About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Medical Braces
Startup Costs: $10,000 - $50,000
About
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No
Offer the hundreds of types of medical braces to people with injuries.
Business Overview
There are literally hundreds of types of medical braces used for hundreds of different medical conditions; everything from braces for a bad back to knee braces for sports injuries. There are thousands of manufacturers of medical braces worldwide, so securing a wholesale source for the products should not be difficult. The braces can be sold to consumers in a few different ways, including establishing a sales kiosk in a mall or close to a hospital or medical center, selling the braces online and advertising the braces in specialty publications for mail-order sales. Medical braces are specialized products, so maintaining markups of 100 percent is justified.