The Pop Quiz, Monday is a fun little exam that we love to give to savvy business owners. The examination is not a surprise after all since the interviewee already knew about the questions in advance. However, we can always pretend and have fun with the scenario of a young entrepreneur sitting in class nervously biting on their pencil. They are ready to take a pop quiz on a chapter that they were supposed to read the night before. Instead, they played Metroid all night on their SNES (Oops, this was me in high school). The real purpose of the pop quiz is that this is a fun way to introduce business tips from real-world experiences that you can not learn in a classroom. We want to thank our entrepreneur for being a good sport and volunteering their time to answer a few questions to help our community grow from their knowledge.
I want to introduce you to our guest today who will be taking our Pop Quiz Monday.
Can you please tell everyone your name?
What is your job role?
Co-Founder and COO
Tell us about your company?
MedicalChain is an organization using blockchain technology to create products and services that enable patient-centric, borderless healthcare. Its mission is to empower patients to take greater control of their health by transforming how they communicate and connect with healthcare practitioners.
What do you love most about your job?
I love that we are experimenting with and developing new technology that can empower people and save lives.
What motivates you to get up every day and go to work?
My creative mind usually is working in the middle of the night. I often wake up and write things down then go back to sleep. When I wake up in the morning, I am motivated to go to work and test out new ideas.
How do your co-workers inspire you?
I am lucky to be surrounded by some brilliant people. New ideas always inspire me. Developers are like artists. Everyone has a different solution to a problem. It’s encouraging to hear them and agreeing on one.
How do you have fun at work (team building, pranks, etc..)?
I am a big foodie, so I enjoy taking colleagues out to discover new restaurants to eat in. Our last team building exercise was when we took everyone go-karting. That was a lot of fun. We’ve recently got a TV in the office with a view of running some Mario Kart tournaments.
What are some of the challenges of your job?
We are working with nascent technology so often finding the right people is a challenge, but we have done well to take on bright engineers and train them. The other major problem is working in a regulated and often political space. Let’s just say things in healthcare tend to move slowly, and we are trying to improve that!
What are some lessons learned from a past project that you can share with us?
- If you are new to an industry, don’t make assumptions. Try to work with experts/ veterans as quickly as possible to realise where you can fit.
- Don’t spend a long time working on your product. Get an MVP (minimum viable product) out as soon as possible, or at least get it tested with friends, family, and those experts I mentioned above.
- If you are on your own, find yourself a co-founder with complementary skills. For example, worrying about the tech, hiring, financing, regulatory hurdles and sales can be overwhelming for someone by themselves. Splitting these challenges between two or three co-founders helps maintain focus.
What advice would you give to someone who is starting in your industry?
The healthcare industry is generally complicated with government and private stakeholders. Navigating it is a challenge no matter which country you are in. Having said that, Healthtech as an industry is attracting a lot of new talent which is great. There are so many improvements to be made, and the bar is pretty low right now. However, so as not to waste time, I would highly recommend you join an established organisation at first that will help you learn the ropes of who is responsible for what. Let’s say you want to develop an app to help people quit smoking. Your users are the general public, but your customers (the organisations paying you) might be the insurers. Figuring that out is often challenging.
Thank you for taking our pop quiz today. You get an A+ for effort. You can learn more about our interviewee and their business by visiting them on the web: