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The most common mistakes made by HealthTech founders, and how to avoid them!

  • Health tech founders face challenges like market saturation, trust-building, and identifying clear target markets.
  • Building trust is crucial for health tech startups, requiring clinical validation, data security, and ROI demonstration.
  • Failing to identify a specific target market and specialised approach can lead to wasted resources and lack of growth.
  • Understanding decision drivers beyond clinical outcomes is essential for startup success within healthcare organisations.
  • Team dynamics play a significant role in the long-term success of a health tech startup, requiring a balance of expertise and communication.
  • Resilience, strategic thinking, data discipline, and team culture are vital for startup recovery and growth in the health tech industry.

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