Hey, I’ve got a “get rich slow scheme” for you… the orthopedic startup
I talk a lot about the benefits of joining orthopedic startups, especially early in your career. Some people think that I promote startups as a “get rich quick scheme”.
It’s actually the opposite.
If you join a startup, you will work hard and will probably earn only a salary. The stats are clear that most startups do not result in a happy exit.
However, I still say “join a startup early”, because it will be a “get rich slow scheme” for your career.
Don’t join a startup for the financial rewards. Join as a recipe for your future success.
You will NOT be investing your life and soul into a startup, then it’s gone. You WILL BE investing in something that can not dissolve, cannot run out of money, and cannot go bankrupt. By working in a startup, you are investing in your own education and great new set of skills.
If you work in a startup when you are young, you have 20 more years to leverage these powerful new skills that you acquire.
Working inside a startup will teach you….
–> How to lead.
–> How to create value for the customer, quickly using very few resources.
–> How to stretch a lean budget.
–> How to develop products super-fast, without wasting resources.
–> How to raise capital.
–> How to test a new idea in days or weeks, and then either kill it or feed it.
–> How to sell your ideas.
–> How to use technology as a competitive advantage.
–> How to communicate transparently and clearly.
–> How to build an effective sales process.
–> How to live with pressure and be adaptive.
–> Grit in the face of failure.
–> When and how to scale.
–> How to hire late and smartly.
Join an orthopedic startup to invest in your “get rich slow scheme”.