If your aim is to start a startup in the healthcare domain after your graduation, you need the right guidance. Here are some useful details from our expert.
India’s GDP has constantly grown in the past three decades by about 7 percent. However, the healthcare sector in the country continues to stay behind. As per the words of the Indian Medical Association, the healthcare spending of the country remain as low as 1.2 per cent of the GDP. This number is very minimal when compared to China’s 5.5 per cent and the United States’ 17 per cent.
At present, our country has just 0.7 doctors for every 1000 patients and there are just 1.1 beds for this number of patients in India. When this is the case of the nation, many youngsters show interest in starting a startup in the healthcare sector. Here are some tips given for them by our career expert Mr Mukesh Maheshwari, so that they can prepare for the startup after their graduation:
Analyse laws and regulations:
Before you begin working towards your startup be it in healthcare sector or any other sector for that matter, it is highly important that you should be aware of the national and local laws. You should understand how to register your startup and what are the formalities involved. Right from starting a Current Account for your startup to registering your startup, there are a lot of things involved and you should gain complete knowledge about them. Only then, you can decide whether you can handle all of them on your own or you need help.
Understand the competition involved:
Remember that before starting a startup, market research is something highly important. You should understand the competition involved and how you can offer a better service or product to stand out in the competition. When there are big giants dealing with the same type of product or service, it is going to be tougher for your startup to approach prospective clients as they are already used to a specific service provider. Our career counsellor, who is also a digital marketing expert can guide you on how to nail the competition with the best marketing strategies. For instance if your business plan is to help students to learn about educational loans provided by banks in India, you should know about the businesses offering the same service.
Think about how to use mobile technology:
With more and more people using their mobile phones for searching for information, you should know how to make the optimum use of this technology to ensure the success of your startup. Right from advertisements to information handouts, you should know how to use this technology to reach out to a larger group of audience. You can think about having an app for your startup even before you establish your business. Once the app gains popularity, it will be easier for your startup to win the hearts of prospective customers through the app that is already successful.
Are you planning to help people find the best Neurology hospitals in Bangalore? Otherwise, are you planning to provide the most useful healthcare tips or the best medical colleges abroad? Regardless of the nature of your business in the healthcare domain, proper planning and implementation are the stepping stones for your success.
