How knowledgeable are you about the Healthcare Industry? When looking to start a nursing agency without your own money, knowledge and experience count. While starting a nursing agency without money may sound a bit off, it’s possible, as there are several ways to achieve such an objective. We’ve identified and discussed some of these below. You only need to examine and try out the process to see how it pans out. For many people, success translates to having their efforts bear tangible results.
Alternative Funding Options
- Friends and Family Raise: A friends and family raise is a common and accessible way to gather funds for a new business.
- Free Resources: The first step in starting a home health agency with no money is to research and utilize free resources. Explore tips and strategies for leveraging free resources and existing assets, forming a network of professionals, and taking advantage of tax breaks.
- Nursing Agency Franchise: Another option is to open a nursing agency franchise.
Understanding the Industry
Your choice to start a nurse staffing agency is a great one, as the demand for nurses continues to rise. To get the ball rolling, here are the steps you need to take to launch a successful staffing agency:
- Obtain your nurse’s license.
- Nursing agencies make money by charging a fee for their patient care services. This fee can be a set amount, or it can be a percentage of the nurse’s salary.
If you have a nurse’s license or an interest in providing private nursing services and are looking for a way to run your own business, now is a good time to start a nursing recruitment agency, as this industry will continue to grow over the coming years.
Becoming Knowledgeable and Finding Support
At Passive Workforce, we specialize in assisting entrepreneurs in establishing and managing nursing agencies. We provide comprehensive support, including connecting you with potential funding sources and offering resources like online courses. Our goal is to empower you with the knowledge and tools needed to navigate the challenges of the industry and build a thriving business. Before drafting your business plan, assess the capital needed to start and run a nursing agency.
Agency Nursing Considerations
Agency nurses typically receive higher rates of pay than permanent NHS nurses, making agency nursing extremely lucrative. You can also work as an Agency Nurse in the private sector, which offers even higher pay rates. Nursing agencies provide opportunities to gain experience in multiple environments, diversifying your skills and providing job satisfaction.
Requirements for agency nursing often include 1-2 years of recent experience. Flexibility and a positive attitude are also key. Nursing agencies charge commissions to hospitals for placing nurses, which means shifts sometimes get cancelled at short notice, but pay rates are still considerably higher than permanent roles. Nursing agencies provide helpful resources like competency renewals, police checks and ongoing training. They also negotiate on the nurse’s behalf.
Overall, consider whether the flexibility and extra pay suit your lifestyle. While unpredictable, agency nursing can greatly boost your earnings.