Nov 14, 2019
Paul Coyne, President and Founder of Inspiren, an award-winning healthcare technology company, speaks with Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy Podcast. In this episode, they discuss Paul’s innovative solution for improving healthcare through technology. Learn about how his device works, how he funded his project and how built his team. You’ll hear great advice for innovative nurses who want to become entrepreneurs.
Episode Highlights:
- What was life like for Paul growing up? How did his career progress?
- Did Paul become a nurse because of his personal experiences?
- What was it like growing up with his health condition?
- What was his first management role and did this role lead him to become an innovator?
- Paul discusses how he funded his project and whether he looked for volunteers or offered partnerships.
- What does Paul’s device do?
- What was the time frame for this project from the beginning to where he is today?
- What are some of the struggles he faced along the way?
- Paul talks about how he found and connected with key hires.
- What were his other sources of funding beyond an angel investor?
- Paul describes his process for writing a book.
- Is MBA training necessary to become a successful entrepreneur?
- Paul shares additional advice for nurses.
3 Key Points:
- Creating a product or company involves many stages and iterations.
- Paul created a product to provide data and insight within the clinical environment.
- Be willing to recognize the things you don’t know and lean on others who do know as you build your team.
Tweetable Quotes:
- “It's all designed to promote this healing environment and give data and insight into where it belongs, which is the clinical environment.” – Paul Coyne
- "Email yourself the idea...that way you have a time stamp.” – Paul Coyne
- “I think drive is the most important. Grit. A willingness to learn.” – Paul Coyne
Resources Mentioned:
- The Nurse’s Guide to Innovation (book)
- Rebecca Love’s TED talk
- Inspiren
- Paul Coyne LinkedIn
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