10 entrepreuenrship insights, with michael burcham
Post on 18-Oct-2014
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Listen to the full interview at www.33voices.com/michael-burcham/audio Michael Burcham has extensive experience in healthcare innovation, entrepreneurship, and startup venture coaching. He served as President of ParadigmHealth, a provider and integrator of care and disease management services for health plans and employers, from 2001-2007. He also founded and served as President of Theraphysics, a venture-backed specialty healthcare firm managing rehabilitation services, from 1992-2000. He is founder and Director of the Accelerator Summer Business Institute, a 4-week intensive immersion program designed to challenge undergraduate students to develop their own personal brands and business skills. At the Owen Graduate School of Management, Michael teaches healthcare innovation and strategy. He is passionate about helping the creative class transform their ideas into real businesses, and looks to the Entrepreneur Center as an opportunity to revolutionize Nashville’s entrepreneurial ecosystem and creative venture development on a large scale. Michael received his PhD in Healthcare Administration from the Medical University of South Carolina in 2003.TRANSCRIPT
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intelligent insights to advance your business and life
10 Entrepreneurship insights from the Nashville Entrepreneur Center
The following represents 10 highlights from the interview by @MoeAbdou,
founder & host of 33voices®.
Michael BurchamHas extensive experience in health-care innovation, entrepreneurship,
and startup venture coaching.
He served as President of Paradigm-Health, a provider and integrator of care and disease management ser-
vices for health plans and employers, from 2001-2007.
@MichaelRBurcham
Stream interview Watch videoWatch videoNo.1
Always strive to build a business
that’s investor worthy -
it stretches your vision.
Stream interview Watch videoWatch videoNo.2
Frame the problem you’re solving with your solution inside a scalable business model.your odds of getting early traction
will improve.
Stream interview Watch videoWatch videoNo.3
When refining the problem, be cautious not to confuse the symptomwith the root cause of your customer’s real pain.
Stream interview Watch videoWatch videoNo.4
If you build something to solve your own problems, your initial users are going to be your peers.
recruit them early.
Stream interview Watch videoWatch videoNo.5
Get your customers involved early
in your product evolution.it’s likely to lead to a better and a more scaleable product.
Stream interview Watch videoWatch videoNo.6
Make it a priority to distinguish between users and revenue generating users;
the latter ignite your business;the former likely slow it down.
Stream interview Watch videoWatch videoNo.6
Make it a priority to distinguish between users and revenue generating users
the latter ignite your business, the former likely slow it down.
33voicesMichael Burcham - Revenue Generating Users
Stream interview Watch videoWatch videoNo.7
In growing your team, it’s essential to have someone with deep industry knowledge.
it’s often your defining advantage.
Stream interview Watch videoWatch videoNo.8
Founders who transcend into running the business
understand that scale matters
they evolve into business leaders, and not just product builders.
Stream interview Watch videoWatch videoNo.9
To enhance your team unity, create an inclusive culture with a relentless pursuitto continually create an ‘insanely great’ customer experience.
Stream interview Watch videoWatch videoNo.10
The question to ask about an early stage startup is not “is this company taking over the world?”
but “how big could this company get if the founders did the right things?”
- Paul Graham
Really reflect...
What did you learn last week and what does your current list of assumptions look like?
Really reflect...
