Subject: NNBA Nurse Entrepreneurs ~ Call for Speakers NNBA 2024 ~ Conference Photo Gallery ~ NNBA Shark Tank Competition

President's Corner

October 1, 2023

Dear Nurses,


A question that I am often asked is "What does it take for me to be a successful business owner?" The answer is the same for nurses as it is for anyone desiring a successful business. It comes down to doing 3 key things:

1) Find and produce a product or service people want. You will confirm people want your product by conducting market analysis and feasibility tests. For example you could use focus groups or beta testing. This will ensure your product, service, or program is something people want. In other words, don’t be a solution in search of a problem. 2) Market and sell the product or service. This will require mastering your message and using the right methods and media to sell enough of your product. 3) Manage, administer, and account for your income and expenses. You must know your numbers to effectively manage your income and expenditures. Don’t prioritize what is exciting over what is profitable. All business skills are learnable; you can learn everything you need to know to build a successful business.


The Nurses Business Training Center includes the information above and so much more in modules, lessons, toolkits, and plenty of marketing and networking options. If you are nurse entrepreneur or one in the making, take advantage of all these benefits here: https://nursesbusiness.com/product/nurse-membership/ . You can hear from nurse entrepreneurs on how they became nurses in business by checking out the Nurse Entrepreneur Vlogs under the our Blog. Nurses make great business owners!


Announcements:

See nurses being inspired by an amazing line up of nurse entrepreneurs and business experts on and off the stage and how nurses made meaningful connections and collaborations through networking with NNBA’s diverse community of business -minded nurses. NNBA’s 2023 Conference Picture Gallery – Nurses Rocking Business in Las Vegas is here: https://nursesbusiness.com/conferences/2023-las-vegas-nevada/


We have started to receive speaker proposals through our Call for Speakers for #NNBA2024 . There is a tight timeframe so please keep in mind the deadline for entering your speaker’s proposal is November 1st! All the details are within the application, and we look forward to hearing from our NNBA members!


Exhibitor, Sponsor and Advertising Opportunities for NNBA 2024 Conference includes:

Brand exposure, lead generation, face to face networking and relationship building. Choose the package/s that give you what you are looking for. *Artwork is due no later than April 1st.



NNBA’s Shark Tank Competition is back!


NNBA’s Annual Shark Tank Competition is back on stage, July 27th at the Embassy Suites Lake Buena Vista South Hotel. Read about this fun and informative event here:

https://nursesbusiness.com/nnba-2024-shark-tank-competition/. Send in your entry by May 1st! This is always an audience favorite, and a great opportunity to make your pitch that could result in a cash prizes and awards.



Out with the old and in with the new, the NNBA is ringing in a new telephone number: 725-225-8735. Please note this new number is replacing 877-353-8888.

Articles of Interest:


Our first article of interest is 6 Entrepreneurship Myths That Need Busted where we will attempt to debunk myths about entrepreneurship and give some tips on how you can work at designing your success.


E-commerce has been around since the early 1990s when Amazon just sold books. Today, it’s a multibillion-dollar industry. According to Statista, the U.S. e-commerce industry is expected to eclipse $1 trillion in value in 2024, making it a major economic staple for the national economy. The article What is E-Commerce is everything you need to know about selling online.


The final article What is a Profit & Loss Statement defines and provides examples of a P&L statement and how it works. Running a successful business is understanding your numbers and being comfortable with financial statements.


It's exciting to see nurses bringing much needed innovation to services, products, and programs in healthcare. Mission driven, we encourage, educate, and empower each other in business through service and connection. Be sure you are connected by our Newsletter: Free Newsletter Signup  and Facebook and LinkedIn:

https://www.facebook.com/nnbanow The National Nurses in Business Association

https://www.linkedin.com/in/michelledeliziopodlesni/ and LinkedIn group at NNBA-Nurses in Business.

Unconventionally yours,

 

Michelle

© Michelle Podlesni 2023 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/

Articles of Interest

6 Entrepreneurship Myths That Need To Be Busted

 

addicted2success

What is E-Commerce


Business News Daily

What is a Profit and Loss Statement

 

The Balance Money

How often have you considered entrepreneurship as a career and then dumped it?


How often have you slid off saying NOT FOR ME in a discussion on entrepreneurship?


Many of us, despite a secret desire to pursue this line of career, either sit on the fence or shy away because of the ’n’ number of myths and half-told stories of raging success or dismal failure, more of the latter than the former — that nips the dream in the bud.


Today we will attempt to debunk myths about entrepreneurship and give some tips on how you can work at designing your success.


Let’s start with addressing the top myths:


Myth 1-Entrepreneurship is Only for the Wealthy.


Entrepreneurship transcends wealth, fueled by creativity, innovation, and determination. Success doesn’t solely depend on financial resources; great ideas, market understanding, resilience, and relentless pursuit play pivotal roles.

E-commerce is the process of selling goods and services online. Customers come to the website or online marketplace and purchase products using electronic payments. Upon receiving the money, the merchant ships the goods or provides the service.


E-commerce has been around since the early 1990s when Amazon just sold books. Today, it’s a multibillion-dollar industry. According to Statista, the U.S. e-commerce industry is expected to eclipse $1 trillion in value in 2024, making it a major economic staple for the national economy.


How does e-commerce work?


E-commerce works on the same principles as a physical store. Customers come into your e-commerce store, browse products and make a purchase. The big difference is they don’t have to get off their couch to do so, and your customer base isn’t limited to a specific geographic area or region.


Whether you’re selling running shoes or home supplies, you go through the same process when operating an e-commerce website:


1)Accept the order. The customer places an order on your website or e-commerce platform.

A P&L statement, also known as an “income statement,” is a financial statement that details income and expenses over a specific period. This report helps you understand what’s behind a company’s profitability by categorizing revenues and expenses. For example, you can see if a business spends more than it earns on production, and you can view operating profits separately from financing costs and taxes.


As you move through income and expenses step by step, the story behind profitability (or losses) unfolds. The income statement starts with revenue and moves on to expenses that eventually result in the organization’s profit or loss.


Note: Some P&L statements include a company’s earnings per share (EPS).


If any parts or materials are required, those costs typically go under cost of goods sold (COGS). The result is gross profit. Next, the statement subtracts any expenses necessary to run the business, such as payroll, utilities, maintenance costs, and other expenses. The result is operating profit. At this stage, you can tell how effective the company is at providing goods or services at a profit.

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 38 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 23; Number 10.0

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

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

Hart Healthcare Solutions, LLC, PO Box 272, Winchester, TN 37398, United States of America

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