In This Article:
Finding a Great Drug Testing Business Opportunity
- By: Andrew Easler, Esq.
- Published: Mar, 25 2016
- Updated: Dec, 20 2022
If you are looking for a great drug testing business opportunity, there are several things you can do to make sure you choose the right one. Whether you want to consider opening your own, a franchise, or a lab partnership, with the ever-growing demand for drug testing, your new opportunity could be right around the corner.
Consider Your Goals
Before you jump into finding the right opportunity, you need to consider your own goals and drive. Starting any new business will require quite a bit of your time, but drug testing businesses often require that time during off-hours. You also need to decide if you prefer a smaller business, or you want to create a major one. Additionally, you will have to choose between a set location or one that is mobile so that you can take your services wherever they are needed.
Do Your Research
No matter what your answers to the questions above, the most important thing you have to do is research. No matter which opportunity you want to explore, you will always find unscrupulous people who are trying to pass off scams as legitimate businesses. By doing your research, you will avoid wasting your capital, and ending up in an even worse situation.
When looking for a drug testing business opportunity, you will likely discover quite a few franchise options available. A simple Internet search will reveal hundreds of franchises, but it helps to understand what that is. A drug testing business franchise is essentially an opportunity where you are buying a business that is run by someone else, but that allows you to open up your own location. Often, these opportunities provide you with the initial startup supplies, but you will have to provide them yourself once they run out. If you are looking for a lower startup cost, a franchise can be the perfect way to get your foot in the door of a successful business.
As you look for a good drug testing business opportunity, you will likely come across those that are considered lab partnerships. With these, you are generally responsible for collecting the samples, and then you take them to a laboratory facility for testing. This is another affordable way to get into the business, especially if you prefer the mobile option. This allows you to cut startup costs while still being able to build a business. However, keep in mind that some potential clients might not be as likely to go with a mobile or partnership-based drug testing business as they will one that has its own location.
Of course, you also have the option of opening your own business from the ground up, which can be lucrative if you have the available capital.
The information on this page may have changed since we first published it. We give great legal advice, but this page (and the rest of our site) is for informational use only and is no substitute for actual legal advice. If you’d like to establish an attorney-client relationship, reach out to us and we’ll tell you how we can make it official. Sending us an email or reading this page alone doesn’t mean we represent you.
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