Starting a nursing agency would require you to have a substantial amount of money which is why it is very essential that you have conducted feasibility studies as regards the business and then prepare a business plan to help determine all the actions and decisions you will make during the course of starting your nursing agency business. This is why before you can market your services to your target market, you would need to have first built a profile that will enable your target market know that they can rely on you to provide them with reliable, competent and proficient nurses at any time. The nursing industry is changing at a fast pace. Once you have bought a quality franchise, you would not have to worry about handling certain aspects of your business such as advertising and promotion and other core aspects of the business. A nursing agency is one that provides qualified nursing staff to private patients or health care institutions that require them. … The rapid recovery experienced is as a result of rising employment and an increase in the number of individuals with health insurance provided for by their employers which have made healthcare services to be more affordable. Also, the partners can be held liable for any debt that is incurred by the business. Having a list of legal documents for your business is very necessary especially if you intend to operate your business legally in the United States of America. The owner of a nursing staffing agency doesn't need formal training or higher education. There is a growing shortage of healthcare professionals that are needed to ensure that this industry meets up with the rapid growth occurring in it. She holds a BA in Marketing and International Business and a BA in Psychology. "HOW To Start A Nursing Agency, Registry, Healthcare Recruiting & Homecare Business" Manual Covers Topics Such As: No Money To Start; Sources of funds: Private & Public The industry is expected to experience more growth that will be sustained over the five years to 2021. Although nurses make up the largest part of the health care industry, this profession continues to face shortages. Below are some of the platforms that can be used as leverage to boost your brand and also promote your nursing agency; Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. The demographic and psychographic composition of those who require the services of a nursing agency are healthcare facilities, senior citizens and individuals with health challenges that might require help in their homes. Additionally, it requires moderate startup capital. Nursing agencies are usually run by a nurse, who may be the sole owner, or in partnership with another person. The Service Delivery Process of a Nursing Agency Business. The good news is that you could start a nursing recruitment agency even with little or no money and help medical professionals save lives. Also, you might need to check on the strategies being used by those already in the industry- especially the well-known ones, so that you will be able to work their strategies into your own. If YES, here is a complete guide to starting a nursing agency business with NO money and no experience. Accessible Home Health Care, for example, requires an initial investment of $125,000 and sufficient funds to cover living expenses during the first six months of business. Clear Skies Capital, for instance, provides merchant cash advances, lines of credit and working capital loans of $5,000 to $2 million. Up a small business account at your bank where two or more people come to! 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