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Health & Medical Care

Medical Braces

Offer the hundreds of types of medical braces to people with injuries.

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Business At A Glance

Medical Braces

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

There are literally hundreds of types ofmedical braces used for hundreds of different medical conditions;everything from braces for a bad back to knee braces for sportsinjuries. There are thousands of manufacturers of medical bracesworldwide, so securing a wholesale source for the products should notbe difficult. The braces can be sold to consumers in a few differentways, including establishing a sales kiosk in a mall or close to ahospital or medical center, selling the braces online and advertisingthe braces in specialty publications for mail-order sales. Medicalbraces are specialized products, so maintaining markups of 100 percentis justified.

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Health & Medical Care

Senior Home Care Agency

Help the elderly continue to live at home by providing care services.

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Business At A Glance

Senior Home Care Agency

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

Here’s the problem: A senior parent wants to live in his own home,maintaining his independence, but he has trouble bathing, fixing mealsand remembering to take his medications. The solution: You. As owner ofa senior home care agency, you’ll send a qualified, compassionateperson out to assist with the daily tasks of living.

This is aburgeoning field. With more and more seniors out there needingassistance and more and more two-income families, there’s nobody togive mom or dad a helping hand. And with health-care costs rising bythe moment, hospitals are discharging patients earlier than ever,sending them home too ill or too weak to fend for themselves. So seniorhome care is rewarding, not only financially but personally as well. Asa senior home care agency operator, you’ll act as a referralservice–locating cheerful, reliable, honest and kindly people to placein seniors’ homes on a temporary or long-term basis.

Your caregiverswill be independent contractors paid directly by the patient or hisfamily and though they must have the qualities listed above, they don’tneed medical training–just good common sense. The advantages to thisbusiness are that you can start part time and you have the satisfactionof filling a real need, helping seniors lead more independent lives andtaking some of the burden from worried family members. You’ll needterrific people skills–the ability to determine the suitability ofpotential caregivers and the magical quality of knowing which caregiverto pair with which client. Organizational and administrative skills arealso a must because you’ll be coordinating people, times and places allat once.

The Market

Your clients will be seniors and their families. You can place ads inlocal newspapers, but perhaps your best bet will be to establish yourservices throughout the medical community, which can provide referrals.Send sales letters and brochures to local hospitals and doctorsspecializing in geriatrics, cardiology and other diseases that affectseniors, local health-care agencies and senior centers, and evenemergency medical services like paramedics. Follow up with phone callsto reinforce your image. Get your business written up in localpublications.

Needed Equipment

You don’t need a medical background, but you should have the materialsand knowledge to give your caregivers a good grounding in CPR, firstaid and senior care professionalism. Make sure you don’t positionyourself as an employment agency or nursing registry because you’llneed to be licensed for either of these–use independent contractorspaid by the patient or his family. You’ll want a computer with inkjetprinter and the usual software.

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Health & Medical Care

Vitamin Sales

The current focus on health and anti-aging products makes it the perfect time to capitalize on this market.

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Business At A Glance

Vitamin Sales

Startup Costs: $50,000 – $100,000
Home Based: Can be operated from home.
Online Operation? Yes

Business Overview

Owning and operating your own vitamin storecould be the answer to your financial and self-employment dreams. Thetime has never been better than now to start a health-related business,as more and more people across North America become concerned abouttheir health in general.

And selling vitamins is not only a great wayto capitalize on consumer demand, but it’s also a fantastic way to helpothers strive for a healthier lifestyle. You’ll need a great deal ofknowledge about vitamin and mineral supplements, but with that said,you can research all of the information you need on the subject andeven hire experienced staff or a health consultant to help build andmarket the vitamin product line. Locating vitamin manufacturers andwholesalers for this venture won’t be difficult as there are thousandsworldwide who’ll be more than happy to establish wholesale accountswith new businesses. Startup costs are high, but the profit potentialis excellent. A retail location would best suit this venture, but tokeep startup costs to a minimum, a small kiosk in a busy mall would bea good alternative.

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Health & Medical Care

Health Fair

With an increased demand for health-care information, running a health fair for professionals and health-related companies could grow to a lucrative business.

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Business At A Glance

Health Fair

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

Across North America, there are thousands ofhealth-care professionals and companies that produce products aimed atthe health-care industry. And all of these health-care professionalsand industry-related companies could potentially become your clients ifyour intentions are to start a business that promotes and hosts two-dayhealth fairs across the country. A health fair is the same as a tradeshow or craft show. The major difference is that all vendors orexhibitors are in the health-care industry. This type of uniquehealth-care related business has a chance to become a profitablebusiness concern, given the recent increased demand by consumers forhealth-care information, products and services. Charging people anadmittance fee into the health fairs, as well as charging theexhibitors a booth fee to display at the health fair would earn revenuefor the business.

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