreneur is “fail fast, fail cheap.” This actually isn’t a new idea. It’s the same notion that Thomas Edison took when subscribing to the notion that every failure of the new fangled electric light bulb was just one step closer to the solution. The trick was to accomplish these “failures” as cheaply as possible and spend a minimal amount of time doing so. The question is, how can we apply this model to 21st century pharmacy?

Ok, I know what you’re thinking. “But Pharmacist Jamie… we’re pharmacists, not entrepreneurs. We’re not founding tech companies… we’re not developing¬† apps that let you put things ‘on the line‘… we are health care providers, not entrepreneurs.”

Yeah. Let me know how that works out for you. In the meantime I’ve got a suggestion: Read more