The Business of Pharmacy Podcast™ Blending Entrepreneurship Mindset and Skills | Jonathan Baktari, MD, eNational Testing, e7 Health, & US Drug Test Centers
In this episode of The Business of Pharmacy Podcast, host Mike Koelzer interviews Dr. Jonathan Baktari, an entrepreneur and physician who founded several successful healthcare businesses. They discuss the mindsets and skills needed to be a successful entrepreneur, especially for those with medical and pharmacy backgrounds.
Key Points:
[00:00:15] Introducing Dr. Jonathan Baktari and overview of discussion topics
[00:01:04] Transitioning from medicine into business and healthcare administration
[00:02:30] Getting global perspectives of healthcare by working with various stakeholders
[00:04:28] Changes in physician practice ownership over the past 20 years
[00:06:08] Entrepreneurship requiring specialized skills, not just personality traits
[00:09:01] Taking practical steps to learn about a business before launching it
[00:10:42] Challenges tech entrepreneurs face without industry experience
[00:12:36] Mitigating risks in a thoughtful, step-by-step manner
[00:15:10] Advantages of building technology alongside an existing business
[00:20:03] Creating a "blue ocean" strategy to make competitors irrelevant
[00:24:53] Personality and motivations still important for entrepreneurs
[00:27:53] Maintaining integrity and honesty as core leadership principles
[00:30:06] Clearly defining your competitive positioning and strategy
[00:34:04] Resisting temptation to expand into too many areas
[00:35:47] Dependence on early employees before redundancy is built
[00:40:09] Achieving true redundancy to enable organizational maturity
The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.