The practice of medicine is a profession that will not run out of clients. It’s because our body isn’t invincible. Time and time again, he is bound to contract some form of disease and he is going to need a doctor. Let us discuss how to start a medical clinic business.

First of all, you need to have a business plan. The plan should include a business goal, some reason that the business should work, and a phase-by-phase plan on how to achieve the goal.

Next on the list is the capital. Without initial capital, no business can be made possible. You might need to apply for a bank loan. In such a case, you are going to incur an accounts payable. A short-term accounts payable is expected to be resolved in one operation cycle which is one year. Whereas a long-term accounts payable takes more than a year, about two years, to pay off.

Then you have to find a suitable location for your medical clinic. Let’s just assume that you are a medical doctor, you should already have a small clientele that you have built from your years as a medical resident. Location should be somewhere in the business section of the city or town with accessibility to buses or subway trains.

By the time you have found a suitable location, you should have an architect or interior designer plan the layout of your clinic. Your clinic should have a reception area where theres a counter for the receptionist. Equipment that the receptionist needs are a computer unit, Adjacent to it is the waiting area where patients wait for their turn. There should be furniture for sitting, a TV set or some reading materials so the patients dont get bored while waiting. A toilet should also be provided, either unisex or one for each sex.

Depending on the number of doctors, so should there be the same number of offices. There should be two or three treatment rooms. You should make a deal with medical equipment manufacturers to get a good deal on EEG machines, ECG machines, EKG machines, ultrasound machines, weighing scales, etc. They could offer you short-term or long-term accounts payable services. A vending machine can also be put up in the waiting area so that patients could have refreshments to tide over the wait. Make sure you have provisions for parking.

This is no different for a business intending to market their products to another business. Sales and marketing both have something in common: they’re both dependent on the right contacts. If you don’t have the right contacts to sell your products or services to, then your revenue streams will be stagnant at zero. Nothing gets marketed, nothing gets sold. On the flipside, you spend your resources marketing a product, but to the wrong target audience. Something gets marketed, but nothing gets sold, which eats away at your profit margin or even break-even point.

So you see, even as a business you need a proper and highly targeted list, if you’re in an industry that deals majorly in medical equipment or pharmaceuticals or anything medical related that can be of use to a medical clinic, then you must have a qualified list of medical clinics in order for you to do business.

Come visit us and we’ll teach you everything you need to know about account payables, from accounts payable automation to accounts payable jobs.

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