Sample Chapter - cont.                                                           
Deciding to go into Business
   
  Some beginning objectives to consider are:

  • How much will the training cost?

  • Will daycare be needed?

  • Is there sufficient office space?

  • Is there enough cash available to live on until the business produces a satisfactory income?    
   
Once the decision has been made to go forward there are several start up tasks that one must accomplish in order to get up and running. The first is to prepare a plan of how to accomplish each step of establishing and building the business. Once these objectives have been identified, and the decision is finalized to go ahead with the new business, then it is time to put the plan into action.  
   
Factors that must be considered when deciding to start a medical transcribing new home-based business include:

  • The Business Plan                                                        

  • Selecting the legal form of business   

  • Selecting a name for the business      

  • Tax Considerations and Planning  

  • Other record keeping

  • Hiring accountants & attorneys

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Strategies for Establishing and Managing a
Home-Based Medical Transcription Business
by Kristine Showalter
Copyright © 2005, 2006, 2007, 2008, 2009, 2010 KMS enterprises - All Rights Reserved.