Business Ideas

Printing and Publishing,Sports, Travel Business,Wedding Business, Wholesale and Retail Businesses

Business Ideas

Inport, Export, Manufacturing, Marleting,Oil and Gas, Online and Internet, Pet Business, RealEstate

This is 4profitablebusinessideas.com

We feature lots of small business ideas from various industries.

Business Ideas

Age grade,Agriculture,Farming,Art and Craft,Business Services,Education,Beauty and Personal care business ideas.

Business Ideas

Fashion and Style, Auto and Transport, Food, Healthcare,Entertainment and Events, Work from Home

Welcome to our website.

Showing posts with label Healthcare. Show all posts
Showing posts with label Healthcare. Show all posts

Why Start a Biotech Business in Singapore


The primary reason to start a biotech company in Singapore is money. The industry is very challenging and highly lucrative. It requires huge investment, highly qualified professions and availability of quality equipment.

Market Conditions
The market conditions is very favorable for startup companies in this industry. They include high global market, need for epigenetic research and sequencing. There is fast growth in diagnostic and new treatment methods.
Market Conditions for Biotech Startup
Favorable for startup companies
High global market
Requires epigenetic research and sequencing
Fast growth in diagnostic
Discovery of new treatment methods
Huge Number of Biotech Companies in Singapore
There are over 50 biotech companies in Singapore because the industry is highly lucrative. Top companies are Biosensor,FivePrime, Lonza, Adamas, Kadmus and Renovis. Others include Vanda, Kalypsys, Addex, Codexis and U3pharma.
Some Biotech Companies in Singapore
Biosensor
FivePrime
Lonza
Adamas
Kadmus
Renovis
Vanda
Kalypsys
Addex
Codexis
U3pharma
Why Start a Biotech Business
Biotech companies have a record number of IPOs globally. The stocks are highly priced and outperform other industries. Major pharmaceutical companies are ready to invest in independent startups and new technology.
Reasons to Invest in Bio Technology
Record number of IPOs globally
Highly priced stocks
Stocks outperform other industries
Major pharmaceutical companies invest in independent startups
Development of new technology
Challenges
The challenges attributed to the industry are inadequate funding, attracting top scientists and equipment. The business is highly competitive and challenging. 

Success comes with investment policies, innovation and intellectual property rights. It is important to network with industrial professionals, people with appetite for risk and experienced scientists.
biotech
Challenges
Inadequate funding
Requires experienced scientists
Appetite for risk
Real hazards
Requires serious financial 
Intellectual property rights
Funding
There are many ways to secure funds for the company. The investor can leverage on financial planners, investment bankers or venture capitalists. 
Other ways are through angel investors, sale of startup shares, partnership. 
The company needs huge funding and might consider market capitalization. More funding sources are corporate investors, private angel capitalists
Investment bankers
Venture capitalists
Angel investors
Sale of startup shares
Partnership
Market capitalization
Private angel capitalists




Biotechnology: How to Start Biotechnology Business in Singapore

Biotechnology uses living organisms in a biological system for product applications. The systems encompass different science disciplines such as gene technology, genomics and immunology. The science is related to other fields such as bio-manufacturing, bioengineering, molecular engineer and molecular biology.
The technology is applicable to the development of pharmaceutical drugs and food production. They use tissue culture, artificial selection, genetic engineering to achieve their product. The aim is to improve value in agriculture, consumables and medicine.
Biotechnology is based on research, test, development, exploitation, extraction technics that a biological.
biotechnology
Biotechnology in Singapore
Singapore has grown in recent years as a top location for biotechnology. This was achieved because of heavy investment in the sector by the Government. With an initial investment of 6 billion dollars and additional 16.1 billion the industry is well positioned for greater achievements.
World leading pharmaceutical companies have found a good partner in Asia. This has significantly increased employment and further investment in the sector. The industry has contributed a huge 5% GDP in 2011. 
Key to Success
Key success of bio-technology in Singapore is inflow of foreign investment. Many small startup companies, research institutions and universities are benefiting from the foreign interest. Although public sector research funding is low, international scientists have on the increase.
Biotechnology Startups
The industry is driven by government, private and foreign investors. First private startup in Singapore is Lynk Biotechnologies. The company was funded with $2 million dollars seed money.
It was established by Professor Lee Chee of the National University of Singapore. One of its major achievements was in the field of cancer research. Some other notable companies are ES Cell International, PhytoProtein Biotech Pte Ltd and Biotech International Ltd.
Biotechnology Products
The technology is used in crop production, healthcare, non-food and agriculture. The technology is applicable to waste treatment and recycling. Others are biological weapons, degradable plastics, vegetable oil and pesticides.
It is used in the production of vaccines, antibiotics, beer making, development of hormones, antibodies. Other products include pharmaceutical drugs and to produce genetically modified crops.
Biotechnology Uses
         Crop production
         Healthcare
         Non-food
         Agriculture
         Waste treatment
         Recycling
         Biological weapons
         Degradable plastics
         Vegetable oil
         Pesticides
         Production of vaccines
         Antibiotics
         Beer making
         Development of hormones
         Antibodies
         Pharmaceutical drugs
         Produce genetically modified crops
Funding
An investor interested in biotechnology requires huge funds. The funds could be sourced from grants, government subventions or angel investors. The person can approach a commercial bank, find a core investor.
         Grants
         Government subventions
         Angel investors
         Commercial bank
         Core investor
Team
The team should consist of bio technologists, industrial professionals and international scientists. Others are academic scientists, business investors and young scientists. Other staff requirements are marketing, accounting and finance professionals.
         Bio technologists
         Industrial professionals
         International scientists
         Academic scientists
         Business investors
         Young scientists
         Marketing
         Accounting
         Finance professionals
Write a Business Plan
The first step is to write a business plan and carry out a feasibility study. The plan should focus on business structure, funding, growth potential and equipment.
Legal
There are patent laws, incorporation and business name registration. Others are tax, liability and health insurance. There are also safety protocols, bio-hazard laws and guidelines. It is important to have ready to use intellectual property license.
         Patent laws
         Limited Liability Company
         Business name
         Tax
         Liability and health insurance
         Safety protocols
         Bio-hazard laws
         Intellectual property license
         Zoning
Marketing
Products that pass extensive testing are scalable. The product will determine the type of marketing.Owning your own swim business

How to Start a Phenyl Making Business

Introduction
A good industry to consider in business is the detergent, soap or cleaning agent industry. You can go into retail, wholesale or manufacturing. The manufacturing sector is very lucrative but challenging. This is because you face lots of stiff competition from established brands.
There are a number of small manufacturers into liquid phenyl production. This is because the product is easy to make and profitable. You stand to make 150% of your initial investment.
Liquid phenyl is a highly effective deodorizer and disinfectant. It easily destroys harmful germs on dirty surfaces.
washing toilet
Types of House Cleaning Phenyl
There are different types of house cleaning phenyl. The disinfectant which is an emulsion of creosote oil, soap and water has the brown, black and white verity. A manufacturer can produce either the white one or a concentrated one.
Types
White
Concentrated
Phenyl's Active Agents
The product has multipurpose action and a pleasant smell. It is a good insect repellent and deodorizes dirty surfaces. It acts as an air purifier and highly effective sanitizer.
concentrated white phenyl
Uses of Phenyl
Phenyl is a good cleaning and disinfecting agent. Common applications include cleaning of toilets, dispensaries, hospitals, hotels. School authorities use it in dormitories, offices or restaurants. It is highly soluble in water, easy to use.
 Where it is used
·           Public/private toilets
·           Dispensaries
·           Hospitals
·           Hotels
·           School
·           Dormitories
·           Offices
·           Restaurants
Legal Requirements
There is high demand and competition for cleaning agents in India. The product should kill most bacteria, hand safe and effective. The drug and cosmetic act 1940 and rule 1945 regulated cosmetic, soaps and cleaning agents.
Any cosmetic that is sprayed, rubbed, poured or sprinkle fall under this act. The drug and cosmetic act also covers manufacturing process such as labeling, packaging, and ornamenting. Others include altering, treating or manufacturing the product.
To venture into the liquid sanitizer business you need to fulfill certain provisions. Legal requirements are company registration and trade license. Others include business name, a state drug and cosmetic certification. The product attracts value added tax, insurance and manufacturing license.
How to Apply For a License
The state drug authorities regulate the licensing of local manufacturers of the product. First apply for a manufacturing license and pay the stipulated fee. The next step is to specify the cosmetic and class.
A basic knowledge of chemistry or diploma in related field would improve your chances of obtaining a license. You need to mention list of equipment and showcase technical proficiency.
The branding is also considered and confirm true and accurate. The license when granted has a term duration and requires renewal. The authority would conduct an inspection of your facility before granting manufacturing license.
They would look at type of equipment, location, the building and surrounding area. They would look at the safety precautions, waste disposal system, health and sanitation of factory workers.
Legalities
1.     Company registration 
2.     Trade license
3.     Business name
4.     State Drug and Cosmetic License
5.     Value added tax
6.     Consent to establish is recommended from the pollution control board
7.    Insurance
8.    Liquid phenyl certification from the drug control
9.     Manufacturing license.
Raw Materials for Liquid Phenyl Production
The raw materials to produce liquid phenyl are easily sourced in the open market.  For produce cost effectively you need to purchase the chemicals in bulk. The materials used in phenyl production are pine oil, carbonic acid perfume, caster oil. Others are monochloro phenyl, creosote oil.
Once the chemical is produced you need plastic bottles with tamper proof caps. The bottles should be labeled appropriately showing date of manufacture, expiring date. Other requirements are address of company, Drug and Cosmetic registration number and batch number.
Raw materials
·           Pine oil
·           Carbonic acid perfume
·           Caster oil
·           Mono-chloro phenyl
·          Creosote oil
·           Plastic bottles
Marketing Phenyl
There are lots of marketing opportunities for manufacturers of the product. The product is used in hotels, private homes and restaurants. Other industries that use the product are hospitals, healthcare centers and maternity clinics.
There is high demand for the product both in urban and rural areas. Other factor that has contributed to the increase in demand is the population explosion in many countries.
Marketing opportunities
1)      Hotels
2)      Private homes
3)      Restaurants
4)      Public areas
5)      Hospitals
6)      Healthcare centers
7)     Maternity clinics.
There is high demand for the product both in urban and rural areas. Other factor that has contributed to the increase in demand is the population explosion in many countries.
Funding the Business
The amount of startup funding required depends on the size of the company, production, location, workforce and equipment. Large scale production and automation would require huge capital investment.
A manufacturer can approach a trade and commerce financial institution for long term loans. The type of loan should have low interest and tenor based.
You need adequate collateral, guarantors, startup capital and the company’s memorandum and article of association. Other funding sources include target savings, sale of startup equity, core or angel investors. You could try sourcing funds through crowd funding.
Liquid Phenyl Manufacturing Equipment
To produce liquid phenyl small or large scale you need equipment. The production output also dictates the type of equipment you need. The equipment could be locally fabricated or imported. Other considerations are if the machinery is manual, semi-automated or fully automated.
Once you have a warehouse and proper utilities like water and electricity then you can install the equipment. The equipment you need is liquid filling machine, cap sealing machine, storage vessels. Others include planetary mixer, MS tank and furnace. You also need a measuring equipment or scale.
how to start inverter manufacturing 
Phenyl Making Machinery
·            Liquid   filling machine
·           Cap sealing machine
·           Storage vessels
·           Planetary mixer
·           MS tank
·           Furnace
·           Measuring equipment or scale
Black Phenyl Raw Materials
To make the product you need caustic, rosin. Other chemicals in the composition are mono chloro phen (mcp), creosote.
Raw materials
1 creosote oil
2 mcp [Mono Chloro Phenol]
3 caustic
4 rosin
White Phenyl Manufacturing Process
The cold press process requires 300ml emulsifier QP-95, 750 ml Pine Oil. Other ingredients are 1.5 liter Water. The process involves pouring QP-95 into a vessel and adding pine oil. Pour slowly and stir accordingly.
The resultant compound should produce a clear transparent liquid. If the liquid is not clear add some more QP-95. While stirring the QP-95 and Pine Oil mix add 15 liters of water. Add the water slowly and maintain the siring at a constant rate for a minimum of 1 hour. Your final product should produce a milky white phenyl cleaning agent.
Related Articles
Face Wash Manufacturing 
Small scale chemical business
How to make liquid toilet cleaner
Starting a Profitable Soap Business in India

How to Start a Botox Business

The Botox business is very lucrative and there is a huge market. The popularity increased with television programs on such cosmetic procedures.
The United States of America and UK are top destination for the treatment. The business is gaining ground in Asia, India and Africa.
To start you need a medical professional license and practical training. Startup is low however recurrent expenditure on supplies high. Here are some ideas on how to launch your Botox business
woman
Tips to Starting Your Botox Business
1. Incorporate
The first step is to incorporate the business. Register the business as a limited liability company then get insurance cover and personal tax identification number.
You need to open a bank account for the business separate from your personal account. Make sure you are able to receive check, cash or direct deposit.
2. Purchase Equipment
The equipment’s are alcohol hand sterilizer, ultra dermal filler syringes and light weight mirror. Other equipment includes absorbent swabs, alcohol pre injection swabs and laptop.
You need insulin needles, cooler bag, pliers of open botulinum toxin vials. More are clinic waste plastic bags, sharp containers, box of gloves, stationery.
  • alcohol hand sterilizer
  • ultra dermal filler syringes
  • light weight mirror
  • absorbent swabs
  • alcohol pre injection swabs
  • laptop
  • insulin needles
  • cooler bag
  • toxin vials
  • clinic waste plastic bags
  • sharp containers
  • box of gloves
  • stationery

3. Supplies
Find a trust worthy contractor to supply the dermal fillers and disposable equipment. The supplier should be certified by the state and federal authorities.
Look for one that offers competitive prices, good logistics loyalty and good supply capacity. They should be result oriented and stock quality tested products.
4. Prepare the Patient Admin
You need to set up your patient admin and provide consultation room. Make sure your clinical records, consent form is ready. Computerize the data including patient appointment and inventory.
5. Education
You need education to start in the Botox business. A doctorate degree is a good stating point.
To establish a beauty or cosmetic business you can gain knowledge by working with a local beautician. You need clinical experience, basic business background and experience.
There are a range of aesthetic courses online such as foundation Botox and dermal fillers course. You get the basic knowledge on how to apply cosmetic injection, fillers and lip enhancement.
Medical professionals perfect for the job include dentist, general practitioners and registered nurses. Others include pharmacist, medical school graduates.
  • a doctorate degree
  • clinical experience
  • basic business background
  • aesthetic courses on foundation Botox and dermal fillers
Medical Professionals
  • dentist
  • general practitioners
  • registered nurses
  • pharmacist
  • medical school graduates
6. Pricing
Offer quality service and moderate prices. Study your competitors pricing system and provide value for money. Avoid offering cheap services and focus more on value.
8. Funding
The amount of money you need depends on the size and scope of your business. Things that add to costs are location, equipment, utility bills and insurance. You can start small and re-capitalize as business grows.
9. Advertise the Botox Business
You need effective marketing to reach prospective clients. Use social media, 3rd party platforms and build a website.
Make sure you optimize post by adding alter text, images and quality content. Focus on the target market, age group and demography.
To drive traffic to your website include signature on social links. Then develop a marketing plan, hire SEO service providers and use social advertisement. You can advertise your salon in newspapers, television or radio. Print flyers, posters, stickers, business cards and banners.

Trash Removal Business: How to Start a Garbage Pick-up Business

There are huge financial gains in the garbage industry. Everyday over a billion of tons of waste is produced worldwide.
Without the assistance of collectors the world is a mess place. The business is very lucrative and requires lots of physical labor.
To start the business you need an operational license and business registration. The job is highly regulated by local and state authorities. There are also health and safety issue guiding the enterprise.
dump truck
How to Start a Garbage Removal Business
Business Plan
The first step is to write a trash removal business plan. The plan should focus on equipment, funding and acquiring a permit.
Other parameters include customer base, staffing, labor, and dumpsite. The company should have a cognitional structure from management to casual labor.
Business Registration
Go to the local authorities that regulate trash collection. You then apply for a permit and stipulate your operation manifest.
You might be required to submit certificate of incorporation and article of association. Register the business as a limited liability company and get health insurance. You need tax identification number (TIN).
  • Get permit from local authorities
  • Show operation manifest
  • Register the business as a limited liability company
  • Get health insurance
  • Tax identification number (TIN).
Office
The waste disposal business should have an operational base. The office location should include a large parking space for your trucks. Furnish the office with tables, chairs, computer and printer.
Staff
Hire a secretary, bin collectors and truck drivers. You need good accounting software to store data and balance the books. Other staffs are a manger, cleaner and sales representatives.
  • Bin collectors
  • Truck drivers
  • Secretary
  • Accountant/bookkeeper
  • Manger
  • Cleaner
  • Sales representatives
Equipment
The major equipment you need is a dump truck. You need safety gloves, boots, goggles and caps. Others are trash bags, shovels and wheel barrows.
Dumpsite
Every trash collection agent has a designated dumpsite. The site is provided either free or at an annul fee. There are also commercial dumpsites operated by private investors.
Revenue Collection
There are two ways trash operators collect revenue. They collect revenue from customers for service rendered at the office. They issue a receipt for each month or yearly fees.
Some collect directly from residential homes. The second way is labor intensive and time consuming
Marketing
The trash collector usually operates within a designated area. They service residents of a particular geographical area on contract bases.
Most trash collectors gather the trash at least once a week. Some provide trash bags for easier handling. The marketing is usually focused on the designated area.


How to Start Herbal Tea Business in Nigeria

Herbal teas are beverage drinks made from herbs and fruits. Other infusions include plant materials and spices. They are different from de-caffeinated teas made from cured leaves.
The tea industry is huge because people are now gravitating towards healthier lifestyle. The first step is to create, register and label the product. You need extensive testing to check for side effects.
Health Risks
Despite claims herbal products have some health risks. Herbal teas are generally safe however some contain alkaloids.
Some common side effects are nausea, dizziness and vomiting. Medical herbs are abortifacients and unsuitable for pregnant women. They are also issues of contaminants in the products.
Herbal Tea
 Herbal Tea Composition
The ingredients in herbal teas are different based on the manufacturer specification. Common ingredients are dried elderberries, ginger, apple and papaya. Others are cardamom, mallow, lemon grass and peppermint.
  • dried elderberries
  • ginger
  • apple
  • papaya
  • cardamom
  • mallow
  • lemon grass
  • peppermint
Types of Herbal Tea
There are different verities of herbal tea. You have Coca tea, burdock, bee balm and cinnamon. More include Chinese knot-weed, Boldo, Fennel, Dill and Ginseng.
  • Coca tea
  • Burdock
  • bee balm
  • cinnamon
  • Chinese knot-weed
  • Boldo
  • Fennel
  • Dill
  • Ginseng
Supplies
You need a steady supply of raw materials. Make sure you use quality herbs and spices. Common sources are organic farmers, supermarkets and grocery stores.
Register the Business
Register the business as a Limited Liability Company. You need liability insurance and tax identification number.
You can patent the products name and include indications on the packaging. Register the product with National Food and Drug Administration (NAFDAC).
Build an Ecommerce Website
You need an ecommerce site to sell your products. The site could target a geographical location or the world.
Select a domain name and host plan to build your website. Add images of the product, description, ingredients and price. Include an office address, email and telephone number.
Funding
The amount of money you need depends on your business plan. The funding goes into supplies, equipment, manufacturing and marketing.
Get funds through target savings or borrow from friends and family. Try bank of industry or any commercial bank
Herbal Medicine Regulation Pertaining to Advertisement
The National Food and Drug Administration is the regulatory agency for herbal products. They have guidelines for cosmetics, household products and herbal medicine.
Herbal tea falls in the jurisdiction of herbal medicine. The herbal medicine should be registered with (NAFDAC). It must be given pre-clearance and approval by the agency.
The advertisement should not proclaim a cure but shall accurately present visual, text and general layout. The artwork contains botanical name, dosage form and place of manufacture.
It should have location address of manufacturer, address of local distributor and date of first introduction to the market. It needs a registration certificate, validity period and information to asses risk or benefits.
The package must not have misleading information, half truths, vague innuendos and false impression. The package shall not contain words to induce the continuous use of the medicine. A penalty for defaulters is N50, 000 for individuals and N100, 000 corporate bodies.
Marketing
The marketing requirement is huge because of serious competition. Place advertisement in newspaper or health/lifestyle magazine. Use flyers, stickers, posters or banners.