Frank Baylis on Innovating in a Highly Regulated Industry Behind the Growth

Lionel Messi said, ''It took me 17 years and 114 days to become an overnight success.'' But it doesn't seem like that from the outside. We often think people like Messi are very lucky. Therefore, it is critical to hear their stories and learn what it means to grow professionally. As our guest says, ''With a bit of hard work, a lot of brains, and some luck, you can do it.''

Frank Baylis, the executive chairman of Baylis Medical Technologies, joins our host Imran Mian to share what it is like to Innovate in a highly regulated space such as healthcare as well as the challenges he faced and the lessons he learned along the way.

Key Takeaways:
- Business growth is best described using three words: trial and error
- In strictly regulated markets, users and opinion leaders are key to innovation
- As a new entrepreneur, challenges are inevitable—no matter the industry
- Growing from distributor to innovator is not an overnight transition
- Start in a small market before you take on larger competitors

Visit mobilelive.ca/podcast to learn more about each guest and read key insights for every episode.