Subject: NNBA Nurse Entrepreneurs ~ Business Planning, Action Steps Most Profitable Businesses ~ Photo Contest Winners

President's Corner

September 1, 2024

Welcome, Nurse Entrepreneurs, to the September 1st Issue!


As we step into September, a month often associated with fresh starts and new opportunities, we invite you to embrace this season of renewal. Whether you're taking the first steps in your entrepreneurial journey, or looking to scale your existing business, this is the perfect time to set new goals and take bold actions.


In this newsletter, we’re diving into the essentials of business planning, offering resources to help you expand your knowledge, and sharing stories of fellow nurse entrepreneurs who are making a difference. Let’s get back to business and make this season one of growth and success.

Featured Article Highlights

It was my pleasure to contribute to our first featured article below, A Guide to Entrepreneurship. It’s important to note that nursing entrepreneurship far predates the Internet age. One study published in 2022 looked at all of the existing research on the field and noted that the earliest papers on the subject were published in the 1970s. The National Nurses in Business Association was founded in the 1980s as the first nursing organization to provide support for business minded nurses and a forum for nurse entrepreneurs to connect and share information. Yet, there has never been a business ownership boom for nurses like today.


The best way to name your business is by considering your vision, mission and target audience. The right name can assist you to assign value if you ever decide to sell or franchise your business. 13 Tips to Naming Your Business is our second featured article below. Also, inside the NNBA member’s Business Training Center, you will find in Module 2, Lesson 2.1 the Do's and Don’ts of naming your business!


Here's a little different perspective on business that is written for everyone. In 23 Most Profitable Businesses for 2024, you will note how several of these businesses are well aligned to nurses! It’s an interesting read that may spark an idea you haven’t considered before.

NNBA 2024 Photo Contest Winners

Group Fun Times photo contest winner is Helen Ramirez, BSN

Inspiration photo contest winner is Lisa Robertson, RN, BSN, CCM

The Entrepreneurial Spirit Award goes to Jerlenny Perez, BSN, RN, TNCC for her video. Click on the picture below and if you are unable to view this video, connect with Jerlenny out on LinkedIn where she has this video posted.


Job Board

Opportunity for retired nurse looking for some extra income, part time to set appointments for Nurse Entrepreneur Business Owner. If interested, reply to me in this newsletter and I will provide you with the contact information!

Quotes for Nurse Entrepreneurs

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” – Buckminster Fuller

Nurses Business Training Center: Business Planning Resources

Inside the Nurses Business Training Center Toolkit are 3 business plans each with fill-in worksheets. There is the Mini-Business Plan, the Lean Business Plan (my favorite) and the Traditional Business Plan. Writing a business plan is the best way to learn the essentials of business. Business plans can be written before you start a business, during startup, or after a business is operational. Writing a business plan will speed up the process and help you avoid costly mistakes.

Nurse Entrepreneur’s Exchange: Spotlight

Stella Nsong has built several home and community based businesses and has first-hand knowledge on what it takes to build great companies. CNN, Fox New and CNBC featured her as the elder care cliff expert. Today she facilitates the 100 Nurse Millionaires challenge where she is collaborating with fellow nurse entrepreneurs to solve the caregiving crisis in corporate America.

Ask the Expert: Your Nurse Entrepreneur Questions

Wondering what your next step is? Have questions about your entrepreneurial journey? Send your questions in and our panel of experts will provide insightful answers in upcoming newsletters. Email your questions to answers@nursesbusiness.com.

Stay Connected

Follow us on social media for updates, networking opportunities and the latest by being subscribed to:

We're excited to embark on this journey with you and support your entrepreneurial endeavors. Together, let's empower nurses to lead, innovate, and transform healthcare.

Unconventionally yours,

 

Michelle

© Michelle Podlesni 2024 All Rights Reserved. This newsletter may not be

reproduced in any form, whole or in part without the author's permission.

Are you a member of the NNBA Nurses in Business Community? If you want to create additional streams of income,

have increased marketability and a competitive advantage in the business of healthcare you can click here to JOIN: https://nursesbusiness.com/product/nurse-membership/

Featured Articles

A Guide to Nurse Entrepreneurship


Meg Lambrych, RN, NursingColleges.com

“I believe nurses need a paradigm shift to understand that from the moment we receive our nursing license, we are business owners, and we choose where and how we provide our nursing services.”


Michelle DeLizio Podlesni, President of the National Nurses in Business Association


Nursing is one of the most flexible careers in the world, as there are endless ways to use that license and create a sustainable living. From options in clinical care to cruise ships, corporate occupational health roles, and so much more, there are many ways to reinvent your nursing career.


However, one role nurses have historically not pursued as much is business ownership, which appears to be changing. Since the height of the pandemic, the number of nurse entrepreneurs has increased significantly, and the trend shows no sign of slowing.


This is largely thanks to the rise of social media platforms like Instagram and TikTok, which have made finding creative and lucrative business ideas easier than ever, but that’s not the whole story.


It’s important to note that nursing entrepreneurship far predates the Internet age. One study published in 2022 looked at all of the existing research on the field and noted that the earliest papers on the subject were published in the 1970s. Organizations like the National Nurses in Business Association were founded in the 1980s to provide networking opportunities and support for nurse founders. Yet, there has never been a business ownership boom for nurses like today.

Read More

13 Tips to Naming Your Business


Forbes

Finding the right name for your startup can have a significant impact on your success. The wrong name can do worse than fail to connect with customers, it can actually result in insurmountable business and legal hurdles. In contrast, a clear, powerful name for your startup business can be extremely helpful in your marketing and branding efforts.


Here are 13 helpful suggestions on how to come up with a winning name for your business:


1. Avoid hard-to-spell names

You don’t want potential customers getting confused about how to find your business online. (I never understood why “Flickr” was pushed as the name for the photo-sharing site.) You want to avoid having to continually correct the misspelled version of your name. Keep it simple. Customers are more likely to remember simple names that are easy to spell and easy to pronounce.


2. Don’t pick a name that could be limiting as your business grows

Picking too narrow of a name may cause you problems down the road. Imagine if Jeff Bezos had picked the name “OnlineBooks” instead of “AmazonAmazon 0.0%.” So avoid names like “Wedding Dresses of San Francisco” or “Lug Nuts Unlimited.” You don’t want to limit your business to a particular product or a specific city.


3. Conduct a thorough Internet search

Once you have determined a name you like, do a web search on the name. More often than not, you will find that someone else is already using that business name. While that won’t be a total showstopper, it should give you pause.

Read More

23 Most Profitable Businesses for 2024


Nerd Wallet

Some people venture into entrepreneurship with a clear vision: They know what industry they want to conquer and the path they’re going to take to get there. However, for many new entrepreneurs, it can be difficult to figure out how to start a business — plus, determine exactly what type of business is the best choice to invest in.


To help you launch your journey, we’ve compiled a list of the most profitable businesses, considering factors such as industry growth and competitiveness, startup costs and barriers to entry, as well as profitability potential.


Most profitable small businesses


With a solid business plan, hard work and determination, any strong business idea may become successful and profitable.

Businesses in high-growth industries with lower startup costs, however, may have greater profitability potential. With the rise of technology, for instance, you’ll probably have more success starting a virtual assistant business than opening a grocery store.


Although some of the most profitable businesses are based online, others involve in-person services, and some are a great fit if you're an entrepreneur on the go. Here’s our list of the most profitable small businesses:

Read More

Nurse entrepreneurs and business owners! Visit their websites to learn about their business and take advantage of their latest offerings!


The NNBA is the #1 trusted resource of helping nurses succeed in business. We have been in the business of educating and empowering nurses through entrepreneurial models for the past 39 years. Over the years, we've had thousands of testimonies on the transformative quality of being a member and attending our annual educational conference on nurse entrepreneurship. Nurses make great business owners!

Share all the information in this newsletter with other Nurses! Participate in delivering the message that nurses make great business owners, leaders and mentors! Click on the buttons below and thank you!

NNBA News - Volume 24; Number 9.0

Michelle DeLizio Podlesni - Editorial Director - mdp@nursesbusiness.com

Lou Podlesni - Digital Editions Director - support@nursesbusiness.com