Dizon, Jake Yvan G.

BSN-IV

Define

1. Entrepreneurial

- An entrepreneur is an individual who designs, launches, and

manages a new business, which almost always starts out as a small

business. Individuals who create and launch a business take on the

majority of the risks associated with developing a business.

(Entrepreneur vs. Intrapreneur: What's the Difference? ([Link])

2. Nurse Entrepreneurial

- A nursing entrepreneur is an RN who utilizes their nursing experience

and enterprising ambition to create their own business in the

healthcare industry. Businesses can include a nurse staffing agency;

sales or development of medical equipment, medical supplies, and/or

medical apparel; or working as a nursing consultant, nurse educator,

or independent nurse contractor. (Nursing Entrepreneur: Salary & Definition

([Link])

3. Nurse Intrapreneurial

- Manion (1990) defines the nurse intrapreneur as "one who creates

innovation within the health care organization through the

introduction of a new product, a different service, or simply a new way

of doing something". Nurse intrapreneurs work from within a health

(Development of a nurse intrapreneurial role: patient care manager. -

Free Online Library ([Link])

History Of Nurse Entrepreneurs

The first entrepreneur was Florence Nightingale. She started the first secular

nursing training was in England in 1854. Despite chronic brucellosis, which

left her severely disabled, she made a worldwide change in health care.

Unfortunately, little regard was given to the importance of a nurse’s work and

they were considered secular servant nurses and paid the same wages as the

servants of the day. Another nurse entrepreneur of the same era was Mary

Grant Seacole, a freeborn black Jamaican. She volunteered her services in the

Crimean war effort. But, the Nightingale School of Nursing and the governing

military forces rejected her. Undaunted, she started a hotel where the wounded

soldiers on both sides of the conflict could recover. Another nurse entrepreneur

is Clara (Clarissa Harlow) Barton. She began her career during the U.S. Civil

War. She established the Bureau of Records of Missing Army Men at her own

expense to help families find their loved ones. In 1881, she founded the

American National Red Cross. Nursing and nurse entrepreneurship continued

to evolve and during times of peace, many nurses turned to private duty

nursing. They were self-employed and provided nursing services to patients

cases they would work. Eventually, independence and self-employment gained

them respect as professionals.

After the depression in 1929, nurses were forced back to their alma maters, the

hospital, to find work. Patients and families could no longer afford to pay the

private duty nurses. At times of military conflict, the nurse enjoyed increased

popularity as a hard worker dedicated to her profession, but the public image

of the independent professional never returned. A few self-employed, private

duty nurses lasted well up into the 1950s. As payment for healthcare became

the responsibility of the insurance companies, the self-employed private duty

nurse all but disappeared. In the 1970s, nurses began to alter their nursing

career paths by developing businesses and consulting services that stepped out

of the traditional mold. Nurse Karon Gibson started a nursing agency,

American Nurse, in Chicago, a first of its kind. Nurse Laura Gasparis Vonfrolio

developed her company, Education Enterprises, in New York. She provided

CPR training to businesses. By 1980, nurse Clarissa Russo from Southern

California, started presenting seminars nationally addressing career options

and business opportunities for nurses. Russo, by her example, proved that

nurse entrepreneurship was possible and financially feasible. At the same time,

nurses and nurse attorneys were pioneering the field of bringing nursing

expertise to attorneys and insurance companies when judging the merits of a

U.S. The role of the legal nurse consultant grew rapidly. By the mid 1980s,

nurse consultants were practicing in many areas. Individual nurses were

developing fields of consulting that never existed in the past. They were selling

their services to healthcare facilities, attorneys, and insurance companies. In

1985, it became evident that nurse entrepreneurs needed a support and

networking system. David Norris, a male critical-care nurse in Petaluma,

California, foresaw the need to support nurses in business. He started a

newsletter to promote and support nurses in business and the National Nurses

in Business Association was begun. By 1989, the association was serving

nurses across the country as it continues to do today. (Brief History of Nurse

Entrepreneurs - National Nurses in Business Association ([Link])

Entrepreneurial Skills

Entrepreneurs are people who start their own business. They're known for

embracing risk, having big ideas, and making major innovations that change

how others do business. While anyone who starts a business has a bit of the

entrepreneurial spirit, true entrepreneurs are distinguished by vision and

transform our collective quality of life. Entrepreneurs are known for thinking

outside the box. Anyone can start an online business or a storefront; it takes

Jeff Bezos to conceive of [Link], incorporate drone delivery and streamed

media, and supply nearly any item consumers can think [Link] see
things differently. They are not afraid to try solutions that most people either

fail to consider or are too afraid to try. Entrepreneurs often have an evangelistic

quality along with strong leadership skills. They have great ideas and are

skilled at getting buy-in from investors and employees. Entrepreneurs often

seem more comfortable with risk than are other business leaders. Taking risks

can lead to tremendous failures but also to stunning successes. Entrepreneurs

are willing to live without a steady paycheck and make short-term sacrifices for

a long-term payoff. That said, the risks that entrepreneurs take are calculated

and aren't simply done for the thrill. Being an entrepreneur may seem flashy

and exciting. But a lot of long hours are required to launch something. To be

successful, entrepreneurs must execute. You'll often hear stories of

entrepreneurs who begin their workday well before sunrise or send middle-of-

the-night emails. Entrepreneurs are relentless when it comes to completing

projects and following through on the work required to turn ideas and plans

into sellable products.

(Important Skills Entrepreneurs Need With Examples ([Link])

Characteristics and Personal Qualifications of Nurse Entrepreneur

Nurse entrepreneurs combine healthcare knowledge and business sensibilities

to develop successful business ventures that center around optimal care

delivery. Nurse entrepreneurs can focus their business on any of numerous

storage, healthcare services, or medical [Link] work of nurse

entrepreneurs carries the potential to make a profound impact on healthcare.

Nurse Entrepreneurship Qualities

Successful nurse entrepreneurs possess a skill set that allows them to

seamlessly integrate healthcare and business, such as strong leadership,

analytical, and communication competencies. At the same time, they must

possess other characteristics that can enable them to apply their skills

independently. Nurse entrepreneurs must be able to see how their healthcare

experience can lead to the development of a successful business. An example of

this in action stems from Seattle Sutton, RN, BSN, of Marseilles, Illinois, whose

Seattle Sutton’s Healthy Eating prepares thousands of nutritionally balanced

meals every week for clients across the U.S. Another example of nurse

entrepreneurial success is Pat Bemis, RN, CEN, who has built a care-based

empire through her website, CDs, seminars, and books, including her self-

published debut “Emergency Nursing Bible.” Nurse entrepreneurs must have

the ability to work independently, which means more than just not working

underneath a head nurse or nursing executives. It means having the self-

discipline and motivation necessary to shape an effective business model. This

can range from deciding how their work is done to determining how much they

can charge for their services. Earning an advanced degree such as a DNP can

help individuals develop this discipline. It is essential for nurse entrepreneurs

nutrition, technology, or education, into a specific field. For instance, the nurse

entrepreneur who is passionate about reducing the risk of cardiovascular

disease may focus their career path on developing devices that can help people

better manage their blood pressure, cholesterol, and other elements that can

impact their heart health. Nurse entrepreneurs need to embrace the flexibility

that comes with the role and use it wisely. Working independently gives nurse

entrepreneurs the ability to control their own schedules and build a better

work-life balance. However, it also comes with the responsibility to build their

schedules in a way that optimizes effectiveness for their businesses to grow

and develop.

Becoming a nurse entrepreneur can give a nursing professional a significant

measure of freedom to build their healthcare career on their own terms.

However, this freedom is carefully shaped and earned by a specific step-by-step

[Link] other professions in the nursing field, the first step to becoming a

nurse entrepreneur is to earn a degree. Typically, an advanced degree is not a

requirement; however, earning an advanced degree such as a Doctor of Nursing

Practice can help build an individual’s career. Once an individual earns a

degree, they would then need to gain certification. The certification commonly

associated with nurse entrepreneurship is obtained through the National

Council Licensure Exam for registered nurses (NCLEX-RN), which is a test

designed to confirm proficiency in metrics like safety, psychosocial integrity,

and health maintenance. After obtaining licensure, nurse entrepreneurs need

to gain experience in the nursing field. This not only allows nurses to build a

record of demonstrable knowledge and skills in a real-world environment but

also enables them to identify their strengths and weaknesses. This can allow a

nurse to improve and optimize their approach to healthcare delivery before they

strike out on their own health-related venture. (What Is a Nurse Entrepreneur,

and How Do You Become One? ([Link])

Scope of Entrepreneurial Practice

Entrepreneurship has far-reaching implications. Entrepreneurship moves beyond a

closed system of an enterprise. The broader scope of entrepreneurship is its capacity to

stimulate the economy and enable great societal change. Beyond fulfilling a need and

generating revenue for the entrepreneur, entrepreneurship provides jobs for society

and develops communities. (Principles, Concept And Scope Of Entrepreneurship Explained -

The Gritti Fund)