Max Gorin: Savvy entrepreneurs

Savvy entrepreneurs have the skills and vision to make smooth transitions between different businesses. It is common for young investors to spend their money on causes that they truly believe in. Sometimes, the profit motive takes a back seat to integrity and passion. The healthcare industry can be very profitable, but there is also an emotional element when investing in medical suppliers and transport companies. For example, an ambulance company operates to make a real impact in a community. People’s lives are saved thanks to paramedics’ prompt service. Owners of medical transportation companies need to understand the human side of operating a business in the healthcare industry.

Some business people may leave their relatively dull office jobs in the financial world as it is more rewarding to run a business that actually makes an impact on people’s well-being. Entrepreneurs can use their solid foundation in business to run an enterprise such as an ambulance company. All of the logistical aspects of emergency medical transport can be handled by successful investors and a team of managers. At the end of the day, the quality of ambulance service depends on the drivers and emergency medical technicians. Empathy is often useful in the business world. Ambulance company owners might have previous experience working as paramedics or first responders. Such a résumé allows business owners to make the most appropriate decisions in improving emergency medical transportation.

Fleet management is an important component of ambulance company operation. Vehicles have to be updated with modern technology that’s used to provide life-saving service. GPS navigation units must be installed to properly guide ambulance vehicles through busy streets and highways. Modern analytic software might also give real-time traffic updates that could save ambulances precious time. With a GPS tracking installation, ambulances can also stay in contact with dispatchers in an office. A company representative can make sure that the ambulance is driving towards the person who made a request for urgent medical care.

Emergency vehicle logistics also involve reliable communication. Radio technology is used to link ambulances with police and fire departments. Multiple channels at different frequencies are used to transmit and receive signals even during inclement weather. During natural disasters that lead to power outages, ambulances can only rely on radio-based communication rather than wireless cellphone coverage. Owners of ambulance companies must also equip vehicles with backup power sources, such as portable rechargeable batteries and generators. A lot of important equipment needs to have electricity in order to properly function for life-saving procedures.