There are 6 habits that practice owners have, often for the sake of time, that will hurt their practices. It’s widely known that most businesses fail because of poor cash flow. These 6 habits directly contribute to negatively impacting your practices’ financial health. Habit: Failure to verify If your practice accepts insurance coverage, you must Read More
If you’ve been thinking about starting a business, there are three fundamental things to consider before making any decisions. These three considerations apply regardless if you want to start a clinical or non-clinical business. And… they hold true no matter if your new venture is full-time or part-time. Starting a business doesn’t come with any Read More
We talked about revenue and expenses last week. Did you get a chance to look at the numbers for your practice? Was there room for adjusting one or the other, or perhaps both? What would you have to do to increase your revenue, decrease your expenses, or perhaps a combination of the two? If you Read More
A reader recently asked us, how do I choose a niche. I think this is a great question because every business – both clinical and non-clinical – needs a niche. This topic also came up at the recent NP Business Boot Camp (get on the waiting list for the next boot camp here) as well, so let’s Read More
Starting a business is high on the list of goals for many nurses and nurse practitioners. Many of us want to start a clinically related business, and others do not. Regardless of what type of business you want to start, there are specific considerations you’ll want to understand before you move forward. Take a look Read More
While Nurse Practitioners can and do make great business owners, not everyone is cut out to start, own or operate their own healthcare practice. Here are 7 reasons why you may NOT want to start your own practice (at least not right away): 1. You are risk adverse. You need and want a guarantee that Read More
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