Latest / Clinician to CEO : Export Your Medical Device With Confidence By Overcoming Go To Market Roadblocks For Medtech Growth / #210 | 7 Essential Steps to Commercialise & Export Your Medical Device (For Clinicians)
Transcript
- 0:00One
- 0:00thing
- 0:00that
- 0:00you're
- 0:00gonna
- 0:00learn
- 0:01on
- 0:01today's
- 0:01episode
- 0:02is
- 0:02how
- 0:02to
- 0:02take
- 0:03your
- 0:03medical
- 0:03device
- 0:04from
- 0:04idea
- 0:05to
- 0:05successful
- 0:05commercial
- 0:06launch
- 0:06without
- 0:07skipping
- 0:07the
- 0:07steps
- 0:08that
- 0:08matter
- 0:08most
- 0:09Welcome
- 0:09to
- 0:09Clinician
- 0:10to
- 0:10CEO,
- 0:11the
- 0:11podcast
- 0:12helping
- 0:13clinicians
- 0:13simplify
- 0:14your
- 0:14go-to-market
- 0:15strategy
- 0:15so
- 0:15that
- 0:15you
- 0:16can
- 0:16stop
- 0:16guessing
- 0:17and
- 0:17turn
- 0:18your
- 0:18working
- 0:18prototypes
- 0:19into
- 0:19international
- 0:20MedTech
- 0:20businesses.
- 0:21I'm
- 0:21your
- 0:22host,
- 0:22Hakeem
- 0:22Aade.
- 0:23Let's
- 0:24get
- 0:24started.
- 0:25so
- 0:25there's
- 0:25three
- 0:25things
- 0:26you'll
- 0:26discover
- 0:26in
- 0:26this
- 0:26episode.
- 0:27Number
- 0:27one,
- 0:28the
- 0:28seven
- 0:28stages
- 0:29every
- 0:29successful
- 0:30medical
- 0:30device
- 0:31business
- 0:31goes
- 0:31through
- 0:32before
- 0:32it
- 0:32scales.
- 0:33Number
- 0:33two,
- 0:34why
- 0:34most
- 0:34founders
- 0:34focus
- 0:35on
- 0:35launch
- 0:35instead
- 0:35of
- 0:36what
- 0:36happens
- 0:36before
- 0:36it.
- 0:36And
- 0:37number
- 0:37three,
- 0:37how
- 0:38to
- 0:38avoid
- 0:38the
- 0:38commercial
- 0:39mistakes
- 0:39that
- 0:39stop
- 0:40great
- 0:40products
- 0:40from
- 0:40gaining
- 0:41traction
- 0:41If
- 0:41you
- 0:42ask
- 0:42most
- 0:42founders
- 0:43how
- 0:43to
- 0:43launch
- 0:43a
- 0:43medical
- 0:44device,
- 0:44they'll
- 0:44probably
- 0:45start
- 0:45talking
- 0:45about
- 0:45regulation,
- 0:46manufacturing,
- 0:47or
- 0:47raising
- 0:47investment.
- 0:48The
- 0:48problem
- 0:48is
- 0:48that
- 0:49by
- 0:49the
- 0:49time
- 0:49you're
- 0:49thinking
- 0:50about
- 0:50those
- 0:50things,
- 0:51you've
- 0:51already
- 0:51made
- 0:52many
- 0:52of
- 0:52the
- 0:52decisions
- 0:53that
- 0:54determine
- 0:54whether
- 0:54your
- 0:55product
- 0:55succeeds
- 0:56or
- 0:56struggles.
- 0:57So
- 0:57today,
- 0:57I'm
- 0:57gonna
- 0:58walk
- 0:58you
- 0:58through
- 0:58the
- 0:58seven
- 0:59stages
- 0:59that
- 1:00every
- 1:00clinician
- 1:01founder
- 1:01should
- 1:01go
- 1:02through
- 1:02before
- 1:02launching
- 1:03their
- 1:03first
- 1:04medical
- 1:04device.
- 1:05So
- 1:05step
- 1:06one,
- 1:06validate
- 1:07the
- 1:07problem.
- 1:08Don't
- 1:08fall
- 1:08in
- 1:09love
- 1:09with
- 1:09your
- 1:09own
- 1:09solution.
- 1:10Firstly,
- 1:11make
- 1:11sure
- 1:11that
- 1:12you're
- 1:12solving
- 1:12a
- 1:12genuine
- 1:13clinical
- 1:13and
- 1:13commercial
- 1:14problem
- 1:14that
- 1:14people
- 1:15actually
- 1:15want
- 1:16solved.
- 1:16So
- 1:16therefore,
- 1:17speak
- 1:17to
- 1:17clinicians,
- 1:18speak
- 1:18to
- 1:18procurement,
- 1:19speak
- 1:19to
- 1:19hospital
- 1:20managers.
- 1:20Find
- 1:21out
- 1:21whether
- 1:21the
- 1:21problem
- 1:22is
- 1:22important
- 1:22enough
- 1:23that
- 1:23people
- 1:23are
- 1:23willing
- 1:24to
- 1:24change
- 1:24the
- 1:24way
- 1:25they
- 1:25work
- 1:25because
- 1:25if
- 1:26the
- 1:26problem
- 1:26isn't
- 1:27worth
- 1:27solving,
- 1:28nothing
- 1:28else
- 1:29matters.
- 1:29Step
- 1:30two,
- 1:30validate
- 1:31the
- 1:31solution.
- 1:31Now
- 1:32prove
- 1:32that
- 1:33your
- 1:33solution
- 1:33is
- 1:34the
- 1:34right
- 1:34answer
- 1:35to
- 1:35that
- 1:35problem.
- 1:35Get
- 1:36honest
- 1:36feedback
- 1:36early.
- 1:37Challenge
- 1:37your
- 1:37assumptions.
- 1:38Listen
- 1:39to
- 1:39objections
- 1:40because
- 1:40the
- 1:40market
- 1:41will
- 1:41always
- 1:42find
- 1:42the
- 1:42weaknesses
- 1:42in
- 1:43your
- 1:43product,
- 1:43So
- 1:43it's
- 1:43far
- 1:44better
- 1:44that
- 1:44you
- 1:44discover
- 1:45those
- 1:45objections
- 1:46before
- 1:47launch.
- 1:47Then
- 1:47moving
- 1:48on
- 1:48to
- 1:48step
- 1:48three,
- 1:48build
- 1:49your
- 1:49evidence.
- 1:49Evidence
- 1:50is
- 1:50about
- 1:50much
- 1:51more
- 1:51than
- 1:51clinical
- 1:51outcomes.
- 1:52The
- 1:52question
- 1:53is,
- 1:53can
- 1:53you
- 1:53demonstrate
- 1:54value,
- 1:54and
- 1:54how
- 1:55is
- 1:55that
- 1:55value
- 1:55defined?
- 1:56Can
- 1:56you
- 1:57improve
- 1:57workflows?
- 1:58Can
- 1:58you
- 1:58reduce
- 1:59costs?
- 1:59Can
- 1:59you
- 2:00save
- 2:00time?
- 2:00Can
- 2:01you
- 2:01improve
- 2:01patient
- 2:02outcomes?
- 2:02The
- 2:03strongest
- 2:03evidence
- 2:04tells
- 2:04a
- 2:04commercial
- 2:05story,
- 2:06not
- 2:06just
- 2:06a
- 2:06clinical
- 2:07one.
- 2:07Step
- 2:08four,
- 2:08build
- 2:09your
- 2:09go-to-market
- 2:10strategy.
- 2:10Now
- 2:10ask
- 2:11yourself,
- 2:11who's
- 2:11actually
- 2:12gonna
- 2:12buy
- 2:12this?
- 2:13Who's
- 2:13influencing
- 2:14the
- 2:14decision?
- 2:14How
- 2:14are
- 2:15you
- 2:15going
- 2:15to
- 2:15reach
- 2:15them?
- 2:16Why
- 2:16will
- 2:16they
- 2:16choose
- 2:17you
- 2:17instead
- 2:17of
- 2:17doing
- 2:18nothing,
- 2:18and
- 2:18what
- 2:19needs
- 2:19to
- 2:19happen
- 2:20before
- 2:20they
- 2:20can
- 2:20confidently
- 2:21say
- 2:21yes?
- 2:22A
- 2:22brilliant
- 2:22product
- 2:23without
- 2:23a
- 2:23clear
- 2:24and
- 2:24compelling
- 2:25go-to-market
- 2:25strategy
- 2:26is
- 2:26still
- 2:26just
- 2:27a
- 2:27brilliant
- 2:27idea.
- 2:27So
- 2:28in
- 2:28my
- 2:28experience,
- 2:28this
- 2:29is
- 2:29where
- 2:29most
- 2:29founders
- 2:29go
- 2:30wrong
- 2:30because
- 2:30they
- 2:30spend
- 2:31months
- 2:31preparing
- 2:31to
- 2:31launch,
- 2:32but
- 2:32very
- 2:32little
- 2:32time
- 2:33planning
- 2:33how
- 2:33they're
- 2:34gonna
- 2:34sell
- 2:34it,
- 2:34get
- 2:34it
- 2:34adopted,
- 2:35and
- 2:35then
- 2:36scale
- 2:36it
- 2:36And
- 2:36that's
- 2:37why
- 2:37this
- 2:37step
- 2:37four
- 2:38is
- 2:38often
- 2:39the
- 2:39difference
- 2:39between
- 2:40a
- 2:40product
- 2:40that
- 2:40launches
- 2:41and
- 2:41a
- 2:41product
- 2:42that
- 2:42grows.
- 2:42And
- 2:42if
- 2:43you
- 2:43remember
- 2:43just
- 2:43one
- 2:44thing
- 2:44from
- 2:44this
- 2:44episode,
- 2:45remember
- 2:45this:
- 2:45regulation
- 2:46gets
- 2:46you
- 2:46approved,
- 2:47a
- 2:47go-to-market
- 2:48strategy
- 2:48gets
- 2:49you
- 2:49adopted
- 2:49Step
- 2:50five,
- 2:50prepare
- 2:51for
- 2:51launch.
- 2:52Now
- 2:52bring
- 2:52everything
- 2:53together:
- 2:53regulation,
- 2:54manufacturing,
- 2:55pricing,
- 2:56reimbursement,
- 2:56training,
- 2:57distribution.
- 2:57Everything
- 2:58should
- 2:58now
- 2:59support
- 2:59the
- 2:59strategy
- 3:00that
- 3:00you've
- 3:00already
- 3:01built,
- 3:01not
- 3:01replace
- 3:02it.
- 3:02Step
- 3:02six,
- 3:03launch.
- 3:04Start
- 3:04smaller
- 3:04than
- 3:05you
- 3:05think.
- 3:05Choose
- 3:05the
- 3:05right
- 3:06market.
- 3:06Choose
- 3:06the
- 3:06right
- 3:07customers.
- 3:07Choose
- 3:08the
- 3:08right
- 3:08partners.
- 3:09Learn
- 3:09from
- 3:09your
- 3:10early
- 3:10adopters
- 3:10before
- 3:11trying
- 3:11to
- 3:11scale
- 3:12internationally.
- 3:12A
- 3:13successful
- 3:13launch
- 3:14isn't
- 3:14about
- 3:14making
- 3:15the
- 3:15biggest
- 3:15splash.
- 3:15It's
- 3:16about
- 3:16building
- 3:16momentum.
- 3:17Step
- 3:17seven,
- 3:18the
- 3:18final
- 3:18stage,
- 3:19learn
- 3:19and
- 3:19scale.
- 3:20Launching
- 3:21is
- 3:21not
- 3:21the
- 3:21finish
- 3:22line.
- 3:22It's
- 3:22the
- 3:22beginning.
- 3:23Measure
- 3:23adoption,
- 3:24collect
- 3:24feedback,
- 3:25support
- 3:26your
- 3:26distributors,
- 3:26refine
- 3:27your
- 3:27messaging,
- 3:28improve
- 3:28your
- 3:29commercial
- 3:29strategy,
- 3:30then
- 3:30repeat
- 3:30the
- 3:30process
- 3:31as
- 3:31you
- 3:31expand
- 3:32into
- 3:32new
- 3:32markets.
- 3:33The
- 3:33companies
- 3:33that
- 3:34scale
- 3:34fastest
- 3:35are
- 3:35usually
- 3:35the
- 3:35ones
- 3:36that
- 3:36learn
- 3:37the
- 3:37fastest.
- 3:37So
- 3:38over
- 3:38to
- 3:38you,
- 3:39your
- 3:39action,
- 3:39the
- 3:40seven-step
- 3:40launch
- 3:41audit,
- 3:41and
- 3:41it's
- 3:41not
- 3:41gonna
- 3:42be
- 3:42anything
- 3:42complicated,
- 3:43so
- 3:43don't
- 3:43worry.
- 3:43Before
- 3:44you
- 3:44move
- 3:44on
- 3:44to
- 3:44the
- 3:44next
- 3:45stage
- 3:45of
- 3:45your
- 3:45business,
- 3:46carry
- 3:46out
- 3:46a
- 3:46quick
- 3:47launch
- 3:47audit.
- 3:47Score
- 3:48yourself
- 3:48from
- 3:49one
- 3:49to
- 3:4910
- 3:49against
- 3:50each
- 3:50of
- 3:50these
- 3:50seven
- 3:50stages.
- 3:51Number
- 3:51one,
- 3:52problem
- 3:52validation.
- 3:53Number
- 3:53two,
- 3:53solution
- 3:54validation.
- 3:54Number
- 3:55three,
- 3:55evidence.
- 3:56Number
- 3:56four,
- 3:57go-to-market
- 3:57strategy.
- 3:58Number
- 3:58five,
- 3:59launch
- 3:59readiness.
- 4:00Number
- 4:00six,
- 4:01launch,
- 4:02and
- 4:02then
- 4:02number
- 4:02seven,
- 4:03learn
- 4:03and
- 4:03scale.
- 4:04So
- 4:04once
- 4:04you've
- 4:04scored
- 4:05yourself,
- 4:05ask
- 4:05yourself
- 4:06two
- 4:06questions.
- 4:07Firstly,
- 4:08which
- 4:08low
- 4:08score
- 4:09is
- 4:09actually
- 4:09blocking
- 4:10progress?
- 4:11Because
- 4:11not
- 4:11every
- 4:12weak
- 4:12area
- 4:13matters
- 4:13today.
- 4:14So
- 4:14don't
- 4:14just
- 4:14look
- 4:14at
- 4:14the
- 4:14lowest
- 4:14score.
- 4:15Secondly,
- 4:15which
- 4:16area
- 4:17are
- 4:17you
- 4:17over-investing
- 4:18in?
- 4:18Because
- 4:19let's
- 4:19be
- 4:19honest,
- 4:19you're
- 4:20just
- 4:20avoiding
- 4:20the
- 4:20harder
- 4:21questions.
- 4:21Sometimes
- 4:22founders,
- 4:23spend
- 4:24months
- 4:24building
- 4:25more
- 4:25evidence
- 4:25or
- 4:25refining
- 4:26the
- 4:26product
- 4:26to
- 4:26death
- 4:27or
- 4:27perfecting
- 4:28the
- 4:28pitch
- 4:28deck
- 4:28when
- 4:28what
- 4:29they
- 4:29really
- 4:29need
- 4:29to
- 4:29do
- 4:30is
- 4:30test
- 4:30the
- 4:30market.
- 4:31and
- 4:31I
- 4:31know
- 4:31you're
- 4:31not
- 4:31one
- 4:31of
- 4:32those,
- 4:32of
- 4:32course,
- 4:32So
- 4:32once
- 4:33you've
- 4:33marked
- 4:33yourself
- 4:33out
- 4:33of
- 4:33ten
- 4:33for
- 4:33each
- 4:34of
- 4:34those
- 4:34areas,
- 4:34and
- 4:34then
- 4:34you've
- 4:35asked
- 4:35those
- 4:35two
- 4:36questions
- 4:36honestly,
- 4:37then
- 4:37finally
- 4:38what
- 4:38I
- 4:38want
- 4:38you
- 4:38to
- 4:39do
- 4:39is
- 4:39choose
- 4:39one
- 4:39priority
- 4:40for
- 4:40the
- 4:40next
- 4:41seven
- 4:41days
- 4:42that's
- 4:42gonna
- 4:42move
- 4:42your
- 4:42business
- 4:42forward.
- 4:43Not
- 4:43seven
- 4:43priorities,
- 4:44just
- 4:44one,
- 4:45because
- 4:45progress
- 4:46comes
- 4:46from
- 4:46fixing
- 4:47the
- 4:47constraint
- 4:47that's
- 4:47holding
- 4:48your
- 4:48business
- 4:48back,
- 4:49not
- 4:49from
- 4:49just
- 4:49working
- 4:50on
- 4:50everything
- 4:50or
- 4:50working
- 4:50on,
- 4:51the
- 4:51one
- 4:51that
- 4:51has
- 4:51the
- 4:51lowest
- 4:51score.
- 4:52So
- 4:52in
- 4:53summary,
- 4:53launching
- 4:54a
- 4:54medical
- 4:54device
- 4:55isn't
- 4:55a
- 4:55single
- 4:56event.
- 4:56It's
- 4:56a
- 4:56series
- 4:57of
- 4:57commercial
- 4:58decisions.
- 4:58So
- 4:59get
- 4:59those
- 4:59decisions
- 4:59right,
- 5:00and
- 5:00you
- 5:00dramatically
- 5:01improve
- 5:02your
- 5:02chances
- 5:02of
- 5:02adoption,
- 5:03sales,
- 5:04and
- 5:04hence
- 5:04long-term
- 5:05success
- 5:06Hakeem: And
- 5:06Hakeem: if
- 5:06Hakeem: you're
- 5:07Hakeem: building
- 5:07Hakeem: a
- 5:08Hakeem: MedTech
- 5:08Hakeem: business
- 5:09Hakeem: and
- 5:09Hakeem: you're
- 5:09Hakeem: not
- 5:10Hakeem: sure
- 5:10Hakeem: whether
- 5:10Hakeem: your
- 5:10Hakeem: next
- 5:11Hakeem: move
- 5:11Hakeem: should
- 5:11Hakeem: be
- 5:11Hakeem: around
- 5:11Hakeem: evidence,
- 5:12Hakeem: market
- 5:12Hakeem: access,
- 5:13Hakeem: commercialization,
- 5:14Hakeem: distributor
- 5:14Hakeem: strategy.
- 5:15Hakeem: Or
- 5:15Hakeem: adoption.
- 5:16Hakeem: Do
- 5:16Hakeem: not
- 5:17Hakeem: guess.
- 5:17Hakeem: Book
- 5:18Hakeem: a
- 5:18Hakeem: healthcare
- 5:18Hakeem: export
- 5:18Hakeem: accelerator
- 5:19Hakeem: diagnostic
- 5:20Hakeem: Call
- 5:20Hakeem: with
- 5:20Hakeem: me.
- 5:21Hakeem: Use
- 5:21Hakeem: my
- 5:21Hakeem: link
- 5:22Hakeem: in
- 5:22Hakeem: the
- 5:22Hakeem: show
- 5:22Hakeem: notes.
- 5:23Hakeem: And
- 5:23Hakeem: in
- 5:23Hakeem: that
- 5:23Hakeem: session
- 5:24Hakeem: I'll
- 5:24Hakeem: help
- 5:24Hakeem: you
- 5:24Hakeem: identify
- 5:25Hakeem: the
- 5:25Hakeem: specific
- 5:26Hakeem: constraints
- 5:27Hakeem: blocking
- 5:27Hakeem: your
- 5:27Hakeem: momentum
- 5:28Hakeem: and
- 5:28Hakeem: the
- 5:29Hakeem: commercial
- 5:29Hakeem: move
- 5:30Hakeem: most
- 5:30Hakeem: likely
- 5:30Hakeem: to
- 5:31Hakeem: unlock
- 5:31Hakeem: your
- 5:31Hakeem: progress.
- 5:32Hakeem: Thanks
- 5:32Hakeem: for
- 5:32Hakeem: tuning
- 5:33Hakeem: in.
- 5:33Hakeem: Until
- 5:34Hakeem: next
- 5:34Hakeem: time,
- 5:34Hakeem: thanks
- 5:35Hakeem: for
- 5:35Hakeem: listening.
- 5:35Hakeem: Keep
- 5:36Hakeem: challenging
- 5:36Hakeem: your
- 5:36Hakeem: assumptions
- 5:37Hakeem: and
- 5:37Hakeem: keep
- 5:38Hakeem: growing.