If you are a dreamer and you feel trapped by your bedside job, then we have good news for you – you don’t have to feel trapped anymore. Sometimes the first step to living your best life is giving yourself permission to spread your wings, which is what thousands of Registered Nurses and Nurse Practitioners are doing by creating profitable nursing businesses.
If you are fresh out of self-employment ideas for nurses, then check out this short list of highly profitable nursing businesses:
- IV Hydration
- Concierge Nursing
- Chronic Care Management
- Content Writing
- Med Spa
- Newborn Coaching
- Nursing Staffing Agency
- Legal Nurse Consulting
- Patient Advocacy
- Private Duty Nursing
- Cannabis Consulting
- Health Coaching
- Meal Delivery
While self-employment ideas for nurses are endless, it is not always obvious what steps you need to take when learning how to start a nursing business. No matter which nursing business opportunities you are exploring, you may be surprised to hear that the process of how to start a nursing business is easier than it may seem. In fact, it only takes one week to get your business off the ground.
I am sure that you think we are lying when we say that seven days is enough to kickstart profitable nursing businesses, but seven is really all you need to get your ducks in a row. Sure, you won’t be seeing profits after a week, you likely won’t be seeing profits in the first year, but that is to be expected.
However, seven days is enough time to make realistic steps toward making your entrepreneurial dreams a reality.
So, if you are frantically searching online how to start a private nursing business, self employment ideas for nurses, or how to start a private nursing business in three easy steps, your search is over. Read on for a day-to-day breakdown on how to start a nursing business in just one week.
Day 1: Look Inward
If you are wanting to learn how to start a nursing business, you may be surprised to hear that the first step you need to take is to look inward. Before you act on nursing business opportunities and quit your day job, you need to ask yourself some tough questions and truly consider your needs before jumping in.
Profitable nursing businesses are possible, but they take a tremendous amount of hard work and dedication. If you are following our seven day guide on how to start a private nursing business then take day one to ask yourself some difficult questions, such as:
- Do I have the expertise needed to start this business?
- Will I need to hire other employees down the line?
- Is it the right time in my life to even start a business?
- How much money do I need to launch this idea?
- How will starting a nursing business affect my family and relationships?
- Can I afford for my business to not be profitable right away?
Once you have answered these introspective questions, find a quiet and comfortable space to unwind and meditate on your answers.
If you are the type of person who processes information better by articulating your thoughts, then confide in someone you trust and talk through your answers before moving on to day two. Just remember that not everyone wants to see you succeed, so when sharing your thoughts and answers to these questions you need to pick a trusted and supportive loved one who can listen without judgment.
Day 2: Figure Out Your Finances
Let’s be real, you can not line up your finances in one day. However, you should take day two to carve out some time to figure out your financial situation so you can realistically move forward with peace of mind knowing that your dreams are funded.
Consider your finances and see which self-employment ideas for nurses realistically fit your financial situation. For instance, if you do not have the finances to set up a brick and mortar IV hydration business, then mobile may be the best place to start. No matter what your finances look like, it is important to consider these important factors:
- Bank Accounts– It is always a good idea to open up a separate bank account for your business. By keeping your personal finances separate from your earnings you can stick to your budget more easily. Keep in mind that to open a bank account for your business you will need an EIN.
- Loans– Profitable nursing businesses do not happen overnight, but nursing business opportunities require funding to get off the ground. If you are not in the financial position to fund your dreams, which let’s face it, not many people are, then it may be time to take out a loan. You can start looking into small business loans by doing a little online research or visiting your local bank.
- Investors– Are you looking to take the investor route? If you have connections with potential investors who are excited about nursing business opportunities, then take the leap and set up a time to chat with them! Just remember that investors usually have a say in your business operations, so you need to make sure that you see eye to eye with potential investors.
Day 3: Get Your Legal Ducks in a Row
Do you need permits or special licenses to launch your business? Are you going to run your business through a personal tax return or file separately? Will you need to obtain a legal structure for your business?
The legal aspects of owning and operating a private nursing business are endless. We recommend that before acting on any self-employment ideas for nurses that you understand what is expected of you legally. Chat with a lawyer, consultant, or other trusted professional to learn more about the legal aspects of your business.
Day 4: Draft a Basic Business Plan
Day four is your time to shine! Once you have considered your finances and done your research on the legal aspects of how to start a nursing business, it is time to start drafting a basic business plan. At this point in starting a profitable nursing business you do not need to worry about the specifics, but take time to draft an outline.
Here are some things that you need to ponder before creating a business plan outline:
- Competition– Who is your main competitor? Are there other people in your area already doing what you want to do? Take time to consider what they are doing right and what they could improve on.
- Targets– Who are your ideal clients? Is there a market for the services that you will be offering?
- Services– What services will you be offering? For instance, if you are trying to figure out how to start a concierge nursing business, you need to consider the specifics of your services model. Will you offer transportation? Are you comfortable with medication management? Delve into the specifics of your services.
- Basics– What are your basic technological needs? Do you need to invest in a new computer? Do you need to find an affordable place to run your practice? Will you need to hire more workers in the foreseeable future?
Once you have these aspects of your business defined, you can search online for a template and start drafting your outline.
Day 5: Create Your Brand
Day five is perhaps the most important day in our one-week guide on how to start a nursing business. When self-employment ideas for nurses are coming to fruition there is an immediate need for branding. Branding is so important that you should not even start posting on social media without it!
- Domain Name– Do a little research to find out if your domain name has been taken. If not, then get on it before it is. If it does happen to be taken you can either make an offer on it or find another domain name that is a proper representation of your brand.
- Logo– Your logo says it all. If you have the golden touch then you can design your logo on your own. If you need a helping hand, there are plenty of design companies and freelancers out there that can help.
- Colors– Believe it or not, your brand colors matter. If you are having a difficult time deciding on a color pallet you can pop online for inspiration.
- Brand Promise– What does your brand represent? What is your mission? Each aspect of brand design should reflect your brand promise and stay true to what you are hoping to accomplish with your business.
Day 6: Get On Social Media
Learning how to start a nursing business means getting on social media– there is no way around it! All successful businesses should have a social media presence to not only engage with potential clients but to market businesses and build brand awareness.
No one trusts a restaurant with only 5 follows on Instagram and one Google Review, do they? The same goes for your business. Get a head start by creating a business social media page for at least one, if not all, of these popular platforms:
Pro tip: Start engaging with your audience before your business is launched to build trust and a solid online presence.
Day 7: Call NursePreneurs
Once you have gotten a good grasp on your dreams, it is time to reach out to the professionals for help. At NursePreneurs we turn nursing business opportunities into profitable nursing businesses with carefully crafted mastermind programs.
Whether you are looking for advice on how to start a concierge nursing business, mobile IV hydration practice, legal nurse consulting business, or something specific, we will provide you with all the tools you require to answer the question of how to start a private nursing business.
No matter what your nursing background or business idea, we help you turn your entrepreneurial dreams into a reality by offering you a blueprint for success and all the tools and support needed to create a thriving business. If you want to know how to start a nursing business that is not only profitable, but sustainable, then book a discovery call today!