5 Traits That Make Doctors Great Entrepreneurs

Doctors often have the skills for being great entrepreneurs and they often dont know it

. For example, most physicians have excellent abilities to research at making sure their patients are getting the most current medical information. Docs often are great managers, overseeing an individual patients treatment as well as a busy practice. They are often great managers and are a virtual Houdini at finding a few minutes to do everything How else could one explain how we fit so many patients in a day?

Lets look at typical physician qualities that can make for successful business owners:

1. Management Skills

Youve learned how to manage both people, staff, and your own time (and sanity, hopefully)

2. Persuasion Skills

In many different businesses, the ability to persuade is a crucial quality for business success. Weve persuaded people all our lives in determining the correct medical regimen a great skill to have when selling stuff.

3. Ability to think on-your-feet

As a physician, youve had to be able to make quick decisions at a moments notice, at often life and death situations. Responsibility and being able to compromise to lead to the best outcome cant be minimized.

4. Research Skills

Youve spent a lot of time going to conferences, attending continuing medical education courses, and then synthesizing and interpreting that for patients. This trait goes along way in explaining complex products, evaluating your competitors and understanding systems.

5. Problem solving Skills

Probably one of the most important skills. No one needs someone to make excuses entrepreneurs make the tough decisions, and find the quickest answer in determining a solution.

Ive always said my skills as a marketer and entrepreneur stemmed from my understanding in medical school. Often times its recognition of these skills, often lead to the foundations of business success.

by: Michael Woo-Ming

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