Are you a nurse and searching for profitable nursing business ideas? Do you want to become a nurse entrepreneur? Find here a list of lucrative business ideas for nurses that can be started with low investment from home or on small scale.
Broadly, the Healthcare industry offers a wide range of business opportunities for entrepreneurs. Nursing is one of them. If you are a certified nurse, you can consider starting your own venture also. As a matter of fact, in the United States, there are about 3 million active registered nurses. The median annual income of a Licensed Registered Nurse (L.N.P) in the U.S is approximately $75,510 annually on average.
However, starting a business takes a lot of considerations, to begin with. There are several internal and external aspects that can affect the success and overall profitability of your nursing business. Therefore, you must be careful in taking the decision of starting your own nursing-related business.
List of 25 Nursing Business Ideas & Opportunities
#1. Mobile Nursing Service
Mobile nursing services is gaining popularity in recent years. Here, you will be providing nursing services to clients at their homes. If you can network properly and get a good number of clients, you can earn a decent income.
#2. Nursing Career Advisor
This is a very wise profession. You can become a nursing career advisor for individuals who are looking for advice in nursing-related career opportunities. You can start and operate this business part-time and home-based also. However, you must have adequate knowledge, skill, and experience in starting this business.
#3. Child Care Center or Creche
This is a booming business in both developed and developing countries. As the number of working women is increasing, the demand for this type of service is also growing. Generally, a child care center or creche keeps the babies and children for a certain duration of time. They provide the necessary care to the children in exchange for monthly or daily fees.
#4. Diagnostic Center
An individual having experience in laboratory science can initiate a diagnostic center business with a reasonable capital investment. The diagnostic center with pathology service is one of the most profitable businesses in the medical and pharma industry.
#5. Dietitian / Diet Planner
Are you a certified dietitian? You can start a business from home as a diet planner. And also have tie-ups with fitness centers or gyms. Additionally, you can also operate the business from a commercial office of your own.
Generally, an esthetician is a licensed skin specialist. Broadly, the services include clean skin through skin exfoliation, massage, aromatherapy, and facials. The demand for this type of service is increasing very fast. You can start the business of your home. Otherwise, you can have a tie-up with a salon, spa, or beauty clinic.
#7. Fertility Clinic
This is another booming business worldwide. Due to the environmental changes and changing lifestyles, people are suffering more and more from fertility problems. Therefore, starting a fertility clinic business is the best opportunity in the nursing and healthcare industry.
#8. Nursing Blog
This is the best online nursing related business you can start from home. Just set up a blog and share your knowledge and experience with your readers for free. You can maintain a blog even part-time also. You can earn handsome advertising revenue from your blog.
#9. Herbal Medicine Selling
Nowadays, the demand for herbal medicine is increasing rapidly. People are becoming more and more health-conscious. And the awareness of the harmful aspects of medicines is increasing. You can start the herbal medicine selling business in two ways. You can start from a retail brick-and-mortar location. Otherwise, you can start online selling.
#10. In-house Nursing Service
Here your customers are the people who can’t leave their house and look for nursing service at their home. Generally, moms, senior persons, and accident survivors are the target demographics of this business. However, you can offer services as per your area of expertise and skill.
#11. Lactation Consultant
A lactation consultant is an allied health professional who specializes in the clinical management of breastfeeding. Lactation consultants commonly work in hospitals, physician or midwife practices, public health programs, and private practice. They are certified through the International Board of Lactation Consultant Examiners (IBLCE).
#12. Life Care Planner
In this specialized subset of case management, Nurse Life Care Planners create healthcare roadmaps. These nurses help patients who have suffered catastrophic injuries and illnesses, advocate for them, and plan out their care. Nurse Life Care Planners work with a patient’s family, the insurance company, attorneys, and others to develop a life care plan, determining the future needs, services, and costs of care for the patient over their lifetime.
#13. Maternity Clinic
A maternity hospital, also a lying-in hospital (archaic), is a hospital that specializes in caring for women while they are pregnant and during childbirth. Maternity hospitals also provide care for newborn infants and may act as centers for clinical training in midwifery and obstetrics. However, the business demands substantial startup capital investment.
#14. Medical Equipment Selling
This is another very lucrative business. This type of business includes a wide range of products. In addition, you can start this business in two ways. However, according to your investment capacity, you must determine the exact business model. You can start medical equipment selling from a retail location or you can start online selling.
#15. Medical Representative
Medical representatives are the key point of contact between pharmaceutical and medical companies and health care professionals, promoting product awareness, answering queries, providing advice, and introducing new products. Revenue-wise the business is highly lucrative.
#16. Medical Store
Medical store business opportunity is perfect for those who are a chemist or has years of experience as a pharmacist. In this business, there are so many types of commercial options available apart from only medicine selling. One can start a medical store business with extra value addition services like a doctor’s chamber, some test facilities like blood pressure, oxygen supply, etc.
#17. Mobile Health Service
This is also a booming business nowadays. People with busy schedules prefer to have some basic services at their doorsteps. If you can arrange the vehicle for mobility, you can consider starting this business from your home also. However, the business demands strategic planning and moderate capital investment.
#18. Nephrology Nurse
Nephrology Nursing aims to work in partnership with people who have the renal disease to optimize their health and that of their families and communities. Renal disease is a chronic illness often an irreversible condition arising from many causes and frequently progresses to end-stage renal disease that requires dialysis or transplantation to sustain life.
#19. Nursing Training
If you are a certified and experienced nurse, this business is just perfect for you. The nursing training institute is a profitable and self-rewarding business as well. However, the business demands specific affiliations and licensing.
#20. Nutrition Consultant
The Nutrition Consultant Training Program provides students with an in-depth knowledge of the foundations of whole food nutrition as it contributes to the prevention of illness and the promotion of optimal health. In the program, students study the fundamentals of nutrition: physiology, anatomy, macro, and micronutrient selection, and the effects of foods on the body.
#21. Private Nursing Service
Private nursing service is relatively easy to start. Additionally, it requires moderate startup capital. And it is indeed one of the coolest ways to make money as a nurse especially if you are starting the business in the United States, Canada, and Europe or in Australia.
#22. Senior Caring
Basically, this is a niche category under the private nursing service. Here, you only offer your service to the senior citizens who look for this type of special service. In starting this business, you must have specific certifications and licenses. In addition, you can operate the business from home even on a part-time basis.
#23. Telenursing Agency
The demand for telenursing services is increasing nowadays. And as per the net profit earnings, this business is highly lucrative. Telephone triage is the practice of conducting a telephone interview to assess the urgency and severity of the patient’s symptoms. The outcome of telephone triage is the appropriate patient referral to the appropriate level of care within an appropriate period of time.
#24. Wellness Nurse
Wellness nurses are responsible for accommodating patients’ preferences, and for improving the health of patients as much as possible through diet, exercise, medication, and physical therapy. Additionally, you can start this business from your home or from a commercial space.
#25. Wound Care Nurse
This type of nurse specializes in the proper management of wound care by treating and monitoring wounds that are the result of disease, injury, or medical treatments. Generally, the majority of the positions for this type of nurse are in nursing homes or hospitals.
How to Start a Nursing Business – 5 Tips
Select your Nursing Niche: First of all, you must consider your area of expertise. When you are starting your own business, this is important you operate the business within your confidence.
Understand the Demand: Study the market first. The product you are offering must have potential demand in the market. Here you also need to identify your target demographics.
Get Licenses and Permits: In addition, check the local licensing aspects carefully. Any business as such in the healthcare industry demands specific licensing and compliances.
Create a Nursing Business Plan: Furthermore, craft a business plan carefully. It is a must. Consider your investment capacity. Craft a detailed financial plan with expected ROI. Additionally, have a marketing plan. No business can survive without promotion.
Be Patient & Enjoy: Finally, you must have an attitude of serving people. This is the primary aspect that you need to consider carefully. Do you feel happy when you help to survive others? Check it.
Apart from this list of profitable nursing business opportunities, there are several opportunities you may find feasible. We hope, this list of nursing business ideas will help you in starting your own business in the healthcare industry.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.