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Any ideas for a Medicine student?

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Kokaka

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Hi all.
Im a Swedish, beginner entrepreneur and a halfway medstudent but my real passion is business. I am currently working on opening a more advanced beauty clinic in my city in a prime position where I will be working with beauticians, nurses and doctors of which I own 25%, but due to the corona virus, we will have to prospone the opening 6 month.
My job was to open, administrate and negociate the clinic which will lead to a good side hustle during my studies.
Anyway, during this time, I noticed that I had a talent for negociation and organisation and a burning passion in opening business.
My goal is to not work 9-5 at a hospital when I finish but to have a business or businesses and I will have aquired a unique set of skills.
I do have a high school diploma in business, will be a Mecical Doctor and speak 5 languages and have no fear of moving, hard work or opening.
My question is then if anyone have some business Ideas both for now now, as side hustles and also, thinking bigger in the future, when I can trade time for money and build up a decent capital to invest in a bigger idea or company.
 

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fastlanedoll

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Welcome.
I'm in the same boat as you. Also a medical doctor, looking to move into business.
I'm also in the aesthetic industry (at the moment), but in a slowlane way.
I want to get into aesthetic field as well, but not necessarily a beauty clinic.
Update us :)
 
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Kokaka

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Welcome.
I'm in the same boat as you. Also a medical doctor, looking to move into business.
I'm also in the aesthetic industry (at the moment), but in a slowlane way.
I want to get into aesthetic field as well, but not necessarily a beauty clinic.
Update us :)
Things that could work is to open an online consulting firm for doctors who meet patiens with maybe skype who could write recepied digitaly. Create a beauty brand and sell it throigh social media or as I read yesterday, do something like Cellink who can print human tissue. As I understood it, his father was a scientist who created a method and the Ceo created a company around the findings and is now worth millions and millions in just a few years. As a MD and entrepreneur, I believe you can do alot of interesting things.
One idea that I have is create a franchise and a brand with my clinic. I am working with a Brazilian Beutician who has studied for 4 years in Brazil so her knowledge does not exist here in Scandinavia and we are basicly 10 years before everyone else. And me as a future MD will complement her very well since I will have all the medical and business knowledge.
What did you have in mind? Always good to exchange Ideas
 

Tossek

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My family doctor is running three offices in towns nearby at the same time having like 10 doctors underneath him. If this isn't running a business, I dont know what is.

This new generation of doctors likes to be a employer for the safety of holidays and not being in charge. Their decision but this gives opportunity for those who can take it :).
 
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Kokaka

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My family doctor is running three offices in towns nearby at the same time having like 10 doctors underneath him. If this isn't running a business, I dont know what is.

This new generation of doctors likes to be a employer for the safety of holidays and not being in charge. Their decision but this gives opportunity for those who can take it :).
Yes defenetly. It is the same here in Sweden which makes it easyer for the rest of us. Also apparently to google trends from a few month ago, the biggest trend of the beginning of the year is customised treatments and Bio Hacking. So that area is ripe for the taking and it will be easy to find overworked doctors from the hospital who prefer working less and earning more.
 

Classmate

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Yes defenetly. It is the same here in Sweden which makes it easyer for the rest of us. Also apparently to google trends from a few month ago, the biggest trend of the beginning of the year is customised treatments and Bio Hacking.
Interesting.
Because Bio Hacking is a very interesting topic. But I guess to be really good you would need to have Electrotechnical engineers with some kind of knowledge of how to apply it to the medical industry and bioinformatics engineers (who can come from people who know informatics/computer science, or biomedical engineering), besides all the medical stuff you probably already know.

It's so complex, the only way I see it can be a trend is because all the hype there is around it, because the probability of having someone capable both of understand what it takes, and arrange a team who is capable of doing something in the field...it's for really remarkable people, not for a trend.

Btw, just a little correction, it's spelt "easier". I am just correcting for, you know...in this forum it doesn't really matter, but it can be important some day.
 
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Kokaka

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Interesting.
Because Bio Hacking is a very interesting topic. But I guess to be really good you would need to have Electrotechnical engineers with some kind of knowledge of how to apply it to the medical industry and bioinformatics engineers (who can come from people who know informatics/computer science, or biomedical engineering), besides all the medical stuff you probably already know.

It's so complex, the only way I see it can be a trend is because all the hype there is around it, because the probability of having someone capable both of understand what it takes, and arrange a team who is capable of doing something in the field...it's for really remarkable people, not for a trend.

Btw, just a little correction, it's spelt "easier". I am just correcting for, you know...in this forum it doesn't really matter, but it can be important some day.
Thanks for the input.
I believe that Bio Hacking is here to stay and that it is trending just shows that people is getting more and more interested in it and that it will be a new, unexplored market in the future.

I agree that this is not something an MD to do alone but need a good team around him from various fields. Also the investment to start such a company will be enormous but it can turn into some really interesting. But first you need an idéa and I believe a good way can be from contacts from an university. This is however outside my understanding at the moment since I dont have enough contacts to make it work, nor the skills, even less the funds. It is just an idéa to be explored.

What is here and within my grasp is that there is labratories that makes products based on the individuals genome so you take a DNA sample, send it to a lab, they send the results to a cosmetic menufacturer and then back to the client. The client can even be sent test and do it at home. That is also an idéa that can be explored.

Anyway. Thanks for the input on the spelling since I'm happy to learn and it might be important one day.
 

Classmate

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It is just an idéa to be explored.
Yes. Go for it, then!
Good luck.
The community in the university can help a lot, that's true. They have the technical knowledge, so they're practical and know the limitations and what they're talking.
It's not media-based for the entertainment or something like that, so you're on the good track.

Good luck once again.
 
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Kokaka

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Quoted by Kokaka:
What is here and within my grasp is that there is labratories that makes products based on the individuals genome so you take a DNA sample, send it to a lab, they send the results to a cosmetic menufacturer and then back to the client. The client can even be sent test and do it at home. That is also an idéa that can be explored.


Actually, this Idea seems quite good the more I think about it. It will be like dropshipping but for customized beauty and skinproducts for rich people. I don't need a stock since any lab will send the swab to the person, then back to the lab in Switzerland which make the product. I have access to some media pressence in Brazil and a semi-famous Dermatologist who could slap her name on the product and sell it through social media, and from what I have heard, they really like european products over there, and having one that is made in Swizerland is just more the better since just the name is associated with class and luxury.
Then I have to market it here in Europe which I guess will be through Social Media, facebook ads etc.
Does anyone have an idea regarding this idea of some pitfalls or opportunities, because Im not that knowledgeble when it comes to eCommerce.
 

fastlanedoll

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Quoted by Kokaka:
What is here and within my grasp is that there is labratories that makes products based on the individuals genome so you take a DNA sample, send it to a lab, they send the results to a cosmetic menufacturer and then back to the client. The client can even be sent test and do it at home. That is also an idéa that can be explored.


Actually, this Idea seems quite good the more I think about it. It will be like dropshipping but for customized beauty and skinproducts for rich people. I don't need a stock since any lab will send the swab to the person, then back to the lab in Switzerland which make the product. I have access to some media pressence in Brazil and a semi-famous Dermatologist who could slap her name on the product and sell it through social media, and from what I have heard, they really like european products over there, and having one that is made in Swizerland is just more the better since just the name is associated with class and luxury.
Then I have to market it here in Europe which I guess will be through Social Media, facebook ads etc.
Does anyone have an idea regarding this idea of some pitfalls or opportunities, because Im not that knowledgeble when it comes to eCommerce.
I'm sooo glad you are here
I noticed some doctors join, make like one or two posts, then disappear foreverrr.
Pls don't be like that, lol.

I kinda wanna start a Youtube channel too, but I'm wary of putting my name out there in case it affects my employment, I dunno. I'm not fully fastlane yet, so for now, i'll still need a job.

I noticed Zoom now has ?HIPPA compliant platform for healthcare professionals for consultations.

I do wanna go for it and set up a consulting website like you said, but I heard hooking up with insurance companies can get $$, and hook up with pharmaceutical companies to get meds to people's homes within two hours or something.

I wonder if it's ok to use my first name & my boyfriend's surname on my Youtube channel, lol. Odds are quite high I would end up with him. Then if I need a job, I apply with my maiden name, as it is on my med certificate :p will I get shit for that since we're not officially married (yet)?

Maybe we can keep contact off site, and who knows, perhaps start something together one day.
 
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Kokaka

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I'm sooo glad you are here
I noticed some doctors join, make like one or two posts, then disappear foreverrr.
Pls don't be like that, lol.

I kinda wanna start a Youtube channel too, but I'm wary of putting my name out there in case it affects my employment, I dunno. I'm not fully fastlane yet, so for now, i'll still need a job.

I noticed Zoom now has ?HIPPA compliant platform for healthcare professionals for consultations.

I do wanna go for it and set up a consulting website like you said, but I heard hooking up with insurance companies can get $$

I wonder if it's ok to use my first name & my boyfriend's surname on my Youtube channel, lol. Odds are quite high I would end up with him. Then if I need a job, I apply with my maiden name, as it is on my med certificate :p will I get shit for that since we're not officially married (yet)?

Maybe we can keep contact off site, and who knows, perhaps start something together one day.
Yes we doctors can open businesses too but I believe, as stated above most people with the grades to get into med school are there to help people, they who want to make money are usually in another profession.
I don't know about your country or where you are locaded but here in Sweden we have a consultant firm called doktor.se and kry.se which does what I explained and they are doing very well. Depending on your country, if you want to do the consulting business, it might be a good idea to first speak to a laywer and some consultants on what you need to do with insurance, structure etc. and then maybe find someone who can invest in the company, be it a bank or other. Always use other peoples money if possible.

You can do alot with youtube and I have an old music channel with 22k subscribers from years ago where I uploaded some DJ mixes when I was a DJ in Ibiza. I link it just for fun.
View: https://www.youtube.com/watch?v=n-chOEUMs2U&t=7s


Anyway if you want to do some business on youtube you can choose a name that spark interest, maybe like Medical Questions where you break down common diseases, what it is and how to treat it. Just have something people think is interesting. A bonus is that people can't figure out who you are if you dont put any clue to who you are online if you don't want people to look for you outside the internet.
Also you work in aestetics, you could also talk about what you know in that field.
Another way to do it is to switch the name later on like dr. Sandra Lee who was formerly known as "The Pimple Popper".
Next is skill share where you teach what you know and you recieve money. I dont know how that works, only this guy uses it who is also a youtuber and an medical intern.
View: https://www.youtube.com/watch?v=ZijqVV1NqYQ&t=436s


I have been flirting with the idea of making a youtube channel about functional medicine since thats something I'm passioned about and will spark alot of interest but at the moment I dont have the time, nor the skill to make sufficient content in that field.

Yes its always good to have contacts. Just send me a message in my inbox if you want to chat privately :)
 

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fastlanedoll

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Thanks a million!! :D
Just wondering- if you no longer upload new videos to your channel, do ppl still find your old videos?
 
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Kokaka

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Thanks a million!! :D
Just wondering- if you no longer upload new videos to your channel, do ppl still find your old videos?
Yes they do find them since some videos has between 1 and 4 million views so that create traction.
Got bored of the video making since youtube pulled about 50% of my videos and I got into med school
 
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Kokaka

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So I got a new Idea/opportunity.
I have a contact (surgeon) with clinics around europe who has showed interest in making a cosmetic brand. I believe I can get him to work with me since ge just want to do the brand, has money but has no idea on how to proceed.
Does anyone have an idea on where to turn to a lab/factory that make cosmetics?
Then when I have the products, I want to sell them on Amazon.

Edit: Apparently he has opend his business but I have noticed that there are a lab which does this things in the city where I live. I can invest 24k (4k from my money) and own 100% of the company.
Is that something worth investigate? I am new to selling on amazon but I am very good at getting things done so I can make a good cream in a nice package.

Edit again: I do believe this is the idea I like the most since it will combine very, very well with the clinic I'm opening and the field I'm studying. Who knows, maybe in the future specialise in cosmetic dermatology. So all in all this Idea is just fantastic with what I'm doing.
Then again, Im very glad to get some input on how to proceed and if 24k is enough.
 
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fastlanedoll

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I really hope someone with experience here will answer, as I'm interested in something similar :D
 
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Kokaka

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Update: So I have been researching the field and I have now a specialist in cosmetology and aestetics who is on board. I have also been cheking some manufacturers online and found one locaded in a small, mountainous town in the northen part of Sweden, close to my birth-town who specialise in 100% organic products. They use alot of herbs and exotic fruits, like mountain stream water and cloud berries that only exist in the northen Scandinavian countries. This make the ingredients exotic, organic and genuine. The fabric is also locaded beautifully next to a mountain lake inbetween a couple of mountains which will be used in the marketing. Furthermore they pack, lable and send the products for me which is a big win. The also meet the GMP standard.
I haven't been given them a call since I have been very tired today, I have corona, so I have just researched but will give them a call next week.

So this producer check alot of boxes for me, being Swedish, 100% organic, recycled plastic containers and alot of exotic ingredience. So that means the people who will buy it will be white liberals, who like the socialist scandinavia, organic products, recycle plastics etc. So now I have a demograph.
My idea is to exploit the Liberal, 15-60 yo womans mindset and see if I can mix something that is popular with the demographic like CBD oil, MCT oil, chia seed, hemp seed, matcha tea, everything vegan etc. in conjunction with what is being offerd with the Nordic fruits and herbs.

Its fun to open businesses :)
 
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fastlanedoll

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My first venture will be skincare-related.
Let's update each other & the forum on good manufacturers.
 
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Kokaka

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Something else ;)
Why?
Always good to trade Ideas. Maybe you have thought about something that I have not which will lead to us helping ourself and eachother in the process. We are both in medicine so that give us a skill something alot of people dont have and even less use it in business.
 

fastlanedoll

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I will.
PM you when I start.
I'm stuck with having to study for this family medicine diploma at the mo.
I started it before I discovered TMF. Sigh.
 

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Kokaka

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I will.
PM you when I start.
I'm stuck with having to study for this family medicine diploma at the mo.
I started it before I discovered TMF. Sigh.
Cool and good luck. Im also a bit stuck inbetween corona and my exam in June. Hope you pass and keep me updated. We need more business minded MD's in the world
 
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Kokaka

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Knugs

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Hi all.
Im a Swedish, beginner entrepreneur and a halfway medstudent but my real passion is business. I am currently working on opening a more advanced beauty clinic in my city in a prime position where I will be working with beauticians, nurses and doctors of which I own 25%, but due to the corona virus, we will have to prospone the opening 6 month.
My job was to open, administrate and negociate the clinic which will lead to a good side hustle during my studies.
Anyway, during this time, I noticed that I had a talent for negociation and organisation and a burning passion in opening business.
My goal is to not work 9-5 at a hospital when I finish but to have a business or businesses and I will have aquired a unique set of skills.
I do have a high school diploma in business, will be a Mecical Doctor and speak 5 languages and have no fear of moving, hard work or opening.
My question is then if anyone have some business Ideas both for now now, as side hustles and also, thinking bigger in the future, when I can trade time for money and build up a decent capital to invest in a bigger idea or company.
Hi guys

I'm also a medic and I have already completed school and worked a few years in O&T. One year ago I quit the job, started a company in the medical HR industry and raised public as well as VC capital.

Unless you really hate medicine and are going to drop out, DONT start a business. Here's why:


Just like I was in your current position, you are probably overwhelmed, tired and sick of medical school. School slowly killed your passion for the subject and you suddenly wonder why you should work in the profession when there are easier options. You are probably feeling more enthusiastic now about business and starting a company than the medical profession.

But it doesnt work. I tried it. Business and school will massively collide. You will either fail school or the business, or worse: both. Complete school first or quit now. I did the mistake back then and I wished I focused on school.

My advice: finish the degree: Your medical degree and license is far more valuable than you think.
-A well paid job for life (you need capital for your endeavours and a safety net)
-Extremely attractive degree to investors. Much easier to raise capital
-Also very attractive to co-founders and the team. (The face of the company?)
-You get to see REAL problems and find REAL solutions in practise
-You get to go back to medicine/work part-time and still have sweet plan-B.
-The license opens many doors not many entrepreneurs can open.
 
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Kokaka

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Update: So I have been browsing the site a bit which definetly have helped with how I see to get into fastlane. I reallt liked the tread about the guy who started from 0 and is now in fastlane by buying other compaines. So that got me thinking, I can do that to. As a matter of fact, I have been looking for companies yo take over and have found a beauty clinic in a neighbouring city who is for grabs. It is just the locale but as it is an old clinic, everything is ready to go so I just have to invest in some used machines and Im ready to go. As is, the current company is just making break even but the way it is operated and what they offer is far, far from optimal.
If I can get it, Im sure I will get about 50-100% return on investment per year.
I will make some phonecalls and see what I can do.
Also that means the cosmetic ideá will be prosponed since it will take to much of my time but it it something I will look at in the future.
 
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Kokaka

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Hi guys

I'm also a medic and I have already completed school and worked a few years in O&T. One year ago I quit the job, started a company in the medical HR industry and raised public as well as VC capital.

Unless you really hate medicine and are going to drop out, DONT start a business. Here's why:

Just like I was in your current position, you are probably overwhelmed, tired and sick of medical school. School slowly killed your passion for the subject and you suddenly wonder why you should work in the profession when there are easier options. You are probably feeling more enthusiastic now about business and starting a company than the medical profession.

But it doesnt work. I tried it. Business and school will massively collide. You will either fail school or the business, or worse: both. Complete school first or quit now. I did the mistake back then and I wished I focused on school.

My advice: finish the degree: Your medical degree and license is far more valuable than you think.
-A well paid job for life (you need capital for your endeavours and a safety net)
-Extremely attractive degree to investors. Much easier to raise capital
-Also very attractive to co-founders and the team. (The face of the company?)
-You get to see REAL problems and find REAL solutions in practise
-You get to go back to medicine/work part-time and still have sweet plan-B.
-The license opens many doors not many entrepreneurs can open.
Oh absolutly. I wont quit med school, and yes it is overwhelming at times. However I have planned for that. Now I will have 10 weeks break from school which I can use productivly. What I am doing is opening bussiness but letting other people maintain and operate it, giving me 25% of the profit and the stocks. That way I have a passive income after the clinic is ready. And yes, once in a while I will have to attend a meeting or make a phone call but I wont actively work on it once it is finished.
But then, I need to have an extra job to maintain my economy and its either this or working as a nurses assistant serving food and changing dipers.
 

fastlanedoll

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Hi guys

I'm also a medic and I have already completed school and worked a few years in O&T. One year ago I quit the job, started a company in the medical HR industry and raised public as well as VC capital.

Unless you really hate medicine and are going to drop out, DONT start a business. Here's why:

Just like I was in your current position, you are probably overwhelmed, tired and sick of medical school. School slowly killed your passion for the subject and you suddenly wonder why you should work in the profession when there are easier options. You are probably feeling more enthusiastic now about business and starting a company than the medical profession.

But it doesnt work. I tried it. Business and school will massively collide. You will either fail school or the business, or worse: both. Complete school first or quit now. I did the mistake back then and I wished I focused on school.

My advice: finish the degree: Your medical degree and license is far more valuable than you think.
-A well paid job for life (you need capital for your endeavours and a safety net)
-Extremely attractive degree to investors. Much easier to raise capital
-Also very attractive to co-founders and the team. (The face of the company?)
-You get to see REAL problems and find REAL solutions in practise
-You get to go back to medicine/work part-time and still have sweet plan-B.
-The license opens many doors not many entrepreneurs can open.
Hi Knugs!

I've also completed med school, worked for 7 & a half years in emergency & outpatient, now work in cosmetic.
I do realize the points you made.

Can you talk a bit more about how you raised VC & public capital, and what your company does?
Thanks!
Great to meet you here! ;)
 

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