6 Nursing Business Ideas for RN and LPN Entrepreneurs
After nursing school, it’s common for registered nurses (RNs) and licensed practical nurses (LPNs) to find work in hospitals, medical centers, or doctor’s offices. However, one crucial aspect that’s often overlooked in healthcare is entrepreneurship. Only 0.5% to 1% of nurses worldwide are business owners.
With many transferrable skills and an incredible work ethic, nurses make for some of the most capable business owners ― and the strongest franchise candidates. As a trained nurse looking for new opportunities within the healthcare industry, explore our list of nursing business ideas that you can start.
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Why Nurses Excel as Franchise Owners
With the right franchisor, RNs and LPNs can shine as entrepreneurs. Here’s why:
- Relevant experience: Nurses have extensive knowledge of healthcare systems, patient care, and medical protocols. They also understand how to implement best practices effectively, making them prime candidates for healthcare franchise opportunities.
- Problem-solving skills: Nurses must be able to think on their feet. Situations can change quickly in hospitals, clinics, and other medical settings. Owning a business can be volatile, and quick decision-making is necessary to maintain operations.
- Communication skills: While providing patient care, nurses must be able to communicate clearly with each other to ensure quality care is maintained during shift changes. These skills translate well into entrepreneurship, as strong communication skills are vital to the success of a business.
- Leadership skills: Experience with leading, mentoring, and supervising nursing teams on the floor is directly transferrable to a franchise business. Beyond personnel, organizational skills such as handling tasks, prioritizing responsibilities, and coordinating with other providers are valuable in managing the day-to-day operations of a business.
Overall, nurses bring a combination of skills and experiences that align well with the demands of franchise ownership, particularly in healthcare-related fields.
Top Nursing Business Ideas for LPN and RN Entrepreneurs
Six leading nurse entrepreneur business ideas include:
- Medical staffing agency: Use (or build) your network within the healthcare industry to help medical facilities find and hire qualified nursing and medical staff. Staffing agencies can help offices fill both temporary and permanent positions.
- Health coaching: Utilize your nursing knowledge and offer personalized coaching and consulting to patients. A growing industry, coaching services help patients embrace holistic approaches to combatting chronic illnesses, which are the leading cause of disability and death in the U.S.
- Medical equipment sales: Leverage your healthcare experience to sell medical devices and equipment such as pharmaceuticals, mobility products, diagnostic tools, and more to hospitals, clinics, and private practices.
- Health and wellness clinics: Consider opening a clinic that focuses on preventative care, wellness, and non-emergency treatments. For example, med spas offer non-surgical cosmetic services performed by highly-trained nurses under the supervision of a licensed physician.
- Telehealth services: Even in a post-pandemic world, telehealth services are still in high demand. As an RN or LPN, you could provide virtual healthcare appointments to home-bound patients or those in remote areas.
- Home care services: With an aging population, demand for home care services in the U.S. will only grow. With franchises like Always Best Care, nurses have the opportunity to help seniors receive high-quality care at home.
Each of these opportunities offers benefits and challenges, allowing LPN and RN entrepreneurs to find a nursing franchise that aligns with their skills and passions. By exploring these options, you can take advantage of your nursing background to build a successful and impactful business, whether through direct patient care or innovative healthcare solutions.
Franchise with Always Best Care
A great opportunity for nurses, Always Best Care has been providing high-quality care since 1996. Our locations offer multiple types of care, including in-home care, skilled home healthcare, special care services, respite care, dementia care services, and senior living referral services. Known as our Continuum of Care, we strive to be trusted partners to all of our seniors and their families ― helping them through each stage of life.
Interested franchise candidates are required to have a net worth of $200,000, in addition to $100,000 in liquid assets ― investment costs to own an Always Best Care franchise start at less than $100,000.*
We have territories available for investment nationwide. Plus, each of our franchisees is assigned their own protected territory. This ensures each of our franchise partners has an equal opportunity to grow their business while also safeguarding their marketing strategies and referral sources.
To learn more about the Always Best Care franchise opportunity, request information today, and one of our representatives will be in touch.
*Please refer to Item 7 of our latest FDD for full cost information
