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1. Do you know most of the job vacancies information are not put on popular sites/online but are obtained by friends or through official contacts.
2. In order to improve our source so that we can share the information to the needy, we have created a platform where anybody can post the job so that it reaches everyone in need. It’s free of cost and you can see the job vacancies without even signing up, as a guest.
3. Please contact me for access to post the job if you are not an employer but want to post the job. Job vacancies can be from housekeeping to CEO/COO but restricted only to the healthcare industry. 
4. Please click and sign up – https://healthcareudyog.com
5. If you can’t sign up please share the information with me on whatsapp.

In today’s competitive world everybody wants to employ a fresher so that they can train him at a lesser cost and utilize his service for a lesser cost. So, how to earn more?

I know the first thing which comes to your mind is to open a Laboratory of your own right? No that’s not. There are many options for technologists other than opening a lab which can get him to the place where he dreamed of provided, he is willing to acquire new skills.

1. Move up towards administration by taking overall responsibility- As Lab Manager or Operations manager etc.
2. Upgrade your skills- To become a quality Manager or Open your own website and do freelancing on quality documentation
3. Get ready to travel and join- Healthcare product/service companies as an application engineer
4. Get doctorate and start signing the reports- PhD candidates can sign reports in their specific subject as per government of India gazette and NABL (conditions apply).
5. Take up the franchise of a reputed Laboratory if you have enough funds.
6. If you have good teaching skill and knowledge-Take up online/offline teaching
7. Get ready to travel and take up marketing in the healthcare industry for big companies. (MBA is just not required if you have skills)
8. Get ready to travel and take up Sales  in the healthcare industry for big companies. (MBA is just not required if you have skills)
9. Start consultancy with your contacts
10. Venture into the IT field to support AI/automation in healthcare.

There are many types of franchise which are given by reputed laboratories. At present most of the laboratories are giving franchise for collection centers only, except a few which are giving it for processing labs. The cost for a collection centre is less (can range from 2 lakhs to 10 lakhs including all expenses depending on the location) compared to a processing centre (Can range from 20 lakhs to 1 Cr including all expenses depending on the size, location and type of equipment).  

One thing which we need to focus on is the management part- whether it’s managed by the Company or by you (The money is going to be spent by you for both). We are discussing only the collection centre franchise below operated by you.

Advantages

1. Guidance on management. 
2. Support for marketing activity.
3. Support for setting up the processes and registration.
4. Good will of the Company which may help you to get samples/business.
5. Logistic support. 
6. Sharing of revenue based on test category.
7. Technical support on queries and clarifications. 
8. Material support. 
9. Helps you to try if you are not experienced in the field. 
10. Start small and grow big. 

Disadvantages

1. Franchise fee. (For collection centre any franchise fee <1 lakh is acceptable for a reputed company provided their support is genuine. Franchise from reputed labs is available from 35000/- onwards)
2. Sharing of revenue for high end tests can be very less.
3. Rules and regulations on the area of lab/interiors/insistence on type of materials and manpower can be a burden on you.
4. Though they may claim that they would help you in getting samples, it’s actually otherwise- they are dependent on you for the business. 
5. If its company-operated, then you may not have any control on the management of the lab. 
6. Though good will may help but not always. 

1. Choose a business type like Proprietorship/Partnership/LLP/Private Limited Company to start.
2. Do registration of the company chosen (Optional for Proprietorship) with registered location and get Labor license with professional tax registration if you are hiring professionals. The renewal for Labor licence is required as per the dates mentioned in the license.
3. Get an MOU or certificate from Biomedical waste management vendor. The renewal for BMW will be every year.
4. You can start business with BMW arrangement and get Trade license from local municipality Or Corporation. The renewal will be every year.
5. Apply for NOC from Pollution control board and for authorisation for biomedical waste generation. This is a onetime procedure.
6. If you are going to start radiological service, then you need to take license from AERB and PCPNDT for X-ray and Ultrasound procedures respectively which require renewal as per the license.
7. After all these licenses, apply for state private establishment license and this completes the documentation and licenses required to start a lab.

1. Anybody who wants to start lab thinks to start it by purchasing all required equipment and assumes that it will help him in long run.
2. However, nobody thinks about the cost of AMC/CMC of the equipment without which the vendor does not attend to your breakdown/issue calls.
3. The equipment usually does not give any issue within first year and even if it does usually it will be covered by warranty. Any new establishments take at least a year to get samples for their equipment.
4. Most of the people do not take AMC/CMC as the cost of it will be around 10% of the equipment cost itself (Ex: If you have purchased an equipment of 5 lakh then usually cost of CMS will be around 50000/- every year). However, with the improvement in business they usually come across breakdowns and if you have already catered for AMC/CMC it will help you, else you will have to bear the price of repair or replacement of a part which will be around 20-30% of the equipment cost.
5. Most of the people close the lab with these additional expenditures or stop processing parameters in house by not using the purchased equipment.
6. So, it’s always better to get equipment on rent though the running cost is more compared to purchased one as the maintenance of the equipment is done by the vendor free of cost. It’s always better to go for an agreement for commitment/reagent price/AMC or CMC cost for next 2-5 years whenever you purchase or rent an equipment.
7. Smaller labs or new labs will not have any option to get equipment for rent, but it’s always better to start with smaller equipment with lesser cost till your sample load increases to go for rental model.
8. Other reason to go for rental model is that for every 5 years the technology changes and you cannot buy equipment every 5 years. Once it is bought the resale value is very less/nil for many medical equipment. Also, you may not have the facility to run all the parameters on that, the stability of reagents and limitations of the equipment are appreciated only when we start using it and not before.