Entrepneural ventures for Pharma/Biotech Sales Rep?

by LankyBasket. Posted on Sep 14, 2020    0    5


If suppose I were to work in the pharmaceutical industry/biotechnology industry as a sales rep, with just a bachelors, what scalable businesses ventures could one pursue without requiring further education (masters, PhD)?


kippypapa 1

Hard. A lot of people try to leverage their job into a business. Some skills, experience and network can really only be lucrative in a corporate setting as an employee. Those skills can transfer but generally only after decades of experience and relationships.

Better way to think is what can I do to get someone out there to pay me one dollar? If you can answer that question, then you’re on the right track.

  LankyBasket 1

So you’re saying this in particular to the biotech and pharmaceutical space?

kippypapa 2

It’s true for every industry. The skills and background that make you an employee are different than those to be a business owner.

Don’t limit yourself to the same old thinking that keeps you employed. Most people have to have this long list of qualifications to wield to get a job, and that channels them into more reliance on the job.

As an entrepreneur, you are not a pharma person or a biotech person, you’re just a person out there trying to get someone to pay you for what you can provide them. That’s it. If there’s opportunity in biotech, cool. If not, look elsewhere.

Boarders0 1

This, the degree and experience you have specialize you a spot in a pool. If you try to move to a new pool you know where you fit. Employment.

Now as for building a business, you are stepping into a lake and in some cases the ocean. Unless you know how you can help the pools you came from whatever you did could mean nothing.

You are only supported by your ability to swim you don't have the comfort of seeing the edges of the pool, and you don't have the restrictions of potential like the pool.

kippypapa 1

There is for sure a mindset difference between entrepreneur and employee. Employee is what we train for since we walk into Kindergarten. Entrepreneur is something different. I think the hardest part is the validation that we receive from grades, getting hired, promotions. That same exact validation is not present in owning a business. It doesn't feel like what we're accustomed to so often we abandon it for not feeling real like employee validation.