383: Great Ideas Are a Dime a Dozen with Michael Willis Co-Founder and Co-Owner of Medaware Systems Inc

Michael Willis, Co-founder and CEO of Medaware Systems, is a Former Vice President at Philips Electronics, and Jones Intercable who left corporate life to pursue his passion for developing innovative technologies and services. Michael has built successful start-up companies, both publicly traded and privately held, leading them to exit strategies that brought considerable value to investors and other stakeholders.

Entrepreneurial Role Models:

Personal Acquaintances

When business started difficulties overcame:

“Like any business, the uncertainty of it, it’s a new idea, never been tried before, we had to invent the entire infrastructure and science around this so a lot of trepidation around a number of things, A, can it be done, B, is there a market for it if we do it”…[Listen for More]

Favourite Books:

The 7 Habits of Highly Effective: Powerful Lessons in Personal Change People Book by Stephen R. Covey

Favourite Quote:

“You do not need to know precisely what is happening or exactly where it all going, what you need is to recognise the possibilities and challenges offered by the present moment and to embrace them with courage, faith and hope”

Recommended Online Resources:

Online resources related to healthcare

Best Advice to Other Entrepreneurs:

“Know your customer, who are they, what are their problems, have you talked to them at great length and what their problems are, what are their expectations and how can you really bring something of value of them”…[Listen for More]

More About Michael Willis:

MedAware Systems, Inc.

Neil’s Quote at the Beginning:

“An empowered life begins with serious personal questions about oneself. Those answers bare the seeds of success.” Steve Maraboli

Other Quotes From the Chat with Michael Willis:

• “Don’t believe your thoughts, get the data”
• “Everyone thinks they have a great idea, great ideas are a dime in a dozen, and it really has to be an idea that really solves a problem in the world”
• “You’ve got to start with the market and the problem in the market”
• “What are you solving and for who”

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