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Medical Billing Service

You can work from home while handling billing and tracking down unpaid claims for medical facilities.

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Business At A Glance

Medical Billing Service

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

The medical billing industry is extremelycompetitive. However, for the determined entrepreneur there is still agood opportunity to earn $40,000 per year or more operating a homebased medical billing service.

All medical billing is processedelectronically and sent directly to Medicare clearinghouses, socomputer equipment will be required as well as medical billing softwareto operate the service.

Additionally, you’ll have to familiarizeyourself with the diagnostic and procedure coding systems used bydoctors and health-care professionals on medical claim forms toindicate the type of service being billed.

Currently, medical billingservices are charging clients in the range of $2 to $3 per claimprocessed, and the overall profit potential for the service is good,providing you can process medical claims on a volume basis.

 There’s asteep learning curve for operating a medical billing service andcareful planning and research techniques will have to be practiced.

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Business Services

Errand Service Business Opportunity

Help busy people get through the day by providing an errand service.

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Business At A Glance

  • Business: Errand Service
  • Start-up Costs: Minimum
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? Yes

Business Overview

Let’s face it; today’s busy lifestyles mean that a lot working people just don’t have time for even the simplest of errands, such as taking the family pet to the veterinarian for a routine checkup, buying AuntSue a birthday present, or picking up the kids after school.

Which is great news if you’re a multi-tasker looking to start your own simple,inexpensive, yet potentially very profitable business. An errand service can be operated with nothing more than a cell phone and reliable transportation.

Land clients by networking and by creating a simple marketing brochure explaining the services you provide along with your contact information.
Related: Start A Small Business, Become Self–Employed

The brochures can be pinned to community bulletin boards, hand-delivered to homes and businesses and distributed with the local newspaper.

A few promotional items such as pens and memo pads emblazoned with your company logo, name and telephone number given out to potential customers will go a long way as a daily reminder of your fast, reliable and affordable errand services.

This is the kind of business where growth is fuelled by referrals, so customer service and satisfaction are the most important goals.

The Market

Busy individuals who need a little help getting their day to day errands done. You can also market your services to small business owners.

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Business Services

Ministorage Center

With businesses popping up at a record rate, the ministorage industry is growing bigger everyday.

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Business At A Glance

Ministorage Center

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

The ministorage industry is booming. Why?Simply because with homebased businesses opening at a record pace,homebased business owners require storage space for products, displays,and equipment.

Likewise, the baby boomer generation is scaling down tosmaller residences and require storage space for their personalbelongings. Without question, starting a ministorage business involvesan enormous investment on behalf of the entrepreneur.

However, theincome that can be earned from a well-established ministorage businesscan exceed $150,000 per year or more. A possible solution to combatthis high investment dilemma may be to form a group of investors toback the business venture financially, with you as a minority shareholder and the operator of the storage business.

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Business Services

Executive Organizer

Head straight to the top to get the boss organized and see the effect trickle down.

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Business At A Glance

Executive Organizer

Startup Costs: Under $2,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

The average businessperson faces a daily avalanche ofinformation–e-mail, snail mail, faxes, memos, reports, revisions,agendas, addenda, ad infinitum–and is nearly swept under by the sheermass of all this stuff. If you’re a neat freak with a passion for orderand efficiency, then you can save the day as an executive organizer.

You’ll work with businesspeople and their employees to bring order tochaos. You’ll streamline paper flow, set up filing systems, clean upand organize desks and work spaces, rearrange schedules, delegatetasks, and even create quiet times to maximize office efficiency. Ifyou’re a computer person, you can turn your talents to organizingWindows desktops and document storage, too.

The advantages to thisbusiness are that you can start part time, it’s creative, you canexplore the business worlds of lots of different people, and once youget going, you can earn extra income giving seminars. You can also–asmost professional organizers do–take on tasks in private homes as apersonal organizer.

The key ingredient here is, of course,organizational ability, which you must be able to apply to otherpeople’s situations. You’ll have to diagnose how an office works aswell as how it should work and then apply that diagnosis to do-ablesolutions for your clients.

You’ll also need to be anorganization-oriented shopper with a keen knowledge of what furniture,accessory, software and office supply products are in the marketplaceso you can make recommendations.

The Market

Your clients can be any corporation, executive or small-business owner.Rein in these prospects by networking with business consultants,interior designers and architects, and professional and civicorganizations.

Place ads in the business section of your local paperand in the Yellow Pages. Write articles and press releases for localpublications. Give seminars and workshops at local colleges andalternative learning centers, and give talks to local business groups.

Join professional organizing associations–these can be terrificsources of referrals.

Needed Equipment

All you really need to get started is yourself and a planning book, butonce you get up and running, you’ll want a computer, a laser printerand a fax machine, along with the usual office software. You may alsowant special time-management and form-design or desktop-publishingsoftware.

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