Red Flags When Starting Your Nursing Business

When looking to start a nursing business, there are a lot of variables to consider.

What type of business should you start? Is your nursing business idea a new concept? Or, are you looking to receive mentoring from a nurse who has had success at creating their own business?

Most nurses will search the interwebs for nurse-owned businesses, or they may stumble across a nurse business while scrolling a social media app. One easy way to learn about a nursing business is to find someone who has created a business that interests you. 

Finding a fellow nurse who owns their own nursing business is especially easy with the social media reach we have available now. You may even choose to like or follow that nurse. Here is my disclaimer portion of this article … do your research. Do not allow the excitement of finding a nursing business mentor take over common sense! 

Finding someone who has laid the groundwork doing just what you want to do in a nursing business may seem like a shooting star moment, but buyer beware! Not all business mentors are created equally. Research who it is that you may be signing up to receive advice from. Anyone promising an instant 6 or 7 figure income automatically raises a red flag for me. 

Starting any business is hard, and it takes a lot of time, perseverance and money. To promise anyone they will go from 0 to 6 figures in six months is just short-term greed, in my opinion. 

Read up on the nurse mentor. View their Linked In profile. Are they still working for someone else, yet claiming they make a huge income? If so, this is another red flag. If you are doing well on your own and taking that step to mentor or train others to repeat your business model, just how successful is your business model if you are still working for someone else? 

The whole reason to start a business is to work for yourself. Yes, I said what I said. People will promise the world to make a sale. A lot of times they don’t have the business history to back it up. They get a little success perhaps on their own then they feel they can make more money on the backs of others wanting to do the same. They shoot for the moon too soon. They tend to over promise, yet under deliver. I never want to get anyone's hopes up that they will hit a certain amount of income. The income you make depends on you!  

In addition to researching your nurse business mentor, I recommend speaking with their customers. Ask to see some results from the people that they have trained or mentored. If they have a strong nurse business backbone and nothing to hide, this should not be offended at all. If it does offend them … RUN!

Learn more about starting a successful nursing business with the help of The Foot and Nail Institute®.