Business of anesthesia

[Shembree]

Hello! My husband is currently an SRNA and I am a practicing critical care NP. I am in the very early stages of trying to see how to plan our future in terms of business. I am very interested in him developing or being a part of an LLC once he is a CRNA and I am even contemplating going to get my MBA to see if there is anyway we could form a business together in this for anesthesia LLC or other options. Where is the best resources I can find on the options and how to go about this process, or if an MBA would even be needed to form a business? Thanks!! 

[caugoesmoo, RN]

     If you want to start a business, start a business, but PLEASE don't make the mistake of thinking that you only have permission to start a business if you have a business degree. At worst, a general MBA is only going to teach you the basics of accounting, how to do stupid group projects, academic writing and how to do SWOT analyses. People that get MBA degrees at very prestigious institutions (IE Wharton, Pace Uni, Ivy League schools) get them because they are leveraging that institution's network to find exclusive opportunities that will propel them into the upper levels of socioeconomic strata. A basic internet search on the worth of a random MBA degree will more-often-than-not tell you that the degree is bu115h17.

    Use the money (and time) that you would pay for your MBA to start your business instead. You're working for a critical care group, right? Ask your group's director\owner for tips on how to start a business, but please, please reconsider getting the MBA if your only interest is to start a business.

[nurseflip26, CRNA]

Absolutely agree with the comments above.  You do not need an MBA to set up a business, I just recently set up a business (first one) in my state and it took less than 1 hour for the basic stuff.  Find a good CPA, tax attorney, etc to make sure you are structuring your business in the most beneficial manner.  Many states will have basic guidance on the state website

[MierKat]

I’m late replying but I agree that you don’t need an MBA. I have one but you don’t need one to run your business. There’s a great book you should read. Nurse practitioner’s business and legal guide. By Carolyn Buppert. 7th edition. It’s expensive but will be worth it. Or get a used copy of the 5th or 6th edition- it probably didn’t change much. Then read the Complete MBA for Dummies. Research online about laws in your jurisdiction. After you read those you’ll know what services you need to hire. Find a good professional CPA, business lawyer and bookkeeper. Good luck!