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More and more successful companies are taking a holistic approach to serve specific market niches or verticals. Instead of offering a broad-based horizontal solution that may service a larger market, but require more customization and will likely involve competition from larger players, these companies are finding success 'below the radar' by staying focused on a narrower segment.
Qualcomm founder Irwin Jacobs believes cell phones and telecommunications will play a major role in the future of healthcare. The most successful entrepreneur out of San Diego, he recently explained his thoughts on the future of healthcare during an interview with ID8 Nation.
See who made this week's 6 to follow in entrepreneurship
Getting consumers to use a mobile app to play games or communicate through social media is one thing. Getting them to use a healthcare-related app is another.
Giles Shih, President and CEO of BioResource International, is one of the entrepreneurs featured in the video interviews. In these three videos, Shih discusses his company strategy, the effects of his education and his journey as an entrepreneur.
Healthcare entrepreneurs can see the potential for a product's success in the raw concept, but the product must go through a critical testing phase to reach that potential.
Innovation is often called "disruptive" in the healthcare industry, and the first step toward making that innovation successful is to get a product's targeted users to accept change. Founder of Fitzeal, Clifton Dawson, found a way to get people to use his product by focusing on a strong user support system.
The founding team behind CyberDoctor wanted to make sure the product addressed a common need before launching it, and talking to patients was crucial to that.
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