NURSING ENTREPRENEURSHIP

MAHLOU S. VILLAFLOR
Clinical Instructor
What is a Nurse Entrepreneur?
• Nurse entrepreneurs use their professional
nursing experience and education to start their
own business in the healthcare industry.

• Becoming a nurse entrepreneur requires

creativity, hard work and strong business skills.
 Nurse Entrepreneurs
Nurse entrepreneurs may build their businesses to
develop and distribute medical products or
devices, offer direct patient care or train other
professionals or community members or provide
health care related consultation, among other
functions.
 Nurse Entrepreneurs
Business ideas and opportunities for Nurse
entrepreneurs:
• develop and sell a home health product or
medical device,
• Offering independent nursing services such as:
- patient care
- nursing education
- home health and/or consulting services
 Business ideas and opportunities for
Nurse entrepreneurs:
• Legal Nurse Consultant
- is a consultant that offers expert advise for
legal cases. An attorney might consult
with legal nurse consultant to better
understand the facts of their case.
 Business ideas and opportunities for
Nurse entrepreneurs:
• Nurse Health Coach
- someone who helps people to assess their
health goals and creates a plan to
achieve them
- it needs a holistic look at patient’s health
and focuses not only on the symptoms
but also the broader picture
- consult with doctors or hospitals
 Business ideas and opportunities for
Nurse entrepreneurs:
• Specialized Care Provider
- childbirth training
- fertility consulting
- lactation consulting
- telehealth
- In-home care
- holistic or alternative medicine services
- mindfulness and stress reduction
 Business ideas and opportunities for
Nurse entrepreneurs:
• Wellness Coach
- requires additional training and
certification
- home-based business idea
 Business ideas and opportunities for
Nurse entrepreneurs:
• Nurse Blogger
- you can use your nursing credentials and
knowledge
- you can still work fulltime as a nurse
 Business ideas and opportunities for
Nurse entrepreneurs:
• Freelance writer or editor
- you can utilize your medical knowledge and
expertise to write or consult for other
publications
- medical journals and academics research
- it can be a WFH
 Business ideas and opportunities for
Nurse entrepreneurs:
• Hospice Caregiver
- as baby boomer generation ages, there is an
increase in the demand for nursing
home care,
- requires more skills aside from the nursing
skills,
- they are focus on the wellbeing of the
patient as the wellbeing of family
members,
- not an easy job but it is very rewarding
 Business ideas and opportunities for
Nurse entrepreneurs:
• Childbirth Education or Doula
- someone who provides childbirth education
to pregnant women,
- work on one-on-one with pregnant women
to prepare them for the birthing
process,
- they are on-call and are on-site for the
birth,
- offer classes
 Business ideas and opportunities for
Nurse entrepreneurs:
• Fitness Nurse
- can be done from home or on-the-go
- involves working with clients to create a
personalized health plan which
includes: exercise, nutrition and
lifestyle changes,
- this business is focus on preventing disease
instead of treating it
- to best serve client, additional certificates
will do (nutrition, personal training)
 Business ideas and opportunities for
Nurse entrepreneurs:
• Medical Product Sales
- selling medical products
* selling scrubs,
* accessories,
* medical equipment, or
* medicine
- familiarity with the tools used to treat
patients and medications gives you first
hand experience to help sell products
 Business ideas and opportunities for
Nurse entrepreneurs:
• Telehealth Consulting
- people who are skilled in technology
- allow patients to converse with nurses and
doctors thru phone or video calls
- can set schedule that is flexible for both the
nurse and the patient
- can do home based
 Business ideas and opportunities for
Nurse entrepreneurs:
• Education Specialist or Course Creator
- involves variety different of tasks
- teaching assistant at a nursing school or a
full-time professor/clinical
instructor/nurse educator
- you can work with schools, universities,
childcare centre or LGU to teach health
classes or seminars (CPR certification
– AHA Certified)
 Business ideas and opportunities for
Nurse entrepreneurs:
• Medical Billing and Coding Contractor
- a small business idea
- work with hospitals and doctor’s offices to
translate medical records for billing to
insurance providers and other payers
- independent contractors
- can be part-time or full-time
 Business ideas and opportunities for
Nurse entrepreneurs:
• Career Coach
- for nurses who enjoy mentoring others and
offering job advice
- coaching young professionals to help them
apply for jobs, plan their career paths
- can operate business virtually or at your
own home
 Business ideas and opportunities for
Nurse entrepreneurs:
• Child Care Provider
- can start a daycare center, in-home
caregiver for children with specific
needs
- daycare center may require special licenses
and permits. It is also easier to market
with medical background
 Nurse Entrepreneurs
Qualifications required to become a Nurse
Entrepreneur
• Must be a BSN graduate and a License Nurse
• Have a business skills such as:
- marketing
- accounting
- managerial techniques
• Must have an industry experience to discover
opportunities within its field.
 Nurse Entrepreneurs
Additional qualifications (for personal and
professional growth):
• A Master’s degree in Nursing (MAN) and/or
• A Master of Business Administration
• Basic business skills and knowledge (accounting,
marketing, managing staff)
• Good communication skills for interacting
customers, patients and employees
• Ability to work independently and willingness to
take on personal financial risk