Dr. Jason Hammond – Founder and CEO of AireSupport, Orthopaedic Surgeon, Entrepreneur, Inventor and Author, talks to Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy Podcast. Dr. Hammond addresses how he's managed to have a highly successful medical career, how we got involved in real estate and the restaurant business, and he shares his process for inventing and licensing products.
Which books changed Jason’s life?
What was Jason’s upbringing like and how did he begin his career?
What was Jason’s inspiration to become an entrepreneur?
What did Jason learn from Quixtar/Amway?
Why is it important to move out of your comfort zone?
How did Jason surround himself with good mentors?
What was it like for Jason when he entered the restaurant business?
Jason shares his advice about hiring and firing people.
What were the entrepreneurial steps Jason took after his restaurant business?
What was the process like for Jason when he was inventing a product?
How do you protect your idea before presenting it with a potential licensee?
How did Jason get his product licensed?
Jason shares advice for negotiating a licensing agreement.
Is there FDA approval for products used on patients?
How did Jason transition into selling products on Amazon?
Jason recommends listening to your instincts and don’t be afraid to take a risk.
3 Key Points:
Staying focused is key to staying in business and don’t spread yourself too thin.
If you can get a patent, it makes your original product more valuable and easier to license.
Private label products are existing products that can be sold under a different brand.
“You have to be comfortable being uncomfortable.” – Jason Hammond M.D.
“You’ve got to create the best work environment possible. Treat people with respect; make them feel like they're wanted and valued.” – Jason Hammond M.D.
“I did what was called a provisional patent. You submit your ideas on a patent and what this does is secure the date of when you developed your idea.” – Jason Hammond M.D.