In 2014, I founded Firstmed USA, a medical devices company specializing in diagnostic imaging equipment, including CT scanners, MRI systems, Cathlabs, and Mammography units—industries known for their high capital requirements. My focus was on reselling used and refurbished imaging equipment, with costs ranging from $75K to $135K. I became a global reseller. I started with little capital, my IRA.
Somewhere down the line, finances started getting of control. I ended up closing the company in 2016. It was a costly venture.
I restarted in 2024 with the help of a partner which reduced my risk. Going very good now.
What I learned is,
- Guage the risk before starting a company.
- Count money.
I restarted in 2024 with a partner. Divided the risk. Doing great now.
