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Medical Transcriptions

Help doctors get through their daily duties by transcribing their notes.

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Business At A Glance

Medical Transcriptions

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Medical transcription is a field that’s in major demand–and becomingmore so all the time. Since health insurance companies often requiretranscripts of medical procedures before they’ll pay for them, doctorsneed somebody to translate their dictated reports intoprofessional-looking documents. And that could be you.

If you like thefascination of the medical field and the feeling of accomplishment thatcomes with turning out a professional product that’s badly needed, thenthis might be the business for you.

As a medical transcriptionist,you’ll sit at your computer, earphones on your head, jamming to thesounds of surgeons detailing operations (or other medical professionalsgiving a play-by-play of other procedures), then send the completedreports by modem back to the doctor or hospital.

The great thing aboutthis is that you don’t have to leave home–you can receive dictationover the phone and send it back via e-mail. (Of course, there are alsolots of jobs using the traditional dictaphone, too.)

Time is of theessence in this field. If you can offer a 24-hour–orless-than-24-hour–turnaround, work second- and third-shift hours andoccasionally put in weekends or all-nighters, then you’ll be anall-star.

You must have a strong knowledge of medical terminology andexcellent spelling, grammar and punctuation skills. The ability tointerpret sometimes garbled dictation from doctors with a variety ofaccents, dialects and speech patterns is also important.

You’ll alsoneed the self-discipline to sit at your keyboard uninterrupted for longhours and remain focused.

The Market

Your clients can be doctors, hospitals (including medical recordsdepartments, information offices, radiology and pathology departmentsand emergency rooms), other health-care providers like clinics andpsychologists, and attorneys working disability or malpractice cases.

Send sales letters to these prospects, then follow up with a phonecall. You can also place ads in local medical professional publicationsand call transcriptionists to ask for overload work or referrals.

Needed Equipment

You’ll need a computer system with a laser printer (you’ll sometimesprint your reports), a fax machine, a dedicated phone line, adictaphone, word-processing software and special medical transcriptionsoftware.

You’ll want a library of reference books, including a medicaltranscription style guide, a medical dictionary, drug reference booksand various medical-terminology guides.

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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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running-errands-for-people

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

Employee Trainer

Help whip a business into shape by becoming an employee trainer.

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Business At A Glance

Employee Trainer

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

If you’re a born teacher and motivator, then you’ll get inspired as anemployee trainer. You’ll give specialized sessions on your area ofexpertise, which can be anything from language or math skills togetting the most from company employees or their customers throughleadership, self-motivation or sales motivation.

This is a hot newfield, and growing hotter. The most popular training topics includecustomer service and creative problem-solving, but they can alsoencompass internal communications and even math or reading 101. Theadvantages to this business are that startup costs are minimal, it’screative, and when you communicate new ideas and techniques and seethem take root in someone else’s mind, it’s fulfilling.

You’ll need notonly a knowledge of the topic you’re teaching, but also the innatetalents of a good instructor: the ability to explain your subjectclearly and make it interesting, and to inspire. You’ll also needexcellent sales and marketing skills to merchandise your services.

The Market

Your customers will depend on the topics of your workshops or seminars.Just about any business could benefit from a course on customerrelations or marketing techniques, but if your subject is advancedspreadsheet software, you’ll be wasting your time targeting, forinstance, companies with an employee base of telemarketers.

Direct-mailbrochures or letters of introduction to prospective companies, thenfollow up with phone calls. Network among professional and civicorganizations in your community. Give seminars and workshops at localcolleges and give talks at business associations. Write articles forbusiness publications. Place an ad in your local Yellow Pages.

Needed Equipment

You should have the businessperson’s basics–a computer with a laserprinter, a fax machine and the usual software–and you may want toinvest in a copier so you can run off materials for your students.

Anddepending on your subject matter and your personal style, you may wanta dry-erase easel, board and markers.

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Business Services

Storage Sheds

Building storage sheds is a little-known business that generates huge profits.

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Business At A Glance

Storage Sheds
Startup Costs: $10,000 – $50,000
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Building and installing backyard storage sheds is a little known business that generates gigantic profits for the owners of these businesses. Sheds are an affordable method for a homeowner to add additional storage space, workshop space, an art studio, or guest accommodations to a home without having to get plans and permits from local government. Working from a small industrial space you can build shed kits for homeowners to buy and install, or you can build the sheds in a controlled environment and transport them to the site to install for the purchasers. The business only requires basic construction knowledge and equipment to implement, and the profits that can be generated are outstanding. An elaborate sample shed can be built and displayed in a high-traffic area in your community with proper signs identifying your business. This type of advertising and promotion would be an excellent way to gain attention and attract new customers.

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