Latest / Clinician to CEO : Export Your Medical Device With Confidence By Overcoming Go To Market Roadblocks For Medtech Growth / #175 | The 4 Ps Clinicians Must Fix Before Your Medical Device Will Scale
Transcript
- 0:00In
- 0:00this
- 0:00episode,
- 0:01you're
- 0:01gonna
- 0:01learn
- 0:02the
- 0:02four
- 0:02Ps
- 0:03that
- 0:03determine
- 0:04whether
- 0:04your
- 0:04med
- 0:04tech
- 0:05actually
- 0:05gets
- 0:06adopted
- 0:06and
- 0:06not
- 0:07just
- 0:07admired
- 0:08if
- 0:08you've
- 0:09got
- 0:09regulatory
- 0:09approval
- 0:10but
- 0:10no
- 0:10traction.
- 0:11This
- 0:11will
- 0:11show
- 0:12you
- 0:12exactly
- 0:12where
- 0:13your
- 0:13launch
- 0:13is
- 0:13breaking
- 0:14down.
- 0:15Welcome
- 0:16to
- 0:16Clinician
- 0:16to
- 0:16CEO,
- 0:17the
- 0:18podcast
- 0:18helping
- 0:19clinicians
- 0:19simplify
- 0:20your
- 0:20go-to-market
- 0:21strategy
- 0:21so
- 0:22that
- 0:22you
- 0:22can
- 0:22stop
- 0:22guessing
- 0:23and
- 0:23turn
- 0:24your
- 0:24working
- 0:24prototypes
- 0:25into
- 0:25international
- 0:26MedTech
- 0:26businesses.
- 0:27I'm
- 0:28your
- 0:28host,
- 0:28Hakeem
- 0:29Aade.
- 0:29Let's
- 0:30get
- 0:30started.
- 0:31Now,
- 0:31the
- 0:31reason
- 0:32for
- 0:32this
- 0:32episode
- 0:33is
- 0:33simple.
- 0:34I
- 0:34keep
- 0:34seeing
- 0:35technically
- 0:35strong
- 0:36MedTech
- 0:37products
- 0:37stall
- 0:38after
- 0:38launch.
- 0:39Not
- 0:39because
- 0:39the
- 0:39device
- 0:40is
- 0:40poor,
- 0:40but
- 0:41because
- 0:41something
- 0:41critical
- 0:42in
- 0:42the
- 0:42launch
- 0:43was
- 0:43weak
- 0:44and
- 0:44when
- 0:44that
- 0:44happens,
- 0:45going
- 0:46deeper
- 0:46in
- 0:46tactics
- 0:47doesn't
- 0:47fix
- 0:48it.
- 0:48You
- 0:48need
- 0:48to
- 0:48step
- 0:49back
- 0:49and
- 0:49ask
- 0:50what's
- 0:50actually
- 0:51structurally
- 0:51wrong
- 0:51here?
- 0:52So
- 0:52today
- 0:53is
- 0:53it
- 0:53a
- 0:53deep
- 0:53dive
- 0:54into
- 0:54case
- 0:55studies
- 0:55or
- 0:55war
- 0:55stories?
- 0:56It
- 0:56is
- 0:56the
- 0:56core
- 0:57structure,
- 0:57the
- 0:58four
- 0:58Ps
- 0:59that
- 0:59tell
- 0:59you
- 0:59very
- 1:00quickly
- 1:00where
- 1:01your
- 1:01launch
- 1:01is
- 1:01exposed.,
- 1:02And
- 1:02we'll
- 1:03go
- 1:03deeper
- 1:03into
- 1:03each
- 1:04one
- 1:04in
- 1:04later
- 1:05episodes.
- 1:06But
- 1:06first,
- 1:07you
- 1:07need
- 1:07to
- 1:07know
- 1:08where
- 1:08the
- 1:08cracks
- 1:09actually
- 1:09are
- 1:09and
- 1:09the
- 1:09four
- 1:10Ps
- 1:10of
- 1:10the
- 1:10MedTech
- 1:11product
- 1:11launch
- 1:11are
- 1:12not
- 1:13textbook
- 1:13marketing
- 1:14jargon.
- 1:15This
- 1:15is
- 1:15the
- 1:15real
- 1:16world
- 1:16version,
- 1:17born
- 1:17out
- 1:18of
- 1:18experience.
- 1:19So
- 1:19what
- 1:19are
- 1:19the
- 1:19four
- 1:20Ps?
- 1:20Number
- 1:20one,
- 1:21product
- 1:22number
- 1:22two,
- 1:22proof.
- 1:23Number
- 1:23three,
- 1:24pathway
- 1:25number
- 1:25four.
- 1:26People
- 1:27miss
- 1:27one
- 1:28and
- 1:28you
- 1:28stall.
- 1:29So
- 1:30let's
- 1:30get
- 1:30into
- 1:30it
- 1:30and
- 1:30break
- 1:31it
- 1:31down.
- 1:31So
- 1:32number
- 1:32one
- 1:32product,
- 1:33is
- 1:34it
- 1:34actually
- 1:34commercially
- 1:35relevant
- 1:35now?
- 1:36Most
- 1:36founders
- 1:37obsess
- 1:37over
- 1:38the
- 1:38product.
- 1:39And
- 1:39rightly
- 1:39so.
- 1:40They
- 1:40look
- 1:40at
- 1:40the
- 1:40cace
- 1:40mark,
- 1:41they
- 1:41look
- 1:41at
- 1:41FDA
- 1:42clearance,
- 1:42they
- 1:42look
- 1:42at
- 1:42engineering
- 1:43perfection.
- 1:44But
- 1:44here's
- 1:45the
- 1:45uncomfortable
- 1:46truth.
- 1:46Regulatory
- 1:47approval.
- 1:48And
- 1:48engineering
- 1:48perfection
- 1:49does
- 1:50not
- 1:50equal
- 1:51commercial
- 1:51redness
- 1:52or
- 1:52commercial
- 1:52success.
- 1:53So
- 1:53I
- 1:53want
- 1:53you
- 1:53to
- 1:53ask
- 1:54yourself,
- 1:55if
- 1:55the
- 1:55product
- 1:55easy
- 1:56to
- 1:56explain
- 1:56in
- 1:5630
- 1:56seconds?
- 1:57Does
- 1:58it
- 1:58fit
- 1:59into
- 1:59existing
- 1:59workflows?
- 2:01Does
- 2:01it
- 2:01require
- 2:02behavior
- 2:02change
- 2:03or
- 2:03not?,
- 2:04And
- 2:04is
- 2:05pricing
- 2:05aligned
- 2:06with
- 2:06the
- 2:06perceived
- 2:07value
- 2:08of
- 2:08the
- 2:08customers,
- 2:09not
- 2:09what
- 2:09you
- 2:09think
- 2:10it's
- 2:10worth,
- 2:10but
- 2:10what
- 2:11the
- 2:11customers
- 2:12think
- 2:12it's
- 2:12worth.
- 2:13Now,
- 2:13if
- 2:13the
- 2:14answer.
- 2:14To
- 2:15those
- 2:15questions
- 2:16means
- 2:16that
- 2:17friction
- 2:17gets
- 2:17introduced
- 2:18into
- 2:18the
- 2:18system,
- 2:19then
- 2:19that's
- 2:20the
- 2:20problem.
- 2:20It's
- 2:21not
- 2:21the
- 2:21product.
- 2:21For
- 2:22example,
- 2:22if
- 2:22a
- 2:22nurse
- 2:23has
- 2:23to
- 2:23change
- 2:23routine,
- 2:24you
- 2:24have
- 2:24friction.
- 2:25If
- 2:25you're
- 2:25selling
- 2:26the
- 2:26products
- 2:26for
- 2:2750
- 2:27pounds
- 2:28and
- 2:28every
- 2:28customer
- 2:28is
- 2:29feeding
- 2:29back
- 2:29that
- 2:29the
- 2:29value
- 2:30of
- 2:30the
- 2:30products
- 2:30is
- 2:3015
- 2:31pounds
- 2:31based
- 2:32on
- 2:32workflow
- 2:32improvements
- 2:33versus
- 2:33what
- 2:34they
- 2:34currently
- 2:34use,
- 2:35then
- 2:35you
- 2:35have
- 2:35friction.
- 2:36And
- 2:36if
- 2:36the
- 2:36people
- 2:37don't
- 2:37understand
- 2:37the
- 2:37benefit
- 2:38to
- 2:38them,
- 2:38and
- 2:38under
- 2:3830
- 2:39seconds
- 2:39you
- 2:39have
- 2:40friction
- 2:40and
- 2:40friction
- 2:41kills
- 2:41adoption.
- 2:42So
- 2:42if
- 2:42the
- 2:42product
- 2:43doesn't
- 2:43tick
- 2:43those
- 2:43boxes,
- 2:44don't
- 2:44launch
- 2:45until
- 2:46it
- 2:46does.
- 2:47And
- 2:47then
- 2:48when
- 2:48it
- 2:48does
- 2:48move
- 2:49on
- 2:49to
- 2:49the
- 2:49second
- 2:49p.
- 2:50Proof.
- 2:51Where
- 2:51is
- 2:51the
- 2:51commercial
- 2:52evidence?
- 2:53Now
- 2:53you
- 2:54telling
- 2:54everyone
- 2:54that
- 2:54the
- 2:55product
- 2:55is
- 2:55great
- 2:55and
- 2:55even
- 2:56clinicians.
- 2:57Saying
- 2:57they
- 2:57love
- 2:57it
- 2:57and
- 2:58telling
- 2:58you
- 2:58that
- 2:59they
- 2:59would
- 2:59love
- 2:59to
- 2:59use
- 2:59it,
- 3:00that's
- 3:00not
- 3:00proof,
- 3:01nor
- 3:02even
- 3:02is
- 3:03two
- 3:03pilots
- 3:03with
- 3:03good
- 3:04feedback.
- 3:04What
- 3:05proof
- 3:05means
- 3:06in
- 3:06this
- 3:06context
- 3:07is
- 3:07measurable
- 3:08outcome
- 3:09improvements.
- 3:11Cost
- 3:11saving
- 3:12or
- 3:12efficiency
- 3:13gains,
- 3:14risk
- 3:14reduction,
- 3:15published
- 3:16or
- 3:16defensible
- 3:16data.
- 3:17This
- 3:18is
- 3:18what
- 3:18proof
- 3:18means
- 3:19in
- 3:19this
- 3:19context,
- 3:20because
- 3:20if
- 3:20you
- 3:20can't
- 3:21quantify
- 3:21impact,
- 3:22procurement
- 3:23won't
- 3:23care,
- 3:24in
- 3:24the
- 3:24uk,
- 3:25bodies
- 3:25like
- 3:25NHS
- 3:26England
- 3:26and
- 3:26NICE
- 3:27are
- 3:27expecting
- 3:27economic
- 3:28justification,
- 3:29not
- 3:29just
- 3:29clinical
- 3:30enthusiasm.
- 3:30In
- 3:31the
- 3:31US
- 3:31you
- 3:32need
- 3:32to
- 3:32understand
- 3:32who
- 3:33gets
- 3:33paid
- 3:33and
- 3:33how
- 3:34if
- 3:34your
- 3:34product
- 3:35needs
- 3:35new
- 3:36reimbursement
- 3:36and
- 3:37CMS
- 3:37coding
- 3:37isn't
- 3:38clear,
- 3:38your
- 3:38climbing
- 3:39uphill,
- 3:39but
- 3:39if
- 3:39you
- 3:40can
- 3:40prove
- 3:40margin
- 3:41protection
- 3:41or
- 3:41cost
- 3:42reduction
- 3:42inside
- 3:42existing
- 3:43payment
- 3:43models,
- 3:44reimbursement
- 3:44isn't
- 3:45the
- 3:45barrier.
- 3:46Economics
- 3:46is.
- 3:47proof,
- 3:47turns,
- 3:47curiosity
- 3:48into
- 3:49people
- 3:49actually
- 3:49making
- 3:50budget
- 3:51available
- 3:51for
- 3:51your
- 3:52products
- 3:52without
- 3:52proof.
- 3:53You
- 3:53may
- 3:53be
- 3:54interesting,
- 3:55but
- 3:55you're
- 3:55not
- 3:55gonna
- 3:55get
- 3:55adopted.
- 3:56So
- 3:56let's
- 3:57say
- 3:57that
- 3:57you've
- 3:57now
- 3:57got
- 3:58the
- 3:58right
- 3:58product.
- 3:59And
- 3:59you've
- 3:59got
- 3:59proof
- 4:00that
- 4:00the
- 4:00product
- 4:01is
- 4:01going
- 4:01to
- 4:01improve
- 4:02something
- 4:02significantly
- 4:03in
- 4:04that
- 4:04facility.
- 4:04So
- 4:05let's
- 4:05say
- 4:05that
- 4:05your
- 4:06product
- 4:06is
- 4:06now
- 4:06commercially
- 4:07ready
- 4:07and
- 4:08that
- 4:08you've
- 4:08got
- 4:08the
- 4:08right
- 4:09proof
- 4:09to
- 4:09present
- 4:10to
- 4:10the
- 4:10facility.
- 4:11You
- 4:11now
- 4:11need
- 4:12to
- 4:12move
- 4:12on
- 4:12to
- 4:12the
- 4:12third
- 4:13P
- 4:13and
- 4:14that
- 4:14pathway.
- 4:15How
- 4:15does
- 4:15the
- 4:16hospital
- 4:16or
- 4:16customer
- 4:17actually
- 4:18buy
- 4:18this?
- 4:19So
- 4:19this
- 4:19is
- 4:19where
- 4:20lots
- 4:20of
- 4:20companies
- 4:21with
- 4:21technically
- 4:22strong
- 4:22products
- 4:23die
- 4:24because
- 4:24they
- 4:24think
- 4:25if
- 4:25the
- 4:25clinician
- 4:25wants
- 4:26it,
- 4:26then
- 4:26it's
- 4:26gonna
- 4:26happen.
- 4:27No,
- 4:28I'm
- 4:28afraid
- 4:28to
- 4:28tell
- 4:29you
- 4:29no.
- 4:30Hospitals
- 4:30buy
- 4:31through
- 4:31processes.
- 4:32They
- 4:32don't
- 4:33buy
- 4:33through
- 4:33passion
- 4:34and
- 4:34enthusiasm.
- 4:35You
- 4:35need
- 4:35to
- 4:35understand
- 4:36simple
- 4:37things
- 4:37like
- 4:37who
- 4:37is
- 4:38the
- 4:38economic
- 4:38buyer?
- 4:39Is
- 4:39this
- 4:39attended
- 4:40category?
- 4:40Does
- 4:41it
- 4:41go
- 4:41through
- 4:41a
- 4:41value
- 4:42analysis
- 4:42committee?
- 4:43When
- 4:43it
- 4:43goes
- 4:43through
- 4:44a
- 4:44value
- 4:44analysis
- 4:45committee,
- 4:45what's
- 4:46the
- 4:46structure?
- 4:47Is
- 4:48it
- 4:48a
- 4:48capital
- 4:48or
- 4:49consumable
- 4:49budget?
- 4:50Does
- 4:51it
- 4:51require
- 4:51coding
- 4:52changes?
- 4:52Because
- 4:53if
- 4:53you
- 4:53don't
- 4:53understand
- 4:54the
- 4:54root,
- 4:55you're
- 4:55gonna
- 4:55waste
- 4:55months
- 4:56pushing
- 4:56in
- 4:57the
- 4:57wrong
- 4:57direction.
- 4:58And
- 4:58here's
- 4:58the
- 4:58thing,
- 4:59actually,
- 5:00even
- 5:00if
- 5:00you
- 5:00understand
- 5:01the
- 5:01process.
- 5:02Processes
- 5:03are
- 5:03not
- 5:04the
- 5:04things
- 5:04that
- 5:04make
- 5:04decisions
- 5:05people
- 5:06do,
- 5:06and
- 5:06that
- 5:06takes
- 5:07us
- 5:07onto
- 5:07to
- 5:07a
- 5:07fourth
- 5:07P,
- 5:08which
- 5:08is
- 5:08people
- 5:09who
- 5:09is
- 5:09actually
- 5:10pushing
- 5:10this
- 5:11forward?
- 5:11And
- 5:12this
- 5:12is
- 5:12where
- 5:12decision
- 5:12making
- 5:13unit
- 5:13mapping
- 5:14comes
- 5:14into
- 5:14play.
- 5:15And
- 5:15I
- 5:15actually
- 5:16could
- 5:16happily
- 5:16do
- 5:17a
- 5:17whole
- 5:17episode
- 5:18on
- 5:18this
- 5:18on
- 5:19its
- 5:19own,
- 5:19and
- 5:19I
- 5:19will
- 5:19do,
- 5:20actually,
- 5:20now
- 5:20I'm
- 5:21thinking
- 5:21about
- 5:21it.
- 5:22So
- 5:22let's
- 5:22start
- 5:22externally
- 5:23first.
- 5:24IE
- 5:24the
- 5:25hospital
- 5:26or
- 5:26the
- 5:26facility
- 5:27that
- 5:27you're
- 5:27trying
- 5:28to
- 5:28get
- 5:28into.
- 5:29So
- 5:29what
- 5:29we
- 5:30need
- 5:30to
- 5:30know
- 5:30is
- 5:31what
- 5:31is
- 5:31the
- 5:31decision
- 5:32making
- 5:32unit
- 5:33in
- 5:33that
- 5:34facility?
- 5:35Do
- 5:35you
- 5:35know
- 5:36who
- 5:36is
- 5:37involved
- 5:37in
- 5:37making
- 5:38decisions
- 5:38and
- 5:39what
- 5:39basis
- 5:40they
- 5:40make
- 5:40those
- 5:40decisions
- 5:41on
- 5:41IE
- 5:41are
- 5:42they
- 5:42a
- 5:42user?
- 5:43And
- 5:43they're
- 5:43making
- 5:43through,
- 5:44the
- 5:44lens
- 5:44of
- 5:45actually
- 5:45usability
- 5:46of
- 5:46that
- 5:46product.
- 5:47Are
- 5:47they
- 5:47an
- 5:47expert
- 5:48in
- 5:48our
- 5:48case,
- 5:48generally
- 5:49clinical?
- 5:49Are
- 5:49they
- 5:49making
- 5:50it
- 5:50through
- 5:50clinical
- 5:50ground?
- 5:51In
- 5:51terms
- 5:51of
- 5:52their
- 5:52decision
- 5:53making
- 5:53or
- 5:53are
- 5:53they
- 5:53an
- 5:53economic,
- 5:54decision
- 5:55maker?
- 5:55So
- 5:55they're
- 5:55just
- 5:55thinking
- 5:56purely
- 5:56about
- 5:56the
- 5:57cost,
- 5:57maybe
- 5:57the
- 5:58cost
- 5:58of
- 5:58the
- 5:58actual
- 5:58unit
- 5:59and
- 5:59also
- 5:59the
- 5:59cost
- 6:00in
- 6:00the
- 6:00long
- 6:01term.
- 6:01And
- 6:02then
- 6:02what's
- 6:03the
- 6:03influence
- 6:04within
- 6:05that
- 6:05decision
- 6:05making
- 6:05unit?
- 6:06Who
- 6:06influences
- 6:07who?
- 6:07'cause
- 6:07you
- 6:07might
- 6:07not
- 6:08always
- 6:08be
- 6:08able
- 6:08to
- 6:08get
- 6:09to
- 6:10the,
- 6:10person
- 6:10who's
- 6:11gonna
- 6:11make
- 6:11the
- 6:11decision,
- 6:11but
- 6:12you
- 6:12might
- 6:12be
- 6:12able
- 6:12to
- 6:12get
- 6:12to
- 6:12the
- 6:12person
- 6:13who's
- 6:13gonna
- 6:13influence.
- 6:14That
- 6:14person.
- 6:15Then
- 6:15you
- 6:15want
- 6:15to
- 6:16know,
- 6:16do
- 6:16you
- 6:16have
- 6:16a
- 6:16champion
- 6:17inside
- 6:18the
- 6:18decision
- 6:18making
- 6:18unit?
- 6:19Or
- 6:20on
- 6:20the
- 6:20converse,
- 6:21do
- 6:21you
- 6:21have
- 6:21a
- 6:21detractor
- 6:22in
- 6:22there?
- 6:22And
- 6:22then
- 6:22there's
- 6:22a
- 6:22massive
- 6:23range
- 6:23of
- 6:23people
- 6:24between
- 6:24being
- 6:24a
- 6:25champion
- 6:26and
- 6:26being
- 6:26a
- 6:26detractor.
- 6:27So
- 6:27you
- 6:28need
- 6:28to
- 6:28understand
- 6:28all
- 6:29those
- 6:29things.
- 6:29And
- 6:29then
- 6:29lastly,
- 6:30critically,
- 6:31who
- 6:32is
- 6:32the
- 6:32ultimate
- 6:32decision
- 6:33maker?
- 6:33Because
- 6:34I
- 6:34know
- 6:34a
- 6:34lot
- 6:34of
- 6:34people
- 6:35will
- 6:35say,
- 6:35oh,
- 6:35it's
- 6:35a
- 6:35committed
- 6:36decision,
- 6:36but
- 6:36there's
- 6:37always
- 6:37one
- 6:38person
- 6:38in
- 6:38that
- 6:38decision
- 6:39making
- 6:39unit
- 6:40who,
- 6:40if
- 6:40they
- 6:40veto
- 6:41it,
- 6:42it
- 6:42doesn't
- 6:42happen.
- 6:42And
- 6:43if
- 6:43they
- 6:43sign
- 6:43it
- 6:43off,
- 6:44it
- 6:44happens.
- 6:45So
- 6:45we
- 6:46need
- 6:46to
- 6:46understand
- 6:47all
- 6:47these
- 6:47things.
- 6:48It's
- 6:48not
- 6:48just
- 6:48about
- 6:49finding
- 6:49one
- 6:49person
- 6:50who
- 6:50likes
- 6:50the
- 6:50product
- 6:50in
- 6:51the
- 6:51facility
- 6:51and
- 6:52thinking
- 6:52that
- 6:52it's
- 6:52gonna
- 6:52go
- 6:53through.
- 6:53I'm
- 6:53telling
- 6:53you
- 6:54it
- 6:54won't.
- 6:54I've
- 6:55seen
- 6:55it
- 6:55store
- 6:55millions
- 6:56of
- 6:56times.
- 6:57So
- 6:57if
- 6:58you're
- 6:58talking
- 6:58to
- 6:59the
- 6:59wrong
- 6:59people
- 7:00about
- 7:00the
- 7:00wrong
- 7:01things.
- 7:01Or
- 7:02not
- 7:02enough
- 7:02of
- 7:02the
- 7:02right
- 7:03people,
- 7:03then
- 7:03your
- 7:04launch
- 7:04is
- 7:05definitely
- 7:05going
- 7:06to
- 7:06stall.
- 7:07So
- 7:07that's
- 7:07a
- 7:07quick
- 7:07look
- 7:08at,
- 7:08at
- 7:08the
- 7:08external
- 7:09people,
- 7:10and
- 7:10I
- 7:10genuinely
- 7:10want
- 7:11you
- 7:11to
- 7:11ask
- 7:11yourself,
- 7:12do
- 7:13you
- 7:13know
- 7:13the
- 7:13things
- 7:14that
- 7:14I've
- 7:14just
- 7:14outlined
- 7:15there
- 7:15in
- 7:15terms
- 7:16of,
- 7:16who's
- 7:16involved
- 7:17in
- 7:17the
- 7:17decisions?
- 7:18What
- 7:19are
- 7:19they
- 7:19making
- 7:19their
- 7:19decisions
- 7:20on?
- 7:20What's
- 7:21the
- 7:21influence
- 7:21between
- 7:22the
- 7:22individuals?
- 7:23Where
- 7:23are
- 7:23the
- 7:23champions?
- 7:24Where
- 7:24are
- 7:24the
- 7:24detractors?
- 7:25And
- 7:25do
- 7:25you
- 7:26know
- 7:26who
- 7:26the
- 7:26critical
- 7:26decision
- 7:27maker
- 7:27is?
- 7:28Because
- 7:28if
- 7:28you
- 7:28don't,
- 7:29before
- 7:30you
- 7:30go
- 7:30any
- 7:30further,
- 7:31go
- 7:32and
- 7:32find
- 7:32those
- 7:32things
- 7:33out
- 7:33and
- 7:33it,
- 7:33it'll
- 7:33make
- 7:34your
- 7:35process
- 7:35much
- 7:36smoother
- 7:36and
- 7:36much
- 7:37more
- 7:37likely.
- 7:38And
- 7:38it'll
- 7:39mean
- 7:39that
- 7:39your
- 7:39product
- 7:40will
- 7:40then
- 7:40be
- 7:41much
- 7:41more
- 7:41likely
- 7:42to
- 7:42get
- 7:42adopted.
- 7:43So
- 7:44now
- 7:44let's
- 7:44take
- 7:45a
- 7:45look
- 7:45internally,
- 7:46and
- 7:46I
- 7:46include
- 7:47the
- 7:47distributors
- 7:48in
- 7:48this.
- 7:49Uh,
- 7:49they
- 7:49are
- 7:50your
- 7:50representative
- 7:52in
- 7:52whichever
- 7:53country
- 7:53that
- 7:53you're
- 7:53working
- 7:54in.
- 7:54So
- 7:54when
- 7:54I
- 7:54talk
- 7:55internally,
- 7:55then
- 7:56I'm
- 7:56talking
- 7:56specifically
- 7:57about
- 7:57the
- 7:57people
- 7:58who
- 7:58are
- 7:58gonna
- 7:58execute
- 7:59the
- 7:59launch
- 8:00of
- 8:00this
- 8:00product.
- 8:01So
- 8:01the
- 8:01question
- 8:01I
- 8:01want
- 8:02you
- 8:02to
- 8:03ask
- 8:03yourself
- 8:03here
- 8:04is,
- 8:04do
- 8:04you
- 8:04have
- 8:05a
- 8:05distributor
- 8:05who
- 8:06really
- 8:06understands
- 8:07the
- 8:07category
- 8:08that
- 8:08they're
- 8:08now
- 8:08selling
- 8:09into?
- 8:09Is
- 8:10your
- 8:10sales
- 8:11messaging
- 8:11aligned?
- 8:12Your
- 8:12sales
- 8:12messaging
- 8:13aligned
- 8:14with
- 8:14the,
- 8:14distributor
- 8:15and
- 8:15the
- 8:15distributor
- 8:15sales
- 8:16messaging?
- 8:16Then
- 8:17clear
- 8:18and
- 8:18concise
- 8:19to
- 8:19the
- 8:20end
- 8:20user.
- 8:21Are
- 8:21your
- 8:22incentives
- 8:22aligned?
- 8:23Are,
- 8:23are,
- 8:24are
- 8:24you
- 8:24gonna
- 8:24be
- 8:24at
- 8:24a
- 8:24motivate
- 8:25your
- 8:26distributor
- 8:27to
- 8:27do
- 8:28what's
- 8:28required?
- 8:28Because
- 8:29they're
- 8:29not
- 8:29gonna
- 8:29just
- 8:29be
- 8:29selling
- 8:29your
- 8:30products
- 8:30These
- 8:31questions
- 8:32are
- 8:32critical
- 8:33to
- 8:33be
- 8:33answered
- 8:34because
- 8:34a
- 8:34keen
- 8:34distributor
- 8:35doesn't
- 8:35actually
- 8:36mean
- 8:36anything.
- 8:36You
- 8:37need
- 8:37stock
- 8:37commitment.
- 8:38You
- 8:38need
- 8:38agreed
- 8:38targets.
- 8:39You
- 8:39need
- 8:40defined
- 8:41focus
- 8:41accounts.
- 8:42And
- 8:42you
- 8:42need
- 8:43a
- 8:43rhythm
- 8:44for
- 8:44structured
- 8:44review.
- 8:45IE
- 8:46is
- 8:46it
- 8:46gonna
- 8:46be
- 8:46once
- 8:47a
- 8:47month?
- 8:47Is
- 8:48it
- 8:48gonna
- 8:48be
- 8:48once
- 8:48a
- 8:48quarter?
- 8:49I
- 8:49would
- 8:49say
- 8:50no
- 8:50less
- 8:50than
- 8:50once
- 8:51a
- 8:51quarter
- 8:51with
- 8:51my
- 8:51recommendation
- 8:52and
- 8:53then
- 8:53obviously
- 8:54at
- 8:54the
- 8:54end
- 8:54of
- 8:54the
- 8:54year
- 8:55as
- 8:55well.
- 8:55Whatever
- 8:55that
- 8:56financial
- 8:56year
- 8:57is,
- 8:58that
- 8:58needs
- 8:58to
- 8:58be
- 8:58clear
- 8:59to
- 8:59both
- 8:59yourself
- 9:00and
- 9:01the
- 9:01distributor,
- 9:02And
- 9:02lastly,
- 9:03you
- 9:03need
- 9:03to
- 9:03make
- 9:03sure
- 9:04that
- 9:04the
- 9:04distributor
- 9:05also
- 9:06understands
- 9:06clearly
- 9:06the
- 9:06four
- 9:07Ps,
- 9:07so
- 9:07that
- 9:08actually
- 9:08you
- 9:08are
- 9:08completely
- 9:09aligned
- 9:10because
- 9:10i've
- 9:10seen
- 9:10companies
- 9:11enter
- 9:11five
- 9:12markets
- 9:12at
- 9:12once
- 9:12and
- 9:12store
- 9:13everywhere.
- 9:14I've
- 9:15sadly,
- 9:16I've
- 9:16seen
- 9:16companies
- 9:17enter
- 9:17five
- 9:17markets
- 9:17at
- 9:17once
- 9:18and
- 9:18they're
- 9:18getting
- 9:18very
- 9:18excited,
- 9:19but
- 9:19then
- 9:19they
- 9:19stall
- 9:20everywhere
- 9:21because
- 9:21nobody
- 9:22owned
- 9:22the
- 9:22execution.
- 9:23And
- 9:23that's
- 9:23because
- 9:24they
- 9:24didn't
- 9:24understand
- 9:24the
- 9:24four
- 9:25Ps.
- 9:26And
- 9:26the
- 9:26distributor
- 9:27has
- 9:28to
- 9:28be
- 9:28the
- 9:28one
- 9:28who
- 9:29owns
- 9:29that
- 9:30with
- 9:30your
- 9:30support.
- 9:31And
- 9:31hence,
- 9:32you
- 9:32both
- 9:32need
- 9:33to
- 9:33be
- 9:33aligned
- 9:33because
- 9:34people
- 9:34execute
- 9:35strategy,
- 9:36not
- 9:36just
- 9:36plans.
- 9:37So
- 9:38that's
- 9:38the
- 9:38four
- 9:38Ps.
- 9:39Product
- 9:40proof
- 9:41pathway
- 9:41and
- 9:42people.
- 9:42And
- 9:43the
- 9:43brutal
- 9:43reality
- 9:44is
- 9:44that
- 9:44you
- 9:44can
- 9:45survive
- 9:45weakness
- 9:46in
- 9:46one
- 9:46of
- 9:46those
- 9:47Ps.
- 9:48It's
- 9:48virtually
- 9:48impossible
- 9:49to
- 9:49survive.
- 9:50You
- 9:50can
- 9:50survive
- 9:51weakness
- 9:51in
- 9:51one
- 9:52of
- 9:52the
- 9:52peas
- 9:52for
- 9:53a
- 9:53while.
- 9:54So
- 9:54for
- 9:54example,
- 9:55you've
- 9:55got
- 9:55a
- 9:55strong
- 9:55product.
- 9:56Proof
- 9:57is
- 9:57solid.
- 9:57Pathway
- 9:58is
- 9:58clear,
- 9:59but
- 9:59people
- 9:59is
- 9:59weak.
- 10:00So
- 10:00for
- 10:00example,
- 10:01your
- 10:01distributor
- 10:01is
- 10:01passive
- 10:02and
- 10:02you
- 10:02don't
- 10:03have
- 10:03a
- 10:03strong
- 10:03champion
- 10:04inside
- 10:05the
- 10:05facility.
- 10:06What
- 10:06would
- 10:06happen
- 10:06in
- 10:06that
- 10:06case?
- 10:07You're
- 10:07not
- 10:07gonna
- 10:08collapse.
- 10:08You're
- 10:09just
- 10:09gonna
- 10:09move
- 10:09very
- 10:09slowly
- 10:10because
- 10:10deals
- 10:10are
- 10:10gonna
- 10:11drag.
- 10:11You
- 10:11follow
- 10:12up
- 10:12is
- 10:12gonna
- 10:12be
- 10:12inconsistent
- 10:13because
- 10:13your
- 10:13distributor's
- 10:14not
- 10:14that
- 10:14great.
- 10:15Your
- 10:15momentum
- 10:16then
- 10:16stalls.
- 10:17But
- 10:17if
- 10:18you
- 10:18fix
- 10:18the
- 10:18people
- 10:19section,
- 10:20growth
- 10:20is
- 10:20gonna
- 10:20unlock
- 10:21quite
- 10:21quickly.
- 10:22So,
- 10:22yes,
- 10:23you
- 10:23can
- 10:23survive
- 10:24one
- 10:24week.
- 10:24P
- 10:25you
- 10:25just
- 10:26don't
- 10:26move.
- 10:27Fast,
- 10:28but
- 10:28you
- 10:29cannot
- 10:29survive
- 10:30weakness
- 10:30in
- 10:30two
- 10:30dep.
- 10:31So
- 10:31imagine
- 10:32this
- 10:32scenario.
- 10:33Proof
- 10:33is
- 10:33weak.
- 10:34People
- 10:34is
- 10:34weak.
- 10:35Procurement
- 10:36therefore
- 10:36isn't
- 10:37convinced
- 10:37economically,
- 10:38and
- 10:38nobody
- 10:39inside
- 10:40the
- 10:40facility
- 10:40is
- 10:40championing
- 10:41that
- 10:41product.
- 10:42And
- 10:42remember,
- 10:43liking
- 10:43device
- 10:44is
- 10:44not
- 10:44the
- 10:44same
- 10:45as
- 10:45championing
- 10:46it.
- 10:46Clinicians
- 10:47can
- 10:47like
- 10:47it.
- 10:48That
- 10:48doesn't
- 10:48mean
- 10:49that
- 10:49they'll
- 10:49fight
- 10:49for
- 10:49budget
- 10:50for
- 10:50it.
- 10:50So
- 10:50you've
- 10:51got
- 10:51all
- 10:51that
- 10:51going
- 10:52on,
- 10:52but
- 10:52then
- 10:52your
- 10:52internal
- 10:53engine
- 10:53isn't
- 10:54forceful
- 10:54enough
- 10:55to
- 10:55compensate
- 10:56for
- 10:56those
- 10:57things
- 10:57that
- 10:57are
- 10:57going
- 10:58on
- 10:58inside
- 10:59of
- 11:00the,
- 11:00facility.
- 11:01So
- 11:01now
- 11:01you're
- 11:02stuck
- 11:02because
- 11:02there's
- 11:03no
- 11:03economic
- 11:03case.
- 11:04And
- 11:04there's
- 11:04nobody
- 11:05inside
- 11:05the
- 11:05organization
- 11:06who's
- 11:07actually
- 11:07going
- 11:07to
- 11:07drive
- 11:08it.
- 11:08And
- 11:09you
- 11:09haven't
- 11:09got
- 11:09an
- 11:09execution
- 11:10engine
- 11:10from
- 11:11your
- 11:11own,
- 11:12business
- 11:12either,
- 11:13either
- 11:13the
- 11:13distributor,
- 11:14so
- 11:14that's
- 11:14not
- 11:14just
- 11:15slow
- 11:15growth,
- 11:15that's
- 11:16a
- 11:16complete
- 11:16drift.
- 11:17And
- 11:17a
- 11:17store
- 11:18really,
- 11:18because
- 11:18launch
- 11:19is
- 11:19not
- 11:20just
- 11:20a
- 11:20one-off
- 11:21event.
- 11:21So
- 11:21what
- 11:22I
- 11:22wanna
- 11:22do
- 11:22now
- 11:22is
- 11:23a
- 11:23rapid
- 11:2362nd
- 11:25self-audit.
- 11:26So
- 11:26here's
- 11:27your
- 11:27quick
- 11:27check
- 11:28that
- 11:28you
- 11:28can
- 11:28do
- 11:28now.
- 11:29So
- 11:30on
- 11:30a
- 11:30scale
- 11:30of
- 11:30one
- 11:31to
- 11:3110,
- 11:31I
- 11:32want
- 11:32you
- 11:32to
- 11:32mark
- 11:32your
- 11:33product
- 11:33readiness,
- 11:34your
- 11:34strength
- 11:34of
- 11:35proof,
- 11:35your
- 11:36clarity
- 11:36of
- 11:37the
- 11:37buying
- 11:37pathway.
- 11:38And
- 11:39then
- 11:39also
- 11:40your
- 11:40quality
- 11:41of
- 11:41people
- 11:41driving
- 11:42adoption.
- 11:43So
- 11:43if
- 11:44you've
- 11:44got
- 11:44a
- 11:44pen
- 11:44in
- 11:44the
- 11:44pad,
- 11:44obviously
- 11:45write
- 11:45it
- 11:45down.
- 11:45If
- 11:46you're
- 11:46out
- 11:46running
- 11:46or
- 11:47listening
- 11:47on
- 11:47a
- 11:47train
- 11:47or
- 11:48driving
- 11:48or
- 11:48whatever,
- 11:49just
- 11:49mentally
- 11:49think
- 11:49right,
- 11:50where
- 11:50are
- 11:50you?
- 11:51Because
- 11:51there's
- 11:51only
- 11:51four
- 11:51numbers
- 11:52that
- 11:52you
- 11:52have
- 11:52to
- 11:52remember
- 11:52now,
- 11:53anything
- 11:53under
- 11:54a
- 11:54seven
- 11:54means
- 11:55that
- 11:55you
- 11:55have
- 11:55vulnerability,
- 11:57so
- 11:57don't
- 11:57try
- 11:58and
- 11:58fix
- 11:58everything
- 11:58at
- 11:58once.
- 11:59You
- 11:59identify
- 12:00the
- 12:00vulnerability
- 12:01that
- 12:01you
- 12:01can
- 12:01realistically
- 12:02move
- 12:02in
- 12:03the
- 12:03next
- 12:0390
- 12:03days,
- 12:04that
- 12:04will
- 12:05change
- 12:05commercial
- 12:06momentum.
- 12:07That's
- 12:08the
- 12:08key
- 12:08thing.
- 12:09You
- 12:09want
- 12:09to
- 12:09focus
- 12:09on
- 12:10the
- 12:10thing
- 12:10that's
- 12:10gonna
- 12:10change
- 12:10commercial
- 12:11momentum.
- 12:11And
- 12:12the
- 12:12critical
- 12:12thing
- 12:12here
- 12:13is
- 12:13that
- 12:14you
- 12:14what
- 12:14should
- 12:14work
- 12:15on
- 12:15the
- 12:16thing
- 12:16that
- 12:16will
- 12:17change
- 12:17commercial
- 12:18momentum?
- 12:20And
- 12:20to
- 12:20help
- 12:20you
- 12:20with
- 12:21that,
- 12:21remember
- 12:21this,
- 12:22don't
- 12:22fix
- 12:23what's
- 12:23easiest,
- 12:24fix
- 12:25what
- 12:25moves,
- 12:26contracts.
- 12:27So
- 12:27now
- 12:27as
- 12:28usual,
- 12:28I
- 12:28want
- 12:28to
- 12:28give
- 12:29you
- 12:29a
- 12:29decision
- 12:30scenario
- 12:31for
- 12:31you
- 12:31to
- 12:31go
- 12:31away
- 12:32and
- 12:32try
- 12:32and
- 12:33think
- 12:33about,
- 12:34and
- 12:34then
- 12:34I'll
- 12:34answer
- 12:35it
- 12:35on
- 12:35the
- 12:35next
- 12:35episode.
- 12:36So
- 12:37let's
- 12:37say
- 12:38your
- 12:38product
- 12:38is
- 12:39an
- 12:39eight.
- 12:40Proof
- 12:41is
- 12:41a
- 12:41five
- 12:42pathway,
- 12:42clarity
- 12:43is
- 12:43a
- 12:43six,
- 12:44and
- 12:44people
- 12:45alignment
- 12:46is
- 12:46a
- 12:46four.
- 12:47You
- 12:47can
- 12:47only
- 12:48move
- 12:48one
- 12:48of
- 12:48those
- 12:48Ps
- 12:49materially
- 12:50in
- 12:50the
- 12:51next
- 12:5190
- 12:51days.
- 12:52Which
- 12:52one
- 12:53do
- 12:53you
- 12:53choose?
- 12:54Do
- 12:54you
- 12:54A,
- 12:55refine
- 12:56the
- 12:56products
- 12:56and
- 12:56remove
- 12:57friction?
- 12:57Do
- 12:58you
- 12:58B
- 12:58double
- 12:59down
- 12:59on
- 12:59generating
- 13:00stronger
- 13:00proof
- 13:01and
- 13:01health
- 13:01economic
- 13:01data?
- 13:02Or
- 13:02C
- 13:03map
- 13:04and
- 13:04unblock
- 13:05the
- 13:05buying
- 13:05pathway
- 13:06properly,
- 13:07or
- 13:07D,
- 13:08strengthen
- 13:08the
- 13:09people
- 13:09engine
- 13:10driving
- 13:10adoption.
- 13:11There
- 13:11is
- 13:11the
- 13:12right
- 13:12answer,
- 13:12but
- 13:13it's
- 13:13not
- 13:13obvious
- 13:14and
- 13:14I
- 13:14wouldn't
- 13:14give
- 13:15you
- 13:15the
- 13:15scenario
- 13:15if
- 13:15it's
- 13:15gonna
- 13:15be
- 13:16obvious
- 13:16'cause
- 13:16there's
- 13:16no
- 13:16point.
- 13:17And
- 13:18it's
- 13:18not
- 13:18always
- 13:18gonna
- 13:19be
- 13:19the
- 13:19same
- 13:19for
- 13:19every
- 13:20company.
- 13:20And
- 13:21in
- 13:21the
- 13:21next
- 13:21episode,
- 13:22I'll
- 13:22break
- 13:23down
- 13:23how
- 13:23to
- 13:24make
- 13:24that
- 13:24decision
- 13:25without
- 13:25guessing
- 13:26so
- 13:26in
- 13:26closing,
- 13:27if
- 13:27your
- 13:28product
- 13:28is
- 13:28approved,
- 13:29but
- 13:29adoption
- 13:29is
- 13:29slow
- 13:30than
- 13:30you
- 13:30expected,
- 13:30it's
- 13:31almost
- 13:31always
- 13:31one
- 13:32of
- 13:32the
- 13:32four
- 13:32Ps
- 13:32breaking
- 13:33down.
- 13:33And
- 13:33if
- 13:34you
- 13:34want
- 13:34help
- 13:34pressure
- 13:35testing
- 13:35your
- 13:36four
- 13:36Ps
- 13:36and
- 13:37helping
- 13:37you
- 13:37focus
- 13:38on
- 13:38what
- 13:38you
- 13:38can
- 13:38do
- 13:39in
- 13:39the
- 13:39next
- 13:3990
- 13:40days
- 13:40to
- 13:40gain
- 13:40traction.
- 13:41Before
- 13:42you
- 13:42burn
- 13:42any
- 13:43more
- 13:43runway.
- 13:44Book
- 13:44a
- 13:44healthcare
- 13:44export
- 13:45accelerator
- 13:45discovery
- 13:46call
- 13:46with
- 13:47me
- 13:47via
- 13:47the
- 13:48link
- 13:48in
- 13:48the
- 13:48show
- 13:48notes
- 13:49and
- 13:49I'll
- 13:49personally
- 13:49audit
- 13:50where
- 13:50your
- 13:50launch
- 13:51is
- 13:51commercial
- 13:51exposed,
- 13:52and
- 13:52tell
- 13:52you
- 13:53your
- 13:53next
- 13:53move
- 13:53that
- 13:53actually
- 13:54moves
- 13:55revenue.
- 13:55Until
- 13:56next
- 13:56time,
- 13:57thanks
- 13:57for
- 13:57listening.
- 13:58Keep
- 13:58challenging
- 13:59your
- 13:59assumptions
- 14:00and
- 14:00keep
- 14:00growing.