Are you curious about how a LNC Professional can become a successful entrepreneur?
You’re a nurse. You may have one or more specialties and degrees. You have a lot of experience and expertise. I’m guessing that at this point in your life, the career of clinical nursing has stopped fulfilling you.
Other nurses you know have started their own businesses, as legal nurse consultants, expert witnesses, and other careers. They’re having varying degrees of success. When you hear their stories, you get the urge to have a business.
Often, would-be solopreneurs make one of two mistakes when they contemplate their own businesses.
- The first is to assume that they could never succeed because they have no business experience or skills.
- The second is to assume that because they’re skilled professionals they will be great business successes.
The truth probably lies somewhere in between.
What You Bring to Your New LNC Business
- Clinical experience, which should include knowledge of correct procedures and protocols
- An eye for detail
- Sometimes supervisory experience
- The ability to organize complex tasks and procedures
- The ability to multitask
This is a partial list.
If you think you have no business skill, take heart. Each of the skills above help to form a foundation for beginning an LNC business. Your having them gives you a much better chance than others who want to start different kinds of businesses.
What You Don’t Bring
- Budgeting experience
- Marketing experience
- Advertising experience
- Networking experience
This, again, is a partial list.
You will have to learn these thing. With a positive attitude, persistence, commitment, and the willingness to be mentored, you can learn them. If you begin to learn them before you start your business, you will have a major advantage.
I will emphasize the word, “commitment.” This means being willing to understand the basics of bookkeeping and accounting. For example, you must be able to invoice attorneys and keep track of money you are owed.
You don’t have to be eager. You only need recognize the necessity of understanding. Even when you reach the point where you can hire people to do these things, you will still need to check the books.
Invoicing was the first thing I outsourced in my business.
This reality points to a larger truth. People who wants to leave their salaried jobs because of all the things they don’t like about them must realize that running one’s own business doesn’t eliminate tasks that may not always thrill them. The difference is that you’re doing it for yourself.
Network, Network, Network
I didn’t mention in either of the lists above an invaluable skill. That’s the ability to network. More generally, it’s the ability to talk with people: whether they’re suppliers, clients, employees, or people who work freelance for you.
As a nurse, you have a lot of experience talking with people, and this will help you. However, the conversations you’re going to have now have a particular orientation: their relationship to your business.
As distinct from working as a nurse and doing things for other people, you will often have to ask for favors and assistance. (And you should be prepared to give this, too.) You may have to assert yourself in different ways than you did in the past.
You will frequently have to remind yourself, “This is my business. I am in charge. What happens depends on me.”
Think about those statements a lot. They may terrify you. They may exhilarate you. More likely, you will feel both emotions. However, exhilaration should outweigh terror.
That’s how you know you have a chance at success.
You may enjoy reading My 12 Tips for Building a Successful LNC Business.
Right now I am working on a book focused exclusively on networking for legal nurse consultants. If you’d like me to let you know when it is ready, please send me an email to patiyer at legalnursebusiness dot com (I spelled it out but you know how to punctuate this). Just put in the subject line “Networking Book” and I’ll tell you when it is ready.
I love helping LNCs build their businesses! Let me help you go from nurse professional to LNC entrepreneur.
Set up a time to talk with me about how to grow your LNC business. Click on this link to request a call: http://LNC.tips/gethelp – we’ll see if coaching is the solution you need to move forward in 2020. If not now, when?
Pat Iyer is president of The Pat Iyer Group, which develops resources to assist LNCs obtain more clients, make more money and achieve their business goals and dreams.
Pat’s related websites include the LNC business coaching services she offers through LNCAcademy.com, the continuing education provided on LNCEU.com, the podcasts broadcast at podcast.legalnursebusiness.com, and writing tips supplied at patiyer.com.
Get all of Pat’s content in one place by downloading the mobile app, Biz Edu at www.legalnursebusiness.com/bizedu. Watch videos, listen to podcasts, read blogs, watch online courses and training and more.