Small Business Opportunities for People with Disabilities
Disabled people are given disability benefits based on a medical records analysis and other procedures. Disabled people can also launch their own business.
Medical Record Review
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Any kind of disability can have a deep impact on your day-to-day functioning, making life quite difficult. The U.S. government provides disability benefits to Americans who cannot work due to a disabling condition. The extent of disability is determined through a comprehensive medical records analysis and other procedures. However, one may not be able to meet all expenses with the federal benefits alone. Therefore, many disabled people plan to work at jobs they may be able to do. The United States Census Bureau says that around 15% of people with disabilities have started their own businesses, and that number is increasing. These businesses are being launched from home, franchises, and niche start-ups. The Social Security Administration’s Ticket to Work program is designed to help people with disabilities live self-sufficient lives, and it provides assistance to people with disabilities who want to start their own businesses. In addition, the SBA (Small Business Administration) has an online resource library providing information on financial programs and guidelines for entrepreneurs with disabilities. Individual states also may offer incentives for entrepreneurs with disabilities – therefore, it is important to check with your state’s Department of Labor or Commerce before launching your business. Many resources and organizations are also there to assist veterans with disabilities who are planning to become business owners. Self employment brings many benefits, foremost of which is a flexible work schedule. You also get the satisfaction that comes from carrying out your own business plan. A home-based business is immensely beneficial because people with disabilities can avoid traveling to another location. ODEP (Office of Disability Employment Policy) offers many resources that provide answers to questions you may have about self employment and whether it is right for you. JAN (Job Accommodation Network) is one such resource that provides information on a case by case basis about self-employment and small business development. They also provide guidance on planning a business, marketing research, disability-specific programs, home-based business options and small business initiatives specifically for disabled veterans. JAN has guides on small business ownership and self employment customized for each state and its available resources. If you are eligible for vocational rehabilitation (VR) services, contact www.mosmedicalrecordreview.com
918-221-7791
your local VR office for more details on becoming self employed. What
are
the
business
opportunities
available
to
people
with
disabilities? Start-ups are a great option for people with disabilities that could help them transition to a better quality of life as business owners, and improve their communities alongside. People planning to launch a start-up should look for something that is missing in your locality or on a global level, and then filling that gap. You could also become a franchisee of an already established company and turn it into a profitable business of your own. ďƒ˜ When launching any business, the most important factor is the business plan. The business plan should contain accurate information about the potential business, such as the objective, cost involved, demographics, marketing plans and risks. Only if you have a credible business plan, you can receive assistance from lenders and organizations providing financial resources for entrepreneurs. Moreover, you can take the business forward only with a proper plan. It is best to obtain guidance on creating the business plan from experienced business personnel. ďƒ˜ Once you have launched a business, you need to market it. This is important from the point of view of popularizing your business and making valuable contacts. Various networking associations can help with this. Alternately, you can partner with other people with disabilities and combine your resources. Marketing plans can be created to advertise the business and give people the opportunity to spread the word about your business. Since marketing is the basis of any business, and should be done properly. ďƒ˜ Other great ways to promote your business, reach out to potential customers, and grow are to hold events, start initiatives and via sponsorship. Organizations that assist disabled individuals often conduct seminars highlighting the benefits of outreach. These help business owners understand how to properly position themselves for success. These programs also help to close the gap between marketer and consumer and improve communication.
www.mosmedicalrecordreview.com
918-221-7791
ďƒ˜ Any business launch involves capital costs. Generous low-interest loans, government grants, mentorship and coaching are available for prospective disabled entrepreneurs. If you are planning to be a franchisee, consider the location. You may be able to choose a business that you can run from a standalone location. In this case, you may require financial support from the franchisor, or other forms of financing to build the establishment that fits the specifications of the parent company. You can also choose to work from home, which is a great way to reduce start-up costs. As providers of medical record review services to disability attorneys, we understand that federal disability benefits contribute to a sizeable part of a disabled person’s income. However, returning to work is a very important consideration not only from a financial standpoint, but also from the viewpoint of your own satisfaction that comes from knowing that you are making a contribution to society. People with disabilities should choose to start businesses that are in keeping with their interests and strengths. Disability.gov is a government website that has a variety of articles and other resources for entrepreneurs with disabilities. You will be assisted in planning every stage of the process of starting your business – right from formulating a business plan to designing a business website to finding a business mentor. SCORE is another resource to look into, whether you are disabled or not. It connects small business owners with mentors who can help them build their businesses. Programs provided include local events, workshops, live webinars and online mentoring classes.
www.mosmedicalrecordreview.com
918-221-7791