Mark Ahn & the secret to biotech industry success
PR Newswire first published this account of a conversation with Dr. Mark Ahn at Pukana Partners on biotech startups. Dr. Ahn has done a great deal of work on the biotech startup field, and he has advice for anyone who wants to dive into that arena.
Get Your Own Business Plan
The business plan for a biotech startup is different than the business plan for any other company. These companies has to wait months or even years to get certain products ready to sell, and they need to be flexible in the ways that they will make money.
Agree On The Plan
Many management teams and boards of directors have a hard time agreeing on the plan that must be used to propel the business forward. This is an issue for anyone who wants to have a successful business, and arguing needs to be kept to a minimum.
He knows how the startups work in this industry, and he has done the research that shows that these businesses only succeed under parameters he has studied.
See original post: Mark Ahn Explains Why Some Biotech Startups Succeed, While Others Wither