As the link between quality care and patient advocacy, nurses are healthcare superheros that juggle a million different tasks at a time, all while trying to maintain a healthy work-life balance. While working doubles and putting in overtime is a fast track to burnout, many nurses stretch themselves thin trying to earn extra cash and give themselves and their families a better quality of life.
Statistics show that nearly 60% of Americans believe that nurses are underpaid. So what is a nurse to do when he/she is trying to fill the pay gap without taking on an extra workload?
The answer is simple; side business for nurses!
Every day nurse entrepreneurs just like you are unleashing their potential by creating profitable side businesses. With there are several self-employment ideas for nurses out there, not all side business ideas for nurses make for profitable businesses.
So when it comes to learning how to start a private nursing business, the first thing you need to consider is which side business ideas for nurses are actually going to be worth your time and energy.
Is Your Side Business Idea a Good Idea?
If you are not sure how to tell if a side business for nurses is going to be a good idea or not, then consider these questions to determine if your million dollar idea, is actually a million dollar idea:
- What is the problem that you are trying to solve?
Is there a dire need for your business idea? A successful side business for nurses starts with demand. So if you are looking into self-employment ideas for nurses and you can not decide which idea is going to lead to a profit, go with the idea that has the most urgent and immediate need.
- How well will your side business solve the problem at hand?
So your product/service solves a problem, but how effective is it? You will need to determine if it completely solves the issue at hand, or if it is a quick fix to a larger and more complex issue. When starting a side business for nurses you are going to want to try and fry the bigger fish for optimal success.
- Do you have the skills needed to run this business?
As nurse entrepreneurs we have a vast range of capabilities. However, not all side business ideas for nurses are ideal for everyone. Take some time to assess your capabilities and talents and choose a side business for nurses that fits your skill set. Remember that you can always take courses and classes to develop your skills.
- Do you have the funding to get this business off the ground?
An unfortunate reality is that you will need to have some money to get your business started. When researching how to start a private nursing business you need to factor finances into the equation. If you do not currently have the finances to get started you can always look into loans or even finding a nurse entrepreneur partner that can help alleviate the financial burden of starting a side business for nurses.
- How large is your customer base?
Just because you have figured out what problems your potential service/business is going to solve does not mean that there is a high demand for all side business ideas for nurses. Some simple research on your target clients can help you determine if there is a high demand for what you have to offer.
Top 10 Side Business Ideas for Nurses
If you are struggling to find some fresh ideas for a profitable side business for nurses, then check out this list of the top ten best side business ideas for nurse entrepreneurs!
Amongst the best self-employment ideas for nurses is nurse copywriting. Healthcare journals, nurse entrepreneur influencers, hospitals, and other healthcare related businesses are constantly looking for freelance writers to give them a hand on an as-needed basis.
As a nurse you have the unique experiences required to write accurate and authoritative pieces of healthcare content. If you have a knack for writing, this side hustle is a great choice for you.
- Health Coaching
With the world at your fingertips via smartphone and computer, you do not even need to be in the same room as someone to offer health coaching services. Many people out there are trying to reach certain health goals, but most lack the accountability and knowledge to do so.
Health coaches bridge the gap between goals and wellness by working alongside their clients to reach health objectives. From losing weight, managing illness, creating workout regimes, and more, health coaching is a rewarding side hustle that is ideal for nurse entrepreneurs who love patient care.
Telehealth is a profitable side business for nurses where patients can use online communication to receive evaluations and expert advice from healthcare professionals. With over 50% incline in telehealth demand since 2017, this side business is a sure way to earn extra cash. Who knows, one day your telehealth side business could turn into your main hustle?
- Legal Nurse Consulting
Legal nurse consultants have an important job to do. By providing consulting services to both plaintiffs and defendants, legal nurse consultants provide clients with an accurate depiction of claims and other healthcare related events so they can grasp the full picture and make the best decision moving forward.
From creating timelines, translating complicated medical jargon, acting as and/or locating expert witnesses, and more, legal nurse consulting can be a highly profitable venture for nurse entrepreneurs looking to make more dough.
- Medical Transcription
Medical transcription is best achieved by experienced healthcare workers that can easily identify medical jargon and complicated healthcare related concepts. Depending on the situation, you can make $1,000 or more per month working as a part-time medical transcriptionist.
Do you remember what it was like going through nursing school? Nursing school is no joke! If you are looking to make some extra money on the side and help out an emerging generation of nurses, then tutoring may be the best choice for you.
From helping your students study for NCLEX, reviewing flashcards to improve retention, and preparing for other important certifications, you can help your students excel. The best part about being a nurse tutor? You can set your own rates, which average between $20-$60 per hour.
- Cannabis Consulting
If you are researching how to start a private nursing business then you may be surprised to see cannabis consulting on the list. If you are passionate and knowledgeable about using cannabis as medicine, then there is a whole world of people out there that can use your help.
Through cannabis consulting you can help individuals find the right strains, treatment regime, and products to reach their unique health goals. You may just be surprised how profitable this side business for nurses can be!
- Virtual Assistant
With the increase in individuals working from home during the pandemic, there is an increased need for virtual assistants. If you like helping people and making your own hours, then being a virtual assistant is a great side hustle for you.
- Course Development
Online courses are the future of education. If you develop an online course related to your profession or other area of expertise, then you can potentially have a steady stream of passive income coming in every month, depending on your course’s popularity.
- Concierge Nursing
Last but certainly not least on our list of self-employment ideas for nurses is concierge nursing. Concierge nurses help with a plethora of patient tasks that range from improving patient recovery after surgery, mediation management, transportation to and from appointments, and much much more.
Concierge nursing businesses not only make for a great side business for nurses, but can quickly turn a profit and become a six-figure business. If you are searching for a highly profitable side business that has the potential to grow into a full-time job, then you should look into concierge nursing.
How Can a Nurse Start Her Own Business?
So now that you have some great ideas on creating a profitable side business for nurses, surely you are wondering how to get started.
How can a nurse start her own business?
The first thing you should do is give us a call! At NursePreneurs we are passionate about helping nurse entrepreneurs earn extra income by turning side business ideas for nurses into realities.
Whether you have tried and failed to find profitable self-employment ideas for nurses or you are starting side business number two, we are here to help you get your business off the ground by giving you a blueprint to success.
Not only do we provide you with a range of smart side business ideas for nurses, we show you exactly how to start a private nursing business through coaching and courses from other successful nurse entrepreneurs who have paved the way before you.
Are you ready to earn extra cash and be your own boss? Book a discovery call today and learn more about how to start a private nursing business!