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For Setting Rates: Our formula is to take what staff nurses are making, pay my nurses 25% more, and charge facilities 150-200% of that. So, say a local med/surg nurse in your area is making $20/hr. I'll pay my nurses 25% more or $25/hr. And bill a facility $50, or whatever they'll agree to. The usual mark-up is 150 to 200% of what you pay your nurses. Decide on the lowest amount per hour that your nurses will work for, and that you can sustain a profit on. Remember if you're paying your nurses as employees, $25/hr turns into $30-35 after you contribute required matching payroll taxes. Add to that your overhead per month, and you'll get your wholesale price to start from. Sometimes you need to bid low to get your foot in the door, then gradually raise your rates. Depending on how you're set up and how many nurses you have, you can substantially outbid your competition and still stay afloat. When I ran an agency out of my home, I had minimal overhead and lots of cash on hand. To get my foot into as many facilities as possible, I made my agency the cheapest, while paying my nurses well. Literally I only made $2-3/hr profit for my first 3000-4000 billable hours. I also had more requests for work than I could handle. It paid off in the long run. When you become established, you can gradually raise your rates and increase your profits. 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 ****************************************************** ****************************************************** 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? ****************************************************** 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. ****************************************************** 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 ****************************************************** ****************************************************** Custom Search ****************************************************** 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: Accessories Nursing Carry-Ons, Medical Bags, Clinical, Medical Supplies, Footwear, Shoes, Sandals, Discount, Bargains Gifts For Nurses (Nurses Week) 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 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, truthaboutnursing.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." http://www.truthaboutnursing.org/letters/er/ House, MD:"The main patient in tonight's episode of Fox's House was a nurse who believed that a cat tended to sit with those who were about to die--including, recently, the nurse herself. That may not sound like a promising vehicle for House to improve its abysmal portrayal of nursing. But the show actually presents the nurse as someone with health knowledge. And her search for meaning in faith, for some reason in tragic events, is a real counterpoint to House's cold rationality. Indeed, despite the obvious potential for mockery in the cat angle, the mighty House treats the nurse with considerable respect--he seems to care what she thinks, or at least to find her views unnerving. Of course, the nurse plays no real clinical role in the episode, and no other nurses do either. So the episode suggests, as usual, that physicians provide all important care in hospital settings, including all meaningful psychosocial and physical care. Still, any suggestion that intelligent life resides in a nurse is a welcome departure for House (and for the episode's writer Peter Blake, who also penned a November 2005 House episode that was notable for its physician glorification and its casual contempt for other health professions). Tonight's episode, "Here Kitty," drew 13.1 million U.S. viewers. more... see the relevant film clips... and please join our letter writing campaign!" http://www.truthaboutnursing.org/letters/house/ Private Practice:"ABC's Private Practice, whose season ends tomorrow, April 30, may be the only broadcast network show with a major nurse character to return next season. In the February 5 episode (Mike Ostrowski's "Acceptance," 13 million U.S. viewers), lone nurse character Dell Parker, who is studying to be a midwife, shows some tentative clinical aptitude and knowledge to go with his boyish eagerness. Under the close supervision of OB/GYN Addison Montgomery, Dell ably performs a vacuum-assisted delivery. Later he haltingly guides the baby's parents toward breastfeeding. Dell also performs an assured solo ultrasound of pregnant psychiatrist Violet Turner, calming her panic attack and eliciting her agreement to his own suggestion that, though he's "not a doctor," he will likely become a "pretty good midwife." The show still condescends to Dell, who is also the office manager/receptionist at the LA clinic where the show is set. In the March 26 episode (Craig Turk's "Do the Right Thing," 10.1 million U.S. viewers)," http://www.truthaboutnursing.org/letters/pp/ "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.truthaboutnursing.org/news/2009/may/06_scrubs.html Nursing Chat, Nurse Discussion Forums: http://nursingdiscussions.com Alphabetical Nursing Topic Discussion, Chat List Are good CNA jobs that hard to find? Being A Male Nurse Curtailing Workplace Gossip Dealing With Confrontation In Nursing Degree Vs Diploma EKG Classes First Year On The Floor Horror Stories -- working short staffed How Many Hours A Week Do You Work Impaired Nurses Liability Question for Experienced Nurses LPN vs. RN vs. BSN, etc... Male Nurses Mandatory BSN to practice nursing being considered Mean Age of RNs Military Nursing More Foreign Nurses, Is It A Plot? Nurse Entrepreneurs Nurses Aides, Can't Live With Them. . . Nurses In Recovery: Nursing & Adult ADD Put Male Nurses In Panties Rude Doctors Specialty Nursing Staff Nurses Tattoos In The Workplace The Nursing Shortage, Your Opinions To Stay In Nursing or Not Travel Nurses Talk Travel Nursing Workplace Violence, Horizontal Violence Against Nurses ****************************************************** ******************************************************

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Send comments and mail to Andrew Lopez, RN Last updated by Andrew Lopez, RN on Monday, May 10, 2010

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