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Dear Friend,
These traps/mistakes are common to
many entrepreneurs:
1. Getting Wedded To an Idea
And Sticking With It Too Long.
Don't marry a single idea. Remember, ideas are the currency of entrepreneurs. Play with many ideas and see which ones bring money and success.
2. No Marketing Plan.
A marketing plan creates the kind of attention you need to get in front of the right types of people, companies, etc. It is what attracts people to you! There may be as many as 25 ways to market your business at no or low cost. A good marketing plan implemented effectively, efficiently, elegantly and consistently, will eliminate the need for "cold calls!" (See below for how to create a results driven marketing plan).
3. Not Knowing Your Customers.
Changes in your customers' preferences and your competitors' products and services can leave you in the dust unless you get to know your customers well, what they want now and will likely want in the future, what their buying patterns are, and how you can be a resource for them even if you don't have the right products or services for them now! (See below for low cost techniques to gather facts about your customers and the people you'd like to have for customers).
4. Ignoring Your Cash
Position.
The world (aka customers) doesn't respond to even superior products in the timeframe that you think they should. You'll need plenty of cash to sustain yourself in the meantime. (See below for how to forecast your cash needs and protect yourself from cash crisis situations).
5. Ignoring Employees.
Motivating, coaching and managing your staff is probably one of your toughest challenges as an entrepreneur/business owner today! Without your patience, persistence and "people skills," your problems can multiply quickly. Morale, productivity AND PROFITS can easily be destroyed! (See below for how to get your employees' full commitment to job performance).
6. Confusing Likelihood With
Reality.
The successful entrepreneur lives in a world of likelihood but spends money in the world of reality.
7. No Sales Plan.
Without a sales plan, there's no serious way to gage the financial growth and progress of your business. You need a realistic map for where the sales will come from, how they'll come and from whom.
8. Being a Lone Ranger.
You might be the key to everything BUT you cannot DO everything and grow at the same time. Even modest success can overwhelm you unless you hire the right staff and delegate responsibility. (See below for effective delegation techniques)
9. No Mastermind.
Get an advisory board or a mentor! Sounds crazy for a small operation? It's not! The board can be family members that you trust, or friends. Ask them to be your board of directors and review your business plans and results with them. Having someone to bounce ideas off and get an objective opinion is critical.
10. Giving Up.
Some of the most successful entrepreneurs failed several times before doing extremely well. So, if you're failing, fail. And fail fast. And learn. And try again, with this new wisdom. Do NOT give up. Yet, do not suffer, either.
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Nursingentrepreneurs.com is a networking and resource directory for Nurse-Owned businesses and nurses looking for an alternative to working at the bedside.
If you explore the site a bit, you'll find profiles of hundreds of nurse entrepreneurs around the country. We encourage you to browse around, find a business category you are interested in, then contact the nurse directly. We're available for questions as well. This website is Owned-Operated by Andrew Lopez, RN a Medical/Surgical/Telemetry nurse.
Has your Nurse-owned business been written up in the news? Do you send out a newsletter or regular press releases? We'd like to hear about it!
Our Newest article is from an Arizona Nurse Entrepreneur:
Should You Incorporate Your Registry Business? By Joseph Caracci, RN:"The short answer is yes! When starting a new nurse registry business, you are entering into a legal business environment that requires you to take steps to protect your personal assets, such as your home, your savings, and your retirement. With this in mind, you need to determine which legal form you are going to take for your new registry. Some of the common choices are a sole proprietorship, a partnership, a limited liability partnership (LLP), a limited liability company (LLC), and a corporation."
http://www.nursingentrepreneurs.com/incorporate
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The #1 question, we've been receiving lately is about Starting A Nursing Agency, resource sites & manuals
Please choose from the following:
- 1. Register for the directory (Includes website, business cards, etc).
- 20 low-cost homebased businesses, Smallbizbooks.com:
- 25 businesses you can start and run from home.:'Here are a variety of businesses that you can start and operate from the comfort of your home."
- Advertising Resources: Advertising Networks and Merchants that support the Nursefriendly and keep us a free website to visitors. Look here for income sources for your own site.
- Affiliate Programs: Make Money From Any Type of Website! Here we link you with advertisers ready to pay you for hosting their links. If you're not sure which type of program would work best on your site, we'll review it and make some suggestions.
- Are You Making Any of These 10 Deadly Small Biz Mistakes?
- Associations For Entrepreneurs, Small Businesses, Business Basics
- Career Alternatives For Nurses:
- Discusss Nurse Entrepreneur Opportunities, Issues and Concerns
- Franchise Opportunities: Allow you to purchase a business with an established name, product or service building on a reputation they have already established.
- Health Insurance: Medical, Dental, Prescription, Vision Coverage, Employed & Self-Employed
- How To Earn Money With Any Kind of Website
- Nurses In Business, Articles About Nurse-Owned Businesses:
- Our Newest Nurse-Owned Businesses (look here for your listing after you register).: We research and receive new nurse entrepreneur directory listings daily (they are free for nurses). These are the newest.
- Review Nursing Entrepreneurs by State:
- Review Nursing Entrepreneurs by Category:
- Starting A Nursing Agency, How To Start
- Traits & Qualities That Make Nurses Excellent Entrepreneurs
- Turn Your Knowledge & Experience Into Revenue!
- What Exactly Is A Nurse Entrepreneur
- What Made You Decide To Start Your Own Business?
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Please note, Listings in this directory are FREE permanently to Nurse-Owned businesses.
If you're just starting out a business and are not sure how to go about it, feel free to give us a call or send us an E-mail.
We're available 9am to 9pm for calls EST.
If you have a lot of questions, we'd suggest getting a cell phone with lots of national minutes (smile).
We can walk you through step by step from deciding
what type of business organization is right for you to, payroll, marketing, etc.
Call or E-mail Andrew Lopez, BS RN, President & CEO of Nursefriendly, Inc. at 856-415-9617 or info@nursefriendly.com.
If you don't see a category or state your business belongs
in, we'll create it! We're very supportive of nurses looking to start or expand their nurse-owned businesses. If you have questions, please contact us. In our directories, we've organized resources to help you start, build and grow your business.
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- Article Index:
- Eight Tips for Aspiring Healthcare Entrepreneurs by Megan Malugani, Monster.com:"You may dream about being your own boss, but are you really ready to take the plunge into healthcare entrepreneurship? Besides having a winning idea or service to offer, you must be self-motivated, persistent and energetic, say successful healthcare entrepreneurs.
Faye Berger Mitchell, a nutritionist in private practice since 1988 in Chevy Chase, Maryland, and Thom Golden, a former emergency room nurse who founded Doctor Baby Proofer in 1986 in Dallas, offer eight tips to aspiring entrepreneurs:
- How to Use Other People's Money for Your Business, By Matthew Lesko
- The New Power of Advertising, By Jay Conrad Levinson
The Story of the Hypnotic Writing Monkey, by Joe Vitale
- The Truth Must Be Told, Ted Nicholas
Interesting Reading For Nurse Entrepreneurs, Actual or Soon To Be:
Nurse Entrepreneurs: Tales of Nurses in Business:"This book is vey inspiring! Learn how 50 different nurses brought their vision to reality! Learn some great tips on starting your own business. Nurses don't have to just work at the bedside. Read this book and you will be thinking of how you can make your dream a reality!"
Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them:"Rich Dad's-"Own your Own Corporation" is a must read for anyone comtemplating a new business-or someone who already owns their own business. Garrett's direct yet simplistic explanations of the different business entities,the proper and best suited entity for your business-is followed by real-life scenarios which helps drive home the importance of corporate ownership in today's business world. Use Garrett's legal expertise to establish a successful, legally responsible and fiscally protected business...And understand the why's and how's of that ownership."
21 Success Secrets, Success Secret #4- "Do What You Love to Do." Get your FREE CD and find out the other 20 secrets of self-made millionaires.:"Order your FREE CD ($4.95 S&H) from Brian Tracy's acclaimed 21 Success Secrets series. Start with 21 Success Secrets of $elf-Made Millionaires - full of techniques practiced by all men and women who go from rags to riches in one generation. Brian Tracy is a noted success expert. He's trained over 2 million people in 23 countries how to achieve their financial goals faster than ever before."
Business To Business:
- Subscribe to our newsletters to learn how to make any site sell! Please enter your e-mail address into the box and click on the "Subscribe" button.
- Click Here To Start accepting credit cards online! Clickbank (Zero to $100,000 in Transactions per year), Surefire Premium Processing ($100,000 and over)
- Make Your Knowledge Sell!:""Make Your Knowledge Sell!"
makes it possible for Y-O-U
to develop and sell your infoproduct!
My co-author Monique Harris started out pretty much like you. She didn't use rocket science to achieve her tremendous e-publishing success."
- Make Your Net Auction Sell:"As a business, Net auctions are truly a whole new kind of opportunity. To sell at auction just a few years ago, you had to be a Sotheby's, a business liquidator, a car dealer… or some other kind of "traditional" business. Or pay them to do the job."
- Make Your Price Sell:"Know Your Perfect Price™
in 50 Minutes
"Why is the Perfect Price™ so important?" That depends on whether you are considering a new product concept, launching a new product, or managing existing ones...
Considering a new product concept? Not sure if it will fly? Imagine if you could know how much people would pay. You'd know if this new idea was worth pursuing... or not (think of the dollars and time saved)."
- Make Your Site Sell:"Starting a major new business on the Net? Want to improve upon results from an existing Web presence? Or merely looking to build a solid second income stream? Whatever your e-commerce goals, we'll OVERdeliver, no matter how lofty your expectations are.
As you will soon see, SiteSell.com products are globally acclaimed by major authorities as best of breed. Yet they are priced so that you can afford them... easily."
- Make Your Words Sell:"What Do YOU Sell?
Want to Sell More?
Selling software on the Net? Infoproducts? A service? Million dollar cables for suspension bridges? If you want to sell more...
Use the right words. Because words sell, not graphics. If you have any doubts, try this simple experiment."
- Site Build It :"Site Build It! is the complete, all-in-one traffic-building system. It builds income by giving you all the software, tools and techniques that you need to build targeted traffic... all tied together into a terrific, time-saving, step-by-step process."
Please select from the following, see also Doing Business Resources:
Make Money From Any Type of Website! Webmasters will want to check out our Paid Link Affiliate Programs Directory
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Nursing Topics, A to Z: A,
B,
C,
D,
E,
F,
G,
H,
I,
K
L,
M,
N,
O,
P,
R,
S,
T,
U,
V,
W,
X,
Y,
Z
To subscribe to our:
Nurse Friendly Notes Newsletter:
Send a blank e-mail to: nursefriendlynotes-subscribe@topica.com
http://www.nursefriendly.com
Nursing Jokes, Medical Humor, Jokes to make you laugh and smile all day.
Send a blank email to: nursingjokes-subscribe@topica.com
http://lists.topica.com/lists/nursingjokes/
Clinical Nursing Cases:
Send a blank message to: clinicalnursingcases-subscribe@topica.com
http://www.nursingcasestudy.com
Inspirational Stories:
Send a blank e-mail to: inspirationalstories-subscribe@topica.com
http://www.inspirationalnursing.com
If your website is not listed here, we encourage you to submit it: Add Your Website/URL.
See also:
Nursing Degrees, LPN-RN, RN-BSN, RN-MSN, Online/Offline College, University and more!:"Higher income. Career mobility. Now, no matter where you live or what your schedule, you can earn your Associate or Bachelor Degree to take your professional life to the next level — without putting the rest of your life on hold!"
If you do any Browsing or Windowshopping online, please visit our online Mall:
http://www.nursefriendly.com/shopping/
Gifts For Nurses:
http://www.nursefriendly.com/gifts/
4nursinguniforms.com:"Choose from Top Nursing Uniform Companies. All sizes, styles and popular name brands available. Large selection of accessories as well: Accessories Blood Pressure Cuffs, Sphygnomanometers Nursing Tote Bags, Carry-Ons, Medical Bags Clinical, Medical Supplies, Nurses Discount Outlet: Angels, Books, Clothing , Equipment, Figurines, Holidays, Home Decor, Jewelry, Nurses, Office Decor, Scrubs, Shoes, T-Shirts Footwear, Shoes, Sandals, Discount, Bargains Gifts For Nurses (Nurses Week) Hosiery, Socks, Stockings Hats, Jackets, Jumpers Jewelry, Earrings, Necklaces, Watches Luxury Spas, Facials, Manicures, Pedicures Perfumes, Fragrances, Phermones Shoes, Boots, Sandals, Footwear, High Heels, Slippers Stethescopes, Nurse Kits, Replacement Parts Swimwear (Tan-Through) Women's Lingerie "
4nursinguniforms.com
Search For Scrubs, Uniforms & More on eBay!
Choose Nursing Uniforms, Shoes, Scrubs, Accessories By Brand:
Barco,
Birkenstock,
Cherokee,
Crest,
Dickies,
Disney,
Haflinger,
Landau,
Nurse Mates,
Peaches,
Rockport,
Romika,
White Cross,
White Swan
See also:
- Accessories
- Blood Pressure Cuffs, Sphygnomanometers
- Nursing Tote Bags, Carry-Ons, Medical Bags
- Clinical, Medical Supplies,
- Nurses Discount Outlet: Angels, Books, Clothing
, Equipment, Figurines, Holidays, Home Decor, Jewelry, Nurses, Office Decor, Scrubs, Shoes, T-Shirts
- Footwear, Shoes, Sandals, Discount, Bargains
- Gifts For Nurses (Nurses Week)
- Hosiery, Socks, Stockings
- Jewelry, Earrings, Necklaces, Watches
- Luxury Spas, Facials, Manicures, Pedicures
- Perfumes, Fragrances, Phermones
- Shoes, Boots, Sandals, Footwear, High Heels, Slippers
- Stethescopes, Nurse Kits, Replacement Parts
- Swimwear (Tan-Through)
- Women's Lingerie
Surprised? eBay Has Nursing Supplies, scrubs, uniforms, stethescopes, etc.:"You can find nursing supplies right here! With over 5 million items for sale every day, you'll find the nursing supplies you're looking for at the world's online marketplace - eBay!"
http://www.nursefriendly.com/ebay/
Nurses' Station:"The idea for the Nurses' Station Catalog was conceived in 1989. After searching the marketplace in response to customer inquiries, it became obvious that there were no catalogs of this type serving the nursing profession. To be sure, there were several catalogs offering nurse's uniforms and a smattering of professional items. But there weren't any catalogs at the time offering a range of gifts, clothing, professional items, name badges, shoes and scrubs for nurses. It took two years of hard work to gather samples and put a together a catalog of the most unique and high-quality items for nurses."
Nurses Station
P.O. Box 388
Centerbrook, CT 06409-03881
http://www.nursefriendly.com/station/
Nursing In The Media, Nursingadvocacy.org
- ER:"Media products under your influence, particularly the NBC/Warner drama "ER," are harming the profession of 2.7 million American nurses by giving the public an inaccurate and inadequate account of what nurses really do to save and improve lives. Research suggests that "ER" strongly and negatively influences the way children view nursing. These products contribute to the nursing shortage, a public health crisis that threatens millions worldwide."
- NBC's "Passions":"NBC's "Passions" solves nursing shortage: monkeys can do the job! Starting in March 2003 and at least as recently as late August, NBC's campy, supernatural daytime soap opera "Passions" has featured an orangutan named Precious in the role of the private duty nurse of one of its characters--a bold step backwards in the already slow...evolution...of the media's treatment of nurses. more..."
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"Scrubs" defines nursing:""Scrubs" defines nursing: it's all about shutting up and following physician "orders. " Tonight's episode of NBC's "Scrubs," which purports to teach nurse Carla Espinosa that nursing is all about doing what physicians tell you, is one of the most virulently anti-nurse prime time television episodes the Center has ever seen. more..."
http://www.nursingadvocacy.org/
Nursing Chat, Nurse Discussion Forums:
http://nursingdiscussions.com
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The Uniform Resource Locator (URL) or Internet Street Address of this page is:
http://www.nursefriendly.com/nursing/directory/nursingentrepreneurs/articles.are.you.making.any.of.these.10.deadly.small.business.mistakes.htm
Send comments and mail to Andrew Lopez, RN
Last updated by Andrew
Lopez, RN on Sunday, March 30, 2008 |