Demand for healthcare is growing at nearly twice the rate of the rest of the economy. Research suggests that something like 5.6 million more people will be employed in healthcare by 2020. Most people so far have focused on the effect that this will have on our collective wallets. But few have looked at the issue from an entrepreneurial perspective. Is there an opportunity here?Moms can start their own businesses and succeed in the healthcare sector.Click To Tweet
This article is going to argue that there is an opportunity here for entrepreneurs. Despite the regulation and red tape in the medical industry, moms can start their own businesses and succeed in the sector. Check out these ideas.
Lifestyle medicine is taking off. People are finally discovering that a lot of the diseases they thought were due to old age are in fact caused by lifestyle. They now recognize the importance of both eating healthily and doing exercise like never before. The problem is that many people struggle to do it. They either don’t have the right information on what to eat or what exercises to do. Or they don’t have the willpower to go it alone, and they need somebody to help them.
As a mompreneur, you can take advantage of this need. There are plenty of ways into the market. You can subcontract your services out to GPs offices and fitness centers. You can set up online, and offer regular webinars and coaching. Or you can find clients in your local area and go to their homes and cook. The possibilities are endless.
One of the reasons for starting a business is to be able to sell it on. It can be difficult to sell a consulting business unless it’s a big brand. But it’s much easier to sell a medical equipment business, especially if you get a patent. Many medical companies start up, build a device, and then patent it. They then wait for another company to take them over and pocket the cash. Legal professionals, like Jerry Sokol, warn, however, that the process of selling a business is difficult. So it’s worth incorporating the fact that you wish to sell into your business plan early on. The great thing about creating medical equipment is that you can earn royalty income every time a device is sold.
Medical App Business
We’re right at the start of the medical app revolution. In the future, apps will be far more capable, and may even be able to offer treatment. You could be part of that future if you develop your own medical app. Medical apps today keep track of heart rate, calorie intake, and steps taken. In the future, provided sensors get better, they’ll be able to diagnose diabetes or high blood pressure.
Personal trainers are all the rage right now. But if you want to excel in the field, you’ll need some sort of related college qualification. A degree in exercise physiology, sports medicine or physical therapy will suffice. As a personal trainer, you’ll need to be motivated yourself, and you’ll have to be great at motivating others to succeed. You’ll help people achieve their goals, as well as overcome injury and disability.
Love The Healthcare Industry? Check Out These Medical Businesses You Can Start Today first appeared on Mompreneur Media