Role of Requirements of a Nursing Entrepreneur

Role of Requirements of a Nursing enterpriserNursing EntrepreneurThere be numerous accusati atomic number 53rs and opportunities available in the breast feeding and health shell out field. The health care industry is expected to watch virtuoso of the fastest ontogenesis place through the next 10 years. What better time than now to shout a self make intersection point or idea, especially when registered restrains have definite advantages over the general public when it comes to start a business. This growth rate of healthcare jobs is expected to add a projected 4 million new wage and salary jobs, indicating the optimal time for have got enterprisers to seek the opportunity to create and start their testify business. Nursing enterprisership butt joint vary widely by the type of public life one would indigence to uphold. This do-nothing allow in starting a company or clinic, mugwump contractor, developing checkup devices, computerized systems, a substructure health business, developing sept health products, infection control, case management, telehealth nursing and keister even include known careers such as a Legal view as adviser or family/nurse practitioner. Nursing entrepreneurship is a complex career extract but can yield beneficial results concerning compensation, backcloths, film, and licit implications.Requirements and CompensationThe educational requirements for a nursing entrepreneur are similar to the requirements of a registered nurse. This begins with starting education for an ASN, Associate of Science in Nursing, or a BSN, bach of Science in Nursing. To be an entrepreneur, it would be wise to consider pickings barter classes, or better yet to consider a restate major or even a minor in Business. check to atomic number 27 State University Pueblos requirements for a minor in Business Administration, a total of 21 credit hours are quested to understand the bedrock of accounting, economics, finance, and to understand the basics of managing a business by marketing a product or help. (CSU-P, 2013). With this, to become any type of registered nurse, one would past need to successfully pass the NCLEX-RN exam to obtain a nursing license. To start sullen a nursing career, one can pass water as an RN and begin their profession as a nurse entrepreneur from there.Starting a business requires a a few(prenominal) much than steps after becoming a nurse. To start a business, one must establish a business entity with the Secretary of States posture. This requires filing a document and creating a new record with the Secretary of States office and after, the entrepreneur can register a Trade name or mental reservation a name. Then, one must obtain a Federal Employer assignment Number (FEIN), with the Internal Revenue Service in the occurrence of a corporation, limited liability company, limited partnership, limited liability partnership or even sole proprietor with employees. Then, filing your busines s with the State of carbon monoxide gas online or a CR 0100 form is the next step. This involves applying for sales measure account, wage withholding account, and/or unemployment insurance account at the subdivision of Revenue, Colorado Business Registration.The final step is business licensing and registration, which is not essential for every business, but obtaining a Nurse Licensure compact whitethorn be wise. License tick can be done through NURSYS verification to verify license and to receive detailed report. The National Nurses in Business affiliation offers their members a free business plan template that is customized for nurses and offers limitless help to complete the plan. The typical salary for a nursing entrepreneur can vary bigly derriered on the type of entrepreneurship one plans on acquiring. Typically this can be in an average direct of $129,000 for a registered nurse entrepreneur job in the state of Colorado. (Simply Hired, 2014). It can vary based on the i ndustry, company, location, and experience. Independent nurse contractors set the cost of their services and negotiate their salary for themselves.Job Description and SettingThe career path of a Nursing Entrepreneur has countless possibilities. This involves the capability of promoting oneself, universe able to start a business while also creating and merchandising a product and/or providing a service. Nurses can venture off in many different directions concerning what type of business they involve to establish. To bedeck how vast the career field is for nursing entrepreneurship, lets begin with a few different career choices and their descriptions.Physicians can establish their own medical office and collaborate with other specialty physicians to provide a wider base of care providing to patient needs. Nurses can open and operate a consultancy company providing a service offering clients information, instruction, advice and even opinions based on their needs and what they seek. A healthcare risk management (HCRM) reduces the risk for financial loss and space loss by identifying a clients risk and reducing and eliminating them. A legal nurse adviser, LNC, can be hired by law firms as an independent consultant as well as an in-house staff, they combine entrepreneurship flirt with attorney-clients and define applicable standards of care. A legal nurse consultant reviews and interprets medical records as related to a case, research medical issues, medical diagnosing on with terms and procedures of treatments, medical examinations, prepare discovery and disclosure of documents, reviewing a case for merit, and obtaining authoritative witnesses. These are prime examples of career paths an entrepreneur can follow, although being an entrepreneur is not limited to just these options.The work setting of any entrepreneur can take place at home or where ever the entrepreneur decides to take practice as a self-employed, independent practice including hospitals, cli nics, healthcare facilities, law firms, agencies, insurance companies and establishing business made by the entrepreneur.History and DemandThe role of a nurse entrepreneur dates back to 1854 in England by Florence Nightingale who constituted a widely distributed change in health care. She introduced the first secular nursing training. The biography continues with Mary Grant Seacole and Clara Barton, who were both considered entrepreneurs of their time. Mary Grant Seacole was rejected by the Nightingale School of Nursing and governing military forces. Without help in the 1850s, she unafraid(predicate)ly began a hotel to house wounded soldiers on both sides of the Crimean warfare to recover. Clara Barton founded the American National Red Cross in 1881 and also established the Bureau of Records of Missing Army Men at her own expense. The opportunities of an entrepreneur was quickly changing and expanding through time and during the 1970s nurses began to develop businesses and consu lting services. (NNBA, 2013). The demand for nurse entrepreneurs is growing, like most health care careers, as more nurses step out and begin their own businesses. Entrepreneurs are self-employed and may employ others to work with and for them, creating more jobs for more individuals.Legal ImplicationsAs a nurse entrepreneur, a standard of care needs to be followed along with identifying safety measures and pursuing a standard of policies and procedures. If the career path is in pursuit of developing a product, registering a trade name for the product is well advised. The product also needs to be safe or the entrepreneur can be held liable for use of the product by consumers if the product is deemed unsafe or defective. Warnings about the product also need to be provided. Product liability insurance protects the business from claims of damage caused by a product from the client. A nurse entrepreneur should obtain an errors-and-omission professionally liability insurance. This insura nce protects a company and individuals from claims made by clients for scant(p) work or negligent actions.Nursing TheoryAlberta Benduras self-efficacy theory (SET) lift out reflects entrepreneurism. Self-efficacy is defined by the belief that one has the power to produce an respectable outcome by completing a given task or an activity related to that competency. An entrepreneur is a person who is set to earn a goal to own their own business and self-efficacy relates a persons intuition of their own ability to reach a goal. The three factors that influence self-efficacy are environment, behaviors, and individualised/cognitive factors. The environment reflects where and what type of business the entrepreneur created and what they register to the client. Behaviors from both the client and entrepreneur affect each other in the terms of effective service. A mastery of this theory is by transaction through perseverance and overcoming of obstacles by observing others succeed throug h a sustained effort. An entrepreneur succeeds when the business has successful growth while obtaining a clients satisfaction of service. Motivation, performance, and feelings of frustration associated with repeated failures determine affect and behaviour traffic (Bandura, 1986).ConclusionNursing entrepreneurship is a special career designed for those who want to take charge of the service they provide to the public. Entrepreneurship provides the opportunity to be ones own boss while maintaining the freedom of hours and work setting. Bendura provides an excellent theory for entrepreneurs to base their business on and provides the perspective of success by maintaining self-efficacy through environment, behaviors and personal/cognitive factors. Nursing entrepreneurship is the ideal career for those who are business moil and have a passion for providing a product or service to their expanding customer/client base. A successful nurse entrepreneur demonstrates great leadership and rema rkable creativity skills while also remaining fearless enough to take risks and venture their own path.ReferencesBanduras Self-efficacy Theory. Nursing Theories. AIPPG, 12 Feb. 2012. Web. 27 Mar. 2014. Brief History of Nurse Entrepreneurs. Nurse Entrepreneurship New Rules. National Nurses in Business Association, 23 Oct. 2012. Web. 25 Mar. 2014. .Business Administration. (n.d.). Malik Seeme Hasan School of Business Colorado State University-Pueblo. Retrieved March 26, 2014, from http//hsb.colostate-pueblo.edu/UndergraduatePrograms/MinorsDickinson, J. (2011). The origins and evolution of legal nurse consulting. diary Of Legal Nurse Consulting, 22(2), 3-7.Robson, B. (2009). From emergency nurse to legal nurse consultant and independent practitioner legal nurse consulting? What is that?. NENA Outlook, 32(2), 24-26.Simply Salary. Registered Nurse Entrepreneur Salaries in CO. Simply Hired, n.d. Web. 27 Mar. 2014. .Tag Archives Nurse entrepreneur. Nurse Entrepreneurship New Rules. Nat ional Nurses in Business Association, Inc., n.d. Web. 22 Mar. 2014. .What is an LNC? American Association of Legal Nurse Consultants (AALNC). (n.d.). What is an LNC? American Association of Legal Nurse Consultants (AALNC). Retrieved February 9, 2014, from http//www.aalnc.org/?varlet=whatisanlnc