4 Great Business Ideas for Healthcare Professionals

If you’ve been in the healthcare industry for years, know that right now you have a very valuable skill and set of expertise that can easily be turned into a business. The healthcare industry is a behemoth and continues to grow every year. People are also looking for personalised solutions, and you could be the one to provide them. Let’s take a look at some business ideas all healthcare professionals should consider.

Open a General Practitioner Clinic

If you’re a physician, the most obvious choice would be to open a clinic. This comes with many challenges, however, and not everyone is ready to deal with the stresses and pressures of finding their clientele. Unless you can master the business part of it, you’ll struggle with this model. You will also have to start thinking about hiring staff and managers, managing your installations, and building relationships with suppliers.

Suppliers will have a great effect on your overhead, and we would suggest that you start looking for GP supplies online as you’ll be able to make significant savings. Working with the right suppliers will make sure that you get your supplies on time, and could allow you to get discounts over the long run as you become a regular.

Home Health Care

This is great for nurses who feel like they may not be able to handle their responsibilities, but still want to work with patients. This could be a great way to get a change of pace without completely leaving the profession. This is also great if you like to have a personal relationship with patients.

As a home health care nurse, you will be responsible for looking after people who have been recently discharged from the hospital. Since there’s a push right now for more at-home care, you could benefit from the increase in demand, especially as more people are going into old age.

Drug Rehab Centre

If drug abuse is an issue that is close to your heart, you could also start a drug rehab centre. This could be a great way to do something positive for the community. You’ll be able to make an impact in the lives of whole families. This is also a business that can be emotionally draining, however, especially as you see people spiralling out of control. But the rewarding parts largely outweigh the bad, and this could be a great option if it’s something you feel you would be good with.

Pharmaceutical Sales Rep

This one is probably the most accessible and some companies will not even require their reps to have a medical background. But if you happen to be a nurse, for instance, know that they will open their arms wide to you. This is because they tend to have a very in-depth knowledge of medicine and changes in the industry since they’re the ones who have to use them on patients. They have the sort of expertise pharmaceutical companies look for, and this could give you a big advantage when working with clients.

These are all business ideas you should ponder over if you’re still in the profession or are thinking of moving. They all cater to different types of personalities, so make sure you look at what they require and see if you have what it takes.

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The Limitations of Off-the-Shelf Components When It Comes to Medical Devices

With a shift in the patients’ lifestyle, health facilities have been forced to alter their operations to meet the changing lifestyle of the patients. Onset of the Covid-19 pandemic provided an opportunity for landmark technologies like digital hospitals to be adopted in health facilities. Other technologies like artificial intelligence, remote monitoring and treatment, electronic health records (HER), and 3D printing are recent innovations that are changing health facilities’ operations. However, such innovations’ main limitation is that they are off-shelf technologies, implying that they are developed for the mass market. Some of the limitations of off-shelf components in the medical field include:

Inability to adapt to your operations

According to a leading medical device component manufacturer, adopting an off-the-shelf component in your hospital will force you to adapt your operations to adapt to the machine’s capacity. Changing your operations to suit your machine’s components will reduce inefficiency in your hospital and lower your competitive edge.

Think of the system flow in diagnosing patients, for instance. The best practice is that the doctor instructs the laboratory to conduct some tests; then, the results are relayed to the doctor’s office in real-time. If the off-shelf component adopted in your hospital does not support this system, this implies that the patient will have to wait longer to get results. Further, patients will be forced to walk from the doctor to the laboratory to get the physical results making your operations long and inconveniencing patients.

Static features

According to Information Systems research, adopting an off-the-shelf component implies that you are at the developers’ mercy regarding when and how you will get the new features. At the onset of covid-19, when hospitals encouraged patients to stay at home and seek medical services virtually, many hospitals that lacked the technology to provide such services lost patients.

With static features of the off-the-shelf components, you cannot change your operation to meet new emerging customer needs. Hospitals are forced to rely on old, outdated technology in the wake of rapidly changing consumer needs. With custom medical components, you can add, edit, delete, adjust or amend the components at any time to suit your needs. The current customer is rapidly shifting and more informed than ever, thus to stay competitive in the medical field, you must identify and adapt to the rapidly changing customer needs.

Off-shelf components can be expensive.

According to Digital Guardian, adopting Off-the-shelf components seems cheap since they benefit from large scale economies. Still, as you adopt the technology, the cost increases with each additional user. For instance, if your monthly cost is $50 for five users, this might seem affordable initially. However, as you scale your operations and increase your team to 500 people, the cost increases substantially.

Price is not the only cost implication of adopting an off-the-shelf component. Staff training, lack of integration, and unreliable technical support are some hidden costs of such technology. If you purchase a machine, and your current team lacks the skills to use it, you will be forced to incur additional staff training costs. However, in custom medical devices, staff training is part of the initial cost, making it cheaper.

Thus, while off-the-shelf medical equipment seems affordable at first, the hidden costs like staff training, lack of integration, and a lack of continuous technical support can make this technology quite expensive.

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How to Multitask Without Sacrificing Business Quality

Did you know that only 2% of people can truly multitask? If you are part of the 98% that can’t really multitask but want to learn more about how to multitask with business, you are in the right place. We have put together this quick guide sharing our top business tips to help you multitask without sacrificing quality.

Keep reading to learn more about how you too can multitask successfully.

  1. Plan Ahead of Time

Planning ahead of time will help you when it comes to multitasking. Instead of waiting until you are in the middle of a task to decide to do something else make a list of all your tasks.

Then take your list and put the tasks that are compatible with each other so that you can tackle them at the same time. Putting tasks that you can work on at the same time will help with keeping data integrity controls in place. For example, if you are working on social media plans for different clients, keep the clients with similar content together.

If you are going to have your mind jumping from one task to the other, those tasks need to have something in common in order for you to not feel like you “fried” your brain. Keep in mind that your short-term memory can only handle so much and it is possible to overdo it and end up getting nothing accomplished.

Trying to wing multitasking is not possible which is why you need a plan. Multitasking is not something that you do with zero effort, you will need a well thought out plan that will help avoid important tasks from falling through the cracks.

  1. Time 

Another tip to multitasking is to divide your time. Set a specific time during your workday to finish the tasks that are your core responsibilities for that day. These core tasks should take precedence over everything else.

Then set the rest of the time to finish the tasks that are not as important but still have to get done. Dividing your time correctly will ensure that you always complete the work that you can’t compromise no matter what.

Also, set a certain time to check your emails and texts instead of checking them throughout the entire day.

  1. Manage Distractions

Technology has certainly helped us in the workforce but at the same time, it has created major distractions in the modern workplace. From social media to videos to blog posts it is so easy to get distracted and forget what you were doing.

You also want to avoid taking any phone calls or dealing with noisy coworkers during work hours. In order to complete multiple work tasks efficiently, take your work to a quiet space or into a conference room if your current work area is noisy. If you do not need your phone in order to work then turn it off or put it on silent to avoid this major distraction as well.

Take the time to turn off email notifications text alerts, etc. unless your position requires you to constantly check these notifications. The truth is that distractions are your enemy when you are working because even if you are tackling one simple task you can make a mistake when you are distracted.

  1. Focus

Create a to-do list every morning or the night before to avoid losing track of the tasks that have to get done. Put the tasks in order from most urgent to least important. Having this list will make it easier to stay focused and not forget to do something really important.

Keep this to-do list visible at all times. If your office is normally chaotic then you have to place this list in a spot where you will see it at all times. You might want to also color code the urgent tasks in order to give yourself enough time to complete them.

Some people work better when they have a certain type of music on. If this is you, then do not be afraid to wear a headset and use music to increase your focus.

  1. Downtime Is Your Friend

When you are multitasking it gets in the way of your memory. You are in essence interfering with noticing new information that comes across. For example, if you try to recall what you learned during a meeting with a client you will probably draw a blank because your brain was a bit tied up doing multiple tasks at once.

For this reason, you want to utilize your downtime wisely. Take those quiet moments to review notes from meetings, re-read any important documents you were given throughout the day, etc. Do not just read over everything and forget it, instead explain it back to yourself to make sure you truly comprehend it and remember it later on.

  1. Use Tools

You might want to add some tools to your toolbox to help you accomplish more than one task at a time. A popular app to help with multitasking is called Trello. This is a simple and easy to use application where you have the ability to store your tasks and keep up with them.

Now You Know How to Multitask Effectively

We hope that now that you have our top tips on how to multitask you can start applying them right away. Remember that multitasking is certainly not about working harder but instead it is about working smarter.

Did this article help you out today? Please continue to browse the rest of this section for our latest business reads.

How to Balance University with Childcare

As a mum, it can seem like you don’t have time for anything. Often the main carer in the family, you may find your time occupied by washing and feeding the child, taking them to kindergarten or school, making sure they do their own tasks and cleaning up after them.. After all that, we don’t blame you if all you want to do afterwards is pour yourself a large glass of wine and watch TV. We are more than just mums, however, with plenty of personal and professional aims of our own.

It is well-known that mums often exit the workplace after taking on child-caring responsibilities. In the USA for example, 43% of women with children leave the workplace. There are ways to get back on that horse, however, including re-training, returning to old jobs and branching out with new experiences and opportunities. One key way could be learning a new degree, but the question you may be asking yourself is: can I balance both university education with childcare?

The simple answer is: yes. The longer and more difficult answer is: yes, but with a lot of planning and working around your own schedule.

Consider a Part-Time Course

There’s no need to dive straight into an intensive one year or three year course. Universities offer the opportunity to take part in longer part-time courses that work around your busy schedule. If you have a young child that you can send to bed early, then there’s no reason why you can’t then use that free evening to get on some courses. The added benefit of a part-time course is it spreads costs out over a longer time, allowing you to find a budget that works for you and doesn’t interfere with providing for your child.

Consider Online Learning

Online learning has grown in popularity in recent years, and is seeing a higher uptake in enrolment year on year than traditional learning. At an institution such as https://www.marianuniversity.edu/, you can take courses fully online, meaning that you can work it around your schedule as opposed to having to spend time and money commuting and attending in-person lectures. The little one may have an emergency that needs to be attended to mid-studies, but at least with an online course you will be able to attend to that quickly and swiftly before getting back into your work.

Lean on The Help of Others

Never be afraid to ask for help. Whether it’s contacting friends or family to look after your child, or looking into government programs in your area that assist with mothers returning to education, fully survey your options to make your university education a success.

This is also the time when your partner should be stepping up and taking on more parental responsibilities. Perhaps they have some time-off that they haven’t taken this year, or they have the flexibility to work from home. Have a long discussion with them in order to see what they can do to make your university education a much less stressful experience.

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Market Research: How to Know Exactly What Your Customers Want Prior to Developing the Product

Before a company rolls out a new product, they often turn to market research and sometimes utilize the services of marketing research companies prior to development. There a few different ways to go about doing market research, and the manner used may depend on the product being offered and the ideal customer base. This article will go over a few different options for market research so a company can make sure their product has a chance at being a winner.

Quantitative Research is a Marketing Science

When it comes to marketing topics such as beauty market research, companies may need to get the customer’s opinions prior to product development. Aspects they may need customer opinions on include topics such as makeup shades, the case the makeup comes in, or even the scent of the makeup item. Marketing companies offer quantitative research services and help companies analyze data and statistics so that they can make an educated decision when it comes to producing and marketing new products.

Data used in marketing research can include information from competitors. By analyzing the product sales and trends of some of the competition, a company can see if the product is a good seller or not. While doing research, it’s important to determine if the product will be unique or if there are already similar products out on the market. Another question to research prior to production is what the price point should be. If it costs three dollars to make a product and the marketing research has found that the price point of the item should be two dollars, this can let a company know that the quantitative research has shown that producing this product could be a bad investment.

Get the Marketing Opinions of The Right People

Make sure that the right type of customer is being heard. For example, there’s really no point in getting an elderly gentleman’s opinion on lip gloss if the target audience is teenage girls. It makes much more sense to make sure the opinions are coming from the type of people who the manufacturer believes will end up purchasing the item or product. This is why many companies ask for the customer’s demographic information before capturing customer opinions. Marketing companies may ask for a person’s age, gender, income level, level of education, their highest level of education, marital status, and more just to make sure they are targeting the right person and listening to the right opinion.

Why Market Research is Important

It’s important to do market research before producing a new product, as product production isn’t free. If a company spends all of its funds developing a new product and then the product doesn’t sell, the company’s money has been wasted. Market research can mean the difference between a company going under due to bad investments and a company flourishing in profits as they developed products that customers are excited to buy.

In conclusion, marketing research is a fascinating science that a company should utilize prior to developing new products. This can help determine if the item will be profitable or if the company should move on to developing a different product. If a new business finds the process overwhelming, there are professional marketing companies out there that can be of help in collecting customer opinions and organizing marketing data.

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