By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Your #1 guide to start a business and grow it the right way…

InSmartBudget

  • Home
  • Startups
  • Start A Business
    • Business Plans
    • Branding
    • Business Ideas
    • Business Models
    • Fundraising
  • Growing a Business
  • Funding
  • More
    • Tax Preparation
    • Leadership
    • Marketing
Subscribe
Aa
InSmartBudgetInSmartBudget
  • Startups
  • Start A Business
  • Growing a Business
  • Funding
  • Leadership
  • Marketing
  • Tax Preparation
Search
  • Home
  • Startups
  • Start A Business
    • Business Plans
    • Branding
    • Business Ideas
    • Business Models
    • Fundraising
  • Growing a Business
  • Funding
  • More
    • Tax Preparation
    • Leadership
    • Marketing
Made by ThemeRuby using the Foxiz theme Powered by WordPress
InSmartBudget > Start A Business > 6 Myths That Are Blocking You From This $200 Billion Opportunity

6 Myths That Are Blocking You From This $200 Billion Opportunity

News Room By News Room May 20, 2025 9 Min Read
Share

When we first set out to launch a telehealth startup, my brother Eli and I were hit with obstacle after obstacle, each one more confusing and contradictory than the last. It felt like the system was designed to keep outsiders out. And for a while, we believed what so many others do: that breaking into telehealth required deep pockets, advanced degrees and a law firm on speed dial.

But here’s the truth most people don’t know: the biggest barriers to entry aren’t real barriers at all, they’re myths. Myths that circulate so persistently, they end up scaring off exactly the kind of innovative thinkers this industry desperately needs.

Telehealth is projected to hit over $200 billion in global market size. Yet countless entrepreneurs, especially those outside of medicine, assume the space is off-limits. It’s not. You just need to know how to separate fact from fiction.

Here are the most common myths holding founders back, and how to move past them.

Myth #1: You need a medical degree to start a telehealth company

The Truth: You don’t need to wear a white coat to build a successful healthcare brand. Just like Jeff Bezos didn’t need to sew every book jacket Amazon sold personally, telehealth founders don’t need to treat patients themselves.

What You Actually Need: Infrastructure. A compliant, scalable system that connects licensed providers with patients and keeps everything above board.

How to Overcome It: Partner with licensed medical professionals and/or use platforms that manage provider relationships, prescription workflows and regulatory compliance. Some platforms (like Bask Health) now offer white-labeled solutions that allow non-medical founders to launch brands without having to hire an in-house clinical team.

Related: This Founder Didn’t Want to Be the ‘Face’ of Her Brand. But She Pushed Through the Discomfort — and Now She’s a Household Name.

Myth #2: The regulatory maze is too complicated to navigate

The Truth: Yes, healthcare is regulated. But “regulated” doesn’t mean “impossible.” It just means there are rules. And most of them are well-defined, transparent and navigable with the right tools.

Where Entrepreneurs Go Wrong: Trying to reinvent the regulatory wheel alone, or giving up before even trying.

How to Overcome It: Use turnkey compliance services. Many platforms now handle everything from HIPAA compliance to provider credentialing to pharmacy fulfillment. Some even offer integrations with familiar e-commerce platforms like Shopify. The path has been paved; you don’t need to build the road from scratch.

Myth #3: It takes years to launch a telehealth business

The Truth: That might have been true in 2010. Today, startups can go live in weeks, not years.

Why? The rise of no-code software, pre-licensed provider networks and plug-and-play health tech platforms. The time and financial cost of building from the ground up is no longer necessary or strategic.

How to Overcome It: Instead of coding a platform or recruiting providers one by one, opt for modular, pre-built systems that handle intake, virtual visits, e-prescriptions and more. Many founders now go from idea to launch in under 30 days.

Related: E-Commerce Is Getting Tougher — Is Telehealth the Answer?

Myth #4: You need massive capital to get started

The Truth: It used to cost hundreds of thousands to stand up a telehealth brand, custom software, legal retainers, provider salaries, insurance…the list went on.

Today, that’s changed.

What’s Different Now: SaaS-based telehealth platforms offer everything from patient portals to multi-state provider networks to legal frameworks, all on a subscription basis.

How to Overcome It: Treat your launch like a modern DTC brand. Skip the six-figure dev spend and plug into tools that charge monthly fees. In the same way Shopify enabled a new generation of retail brands, telehealth platforms now let you launch with low overhead and scale as you grow.

Myth #5: Telehealth is only for big healthcare providers

The Truth: The telehealth boom has democratized access. In fact, many of the most successful new players aren’t hospital systems; they’re small, focused consumer brands in niches like mental health, dermatology, women’s health and sexual wellness.

What They Have in Common: A clear audience, a compelling brand and a digital-first approach.

How to Overcome It: Focus on a specific problem underserved by traditional care, whether that’s managing migraines, tackling hair loss, or providing menopause support. Then use digital marketing strategies (SEO, influencer partnerships, paid ads) to build an audience. Compliance and infrastructure can be handled by your tech stack, your job is to own the brand and customer relationship.

Related: Cut Through Digital Noise With These 4 Kinds of Creative Content

Myth #6: You’ll get sued if you get it wrong

The Truth: Healthcare liability is real. But the fear of litigation often outweighs the actual risk, especially when you operate within a compliant framework.

The Key Difference: There’s a world of difference between ignoring regulations and using vetted, regulatory-compliant systems designed for telehealth delivery.

How to Overcome It: Work with vendors that prioritize compliance and have built-in protections, like encrypted data storage, secure video consultations and documented consent workflows. Think of it like driving a car with airbags, seatbelts and lane assist. You’re not invincible, but you’re far from reckless.

It’s not the rules holding you back — it’s the rumors

Most of what’s “common knowledge” about telehealth is outdated or outright wrong. The real story? Telehealth is one of the most wide-open opportunities in modern entrepreneurship.

It’s e-commerce in 2010. It’s SaaS in 2005. It’s still early, and the only thing stopping most founders from entering is misinformation.

There’s never been a better time to launch a telehealth brand. Whether you want to build a side hustle or the next billion-dollar exit, the playbook exists. The infrastructure is ready. The market is growing.

So if you’ve been sitting on an idea, or writing it off because you’re “not a doctor” or “don’t have millions”, it’s time to rethink that.

You don’t need an MD. You need a vision, a niche and the right platform to power your idea.

The $200 billion telehealth wave is already underway. The only question is whether you’ll be part of it—or watch it pass you by.

When we first set out to launch a telehealth startup, my brother Eli and I were hit with obstacle after obstacle, each one more confusing and contradictory than the last. It felt like the system was designed to keep outsiders out. And for a while, we believed what so many others do: that breaking into telehealth required deep pockets, advanced degrees and a law firm on speed dial.

But here’s the truth most people don’t know: the biggest barriers to entry aren’t real barriers at all, they’re myths. Myths that circulate so persistently, they end up scaring off exactly the kind of innovative thinkers this industry desperately needs.

Telehealth is projected to hit over $200 billion in global market size. Yet countless entrepreneurs, especially those outside of medicine, assume the space is off-limits. It’s not. You just need to know how to separate fact from fiction.

Join Entrepreneur+ today for access.

Read the full article here

News Room May 20, 2025 May 20, 2025
Share This Article
Facebook Twitter Copy Link Print
Previous Article The Onion has opened a creative agency
Next Article No, Graduates: AI Hasn’t Ended Your Career Before It Starts
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Wake up with our popular morning roundup of the day's top startup and business stories

Stay Updated

Get the latest headlines, discounts for the military community, and guides to maximizing your benefits
Subscribe

Top Picks

Inside the Fight League That’s Turning Creators Into Broadcasters
May 20, 2025
How to Protect Your Business From Deepfake Fraud
May 20, 2025
No, Graduates: AI Hasn’t Ended Your Career Before It Starts
May 20, 2025
The Onion has opened a creative agency
May 20, 2025
5 Things You Need to Stop Doing as a Solopreneur
May 19, 2025

You Might Also Like

How to Quit Your Job and Go All In on Your Side Hustle

Start A Business

How to Turn Simple Ideas Into Never-Ending Paychecks

Start A Business

A Great Domain Name Can Add Millions to Your Business — Here’s How to Get One (Even If It’s Already Taken)

Start A Business

How to Unlock Your Brand’s Potential Through Engaging Content

Start A Business

© 2023 InSmartBudget. All Rights Reserved.

Helpful Links

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Resources

  • Start A Business
  • Funding
  • Growing a Business
  • Leadership
  • Marketing

Popuplar

Elon Musk’s Grok AI Can’t Stop Talking About ‘White Genocide’
How to Quit Your Job and Go All In on Your Side Hustle
WNBA advises ‘viewer discretion’ in 2025 season campaign

We provide daily business and startup news, benefits information, and how to grow your small business, follow us now to get the news that matters to you.

Welcome Back!

Sign in to your account

Lost your password?