Local orthopaedic and mobility aids shop

Older people and their families, people recovering from injury or surgery, and carers. Physios, GPs and podiatrists may also send customers your way.

Retail margin on products sold, plus sales of higher-priced items like walkers and mobility aids. Some shops also offer hire or repeat sales of consumables.

• Patient, caring customer service
• Basic product knowledge and willingness to learn
• Stock buying and shop management

• Check which products count as medical devices and what the TGA requires for what you sell or import
• Public liability and product liability insurance, and workers compensation once you hire
• Don't give medical advice, and refer customers to a health professional when needed
• If you want NDIS-funded customers, check the NDIS provider registration rules
• Stock sitting unsold ties up cash, so start with a small range

Startup costs are typically around $40,000 to $150,000, depending on the shop's size and fit-out, and how much stock you buy. Starting with a small range helps avoid tying up cash in unsold stock.

Monthly revenue is typically around $12,000 to $50,000, depending on your location, range and how many referrals you get from health professionals. Rent, stock and wages come out of that.

Check which products count as medical devices and what the TGA requires for what you sell or import. Also check public liability, product liability and workers compensation insurance, NDIS provider registration if you want NDIS customers, and avoid giving medical advice.