Are you considering launching a home infusion business? Maybe you are, but you are wondering if you have the information you need to get started and succeed. Vital Care began its first home infusion business in the 1980s and has launched dozens of home infusion businesses. We have seen the ups and downs of starting a business. Here’s our advice for getting started.
#1 Begin with the end in mind.
Do you want to work in your home infusion business or would you prefer to work on the business itself? Write down your vision for where you see yourself and your home infusion business in 3, 5 and 10 years.
Don’t want to work on the business? Okay, but make sure you have a plan to hire someone (or people) who will or your business won’t have anyone at the helm. Would you prefer running the business and not worry about the day-to-day tasks? Make sure you have a trusted process for hiring the right employees and know how best to retain them.
#2 It’s not what you know, it’s who you know.
It’s cliche, but that doesn’t make it less true. Knowing the technical part of starting a home infusion business is one thing, but knowing the people that can help you succeed is another. There are vendors and insurance networks, and others in the home infusion industry, that are important to form relationships with as a new home infusion business owner.
We can’t quantify the value of nurturing positive relationships with the other businesses and people in the home infusion industry. Vital Care franchise partners get to enjoy the 30-plus years of hard work building positive relationships. That’s priceless.
#3 Two are better than one.
If you’ve spent any time reading the E-Myth by Michael Gerber, then you know entrepreneurs are bad at hiring help. They get bogged down in the details. They don’t make a plan for how to hire help before we are too busy to even ask for it.
Don’t be like that. Before you even start your business, plan on who you need to hire to help replace yourself (even if it’s not full-time). Things happen in life, and you need to be able to replace yourself in your business if necessary.
This is one reason Vital Care franchise partners enjoy being a Vital Care home infusion business. We offer billing support, financial reporting software and so many things to ease the burden on home infusion business owners. Two is better than one… our staff of 100+ is even better.
#4 Don’t reinvent the wheel.
Ask for advice from other home infusion business owners in other areas. See what systems and processes they have in place to make their business run efficiently. Get to know them and see where they would do things differently if they had to start all over. It takes time to seek out advice but it pays back in dividends of time saved and pitfalls avoided.
Our Vital Care franchise partners have the experience of 30 years of home infusion business behind them. They are part of a network of more than 50 home infusion business owners. That’s a level of support and wisdom you cannot buy. It takes years to build.
#5 You can do this.
The hardest part of starting a home infusion (or any) business, might be just that—starting. Don’t let the fear of the unknown or failure keep you from pursuing your plan of starting a home infusion business.
Ask our Vital Care franchise partners and they’ll tell you they wish they’d started sooner. That’s time you cannot get back.
If you’re still on the fence, keep researching and attend our Vital Starts workshop to get a behind the scenes view from our Vital Care franchise partners. If you can’t make the workshop, then reach out to our Vital Starts team and schedule a call. It may be just the push you need to finally take the leap and start your home infusion business.