07.06.10

3 Lessons Nurse Entrepreneurs can Learn from BP

Posted in Increase profits, Sales, customer service, getting started at 8:53 pm by LeaRae Keyes, Executive Director, Nurse Entrepreneur Network

What could the tragic oil spill in the Gulf of Mexico possibly have to do with nurse entrepreneurs? There are lessons to be learned from BP for anyone who is in business including nurse entrepreneurs.

One of the first lessons that can be learned is not to overpromise and under deliver! BP has consistently over estimated and over promised in its efforts to contain the oil spread which has now reached every state in the Gulf of Mexico. It is vitally important that you are able to keep promises you make and deliver on time. 

Next came the blame game. Everyone is pointing fingers at everyone else. What is critically important early on in a crisis is to solve the crisis. There will be plenty of time for finger pointing and assigning blame later if this is really necessary as may be the case in determining who should pay what costs. However, the first thing that needs to be done by every nurse entrepreneur is to fix to problem rather than assigning blame.

Finally is the lesson of risk. Risk looms over the horizon for every nurse entrepreneur. Know your risks and plan for them accordingly. Have a disaster plan in case the worst case scenario does happen. Determine you plan ahead of the disaster not after the disaster has occurred and you are trying to figure out a solution. Have a disaster plan in place before you take the step to put yourself at risk. Perhaps it is a stop loss measure, or back up assistance to be called on, or a triage plan, whatever is needed have your plan in place.

By learning from BP’s mistakes and failures you can make your company less vulnerable and more resilient. You can put yourself and your company in an excellent position by avoiding the mistakes made by BP.

LeaRae Keyes, RN

www.nurse-entrepreneur-network.com

07.23.07

Doing one more thing

Posted in Increase profits, Sales at 2:32 pm by LeaRae Keyes, Executive Director, Nurse Entrepreneur Network

Often the difference between being successful or not is in doing one more thing. There is very little difference between those who succeed in business and those that do not. It is that little difference that can make a break a business. Watch this video to better understand the difference. http://www.just212.com/video/.

What is the one thing more that you can do to make your business successful? Please share your thoughts and comments.

LeaRae Keyes, RN
www.Nurse-Entrepreneur-Network.com

 

06.26.07

Increase profits by decreasing expenses

Posted in Increase profits at 9:28 am by LeaRae Keyes, Executive Director, Nurse Entrepreneur Network

As a nurse entrepreneur, one of your biggest expenses may be gasoline. If you travel to make sales calls or to see your customers, you are probably shocked by the rising cost of gasoline and its impact on your profits.

You can save money on gasoline by looking for the cheapest gas in your area. Go to www.gaspricewatch.com or www.gasbuddy.com to find information on the least expensive gasoline in your area. Prices on these sites are regularly updated by volunteers.
 
Another way to save on gasoline is to watch for the day of the week when gasoline is the cheapest. Traditionally this has been on Tuesdays.