Converting biologists, one step at a time.
Some people consistently make poor choices. Making decisions is a skill. We are not just victims of circumstance. Learn to make good decisions. Make decisions decisively. Move on – operate your decision. Monitor your progress over time. Don’t let the learning process hamstring your ability to move forwards.
[This article is part of the Innovation Snippets series]
Professionals choose a path and make demonstrable progress along it.
There is no punishment for choosing the wrong path if you can at least justify your progress.
Investors will ask, “Why this path?”
Can you give simple, coherent answers as to why you rejected the alternatives?
[This article is part of the Innovation Snippets series]
Lowers the cost of bringing ML products to market, thus lowering the threshold of returns considered to be high-value.
[This article is part of the Innovation Snippets series]
ML as a product needs to be either
Finding a scalable opportunity from zero is hard work. Start with a high-value niche!
[This article is part of the Innovation Snippets series]
There are two main healthcare business models:
Leave infrastructure to somebody else.
[This article is part of the Innovation Snippets series]
Solving a real clinical need is the best product fit in healthcare.
[This article is part of the Innovation Snippets series]
Building a company is building a machine which turns processes into sales.
[This article is part of the Innovation Snippets series]
Sell more. It’s the fastest way to increase income. This is far easier to achieve than operational efficiencies and tax optimisations.
[This article is part of the Innovation Snippets series]
Ask the candidate their primary motivation early on. You need to understand this.
What are you offering to them?
Delay hiring as long as possible. Outsource instead, it teaches discipline and is considerably better for your burn rate.
Make one person responsible for the process.
Put processes in place.
[This article is part of the Innovation Snippets series]
A lot of teams ask me how to get through an accelerator. I use the following as a North Star:
Does this decision take me closer to, or further away from, funding?
Entrepreneurs who cannot get this have not made the operative shift to founding.
[This article is part of the Innovation Snippets series]