Nurse Entrepreneur Roll Call!

Posted
by PaleoNurse PaleoNurse Member Nurse

Specializes in Nutritional Therapy, Functional Health. Has 9 years experience.

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JulsGirlBoss

JulsGirlBoss, RN

12 Posts

Hi! I started a home care business in January. It has been pretty slow from the start but it seems to be slightly picking up. I provide non-medical companion and personal care to seniors in California. There are lots of regulations so it have a a little difficult finding my way through Liability Insurance, workers comp, payroll taxes, etc. I have learned a TON, I just hope 2018 is the year I can earn a paycheck! LOL I am paying for the name through my cousin but plan to make my own brand when the contract is done in a couple years. Anyone else doing this?

JulsGirlBoss

JulsGirlBoss, RN

12 Posts

How is your business going? Did it get off the ground? I started one this year and so far it's slow.

Angel_11

Angel_11

3 Posts

Hello JulsGirlBoss ,

I too am in CA and have been looking for ways to become an entrepreneur, specifically in home care. However I am not yet an RN (applying this Fall) just a CNA at the moment. But I was hoping you can share with me the process it takes to open such a business? Resources, cost, California laws, policies, Insurance etc ? I am pretty much planning my long term goals and would appreciate any info you may have :)

JulsGirlBoss

JulsGirlBoss, RN

12 Posts

Hello JulsGirlBoss ,

I too am in CA and have been looking for ways to become an entrepreneur, specifically in home care. However I am not yet an RN (applying this Fall) just a CNA at the moment. But I was hoping you can share with me the process it takes to open such a business? Resources, cost, California laws, policies, Insurance etc ? I am pretty much planning my long term goals and would appreciate any info you may have :)

Hi Angel_11,

Honestly, because this business has not taken off after 18+mos., I have decided to close it in June. It has been way to expensive here in CA for me to continue, having had the same 2 clients for the past 7 mos. and no more. My community just can't support this since it now seems that most of the seniors here in the Central Valley are on gov. assistance and cannot afford care. There is a lot of private care here which costs a lot less. It is very sad as there is no other agency here in town or within 45 min.

The state has raised the licensure fee $500 and I can't afford $5600. Payroll taxes are also awful. Make sure you do your research. Depending on where you are at, it could be a very lucrative business! I have a great scheduling system that was pretty expensive but so worth it. Quickbooks cost money for bookkeeping but makes things very easy. Advertising costs $$ as well (newspaper and Facebook) and to keep some costs down, I went to all the churches, hospital, rehab, hair salons, doctors, PT, chiropractic, social workers, and lawyers in town to distribute a folder of info. I only received 4 clients from all that marketing. Neither are my current clients.

Other factors involved in start up are your phone service(I used an Ooma phone - internet based), website, your Liability Insurance, surety bond, and workers comp ($$$). And hiring costs a fair amount to be considered as well: I spend around $150 per person which includes finger printing, drug screen, TB test, and uniform, not to mention supplies, paperwork, locking file cabinet, etc. The license app itself is about a 20 page app and must include your paid insurance, w.c., LLC, policies/procedures, etc.

I got my biz name from my cousin in MI and am paying her for the use of the name. MI has no regulations at this time so it was tons easier for her to get going. She's got a great business going! But it has been an incredible learning experience and I wouldn't have changed a thing! It was a big risk and I wouldn't have known if it would fly, had I never tried.

So, if you still have questions, feel free to email me :)

Julie

juliesellinrn@gmail.com

LaKeeda

LaKeeda

Has 18 years experience. 5 Posts

Pfiesty, I would love to get some advice about how you started your DME company.

Narukersand

Narukersand

6 Posts

On 11/21/2017 at 4:02 PM, Nurse Elisha said:

I started my own foot care nursing business and my own nurse consulting business. I built these up and sold them after 3 years. What I do now is Nurse Elisha. I help the aspiring nurse entrepreneur start their own businesses. It is great ? I love the nurses I work with. I help them gain clarity and direction and provide actionable steps that get their business up and running.

How is your foot care business going? How did you gain clients? I would love some marketing tips for a foot care business if you have any!

Thank you in advance!

@Narukersand she said she built it up and sold it after 3 years.

NurseLizabeeRN, BSN, MSN, RN

Specializes in Pediatrics, Burn/Trauma, Med-Surg, Nurse Education. Has 11 years experience. 75 Posts

On 4/14/2016 at 5:35 PM, TeaCea said:

I am surprised by the lack of nurses who responded...I wonder if a lot of nurses shy away from business because they are truly not interested or because they don't have the support and/or know how.

I definitely think it's the latter. I've been a nurse for almost 10yrs and am now seeing how opportunistic it is for entrepreneurship in nursing.

Alyssa Kay

Alyssa Kay, BSN, RN

Specializes in Home Care, Palliative Care, Elder Care. 8 Posts

I started a private home care business for seniors in 2010 and have been running it since then. It took me a while to consider myself an "entrepreneur" and I'm Canadian so anything to do with private health care is a bit tricky here....but there is such a need for private care at home. I stuck with it and it's been very successful!

I have such a great team now, that I actually started a new business! Now I run a website on the side that is focused on helping other people start their own private home care business with forms, documents, templates.