The first step in becoming a nurse entrepreneur is a business plan. Your business plan can start with anything from a name for your NP-owned business, to the payers you’d like to accept, to the patients you’d like to see. These ideas can form the basis of and guidance for a nurse practitioner business model. Some important components to consider are:
- When would you like to open your NP business?
- What will you name your independent practice?
- In what states would you like to practice?
- Where can nurse practitioners practice independently?
- Will your nurse practitioner business be brick-and-mortar? Telehealth? Home visit?
- What specialties/services will you offer? Is there a need for that in the community you’re serving?
- Will you be accepting insurance? Which payers?
- What steps can you take to grow your practice?
- Will you start full-time? If not, when will you make the transition to full-time?
