45 Best Healthcare Business Ideas For Aspiring Entrepreneurs

45 Best Healthcare Business Ideas For Aspiring Entrepreneurs

Interested to start a healthcare business but not quite sure what to start?

The good news is, there are so many opportunities to become an entrepreneur and build an innovative product/service in this line of work.

If you're looking to start your own healthcare business, there are several stunning options you can choose from.

We put a list together below of the most profitable healthcare business ideas you can start today!

Here they are:

1. Start a transcription business

A transcription service converts live or recorded speech into a written or electronic text document. Transcription service is in demand globally across industries.

Becoming a transcriptionist can be a side hustle or a full-time job, so long as you have the right gear.

Do you plan to become a transcriber ? Take an online transcriptionist course and work on your listening skills. To succeed, you need a good typing speed and excellent language command.

How Much Can You Make?
$100,000/month
Average Initial Investment
$325,000
Skills

Case Study

My name is Ben Walker and I am the CEO and Founder of Transcription Outsourcing, LLC in Denver, Colorado.

Transcription Outsourcing was awarded the NASPO ValuePoint ($16 billion in annual sales from 65 contracts) transcription services contract three years ago, over 26 other companies, and haven’t looked back since.

how-we-started-a-100k-month-company-that-provides-transcription-services

2. Start a medical software development business

Medical software development is a bustling industry that allows for innovative solutions for healthcare professionals and patients. The business entails designing, developing, and implementing software programs tailored to meet the needs of the medical field. This can range from electronic health records and patient management systems to diagnostic and treatment planning software and telemedicine platforms.

To run a successful medical software development business, one must first understand the healthcare industry and current technological trends. Keeping up with advancements in healthcare technology is paramount, as it allows for the creation of cutting-edge solutions that can significantly benefit healthcare providers and patients.

Additionally, it is crucial to establish a strong team of skilled developers and designers, as well as business-savvy individuals who can navigate the complex regulations and compliance requirements of the medical field. Collaborating with healthcare professionals and patients to gather feedback and improve the software is also essential.

Another critical component of a successful medical software development business is building lasting relationships with clients and maintaining a high level of customer satisfaction. This can be achieved through constant communication, transparent development processes, and offering ongoing support and maintenance of the software.

Lastly, a deep understanding of the business’s financial aspect is vital. Keeping track of expenses and cash flow, and creating effective strategies for pricing, invoicing, and payment collection is essential for scaling the business.

In a nutshell, the medical software development business is a fascinating and challenging field that offers the opportunity to make a real difference in healthcare while making a profit. It requires a thorough understanding of the healthcare industry, an innovative mindset and staying on top of technology trends, a strong team of developers, and a business-savvy mindset to navigate medical regulations and compliance. With the right approach, it can be an incredibly lucrative and gratifying venture.

How Much Can You Make?
$20,000 — $200,000/month
Average Initial Investment
$15,010,000
Time To Revenue
360 days
Skills
Business model

Case Study

James Bates the CEO and Founder of AdviNOW Medical has been inventing cutting-edge technology for 20 years. AdviNOW Medical has become a leader in the health technology sector, pioneering a system that synergizes artificial intelligence and augmented reality to support existing healthcare infrastructure and services while enabling the future of low-touch no-touch medical visits. It’s a technology that seems obvious in hindsight, amending a serious problem with an elegant solution.

Healthcare automation has bigger benefits, including—but not limited to—labor savings, improved quality and consistency of care, reduced waste, lower physician burnout, and increased predictability of outcomes. In fact, practices that adopt AdviNOW see nearly a doubling of the patient throughput per provider. This obviously leads to lower wait times for patients and more profitability for the practice and enables future models within the value-based care vision.

how-we-started-our-100k-month-medical-artificial-intelligence-software-company

3. Start a dermatology business

The beauty and wellness industry is booming all across the globe. Not only has the demand for skin care, nail care, hair care, and face care products increased, but also people are conscious of the benefits of consulting experts.

If you are enthusiastic about beauty and wellness and want to start a business, you may consider starting a dermatology business. Dermatologists specialize in skin, hair, and nails. They help patients who suffer cosmetic disorders like hair loss and scars.

Cases of skin disorders among the elderly and the need for skin care and beauty solutions among younger and middle-aged people are reasons services of dermatologists are in high demand. To start the dermatologist business, research the market and choose a niche that you may specialize in.

How Much Can You Make?
$1,000,000/month
Average Initial Investment
$250,000
Time To Revenue
300 days
Skills
Business model

Case Study

Hello, my name is Scott Melamed and I run ProMD Health, along with my co-founder/business partner and close personal friend Dr. George O. Gavrila, MD. ProMD Health operates in the Aesthetic Dermatology space, but we are so much more than that. I believe that it is every company’s duty to do their part to change the world for the better and we accomplish that mission by delivering great results, taking care of our patients, our staff, our vendors, and the community at large through a number of charitable initiatives under our corporate giving program ProMD Helps.

ProMD Health started as a single location practice and has quickly grown to include 4 offices, a franchise, a philanthropic initiative, a tattoo removal business, a telemedicine company, and so much more. Since inception, our CAGR has been over 40% and we are rapidly expanding through our independent ownership program aimed at giving physicians from any industry seeking to enter this space the tools and training they need to succeed as the owner of their own ProMD Health.

how-we-started-a-700k-month-aesthetic-dermatology-business

4. Start a blog

In recent years, blogging has become a highly sought-after & lucrative Business. This location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster’s list of blogging statistics and facts:

  • Blogs have been rated as the 5th most trustworthy source of gathering online information.
  • 77% of internet users read blogs.
  • Each month, approximately 409 million people view more than 20 billion pages.

Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.

If you want to start blogging as a side hustle or as a full-time profession, choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.

How Much Can You Make?
$200 — $160,000/month
Average Initial Investment
$2,687
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

Hey! We are Kelan and Brittany Kline the founders and co-owners of the popular personal finance blog The Savvy Couple.

We are currently on pace to make over $250,000 this year alone with our personal finance blog!

how-this-28-year-old-couple-quit-their-jobs-and-make-20k-month-running-a-blog

5. Start a maternity store

Maternity wear is typically created with a loose, appropriate fit containing elastic, tabs, and stretchable fabric to provide extra comfort to the wearer. The demand for formal maternity wear is increasing, a trend that is because of an increasing number of working females.

According to records, the the number of pregnant working mothers is increasing tremendously, a trend that will continue for the next few years. Therefore, starting a maternity wear store at a strip mall or setting up an online shop can be a great business venture.

How Much Can You Make?
$1,500 — $5,000/month
Time To Revenue
270 days
Skills
Business model

Case Study

My name is Wendy Foster. I am the founder of The Mamalates Birth Recovery Method.

Postpartum women are sometimes isolated and can have challenges with the physical and mental recovery after baby. Finding an experienced professional to help them navigate this challenging time is crucial.

how-i-started-a-business-helping-women-with-postpartum-recovery

6. Start a health care training business

Health care training businesses provide a wide range of training programs to healthcare workers. They offer guidance on career preparation and assist workers in learning new skills to gain employment stability. The basic goal of healthcare training is to improve the performance of the employee and give the employer a trained and compassionate professional.

The health and wellness industry is growing rapidly especially after the global pandemic. There is never a shortage of challenges for the healthcare workers. Hence, continuous education is highly essential in health care sectors where there is high demand and growth in terms of new medical & technological advancement. Hence starting a health care training business can be highly profitable.

To start a healthcare training facility, you do not necessarily require a location, it can be set up virtually with proper planning, exposure, and advertisements, you can attract many customers. The customers may range from hospitals, medical schools, managed care companies, and national medical specialty societies.

There are several courses available online to learn how to deliver healthcare training. An ideal healthcare trainer should be excel in people management and should be able to plan, execute and manage to deliver training programs to a large group of participants. The average Healthcare Trainer's salary is $45,000.

How Much Can You Make?
$15,000/month
Time To Revenue
360 days
Skills
Business model

Case Study

My name is Kyle Golding, I am a co-founder and CMO of VORTTX Training and Testing SaaS virtual emergency response training system for long-term healthcare facilities. I co-founded VORTTX Training and Testing in 2016.

After nearly a year in development, the adoption rate of VORTTX from the public launch to the end of the first 12 months was over 500% and still growing.

how-we-built-and-launched-a-health-care-training-platform

7. Build a medical app

Medical apps are an integral part of any physician’s practice. Doctors need access to the latest reference materials and advances in healthcare technology. You might have a lot of medical experience, but creating a medical app can be daunting if you don’t know about coding and app building.

The medical apps market is expected to reach $314.60B in 2028. The healthcare industry is sacrificing billions of dollars annually on paperwork, filing, and an inefficient system for sharing patient information. With today’s technology, healthcare professionals can streamline this process and will be able to keep track of their patient’s records through a secure information system.

How Much Can You Make?
$50,000 — $100,000/month
Average Initial Investment
$50,000
Skills

Case Study

Hi, my name is Shuhan He. I’m the founder of Conduct Science, a company which I created to try and provide scientists and researchers with the necessary equipment to complete their research.

The data is stored on the Qolty servers for years, meaning that work isn’t lost and can be used for longitudinal studies.

leveraging-my-experience-as-a-doctor-to-create-a-digital-health-app

8. Become a nutritionist

A nutritionist is a food and nutrition expert who guides you toward a healthy lifestyle by counseling on nutrition issues specifically to increase or decrease body weight.

They are called food experts because they teach you about healthy food habits and how to plan your meal, including all the nutrition, vitamins, and minerals that maintain good health and prevent diseases.

There are several courses available online to become a Nutritionist. You can also earn a bachelor’s degree in food science, nutrition science, clinical nutrition, or a related area.

The requirements to become a nutritionist vary from state to state, but some states require licensing by one or more of the following associations:

  • The Clinical Nutrition Certification Board (CNCB)
  • The Board for Certification of Nutrition Specialists (BCNS)
  • Commission on Dietetic Registration (RDN)

There are several career opportunities for a certified nutritionist ranging from healthcare, food science & technology to working with large-scale groups like corporates, schools, and sports authorities. Some of the roles are:

  • Clinical nutritionist
  • Public health nutritionist
  • Management nutritionist
  • Sports nutritionist
  • Registered dietitian nutritionist

An average salary of a nutritionist in the United States is $64,000 per year. A nutritionist can also work privately with their clients and charge them hourly. The average hourly pay for a nutritionist job in the US is $28 an hour.

Starting a nutritionist business may feel overwhelming and confusing. Focus on knowing where to spend your time and energy to secure consistent nutrition clients. Seek referrals from other practitioners, such as personal trainers and doctors.

How Much Can You Make?
$600 — $500,000/month
Average Initial Investment
$2,506
Time Commitment Per Week
Min. 3 hours/week
Skills
Interests

Case Study

Hello! I am Haley Hughes a Registered Dietitian, Certified Diabetes Educator and CrossFit coach! I’m from Anchorage Alaska but currently live in Greeley, Colorado where I completed my bachelor’s degree in dietetics.

After one year of business, I have been able to pay off my car, travel to Bora Bora and Europe and still invest in retirement. I am making $1800-$2100 per month through nutrition counseling while also working for 3 other organizations as an independent contractor where I still am able to my assigned work on my own time.

leaving-my-9-to-5-to-start-my-own-nutrition-counseling-private-practice

9. Start a retail pharmacy

Starting your retail pharmacy can be a rewarding venture that offers you independence and the opportunity to define your work schedule. If you are considering starting a pharmacy, understand the licensing requirements and comply with the National Council For Prescription Drug Program.

Then, define the business model. You may opt to start an online retail pharmacy or a brick & mortar establishment. For a brick-and-mortar establishment, rent a physical location and take care of staffing costs and inventory keeping.

How Much Can You Make?
Skills

Case Study

My name is Misty Dupree and I own Medical Bag Tags, LLC. I create customizable medical and allergy awareness bag tags for your purses, backpacks, lunch boxes, and more! I desire to help bridge the gap between the medical community and everyday folks by raising awareness of medical and allergy conditions. My Bag Tags can help in emergencies where someone may not be able to speak for themselves.

During the darkest of dark days, I managed to keep my business afloat, getting small orders here and there. I did manage to pull myself out of the muck and get my LLC and Registered Trademark too. I am now on the other side of the years of pain and am looking forward to putting more time into my business and seeing it grow.

on-creating-customizable-medical-and-allergy-awareness-bag-tags

10. Start a hospital equipment distribution

A hospital equipment distribution business involves sourcing and distributing medical equipment to hospitals, clinics, and other healthcare facilities. This can include everything from basic supplies such as gloves and bandages to specialized equipment like surgical instruments and diagnostic machines.

Running a successful hospital equipment distribution business requires a thorough understanding of the medical industry and the specific needs of healthcare providers. It is important to have a reliable network of suppliers to source high-quality equipment at competitive prices and to establish strong relationships with hospitals and other clients to ensure consistent and reliable delivery.

Adequate inventory and logistics management is also crucial to success in this business. This may include implementing systems for tracking and restocking supplies and coordinating with transportation companies to ensure timely delivery.

To start a hospital equipment distribution business, entrepreneurs should research the market and identify gaps in the current supply chain. They should also consider partnerships with established medical equipment manufacturers or distributors to access a broader range of products.

Finally, it is important to have strong communication and customer service skills to ensure that clients receive the products and support they need. This may include providing technical support or training on using specific equipment.

Overall, a hospital equipment distribution business offers a valuable service to the healthcare industry and can be a lucrative opportunity for entrepreneurs with the right skills and resources.

How Much Can You Make?
$30,000/month
Average Initial Investment
$7,000
Skills

Case Study

Hello there! My name is Varghese Samuel, and I am the CEO and Managing Director of KOGLAND Commerce Pvt Ltd.

We partner with the top and cutting-edge medical technology partners to enable the availability of high-quality medical supplies. With a vast & wide range of medical consumables and healthcare products listed on our website, KOGLAND today is one of India’s fastest-growing online surgical supply stores with a ten-fold increase in revenues, steady growth in online traffic, aggressive hiring, and scaling up plans.

we-built-a-360k-year-medical-supplies-ecommerce-platform

11. Start a health insurance business

Starting a health insurance business can be a lucrative and rewarding endeavor. As the healthcare industry continues to evolve, the demand for affordable and comprehensive health insurance plans is higher than ever.

To start a health insurance business, you must obtain a license to sell insurance in your state. This typically requires completing an insurance training program and passing an exam. You will also need to work with insurance carriers to create plans and negotiate rates.

To run a successful health insurance business, it is important to have a strong understanding of the healthcare industry and the various types of health insurance plans available. You should also be able to communicate effectively with clients and help them understand their options.

In addition to selling insurance, you may also need to manage claims and handle customer service inquiries. Strong organizational and customer service skills will be essential to running a successful health insurance business.

Starting a health insurance business requires a combination of knowledge, skills, and resources. With dedication and hard work, you can build a thriving business that helps individuals and families protect their health and financial well-being.

How Much Can You Make?
$7,160,000/month
Average Initial Investment
$500
Skills

Case Study

Jason T. Andrew and Michael Kelly co-founded Limelight Health, acquired by FINEOS, in 2020.

FINEOS is a global market leader in core insurance technology for the Group, Life, Accident, and Health industry.

The founders started Limelight Health in 2014 to introduce a new technology suite to assist life insurers in providing excellent service to their consumers.

Limelight Health launched its mobile application in 2015 and acquired its first client two years after its founding..

The company raised $3M in series A in 2015, $7.5M in Series B from MassMutual Ventures, and $30M in series C in 2018.

Key growth strategies:

  • Building meaningful relationships helped Limelight acquire customers to raise funding.
  • Market research, assessing the risk, and competitor research helped them in product positioning.
  • Hiring experienced executives to help with product pivoting.
  • Hiring advisors as employees
  • Building on culture and authenticity.
  • FINEOS acquired Limelight Health in 2020 in a nearly 100M exit deal.

article

Watch the full video on youtube.com ➜

12. Start a veterinary clinic

Another thriving and profitable business in the dog cum healthcare sector that an entrepreneur who is interested in starting a dog business should consider starting is to open a veterinary clinic. As a matter of fact, if you are a veterinary doctor, this is the most suitable business that you can successfully start.

When you are looking for starting a veterinary clinic, make sure that you locate one nearby an area with lots of dog owners and animal farms. These people are your target market, and it's wise to take your business there. You'll also need to learn how to market yourself so that you can reach out to those people who might need your services.

The average veterinarian salary in the United States is $100,000 annually or $51.28 per hour. Beginning salaries start at $70,783 annually, while most experienced workers earn up to $144,023 annually.

How Much Can You Make?
$200,000/month
Skills

Case Study

I am Dr. Ellie Scott and I am passionate about keeping pets healthy and supporting pet parents. I purchased Stringtown Animal Hospital in 2004 to create a pet care facility that is exceptional at preventing and treating illness.

When I purchased the hospital there were 3 employees and 1 veterinarian, myself. We currently have 5 veterinarians and 23 employees. Our community, Grove City, is amazing. My entire team works tirelessly to accommodate the needs of our pet families and make every experience positive. This past year of COVID has been challenging for everyone. But my team has excelled. They embraced the changes of curbside care and keeping themselves healthy. They truly understand the importance of pets in the lives of our pet families. They go above and beyond, every day. There is no doubt they are heroes.

how-my-love-for-animals-led-me-to-start-a-200k-month-veterinary-hospital

13. Start a child care business

Starting a childcare business is a great way to build a steady income. You will have the opportunity to be your boss and set your hours even from home. You will have the satisfaction of building one-on-one relationships with children and watching them grow over the years.

A childcare business is an excellent idea. It is both a personal and economical investment for its owners. This is especially true if you are considering starting your non-profit organization or becoming licensed to provide child care. Running a childcare business allows you to help children develop while also making money. As with any business endeavor, running a childcare business has its ups and downs, but it can be very rewarding.

Average Initial Investment
$100,000
Time To Revenue
180 days
Skills
Business model

14. Start an in-home senior care business

With the busy lifestyle, family members are often absent and employ in-home caregivers to look after the elderly parents.

Caregivers assist the elderly with personal care routines, including bathing, grooming, dressing, toileting, and exercising. Caregivers also oversee medication & prescription usage and administer medicine.

Researchers anticipate a shortage of more than 100,000 caregivers for the elderly in the next decade. Therefore, starting an in-home senior care business is a great opportunity if you enjoy caring for the elderly and spending time with them. You can choose to work as an overnight caregiver or whichever work schedule suits you.

How Much Can You Make?
$250,000/month
Average Initial Investment
$200,000
Skills

Case Study

My name is Gareth Mahon. I’m the co-founder and CEO of The CareSide, a home care and nursing service provider for elderly individuals in Australia. We are based in Perth, Australia.

We launched our company in 2017. Over the past 3 years, we have scaled to $5 million in revenue.

how-i-started-a-250k-month-a-home-care-and-nursing-service-provider

15. Start a medical scrubs business

Medical scrubs are typically used by doctors, nurses, and other medical professionals.

The medical industry is one of the biggest industries in the world. The medical clothing market is expected to reach $173B by 2029.

This business can be started with a small investment and can prove to be an excellent source of income.

16. Start a wearable technology device business

17. Start a blood testing business

How Much Can You Make?
$20,000 — $45,200,000/month
Skills

Case Study

Hi! My name is Angelica Kohlmann. I’m an investor in tech and biotech companies and co-founder of Bloom Diagnostics. As a big friend of tech and an MD Ph.D., I saw the big gap between healthcare and technology, and healthcare and people, meaning that we need to bring healthcare closer to people through new technologies.

We’re entering the market as we speak, and in the first month, we were already able to win 8 pharmacies in and around Vienna.

we-raised-21m-built-a-home-blood-testing-device-took-it-to-market

18. Become a physical therapist

Physical therapists are trained professionals who evaluate and treat abnormal physical function relating to injuries, disability, or other health conditions. The professionals can diagnose and treat various injuries and health conditions and improve a person’s range of movement and quality of life, preventing further injury or disabilities.

A licensed physical therapist works in various healthcare settings, including private practice and fitness settings. To become a physical therapist, earn a doctor of physical therapy education and pass the licensure exams. Then, you can register your business and focus on growing the business.

How Much Can You Make?
Skills

Case Study

Hi there! My name is Sam Varnerin and I created Snuggle with Sam, my independent professional cuddling practice, while I was still working full-time as a construction engineer.

Here’s all of the contributors on the panel at CuddleXpo in Chicago presenting how we came up with the Code of Ethics for Professional Cuddling. Back left to right: Maryelen Reid, Madelon Guinazzo, Samantha Varnerin (me!), Samantha Hess, Jean Franzbleau, Fei Wyatt, Janet Trevino. Front left to right: Keely Shoup, Lisa Meece. Photo credit Rellian Chen Merrin

how-i-make-a-living-professionally-cuddling-with-people

19. Build a health information website

According to CDC report, 74% of all U.S. adults use the internet, and 61% have looked for health or medical information online. Besides, 49% access the internet for information about particular medical conditions or problems.

So, starting a health information website is a brilliant idea!

Maybe you want to cover a specific health topic and provide readers with essential information on finding an ideal clinic, or perhaps you are starting as a health blogger. Whichever the route, you can earn commissions for referring your readers to clinics or healthcare consultants.

To get started, find a niche and consider how to grow traffic, consider email marketing and focus on increasing an emailing list. Publish credible and reliable health information and remember that consistency will help.

How Much Can You Make?
$20,000 — $200,000/month
Average Initial Investment
$500,000
Skills

Case Study

Hi, my name is Joe Cohen and I’m the founder and CEO of SelfDecode. The company was born out of the journey I went through to decode myself.

In 2021, we launched a crowdfunding campaign and raised a total of $8M and have generated about $2.7M in revenue over the past year. SelfDecode started with my desire to just get healthy and now we’re poised to change the future of health care as we know it. If that isn’t motivation to go after what you want in life, I don’t know what is.

i-created-a-2-7m-year-software-that-extends-people-s-lives-by-analyzing-their-dna

20. Start a diabetic care center business

How Much Can You Make?
Skills

Case Study

Hello Starter Story! It is such a pleasure to do this interview! I’m Brent Bottelsen, one of the Partners in Type2Diet.

To give an idea of the staggering numbers, as of 2017, 34.2 million people in the United States have diabetes (10.5% of the US population), and 88 million people aged 28 and older have prediabetes. This is 34.5% of the adult US population. Today, we have helped thousands of people across the country lower their blood sugar, increase their energy, and put their diabetes in check.

on-creating-a-meal-replacement-shake-for-people-with-diabetes

21. Start a home healthcare service business

Today’s lifestyle patterns have introduced new diseases, and the demand for healthcare services is rising. As we age, we develop different health problems resulting in medical services. Thus, starting a health service business can be a lucrative opportunity with the rising demand for healthcare.

Niche markets within the healthcare industry include:

  • Ambulatory surgery centers
  • Medical labs
  • Kidney dialysis facilities
  • Outpatient clinics
  • Mental health facilities etc.

To start a health service business, research the market and acquire all necessary medical equipment. You can choose a franchise or partnership or start your own health center from scratch.

How Much Can You Make?
$300,000/month
Average Initial Investment
$22,500
Time To Revenue
270 days
Skills
Business model

Case Study

Hello everyone! My name is Bharath M and I’m the founder of Healthsols Facilitators Pvt Ltd. We started the company 6 months ago to create better quality healthcare services at affordable prices.

In the early days, we used to generate very little revenue & sometimes we have ended up with zero revenue. But within 3 months slowly order flow & revenue generation started & also recruited 18 employees in 11 cities.

we-started-a-3-6m-year-medical-equipment-business-from-india

22. Start a waste disposal business

Starting a waste disposal business involves collecting, transporting, and disposing of various waste materials, including household, commercial, and hazardous materials. This business is essential for keeping communities clean and safe, and it is also a growing industry with increasing demand for sustainable waste management solutions.

To start a waste disposal business, you will need a reliable fleet of vehicles and appropriate equipment for collecting and transporting waste. You will also need to obtain the necessary licenses and permits and secure contracts with clients and waste processing facilities. Proper insurance coverage is also essential to protect your business from potential liabilities.

Successfully running a waste disposal business also requires maintaining a high level of customer service and adhering to local, state, and federal regulations for handling and disposing of waste materials. It is important to stay up-to-date on industry trends and invest in training and education for your employees to ensure the highest levels of efficiency and safety.

Starting a waste disposal business can be rewarding and lucrative, but it requires careful planning and a commitment to providing excellent service to your clients. By following these guidelines, you can be well on your way to building a successful and sustainable waste disposal business.

How Much Can You Make?
$4,000 — $37,000,000/month
Average Initial Investment
$1,450,333
Time To Revenue
300 days
Skills

Case Study

Hi! My name is Dustin Maze. I am the owner of SOCO Waste, a locally owned and operated residential waste removal business based in Colorado Springs, Colorado.

Originally the loan provided a trailer and 5 dumpsters. We now have 51 dumpsters, two roll off dumpster delivery trucks and two residential garbage trucks. We are projecting $700-800k in sales for 2020.

how-i-started-a-41k-month-residential-waste-removal-service

23. Become a wellness coach

A health and wellness coach is a supportive guide who helps clients set health goals such as weight loss, improved energy levels, stress management, etc.

Health and wellness coaching is becoming popular. Therefore, if you consider yourself an expert in health and wellness, starting your health and wellness coaching business can be a significant business venture.

Some business ideas and opportunities for wellness coaching include:

  • Corporate wellness coach
  • Yoga teacher
  • Personal trainer
  • Nutritional therapist
  • Herbalist
  • Weight loss coach

The route you choose as a wellness coach depends on your ultimate career goals, your budget, and the amount of time you intend to commit to a health coaching program.

How Much Can You Make?
$100 — $15,000/month
Average Initial Investment
$2,650
Time To Revenue
360 days
Skills
Business model

Case Study

I am Brittney Oliver, better known as “Coach Britt” and I am the founder of the Holistic Wellness Coaching Academy school for Gut Health and Mindset Coaching. I am a two-time author, board-certified coach, and passionate entrepreneur.

HWCA was built in the scarce moments between motherhood demands in an attempt to find a piece of my own identity, something that I was passionate about that could add to my family’s income which was only $35,000 a year at the time! What started as a singular course on the microbiome, evolved into an international, full coach training academy which now has graduates all over the world.

how-i-started-a-15k-month-health-and-wellness-coaching-business

24. Start a medicine distribution business

A pharmaceutical distributor purchases pharmaceutical products directly from manufacturers and sells them to pharmacies.

To start a pharmaceutical business, you can take three different options.

  • Begin a pharmaceutical business with a manufacturing unit
  • Market medicines under a franchise
  • Team up with an established drug manufacturer and become their distributor

Keep in mind that the drug and pharmaceutical industry is highly regulated, so you must meet all the licensing and permits to operate.

How Much Can You Make?
$500,000 — $800,000/month
Skills

Case Study
  • Joshua Haupt is the founder and CEO of the cannabis consultancy firm, Medicine Man Technologies.

  • Joshua Haupt is a self-made millionaire, entrepreneur, author, and cannabis grower.

  • Since 2014, Medicine Man Technologies' cannabis consulting business has supported clients all over the world in making informed decisions regarding cannabis consumption.

  • According to the medical cannabis hub RXLeaf, Haupt has earned the moniker "Steve Jobs of cannabis" due to his significant influence on cannabis cultivation and the cannabis industry.

article

Read the full story on cnbc.com ➜

25. Start a drug testing business

Drug testing examines illegal or prescription drugs in urine, saliva, hair, or sweat. The purpose of drug tests is to look for drug abuse or misuse.

The drug testing profession is highly in demand at ports of entry and exit and the sporting sector. A drug testing business can be a lucrative business opportunity. You will need a fully equipped laboratory and an elaborate business marketing plan to reach the relevant customers.

How Much Can You Make?
$100,000/month
Skills

Case Study

In 2013, Chuck realized that employers were losing time and money having employees go to a clinic to do drug testing. Nowadays, they are making $30k/month.

26. Start a drug rehabilitation center

Are you passionate about counseling drug users and helping them live meaningful life? Opening an alcohol and drug rehabilitation center is a noble idea.

Substance abuse, tobacco, alcohol, and drug addiction are rising globally. According to research, the addiction treatment market is approximately $35 billion a year and growing. Therefore, starting a drug recovery business can be rewarding.

If you plan to start the rehabilitation center, remember that rehab centers are comparable to private medical practices. So you are required to be licensed to operate the business in the addiction field.

Thus, you must attain legal licensure and all regulations and paperwork ready to operate as a drug rehabilitation center.

27. Start a health consultations business

Healthcare consultants share expertise, advise and guide healthcare organizations to make proper business decisions that promote growth and benefit their customers or patients.

To become a health consultant, you must have a related degree and earned experience. as a health consultant. You will focus on administrative efficiency, legal compliance, work environment, and procedural flow to help healthcare organizations thrive.

28. Start a medical records management business

29. Start a medical billing service business

30. Start a hospital cleaning business

A hospital cleaning business provides professional cleaning services to hospitals, medical centers, and other healthcare facilities. The business entails cleaning and sanitizing various areas within the hospital, including patient rooms, waiting rooms, restrooms, and operating rooms.

To run a successful hospital cleaning business, it is essential to follow strict protocols and guidelines for cleaning and sanitizing to ensure that the environment is safe and hygienic for patients and staff. This includes using the right cleaning products and equipment, following proper infection control procedures, and maintaining accurate documentation of cleaning tasks.

It is also essential to have a reliable and dedicated team of employees trained in the proper cleaning techniques and protocols. Providing ongoing training and support to your team is crucial to ensure they can provide high-quality cleaning services to your clients.

In addition to providing cleaning services, it is essential to have strong communication and customer service skills to effectively work with hospital staff and address any concerns or issues that may arise. Building solid relationships with your clients is crucial to maintaining a successful hospital cleaning business.

Overall, a hospital cleaning business requires attention to detail, strong organizational skills, and a commitment to providing high-quality services to ensure the safety and cleanliness of healthcare facilities.

How Much Can You Make?
$250,000/month
Average Initial Investment
$23
Skills

Case Study

In 2005, Rachael Flanagan founded Mrs Buckét, a business providing industrial cleaning services.

They operate a commercial cleaning company that has won numerous awards. They provide commercial cleaning services and facilities to companies in the public and private sectors.

Mrs Buckét offers commercial building services to facilities in south Wales and Bristol for prestige car showrooms, offices, manufacturing & educational institutions.

When she started out, Rachael was only 18 years old, and she had just £20, which she used to buy a hoover and flyers.

article

Read the full story on startups.co.uk ➜

31. Start a blood bank business

32. Start a marijuana dispensary design business

33. Start a childbirth service business

34. Start a medical foot care business

35. Start a hearing aid dispensary business

Hearing dispensers interpret hearing assessments and use the information to select the best hearing aid possible for their patients.

The hearing aid dispensers are fully qualified clinicians who assess hearing and provide aftercare for hearing aids.

To start the hearing aid dispensing business, you need on-the-job training from an audiologist and apply for the audiologist license.

36. Become a medical equipment manufacturer

How Much Can You Make?
$258,333/month
Average Initial Investment
$50,000
Skills

Case Study

Unlimited Tomorrow, a medical equipment manufacturing company, was founded in 2014 by Easton LaChappelle.

TrueLimb is their main product: an affordable, lightweight, and intuitive bionic arm.

In 2018, the company raised $1.6 million in less than a month. They put this toward funding a full-scale production line for TrueLimb.

TrueLimb costs $7,995, and if a child outgrows the piece, they upcycle the components and replace it for about $4,000.

article

Read the full article on forbes.com ➜

37. Start a medical transportation business

38. Start an eye clinic business

39. Start a pediatrician business

40. Start a herbal remedy business

41. Start a diagnostic center business

42. Start a pathological labs business

43. Start a nursing home/hospital business

44. Start an orthopedic supply store business

45. Start a sleep technician business

Pat Walls,  Founder of Starter Story
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Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.

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