Nursing
and Entrepreneurship: Perfect Together
by Donna Cardillo, RN, MA
Business
ownership is part of the American dream. And why not? It
provides the opportunity to be your own boss, make your
own hours, and have creative freedom, flexibility of time,
and unlimited earning potential. And while the concept of
“business” is foreign to many nurses, we actually
make great entrepreneurs.
The
Right Stuff
Nurses
have what it takes to be successful in business. We’re
smart, think on our feet, have excellent communication skills,
are good listeners, and are versatile and adaptable. We’re
hard working, ethical, and totally customer-service oriented.
We’re even good salespeople. Every time you have to
convince a patient to adhere to a regimen or follow up on
some tests, you’re selling! We also possess a great
body of knowledge and experience that is marketable, valuable,
and in demand.
One
Nurse's Story
Years
ago, I had a job where I was forced to give a lot of presentations.
Believe it or not, I was a reluctant public speaker —
like everyone else. But I began to get some positive feedback
from those who heard me speak. After hearing two terrific
speakers, one of whom was a nurse, I began to aspire to
someday become a professional speaker. But what to speak
about?
Around
the same time, other nurses were asking me for career advice.
They were curious about my nontraditional nursing background
and wanted interviewing tips, help writing their resumes,
and information about other opportunities within nursing.
I started to realize that average nurses weren’t aware
of most of the options available to them and didn’t
have traditional job-finding skills. These topics were never
stressed in nursing programs. I began to think about someday
developing a seminar for nurses in which I would discuss
nontraditional career opportunities and give information
about how to find and get those jobs.
I
had that idea in my head for about 10 years before I acted
on it. I was approaching my 40th birthday and contemplating
what I wanted to do with the rest of my life. Although I
had a lot going for me, I had a gnawing feeling that something
was missing. I wanted to take all of my experiences and
find a way to pull them all together and really make a difference.
Many people assume that I was brimming with confidence and
drive when I started my business, but the exact opposite
is true. I was actually at a low point with almost nonexistent
self-confidence and a poor self-image. I also felt rather
sluggish about things in general.
When
I started to break down the barriers in my mind that told
me what I shouldn’t or couldn’t do and asked
myself where I should go from here, I didn’t have
to think long or hard. That idea had been rolling around
in my head for a decade. This was in the early ’90s,
a time when nurses were being laid off from their jobs for
the first time in the history of our profession. I knew
the time would never be more right to take my show on the
road. I also knew that if I didn’t do it, someone
else would, and I’d be kicking myself for years to
come. So I made a decision and a commitment to start my
own business, become a professional speaker, and develop
a full-day seminar for nurses — Career Alternatives
for NursesTM.
Other
nurses often say to me, “But Donna, you don’t
understand. I have such fear about moving forward.”
I understand more than you could ever imagine. In the last
10 years I have experienced fear, the likes of which I had
never experienced in my life. I discovered that fear is
always part of the equation when trying something new or
taking a risk. So rather than waiting for the fear to dissipate
or letting it become an obstacle, I learned to move forward
in spite of it. I noticed it would start to subside after
I did something for the first time or mastered a new skill.
That is, until I had to try something else. I also learned
that the bigger the goal, the bigger the fear. Talk about
stepping out of your comfort zone!
Did
I face obstacles along the way? You better believe it. My
husband was diagnosed with Multiple Sclerosis just as I
was getting ready to launch my first seminar. I had to rethink
my goals and decide if this was the right path. After two
weeks of soul searching, I decided that I and my family
would be better off in the long run if I relied on myself,
rather than an employer, for financial security. Those first
few years were rough. With my husband disabled and me starting
a business, our household income took a nosedive. We had
to severely adjust our lifestyle and try to live within
our now meager means. But there is no better motivation
to being successful then knowing you have to put food on
the table and get the bills paid. I clung firmly to my belief
that I could make this work and kept plowing ahead, more
determined than ever.
Lessons
Learned
After
ten years in business, I’ve learned several invaluable
lessons:
1.
Owning a business is like raising a child. It’s something
you have to make a long-term commitment to. You’ll
go through different phases, some fun and rewarding and
some challenging and trying. But if you put enough love,
respect, and sweat equity into it and always believe in
it, you’ll end up with something you can be proud
of.
2.
No one succeeds alone. This is especially true in business.
You’ve got to surround yourself with positive, successful,
motivated, and talented people. Not only will their drive
and enthusiasm propel you, but they will likely be eager
to support and advise you. Seek out people who are successfully
doing what you want to do. You can often find these people
through professional associations related to business, such
as the National Association of Women Business Owners (www.nawbo.org)
and those associated with your area of practice, such as
the National Speakers Association (www.nsaspeaker.org) or
American Association of Legal Nurse Consultants (www.aalnc.org).
There will always be nay-sayers, those who are eager to
tell you why you can’t or shouldn’t do something.
I once heard someone say, “If someone tells you can’t
do it, it may be because they’re afraid you will do
it.”
3.
Each of us is capable of doing much more than we ever realized.
I’m not talking about getting more things done in
a day. I’m talking about developing aspects of ourselves
that we never knew existed. For example, when I started
in business, I was convinced I had no ability to write.
However, I knew, as an educator, I would be expected to
get something published, so I set out to try my hand at
writing, never expecting to be more than mediocre. Today,
I’m an author, columnist, and writer with almost 100
published articles in numerous magazines. Benjamin Disraeli
once said, “Most people die with their music still
locked up inside of them.” Who knew I had a writer
locked inside of me? I often think how this part of me could
so easily have stayed buried.
4.
Don’t put all your eggs in one basket. You may pick
up one big client early on that sends a lot of work your
way. The temptation is to think, “Wow, this is great.
I don’t have to advertise or look for other work because
I get enough work from this client to support myself.”
That’s a dangerous way to think because things can
change almost in an instant. That company can go bankrupt,
get sold, decide to change its focus, have massive budget
cuts, a change in administration, etc. You’ve always
got to have more than one iron in the fire if you don’t
want your business to go cold.
5.
Everything happens through networking. Networking is crucial
to building and maintaining a successful business. It’s
the best and most effective way to stay cutting edge with
knowledge and information, market your business, develop
a client base, and develop a support network. Whether you
do it by getting out to professional association meetings,
joining a listserv on the Internet, or staying in touch
by telephone and e-mail, you’ve got to make new connections
all the time and stay in touch with old ones. You need to
nurture and develop relationships. You also have to develop
your social skills and force yourself, if necessary, to
overcome your shyness and fear about meeting and talking
to new people. Fortunately, this is something you can get
better at with practice and by reading related “how-to”
books.
6.
Customer service rules. Distinguish yourself with service.
Treat your customers well, and they’ll always come
back to you. Go the extra mile for them, do something extra,
and they’ll never forget you. Treat them with the
utmost respect and courtesy at all times. Demonstrate your
care and concern for their welfare in everything you do,
and you’ll never go hungry. Motivational speaker Zig
Ziglar says, “You can have anything you want if you
give enough other people what they want.” This has
been my mantra throughout my business years.
Realities
Of Business Ownership
While
contemplating whether or not to take the plunge into entrepreneurship,
consider some of the facts:
| • |
It
takes time and money to build any business or consulting
practice. Nothing happens overnight. Even if you pick
up clients or contracts immediately, you’ll have
start-up expenses over the first few years. You’ll
be reinvesting any profits you make back into the business
as it grows and develops. These expenses will include
marketing material design and printing, which will need
to be upgraded as your business develops, and website
development and upgrades. You’ll be investing
in capital equipment for your office that it may take
a few years to pay off. You’ll need money for
licenses, fees, and professional services. You have
to be willing to hang in there and keep at it through
the lean years. It can take years to become profitable.
|
| • |
People
may treat you differently. The prospect of owning a
business intimidates some people; therefore, others
may be intimidated by you when they learn you’re
self-employed. They may also assume you are rich, equating
business ownership with wealth. Others may label you
lucky or opportunistic, having no concept of how hard
you’ve worked to get where you are…all the
hours, all the sacrifices, all the risks, and all the
knowledge and skill that had to be acquired. |
| • |
You
need to remain flexible and always stay ahead of the
curve. Many outside factors can affect your business,
such as new technology, emerging trends, changes in
reimbursement, world events, and consumer needs and
interests. You have to be willing and able to adjust
to those changes. When I started my business in the
mid-’90s, nurses were flocking to my seminars.
In the late ’90s, as the job market began to shift
once again and online learning became popular, seminar
attendance dropped off. Although I continued to do some
seminars, I had to shift gears and seek more speaking
engagements from associations, hospitals, and schools.
You’ve got to keep moving forward. I also developed
a home study version of Career Alternatives for NursesTM
as another source of income. Multiple streams of income
derived from multiple products and services help to
increase your cash flow and serve a broader client base.
|
| • |
Learn
business basics. You might be thinking, “I want
to be self-employed, but I hate the business and marketing
part.” Believe it or not, many entrepreneurs feel
that way. We want to “do our thing” and
let someone else worry about running the business. That
would be nice, but it’s not practical or realistic.
The good news is that anyone can master business skills.
I started by reading books in the public library on
business basics. You can also take courses, such as
those offered online or at a local community college
by the Small Business Administration (www.sba.gov) or
Small Business Development Centers. If you don’t
pay attention to the bottom line, you’ll be out
of business. |
| • |
Market
all the time. The famous movie quote, “If you
build it, they will come” does not apply to business.
You can have the best product or service, but if no
one knows you exist, you’re sunk. Marketing isn’t
just about print ads and mailings. It’s about
being active and visible in all the right places, including
related professional associations, industry publications
and conventions, the World Wide Web, the media, networking
events, etc. I knew absolutely nothing about marketing
and public relations when I started my business. But
I became a marketing and publicity whiz by reading books,
taking courses, and consulting with experts. It’s
all part of the learning process. |
Good
Things
Despite
all the challenges and hard work, business ownership offers
many rewards. After all, that’s why those of us who
do it, love it. One of the things I value most as an entrepreneur
is the flexibility I have with my time and schedule. Sure,
I have to be in certain places at certain times and have
lots of deadlines to meet. But for all intents and purposes,
my time is still my own. It allows me to better tend to
the needs of my family, take time off when I need and want
to, and sometimes be more spontaneous in my life rather
than locked into a rigid schedule governed by someone else.
Self-employment
also offers the opportunity for unlimited earning potential.
When you work for someone else, there is just so far you
can go with salary until you hit a ceiling. With business
ownership, the world is your oyster. You can choose to have
a small, part-time business that yields supplemental income,
or you can go for the gold and turn your passion into a
full-time operation that grows and develops with time and
experience.
Creative
freedom is also something I value as an entrepreneur. I
do things my way, the way I want to see them done. I bring
my own vision to fruition. I can try out my ideas and be
as creative as I want. I don’t have to present things
to a committee, write up any proposals, or get approval
from anyone. I research things, discuss them with people
in the know, listen to what my clients want and need, and
then move forward. Creativity breeds more creativity. When
you are free to think and try and experience and do, your
mind begins to open up to even other possibilities. This
paves the way to self-actualization.
Today,
ten years after starting my business, I can hardly believe
how far I’ve come, how much I’ve grown as a
person and a professional, and how much more about the world
and myself I’ve learned. I have more confidence, more
joy, more enthusiasm, and a greater capacity to care and
to give. Have I made any mistakes? Plenty. Do I have any
regrets? None at all. Do I still get scared when I have
to do something new? You better believe it. But that’s
all part of learning and growing. You truly can do anything
you put your mind to. I’m living proof of that. I’m
“living large” and loving every minute of it.
Copyright
Donna Cardillo www.dcardillo.com
800-801-5796. All rights reserved.
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