Finding Your Clear Path: Why Most Healthcare Innovations Struggle to Scale (And How to Fix It)
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Ever feel like scaling your business is like driving an ATV through a muddy jungle? š»
This week, on the podcast, I shared a personal story from Bali that mirrors the challenges healthcare innovators face every day. From muddy trails to steep climbs, itās all about finding clarity in chaos.
Hereās what we cover:
ā Why exponential growth (10X) might actually be simpler than small-scale improvements (2X).
ā Real-world challenges health innovators face when scaling.
ā Lessons from the ATV trail: momentum, control, and clarity.
ā Proven strategies for breaking through barriers in HealthTech.
Ready to take your innovation to the next level?
šļø Listen now and discover the clear path to growth thatās waiting for you.
Major Talking Points:
- Lessons from the Jungle Trail
- Maintain momentum on steep climbs (even when counterintuitive).
- Controlled execution for descentsābalance and timing are key.
- 10X vs. 2X Mindset
- Inspired by Dan Sullivan and Dr. Benjamin Hardyās book.
- Why reimagining your approach yields better results than small tweaks.
- Common Scaling Challenges
- Founder case study: Struggling to scale an AI-powered tool despite early wins.
- Obstacles like scattered efforts and unclear priorities.
- The Clear Path Principle
- Importance of focusing on one core strategy.
- Clarity as a competitive advantage in healthcare innovation.
- 10X Growth Strategies
- Strategic focus on high-value activities.
- Building scalable systems and transformative solutions.
- Real-World Applications
- Market entry, team-building, and technology prioritization.
- Practical frameworks for exponential growth in healthcare.
- Next Steps for Innovators
- Connect with the right advisors and frameworks.
- Invitation to HealthTech Showdown for personalized insights.
Additional Resources:
- Monthly HealthTech Showdown ā HealthTechShowdown.com.
- Driving Forward: Navigating Unprecedented Success and Innovation: https://youtu.be/cisa1xtbefw?si=G-zEUMmNBWj0BPxs
- Are You Fighting the Right Battles in Your HealthTech Journey? https://www.linkedin.com/pulse/you-fighting-right-battles-your-healthtech-journey-sabrina-8nv2c/?trackingId=XSdv0A3FTGaWSIzI2zggvw%3D%3D
- Navigating Health Tech Capital Fundraising: Strategies for Success: https://www.linkedin.com/pulse/navigating-health-tech-capital-fundraising-strategies-sabrina-p6e1c/?trackingId=JbOBq7EDRqyOi4is5JPmpw%3D%3D
Timestamped Highlights:
00:01:24 - ATV Ride in Bali: A Business Metaphor
00:04:59 - Controlled Ways to Navigate Challenges
00:06:46 - Nervousness as a Motivator or Hindrance
00:09:30 - Documenting and Understanding Business Domains
00:13:04 - Positioning and Messaging in Early Stage
00:16:45 - The 10x is Easier Than 2x Principle
00:20:23 - Avoiding Superficial Advice
00:23:06 - Goal Alignment and Contingency Planning
00:26:06 - Focus Funnel: Daily, Delegate, Automate, Delay, Dedicate
00:29:00 - Managing Multiple Responsibilities
00:29:32 - Health Tech Showdown Announcement
00:30:48 - Doing the Right Things for Support
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š§ SabrinaRunbeck.com/Podcast
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278 episodes