In the paper “Five Steps to Making a Million in Nursing” the author will take the reader on a journey in which he will explore five steps to making a million in nursing. The five steps are intended to help formulate a goal, structure plans…
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Therefore, before starting a business, you are required to have a plan (Sapp & Harnish, 2004). The five steps are intended to help you formulate a goal, structure plans and get you well on the way to achieving your goal of starting and running a business that can help you make millions capitalizing on the breadth of knowledge and skills that you have as nurses. Are you ready to take this journey with me? Let’s get started. I. Step 1: Assess The first essential step toward planning, starting and eventually operating a business successfully is conducting an assessment or a “personal inventory” (Gillespie-Brown, 2008, p. 62). What you want to do is to identify what you need to start your business and have a good idea of what you have and what you don’t have. In other words, you will have to know what personal and material resources you will need to start and run a business and you will also need to know what personal and material resources you do have and do not have. You must conduct this assessment honestly and while identifying your weak spots, you must concentrate on your strengths. I know it is difficult for some people to acknowledge their shortcomings. If you don’t acknowledge your shortcomings in planning your business, you will not compensate for them and this will present obstacles to success later on. For example, if you plan to start a senior nursing home business and your strengths are in paediatric care, you should know that you might need additional training in senior care. When you take this approach, you might very well find that your expertise in paediatric care can be transferred over to senior care. You see, if you don’t acknowledge your shortcomings, you will not be able to fully capitalize on your strengths. People...
I know it is difficult for some people to acknowledge their shortcomings. If you don’t acknowledge your shortcomings in planning your business, you will not compensate for them and this will present obstacles to success later on. For example, if you plan to start a senior nursing home business and your strengths are in paediatric care, you should know that you might need additional training in senior care. When you take this approach, you might very well find that your expertise in paediatric care can be transferred over to senior care. You see, if you don’t acknowledge your shortcomings, you will not be able to fully capitalize on your strengths. People are not particularly comfortable identifying their weaknesses. But of course, you are nurses and this is not something that nurses shy away from so we will move on.As we move on from taking a personal inventory, we want to conduct a business audit of our work history and experiences. Your resources and skills acquired during your work experiences as nurses will be significant in the business that you will start. As Gillespie-Brown (2008) suggests:...Many investors prefer funding entrepreneurs who show strong subject matter experience. Try and find a link between what you know and your business dream (p.64). To get to this point where you want to find a link between what you know and your business dream you want to write out a biological profile. This is how you conduct an inventory.
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