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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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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

Copy Sales

With the growing popularity of running businesses or working at home, a copy center can offer a range of services for people who lack office equipment.

Entrepreneur

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Business At A Glance

Copy Sales
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Online Operation? No

Business Overview

The popularity of operating a business or working from home has catapulted a copy center into one of the hottest business startups available for the new millennium simply due to the fact that most people working from home lack the resources to purchase this type of office equipment, or can justify the expense for the limited use.

Copy centers typically provide customers with a wide range of services, including black-and-white photocopying, digital color copying, a fax transmission service, laminating, booklet and report binding, mail box rentals, courier and shipping options, and small-run print jobs of business cards, fliers, and business presentations.

The key requirement for success in this business is unquestionably location. The copy center must be located in a highly visible area with excellent parking facilities and/or lots of walk-by foot traffic. As a method to reduce startup costs–since this type of equipment is extremely expensive–you may want to consider purchasing secondhand equipment or lease new equipment.

The Market

People who need office supplies or quick office-related jobs done

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Business Services

Small Business Coach

Inspire success in other entrepreneurs as a small business coach.

Entrepreneur

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Business At A Glance

Small Business Coach
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

In the United States and Canada more than 800,000 businesses are started annually. Combine this with the millions of small to medium-sized businesses already operating, and I’m sure you would agree that the future looks very bright, not to mention potentially profitable, for a small business coaching service. This hot opportunity will appeal to entrepreneurs who are past or present small business owners, business managers, or corporate executives, especially those with strong marketing, administration, operations, and financial forecasting skills. Because there is a plethora of small business training schools and courses offered by nonprofit government agencies and for-profit businesses in both countries, you will be well advised to specialize in a specific industry, such as retail or manufacturing, and to offer clients a more personalized one-on-one training service as opposed to a classroom setting.

The Market

Small business coaches help new and existing business owners with any number of tasks, including business planning, marketing strategies, financial budgets, logistics issues, technology issues, and expansion challenges.

Needed Equipment

Desktop computer with internet access.

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