Levin Witt
New Contributor
User Power
Value/Post Ratio
43%
- Jan 18, 2020
- 21
- 9
Hello,
I am looking to create a saas for medical practitioners, some kind of Ehr (electronic health record) or Emr (electronic medical record). This is a multi-billion dollar industry, so demand for this kind of service is there. I am currently learning about the industry, and researching the competition. I realize there are huge company's that do this sort of thing, which is why I am taking MJ's advice about finding ways to skew value (maybe a little too literally, since this may just be too hard to compete in), my plan is to create a custom software in this area to fill a niche. My though was even if I can just take 0.0001 % of the large players business away, I would still have a lot of money. I plan on targeting practices directly and selling to them. My question is do any of you have experience competing with large competitors alone with no money or experience. I have to find ways to skew value. How would I be able to analyse this large industry of medical software, with the goal of finding attributes I can skew. Also, does this sound like a bad plan altogether? I think a saas businesses generally follows Cents pretty well (assuming the need commandment is met). Any advice from experienced entrepreneurs would be very much appreciated!
-Thank you for all your help
p.s This would be my first business, and I am only 19, so I don't expect a huge success ( yet
)
I am looking to create a saas for medical practitioners, some kind of Ehr (electronic health record) or Emr (electronic medical record). This is a multi-billion dollar industry, so demand for this kind of service is there. I am currently learning about the industry, and researching the competition. I realize there are huge company's that do this sort of thing, which is why I am taking MJ's advice about finding ways to skew value (maybe a little too literally, since this may just be too hard to compete in), my plan is to create a custom software in this area to fill a niche. My though was even if I can just take 0.0001 % of the large players business away, I would still have a lot of money. I plan on targeting practices directly and selling to them. My question is do any of you have experience competing with large competitors alone with no money or experience. I have to find ways to skew value. How would I be able to analyse this large industry of medical software, with the goal of finding attributes I can skew. Also, does this sound like a bad plan altogether? I think a saas businesses generally follows Cents pretty well (assuming the need commandment is met). Any advice from experienced entrepreneurs would be very much appreciated!
-Thank you for all your help
p.s This would be my first business, and I am only 19, so I don't expect a huge success ( yet
)
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