Medical Software Development Business

7 Tips For Starting A Successful Medical Software Development Business (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own medical software development business? Here are some tips you should know:

Learn more about starting a medical software development business:

Where to start?

-> How much does it cost to start a medical software development business?
-> Pros and cons of a medical software development business

Need inspiration?

-> Other medical software development business success stories
-> Marketing ideas for a medical software development business

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a medical software development business:

#1: James Bates, founder of AdviNow Medical:

We chatted with with James, founder of AdviNow Medical ($200K/month). In our interview, James says:

Seek out partnerships and experts; their insights and advice will be critical.

Read the full interview ➜

#2: Angelica Kohlmann, founder of Bloom Diagnostics:

We chatted with with Angelica, founder of Bloom Diagnostics ($20K/month). In our interview, Angelica says:

A mediocre team with a brilliant idea is less likely to succeed than a brilliant team with a mediocre idea.

Additionally:

The most important lesson, after a proof of concept, is stamina and perseverance. There are no shortcuts.

Further:

Search for the best possible people, including human factors, surround yourself with them and never be afraid to hire people who are better than you. They have to be.

Read the full interview ➜

#3: James Bates, founder of AdviNow Medical:

We chatted with with James, founder of AdviNow Medical ($200K/month). In our interview, James says:

Entrepreneurs need to be creative, be persistent, and work hard to find success.

Read the full interview ➜

#4: Adela Barbulescu, founder of Emoface:

We chatted with with Adela, founder of Emoface ($0/month). In our interview, Adela says:

One thing I cannot stress enough is the importance of communication and finding opportunities to present my company. Word of mouth is what helped me meet my cofounder and our clinical advisor.

Additionally:

Looking back, I can identify several mistakes, among which the initial tendency to do everything on my own and the obsession with details, without having cleared a strategy.