According to a survey by AMN Healthcare, nurses are more likely than ever to pursue entrepreneurial opportunities outside of their primary role. With a unique work schedule usually set around three 12-hour working days and four “off” days per week, nurses are especially equipped to pursue additional avenues for income and experience.
Benefits of pursuing new business opportunities
By taking advantage of new opportunities as a nurse, you can:
1. Supplement your income
In today’s economic landscape where so much is uncertain, multiplying and diversifying your income streams puts you in a more secure financial position.
2. Pursue your personal interests
For many nurses, investing in or starting your own side business is an opportunity to exercise your creativity and pursue a passion project, whether that’s within the professional field or outside of it.
3. Control your time & money
With a side business, you’re in control of your day-to-day operations and your finances. Depending on what you pursue, you can set your hourly rate, ownership stake, the risk taken, and reap the benefits.
4. Impact your community
As a nurse, caring for others is at the core of what you do. Taking advantage of additional opportunities could be a way for you to make a difference in the lives of the people around you in a new way by providing employment, financial backing, or a much-needed product or service.
Business opportunities to consider
Nurses have numerous avenues they can explore. Whether you’re interested in starting your own business or joining another existing one, here are a few ideas to consider:
- Consulting for medical suppliers
- Starting a private nursing service such as home aide, senior care, hospice care, etc.
- Private telehealth nursing
- Childbirth education
- Freelance medical transcription or coding
- Insurance consulting
- Writing a book or nursing student guide
- Investing in real estate
- Starting a real estate business
- Purchasing or starting a business or franchise
- Angel investing or venture capital work
How to get started
No matter what your business goals are, it’s likely that you may need working capital to get started. A business opportunity loan from BHG Financial can help. With fast funding, you can get the money you need at the speed that life requires, so you never miss an opportunity. Also, our loans won’t impact your personal credit and don’t require personal collateral to get started.