business plan for legal nurse consultant

How to Become a Legal Nurse Consultant (LNC)

What is a legal nurse consultant.

• Work Environment
• How to Become
• Top Programs
• Certifications

Career Outlook

If you enjoy medical problem-solving, researching and analyzing information, and working with others, then legal nurse consulting may be for you.

Read on to learn about the salary, job description, and education requirements needed to become a legal nurse consultant (LNC).

Legal nurse consultants are registered nurses that provide invaluable consultation and expertise to attorneys about medical issues.

With strong roots in clinical nursing practice, LNCs apply the nursing process to evaluating relevant, complex information in legal cases. Legal nurse consultants fulfill a unique role in bridging the gap between the legal process, healthcare science, and patient outcomes.

Legal nurse consultants work in many settings, including independent consulting practices, insurance companies, and legal firms, to name a few.

Legal nurse consulting took root in the late 1970s as a specialty area of nursing, and further established itself with the formation of the American Association of Legal Nurse Consultants (AALNC) in 1989.

>> Show Me Legal Nurse Consulting Programs

What Does a Legal Nurse Consultant Do? 

Legal nurse consultants perform a dynamic and varied role. They apply their skills in a number of legal practice areas that are continually evolving as healthcare, medical science, and legal practice change.

Legal Nurse Consultant Practice Areas

The AALNC identifies the following practice areas for LNCs:

• Medical malpractice
• Personal injury
• Long-term care litigation/elder law
• Product liability
• Workers’ compensation
• Risk management
• Life care planning
• Regulatory compliance
• Forensic/criminal
• Civil rights
• Employment discrimination
• Medicare set-asides

Legal Nurse Consultant Responsibilities

Legal nurse consulting allows you to work independently and with many types of people, and requires that you function well under pressure. Regardless of work environment, LNCs perform many specialized functions that include:

• Reviewing and analyzing medical records
• Conducting client interviews
• Conducting medical literature review
• Identifying medical professional standards of practice
• Identifying and securing expert witnesses 
• Translating healthcare language for attorneys and other legal staff
• Educating attorneys about medical issues
• Providing testimony in court as an expert witness
• Preparing for depositions and trials
• Producing exhibits for trials and depositions
• Serving as a jury consultant for the legal team
• Consulting on product liability cases

It is essential that LNCs accept only those cases in which they have a solid clinical foundation. The LNC performs many functions on behalf of the legal team and its clients. A focus in medical-surgical and/or critical care nursing can prepare the LNC to address issues related to a broad range of legal cases. LNCs may also have specialized nursing experience as well, including orthopedics, obstetrics, neurology, cardiology, oncology, and rehabilitation.

Where Do Legal Nurse Consultants Work?

Legal Nurse Consultants can work in a variety of environments and must evaluate many factors when deciding on a practice environment.

Questions to ask yourself are:

“Do I prefer working alone or do I thrive on consistently working around people?”

“Do I have sufficient financial reserves to manage the inevitable ebb and flow of private practice?”

“Is a smaller, dynamic company my ideal work setting, or do I prefer the structure of a larger corporation or government agency?”

Regardless of the setting, the LNC field offers endless opportunities for professional growth and development. According to the AALNC, potential work environments for the LNC include:

• Business and industry legal departments
• Forensic environments
• Governmental agencies
• Healthcare facilities
• Health maintenance organizations (HMOs)
• Insurance companies
• LNC consulting firms
• Patient safety organizations (PSOs)
• Self-employed independent practices

Legal Nurse Consultant Salary

Legal nurse consultant salaries vary according to practice specialty, level of education and credentials, years of experience, employer size, and geographic location.

The median annual salary for registered nurses was $81,220 per year or $39.05 per hour as of May 2022, according to the Bureau of Labor Statistics (BLS). The BLS doesn't specify salaries for Legal Nurse Consultants, but Payscale reports that their average annual salary in 2023 is $88,048 or $49.63 per hour. 

True professionals, especially those in independent practice, often do not discuss or publicize their rates. In fact, discussing professional rates on email and via social media might be construed as an attempt to price-fix.

LNCs Can Earn 3-4 Times as Much as the Typical Nursing Salary

One experienced LNC pointed out that in the past, the consulting rate for an LNC was considered to be three to four times the hourly rate as the “typical” nursing salary in the same locale, but with increased nursing salaries, a more accurate estimate may be twice the local nursing hourly rate. 1

Evaluate Your Total Compensation 

If you decide to work in an LNC employee role, be sure to evaluate local salary ranges plus any potential total compensation package with a big-picture view.

Does the employer support professional development with tuition support and paid days off? Is health insurance coverage part of the benefits package, and if so, what is your responsibility for self, spouse/partner, and dependent coverage? How many paid days off can employees earn per year?

Finally, be sure to research the cost of living expenses in your area, including housing, taxes, transportation costs, and many other costs.

Legal Nurse Consultant Private Practices 

It’s important to carefully research nursing opportunities in your area to uncover details about job openings and salary potential. If you’re considering opening a private practice, be sure to consider business opportunities in your geographic area, the number of hours you wish to work, and the percentage of time you’ll spend in non-billable activities, such as marketing, invoicing, and other non-revenue-producing activities.

Legal nurse consultants in private practice must develop a multi-faceted business plan that includes an adequate budget for office rent, marketing costs, travel expenses, cost of office equipment and supplies, liability and other insurance premiums, necessary non-billable activities, employee salaries and benefits, and many others.  

How to Become a Legal Nurse Consultant

If legal nurse consulting is your goal, you must first become a registered nurse. To do so, you must take the following steps:

• Graduate from a two-year program for an associate’s degree in nursing, a three-year program for a diploma in nursing (usually hospital-based), or a four-year college or university program leading to a bachelor’s degree in nursing
• Take the RN licensing exam after graduation, also known as the NCLEX (National Council Licensure Examination). The NCLEX is a nationwide examination for the licensing of nurses in the United States and Canada
• Once you pass this exam, you may apply for your first nursing job
• Legal nurse consultants need to have a solid clinical nursing background so that they have an understanding of the medical nuances involved in cases.
• Work in general medical-surgical nursing, as well as specialty areas, including obstetrics, orthopedics, rehabilitation, neurology, cardiology, and others, can provide a solid foundation for the LNC.
• LNCs may also have advanced education, such as a Master’s or doctoral degree. 

>> Explore Legal Nurse Consultant Certification Review Materials* 

Top Legal Nurse Consultant Programs

Methodology

This list is based on a number of factors including:

• NCLEX pass rate
• Acceptance rate, when available
• Only ACEN and CCNE-approved programs are eligible

Nurse Panel

Our selection panel is made up of 3 Registered Nurses with years of experience and multiple degrees:

• Tracy Everhart, MSN, RN, CNS
• Tyler Faust, MSN, RN
• Kathleen Gaines, MSN, BSN, RN, BA, CBC

There are numerous ways to become a legal nurse consultant, but this ranking focuses solely on certifications and courses for existing registered nurses. Because individual nursing pathways and careers take various forms, the top 9 legal nurse consultant programs are ranked in no particular order. 

1. Duke University

• Program Cost: $2,195 (Duke employees are eligible to receive a $200 discount)
• Online: Yes
• Program Length: 1 month

Created for anyone with an active RN license, Duke University's legal nurse consulting program prepares nurses to apply their skills to the legal field. This entirely online program consists of six modules completed over one month. Nurses complete modules synchronously, meaning at the same time, on Thursdays, Fridays, and Saturdays from 8:30-4:00. While the courses cannot transfer into a graduate program or count toward continuing education, it's tough to find a better institution for healthcare education than Duke. 

2. Stony Brook University

• Program Cost: $1,205
• Program Length: 6 months

Offered as a single course, Stony Brook University's legal nurse consultant training is designed for both RNs and PAs. The course takes 42 hours to complete, though it's split into three sessions. Stony Brook designs sessions to take roughly two months, so completed in order this program takes about six months to finish. While long, Stony Brook does offer an incredibly low rate for the course, and nurses have plenty of flexibility with studies during the course. 

3. Louisiana State University New Orleans

• Program Cost: $1800 (when paid in full at beginning of the course)
• Program Length: Varies (self-paced)

Louisiana State University New Orleans' legal nurse consultant course comes entirely online and is self-paced, meaning nurses can finish the course as quickly or slowly as they'd like. The 10 module course also counts as 100 CNE credits which nurses earn at the end of the course. Upon finishing the modules, nurses also receive a certificate of completion. Students also have the option of completing a two-day preceptorship, a show of an active legal nurse consultant in New Orleans, Louisiana. The combination of price, exposure, flexibility, and CNE opportunities make this an excellent option. 

4. Florida Atlantic University

• Program Cost: $1,000
• Program Length: 8 weeks

With one of the most affordable legal nurse consultant certificate programs, Florida Atlantic University attracts nurses from across the nation. The online program requires an active RN license and three years of clinical nursing experience, so only experienced nurses may apply. This eight-week program also counts as 33 continuing education credits and prepares nurses to take the Legal Nurse Consultant Certified exam. The cost alone makes this a great option, both for the certificate and continuing education credits. 

5. University of Georgia

• Program Cost: $1,195
• Program Length: 2 months

Available to both RNs and PAs, the University of Georgia's legal nurse consultant training prepares students to take and pass the Legal Nurse Consultant Certified exam. The program uses bi-monthly start dates with six start date options throughout the year, and students complete their courses online. The program requires 42 hours to complete and counts toward 4.2 continuing education credits. This quick, affordable program requires a much lower time commitment than other options on this list. 

6. California State University Long Beach

• Program Length: 7 weeks

California State University Long Beach's legal nurse consultant training course comes entirely online, so nurses won't get to relocate to Southern California for seven weeks. However, the program is great for anyone interested in a career as a legal nurse consultant. The program requires nurses to pass several exams to earn the certificate, and CSU Long Beach estimates the program takes 42 hours, good for 4.2 hours of continuing education credits. 

7. Wilmington University

• Program Cost: $7,320
• Online: Classroom or Online
• Program Length: 15 weeks

As a post-baccalaureate program, Wilmington University's legal nurse consultant certificate requires that nurses first complete a BSN. However, the program does allow for online study, and nurses can use all credits completed in the program toward a graduate degree. Because the program uses actual college courses and credits, the cost is steeper than other programs. Anyone interested in becoming a legal nurse consultant and potentially earning an MSN could get a head start through Wilmington. 

8. University of Rochester

• Program Cost: $10,080 
• Online: Hybrid

Perhaps the most comprehensive of all legal nurse consultant programs on this list, the University of Rochester's legal nurse consultant course combines online classes with a 168-hour internship. Nurses in the program finish with over 2,000 hours of practice and can become a Legal Nurse Consultant Certified. Because the program utilizes a mandatory internship, nurses need to complete at least some of the program in-person. Also, credits completed could transfer into a degree program. 

9. University of Arizona

The University of Arizona offers a seven-week legal nurse consultant training course designed for RNs and PAs. Like other programs, this option comes entirely online and offers six different start dates throughout the year. The course takes an estimated 42 hours to complete. While the cost is higher than similar options, students could take advantage of Arizona's extensive network.  

Legal Nurse Consultant Certifications

Although it is not required, LNCs who wish to demonstrate their commitment to the profession and best practices in legal nurse consulting may decide to get their legal nurse consultant certification through the American Association of Legal Nurse Consultants (AALNC).

This credential is accredited by the American Board of Nursing Specialties (ABNS), and is comparable to recognized nursing credentials such as RNC, CCRN, CEN, CPN, and CCRN.

By taking a national exam, LNCs demonstrate their commitment to achieving and maintaining the highest standards of practice in the field. A number of organizations offer courses and certificates in legal nurse consulting, however certification through the AALNC is the only credential that compares to those available in clinical specialties. The designation for an LNC certified through the AALNC is LNCC.

Requirements to sit for the certification exam include:

• Current licensure as an RN in the U.S. or its territories (full and unrestricted license)
• A minimum of five years practicing as an RN
• At least 2000 hours of documented LNC experience within the past three years

The Bureau of Labor Statistics predicts that nursing employment will grow at a rate of 6 percent through 2032. Plus, nurses who are nearing retirement and the growing health demands of the baby boomer generation, are causing a current and predicted future nursing shortage.  

The field of legal nurse consulting is unique, and therefore difficult to predict the demand. Carefully research your local market and the potential opportunities it offers, including the density of potential employers and clients discussed.

There are many sources that can help you find out more about legal nurse consulting. The American Association of Legal Nurse Consultants offers a number of publications as well as an official publication, the Journal of Legal Nurse Consulting , which is available at no cost to AALNC members and the general public.

In addition to the American Association of Legal Nurse Consultants, a number of other organizations also provide information about the role of the LNC and/or nursing and legal issues:

• American Association of Nurse Attorneys
• American College of Legal Nurse Consulting
• Vickie Milazzo Institute, National Alliance of Legal Nurse Consultants
• American Society of Law, Medicine & Ethics
• Nurse Theory/Legal Nurse
• LNCExchange

It is also helpful to network and ask for introductions to currently practicing LNCs. Your local chapter of the American Association of Legal Nurse Consultants can be a starting point for finding a contact that may even become a professional mentor.

Legal Nurse Consultant Jobs

Many sources can get you started in your search for LNC opportunities.

First, check the “Careers” pages of websites of medical malpractice firms and LNC consulting firms that interest you. Many online resources are available for job searches, including nursing social media sites, career sites, and dedicated nursing career sites like our own nurse.org job board .

You may want to join your local AALNC chapter and pursue networking opportunities, and/or place your name in the online marketing database on the AALNC website so that attorneys may search at no charge an LNC with specific expertise or to be an expert witness. 

Legal nurse consulting can be a fulfilling and rewarding career, both professionally and financially. To be a successful LNC requires developing top-notch medical research skills, honing analytical and problem-solving skills, excellent communication abilities (both written and oral) and the ability to juggle multiple priorities while maintaining professional and personal composure.

Achieving certification in the field demonstrates that you’ve achieved a level of competence that is measured by a national examination and opens doors to further opportunities. Legal nurse consultants can look forward to a career that is ever-changing as trends in medical and legal practice constantly evolve.

What is a common responsibility of a legal nurse consultant? 

•  LNCs assist with legal cases by analyzing medical records involved in a case and delivering their official professional opinion on those records. 

What’s the difference between CLNC and LLNC? 

• LNCC certification is issued by the Accreditation Board for Specialty Nursing Certification (ABSNC) and requires passing an exam along with a minimum of five years of experience as an RN and 2,000 hours of working as an LNC within the past 5 years. A nurse can become a CLNC (Certified Legal Nurse Consultants) after taking a 6-day program and passing an exam. No experience is required. 

How much do legal nurse consultants make? 

• Pay varies based on certification, experience, and type of case, but it can range from $20-$60/hour to upwards of $200/hour.

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Sources: 1. Iyer P. Creating a strong fee schedule and contract, The Journal of Legal Nurse Consulting; 26(1) 2015: 12-15.

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How to Start a Nurse Consulting Business

Below you will learn the key steps to starting a nurse consulting firm.

10 Steps to Starting a Legal Nurse Consulting Firm

1. conduct market research to determine demand.

An important step to starting a legal nurse consulting practice is conducting market research. To begin, you must learn what services your clients want and how much they are willing to pay for them. There are two ways you can go about conducting this research:

• Survey your target market . This can be done by sending out a survey to nurses in your area or by posting it on social media.
• Look for industry trends . Keep an eye on what’s happening in the nursing industry and look for opportunities to offer services that aren’t being offered by other legal nurse consultants.

Once you have analyzed the survey data, determine which types of businesses are likely to hire you and how much they are willing to pay. Use this information to set your consulting prices.

2. Name Your Nurse Consulting Firm

Once you have analyzed your market and determined what services clients want, it’s time to name your nurse consulting firm. While naming a business can be difficult, there are a few rules of thumb to keep in mind:

• Keep it Short : Your business name needs to be short enough for clients to remember and say.  
• Keep it Relevant : Your business name should be relevant to the nurse services you offer and your target market’s needs.
• Keep it Memorable : Using clever ideas and words, help your audience connect with your business.
• Focus on Your Target Market :  Make sure that whoever sees or hears your company name understands who you are targeting as clients.

Read our article about choosing the right business name .

3. Choose Your Business Structure and Set-Up Your Company’s Legal Entity

As with any business, the type of legal entity you set up is critical.  After all, you want your company to be treated as a separate entity, not just an extension of yourself.  There are several types of structures in which you can start your nurse consulting company. Three popular options are sole proprietorship, S-corporation and LLC (limited liability company).

• Sole Proprietorship :  A sole proprietorship is one in which the business and the owner are considered to be one entity. Therefore, you are personally responsible for all debts and liabilities your nurse consulting firm may incur. One benefit of this type of structure is that it’s easy to set up and there are no formal filings required.
• S-Corporation : An S corporation is a type of C Corporation that was designed by the IRS to help small corporations minimize their paperwork while still gaining many of the tax benefits of incorporating. It also offers protection for business owners in case of lawsuits and other liabilities.
• Limited Liability Company (LLC) :  An LLC is a structure in which the company is considered a separate legal entity from its owners. This means that the company is responsible for its own debts and liabilities. This type of structure offers protection for business owners in case of lawsuits.

Read our article comparing the most common consulting business structures .

4. Write a Nurse Consulting Business Plan

A business plan is a document that outlines your business goals, strategies, and how you plan to achieve them. For a nurse consulting company, your business plan should include the following:

• Business Description : Describe what your company does, who your target market is, and how you will differentiate yourself from the competition.
• Industry & Market Analysis : Detail your research on the industry and what services clients are most likely to want.
• Financial Plan : Outline your estimated income and expenses for the next three to five years.

Other sections of your plan will answer other key questions such as the following:

• What are your areas of expertise?
• What services can you offer your clients?
• Who is your target audience?
• How will you differentiate yourself from the competition?

Your business plan should also include several sections that detail your company’s history, current financial situation, and future goals. These sections will allow an investor to learn more about your company before they commit to investing in it.

Read our article about how to write a consulting business plan .

5. Apply for the Necessary Permits and Licenses

You must register your nurse consulting business as a legal entity with the state in which you plan to do business.

To file your business with the state, obtain the necessary forms from the Secretary of State’s website or local County Clerk’s office. You will be required to pay a small fee for filing your business with the state.

Registering with the federal government may or may not be required. You can register your business on the federal level by obtaining an Employer Identification Number (EIN) from the IRS.

Read our article about obtaining the proper consulting business licenses .

6. Determine Your Budget & Apply for Funding as Needed

As with any business, you will need to use your own capital to finance the initial stages of your nurse consulting company.  Your budget may also include several other costs including marketing expenses and the salary you wish to pay yourself.  

After determining how much money you will invest in starting your business, review some options for financing your business.  Here are several financing options that may be available to you:

• SBA Loans : The Small Business Administration (SBA) is a government agency that provides financial assistance to small businesses in the U.S.  
• Bank Loans : Many small business owners are able to secure loans from their local banks. Often, you can borrow money for any purpose that relates to the growth of your company.
• Friends and Family : You can consider getting loans and/or equity investments from friends and family members..
• Angel investors : Angel investors may provide debt or equity funding to you.

Read our article about the costs associated with starting a consulting business to help you determine if funding is needed.

7. Get the Technology & Software Needed to Run Your Nurse Consulting Company Efficiently

As a nurse consulting firm, you will need different types of technology to complete projects and keep track of your company’s operations. To simplify the process of starting a consulting business, we’ve provided a list below detailing some items that you’ll need:

Computers : Even if most of your work is done remotely with clients on the other side of the country or world, you will need at least one computer that is dedicated to your nurse consulting company.

Software : Software is an essential component of any consulting business. The right software can help you manage projects, track expenses, and communicate with clients more effectively.

Here are some popular software platforms that may be beneficial to your business:

• Microsoft Office : This software suite includes a variety of applications that can help you manage your company, including Word, Excel, and PowerPoint.
• QuickBooks : This software is designed for small businesses and can help you track income and expenses, create invoices, and manage payroll.
• Basecamp : This project management software can help you manage multiple projects simultaneously and keep track of deadlines and milestones.
• Gmail : Google’s email platform offers several features that can be helpful for businesses, including the ability to access the same email from multiple devices.
• CRM : Customer relationship management software can help you track customer communication, manage leads, and create reports that detail your sales activities.

Other nurse consulting software may include time tracking software, medical billing software, and EMR/EHR software.

Read our article about the technology and software you need to run a consulting business .

8.  Market Your Nurse Consulting Firm to Potential Clients

Once you’ve established your nurse consulting company, the next step is to market it to potential clients.

Here are some common marketing strategies used for nurse consulting firms:

• Networking : Meeting people in person and building relationships is an essential part of marketing your business. Attend local networking events, join relevant online groups, and connect with potential clients on social media.
• Website : A professional website is a must for any nurse consulting firm. It should include an overview of your company’s services, biographies of the team members, case studies, and client testimonials.
• Marketing Materials : Creating high-quality marketing materials (e.g., brochures, fact sheets, white papers) can help you generate leads and explain the benefits of your services to potential clients.
• Online marketing : Marketing your business online, such as through a business website and pay-per-click and/or social media marketing, can help you reach a larger audience looking for your services.

You should also consider ways to incentivize potential clients to choose you over another nurse consulting firm. Some incentives that work well include:

• Lower rates : Many consulting businesses offer lower rates on their services to attract new clients.
• Discounts on services : Offering discounts on certain projects may help you win bids against other companies.
• Free consultation : Providing potential clients with a free consultation can help them determine if your company is the best one for their needs.

Learn more about how to market your consulting business .

9.  Establish a Price Structure and Billing System

There are a few factors to consider when establishing your price structure:

• Hourly rates : Charging by the hour is a common way to price consulting services. This allows clients to budget for your services and gives you the flexibility to charge more for complex projects.
• Project rates : Charging a flat fee for a project can be beneficial for both the client and the consultant. It ensures that the client knows what they are paying upfront, and it allows the consultant to charge more for more complex projects.
• Retainers : A retainer is a set amount of money that the client pays upfront for services. This can be a good option for clients who need regular consulting services.

No matter which pricing structure you choose, be sure to clearly communicate it to your clients. Additionally, have a detailed invoice template that includes all the nurse services you provided so the client knows exactly what they are paying for.

10.  Manage Client Relationships and Deliver Projects

After finding new clients and marketing your nurse consulting business, you should begin delivering the projects and getting paid. This means managing client relationships and making sure that clients are happy with your work. Some of the ways to manage relationships with your nurse clients include:

• Regular communication : Keep in touch with your clients on a regular basis, whether it’s through email, phone calls, or face-to-face meetings. This will help you stay on top of their needs and ensure that they are satisfied with your services.
• Project updates : Send project updates to your clients regularly, letting them know how the project is going and what you have accomplished so far.
• Client feedback : Get feedback from your clients after every project to ensure that they are happy with the results. Use this feedback to improve your services and make sure that you are meeting their needs.

Delivering projects on time and within budget is essential to keeping your clients happy. Here are a few tips for doing so:

• Create a project plan : A project plan will help you stay on track and ensure that all the necessary steps are taken to complete the project on time and within budget.
• Set deadlines : Meet with your clients to set deadlines for each stage of the project. This will help you stay on schedule and meet their expectations.
• Track expenses : Keep track of all the expenses associated with the project, so you can stay within budget.

Delivering projects on time and within budget is essential for a nurse consulting firm. It can be beneficial to create a project management plan that outlines how each project will be completed. This will help ensure that all deadlines are met and that the client is happy with the final product.

Learn more about how to effectively manage client relationships .

Starting a Nurse Consulting Firm FAQs

Why start a nurse consulting firm.

Starting a nurse consulting firm is an excellent way to generate income while assisting patients and healthcare professionals in times of need. As a nurse consultant, you also have the freedom to set your own hours and build your company environment as you prefer.

What is Needed to Start a Legal Nurse Consulting Firm?

In order to start a nurse consulting firm, you will need:

• A registered nurse license
• Expertise in a clinical area
• Business knowledge and experience
• Marketing skills

What are Some Tips for Starting a Nurse Consulting Company?

The following tips can help you to start a nurse consulting company:

• Choose a niche : When starting a business, it is important to choose a niche market to target. This will help you to focus your marketing efforts and provide specialized services to your clients.
• Establish yourself as an expert : In order to be successful as a nurse consultant, it is important to establish yourself as an expert in your field. You can do this by writing articles, giving presentations, and networking with other healthcare professionals.
• Develop a business plan : A business plan is essential for any business, and a nurse consulting firm is no exception. A business plan will help you to outline your goals and how you intend to achieve them.
• Market your business : Marketing is essential for any business, and a nurse consulting firm is no exception. You will need to create a marketing plan that outlines how you will reach your target market.
• Offer training and education services : One way to grow your nurse consulting firm is to offer training and education services to nurses and other healthcare professionals. This can help you to build a reputation as an expert in your field.

Legal Nurse Consulting Business Idea Description in 5 W’s and 1 H Format

By henry sheykin, resources on legal nurse consulting.

• Financial Model
• Business Plan
• Value Proposition
• One-Page Business Plan
• SWOT Analysis
• Business Model
• Marketing Plan

In today's fast-paced legal world, an emerging and lucrative business idea is taking shape: Legal Nurse Consulting. In this dynamic field, a team of highly skilled and experienced Legal Nurse Consultants (LNCs) harnesses their specialized healthcare knowledge to support the legal industry. Whether it's meticulously reviewing medical records, providing invaluable expert witness testimony, conducting comprehensive research, or assisting in case management, these LNCs offer an indispensable service that is in high demand. With the United States as its primary market, this business caters to law firms, insurance companies, and healthcare providers, delivering critical insights and expertise in the ever-evolving landscape of medical and healthcare-related legal cases. The US market, witnessing a remarkable surge in the complexity of such cases, has seen an upward trend in the demand for LNCs. According to the latest statistical data, the size of the US legal nurse consulting market is valued at an impressive figure. By forming strategic partnerships, carefully assigning LNCs based on their areas of expertise, and leveraging advanced technology for seamless collaboration and data sharing, this venture ensures unparalleled efficiency and efficacy in delivering top-notch legal nurse consulting services.

Key Takeaways:

• A team of experienced Legal Nurse Consultants (LNCs) provides specialized healthcare knowledge to the legal industry.
• Services include reviewing medical records, providing expert witness testimony, conducting research, and assisting in case management.
• The business operates in the United States, primarily serving law firms, insurance companies, and healthcare providers.
• The demand for LNCs' expertise has been steadily growing due to the increasing complexity of legal cases involving medical and healthcare aspects.
• The venture establishes partnerships, assigns LNCs based on expertise, and utilizes advanced technology for efficient collaboration and data sharing.

The hypothetical Legal Nurse Consulting business idea involves a team of experienced Legal Nurse Consultants (LNCs) who possess extensive knowledge and expertise in medical and healthcare practices. These LNCs are highly skilled professionals with backgrounds in nursing and legal fields. They have obtained relevant certifications and have years of practical experience in the legal industry.

Major Players

The major players in this business are the Legal Nurse Consultants (LNCs) who form the core team of experienced professionals. They are responsible for providing the Legal Nurse Consulting services to law firms, insurance companies, and healthcare providers.

Owners and Personnel

The business is owned and operated by a team of individuals with a background in nursing, law, and business management. The owners actively participate in the business's strategic decisions and oversee the overall operations. In addition to the owners, the business employs a team of Legal Nurse Consultants (LNCs) who work directly with clients to provide the necessary services.

The business may seek guidance from industry experts and legal professionals who act as advisors. These advisors provide insights and recommendations on industry trends, legal practices, and business strategies, assisting the business in staying ahead of the competition and continuously improving its services.

The primary customers of this business are law firms, insurance companies, and healthcare providers. Law firms seek the expertise of Legal Nurse Consultants (LNCs) to assist them in handling cases involving medical malpractice, personal injury, product liability, and other legal matters requiring healthcare knowledge. Insurance companies may engage the services of LNCs to review medical claims and provide expert opinions. Healthcare providers may also require LNCs' assistance in reviewing medical records or conducting research related to legal cases.

Competition

The Legal Nurse Consulting industry is competitive, with several firms offering similar services. Competitors may include established consulting firms specializing in healthcare or legal services, as well as independent Legal Nurse Consultants. However, the hypothetical business aims to differentiate itself by emphasizing the extensive knowledge and expertise of its LNCs, as well as its track record of successful case outcomes. Developing strong relationships with clients and providing exceptional customer service are also key strategies to stay ahead of the competition.

Target Audience

The target audience for this business plan is primarily investors and lenders who are interested in supporting and funding the development and growth of the Legal Nurse Consulting venture. The plan provides a comprehensive overview of the business idea, its market potential, and financial projections, aiming to attract potential investors who recognize the value and profitability of specialized healthcare knowledge in the legal industry.

The business idea revolves around providing Legal Nurse Consulting services to law firms, insurance companies, and healthcare providers. LNCs offer a comprehensive range of services, including but not limited to reviewing medical records, providing expert witness testimony, conducting research, and assisting in case management. Their primary objective is to assist attorneys in handling cases involving medical malpractice, personal injury, product liability, and other legal matters requiring healthcare knowledge.

What do you want to achieve?

The main goal of our Legal Nurse Consulting business is to bridge the gap between the medical and legal fields and provide valuable insights and assistance to attorneys. We aim to help attorneys effectively handle cases involving medical malpractice, personal injury, product liability, and other legal matters requiring healthcare knowledge. By doing so, we strive to contribute to successful case outcomes for our clients.

What is your sustainable advantage?

Our sustainable advantage lies in the team of highly skilled and experienced Legal Nurse Consultants (LNCs) who possess extensive knowledge and expertise in medical and healthcare practices. With backgrounds in nursing and legal fields, our LNCs have obtained relevant certifications and have years of practical experience in the legal industry. This combination of medical and legal knowledge sets us apart from competitors and allows us to provide unique insights and assistance to our clients.

What do you offer?

We offer a wide range of Legal Nurse Consulting services, including:

• Reviewing medical records to identify pertinent information and potential issues
• Providing expert witness testimony to support legal cases
• Conducting research on medical and healthcare practices relevant to legal cases
• Assisting in case management, including organizing and analyzing medical evidence
• Advising attorneys on medical terminology, standards of care, and healthcare regulations

Through these services, we aim to provide comprehensive support to attorneys and contribute to the successful resolution of legal cases involving medical and healthcare aspects.

What do you produce?

As a Legal Nurse Consulting business, we produce expert analysis, reports, and recommendations based on our review of medical records, research, and collaboration with attorneys. Our LNCs produce valuable insights into the medical and healthcare aspects of legal cases, helping attorneys build strong arguments and make informed decisions throughout the litigation process. Additionally, our LNCs may produce expert witness testimony and provide support in case management, assisting in the production of well-prepared legal strategies.

What are your business objectives?

Our short-term business objective is to establish ourselves as a trusted partner in the legal industry and gain a strong foothold in the market. We aim to attract reputable law firms, insurance companies, and healthcare providers as our clients and build long-lasting partnerships.

In the long term, we aspire to expand our client base and further strengthen our reputation as leaders in the Legal Nurse Consulting industry. We aim to consistently provide high-quality services, exceed client expectations, and contribute to positive case outcomes. Moreover, we have set a target to achieve $500,000 worth of services sold by the end of the second month, demonstrating our commitment to growth and profitability.

The Legal Nurse Consulting business is based in the bustling city of New York, which serves as a hub for legal activities and houses numerous law firms, insurance companies, and healthcare providers.

Location of the business:

The business is currently operating from its office located at:

Target Audience:

The target audience for the Legal Nurse Consulting services primarily includes law firms, insurance companies, and healthcare providers across the United States.

New Opportunities:

The business aims to expand its reach and establish partnerships with a wider range of legal firms, insurance companies, and healthcare providers throughout the United States. By connecting with organizations in different states, the business can tap into various markets and cater to a larger client base.

Getting from where we are now to where we want to be:

To achieve our goals, the business focuses on building strong partnerships and networking with various entities in the legal, insurance, and healthcare sectors across the United States. By actively participating in industry events, conferences, and seminars, the business aims to create awareness about its expertise and services, attracting new clients and strengthening existing relationships. Additionally, the business utilizes digital marketing strategies and online platforms to reach a wider audience and establish a strong online presence.

As the demand for Legal Nurse Consulting services continues to rise, the business plans to expand its team of LNCs, ensuring a diverse range of expertise and the ability to handle complex cases in different legal areas. The business continuously invests in professional development and staying up-to-date with the latest medical and legal practices, guaranteeing that the LNCs possess the necessary skills and knowledge to provide exceptional consulting services to their clients.

The business envisions opening additional branch offices in key locations across the United States to establish a physical presence in different regions while catering to the specific needs of local clients. By expanding its geographical reach, the business can better serve a diverse range of clients and tap into new opportunities.

The hypothetical Legal Nurse Consulting business idea aims to meet particular goals and objectives within specific timeframes. The plan is to start the business in the year 2023 and put the business plan into action immediately. The company has been successfully providing Legal Nurse Consulting services since its inception in 2023, and it has experienced consistent growth and expansion year after year.

Short-Term Objectives

• Within the first year of operation, the business aims to establish strong partnerships with at least five reputable law firms, insurance companies, and healthcare providers in the United States.
• The team of Legal Nurse Consultants (LNCs) will actively promote their services and aim to secure at least 20 clients within the first year.
• The LNCs will undergo continuous professional development to stay up-to-date with the latest medical and legal practices.

Medium-Term Objectives

• By the end of the third year, the business plans to expand its client base and establish a strong presence in major cities across the United States, including Los Angeles, Chicago, and Washington, D.C.
• The company aims to diversify its services by offering specialized consulting in healthcare compliance and risk management.
• The team of LNCs will conduct research and publish informative articles and whitepapers to establish themselves as thought leaders in the Legal Nurse Consulting industry.

Long-Term Objectives

• Within five to seven years of operation, the business aspires to become the leading provider of Legal Nurse Consulting services nationwide, setting the industry standard for quality and expertise.
• The team of LNCs will expand their geographical reach by offering consulting services to international clients, leveraging technology and remote work capabilities.
• The venture plans to establish a training academy to offer certifications and advanced courses in Legal Nurse Consulting, further enhancing the professional development opportunities for LNCs.

The retirement strategy for the company is based on the long-term vision of sustained growth and expansion. The founder and owner of the business envision retiring from the company in the year 2045, after more than two decades of successful operation. At that point, the plan is to sell the firm and transition ownership to a qualified and enthusiastic individual or entity who can continue its legacy. The timeline for selling the firm may vary depending on market conditions and opportunities, but the objective is to complete the transition within a reasonable timeframe, ideally within a year or two of the planned retirement.

Overall, the Legal Nurse Consulting business is designed for long-term sustainability and success, with a clear vision of achieving objectives at various stages of its growth. The strategic timing for retirement and exit strategy ensures a smooth transition of ownership and the continuation of high-quality services to clients in the legal industry.

Customers choose our Legal Nurse Consulting services for several key reasons. Firstly, our team of experienced Legal Nurse Consultants (LNCs) possess extensive knowledge and expertise in medical and healthcare practices. With backgrounds in nursing and legal fields, our LNCs have obtained relevant certifications and have years of practical experience in the legal industry. This expertise sets us apart from our competitors and allows us to provide exceptional quality service.

Furthermore, our LNCs offer a comprehensive range of services including reviewing medical records, providing expert witness testimony, conducting research, and assisting in case management. This allows attorneys to have a one-stop solution for their cases involving medical malpractice, personal injury, product liability, and other legal matters requiring healthcare knowledge. By offering a holistic approach to legal nurse consulting, we save our clients time and effort in sourcing multiple experts.

Moreover, our business is driven by a strong mission to bridge the gap between the medical and legal fields. We believe that successful legal outcomes require specialized healthcare knowledge, and our LNCs have the skills and expertise to provide valuable insights and assistance to attorneys. Our mission is to ensure that our clients receive the best possible support to handle complex and challenging cases in an efficient and effective manner.

Another reason customers choose our services is our commitment to continuous professional development and staying up-to-date with the latest medical and legal practices. Our LNCs undergo regular training and education to ensure that they are well-informed and equipped to provide the most current and relevant assistance to our clients.

Unique Value Proposition

What sets us apart from our competitors is our team of highly skilled and experienced LNCs. Unlike other legal nurse consulting firms, we have a rigorous selection process to ensure that our consultants are not only knowledgeable in both medical and legal fields, but also possess practical experience in the legal industry. Our LNCs have a deep understanding of the complexities and nuances of medical and healthcare practices, allowing them to provide comprehensive and accurate support to attorneys.

In addition, our commitment to customer satisfaction is unparalleled. We understand that each case is unique and requires customized solutions. Our LNCs work closely with our clients to fully understand their needs and tailor their services accordingly. We prioritize effective communication and collaboration, utilizing advanced technology and secure communication channels to ensure seamless interaction between our consultants and clients.

Furthermore, our extensive network of partnerships with law firms, insurance companies, and healthcare providers across the United States allows us to have a broad reach and cater to the diverse needs of the legal industry. Our strong relationships enable us to quickly and effectively match the right LNCs to the specific requirements of each case, ensuring that our clients receive the best possible support.

Mission Statement

Our mission is to provide exceptional Legal Nurse Consulting services that bridge the gap between the medical and legal fields, helping attorneys achieve successful outcomes in cases involving medical malpractice, personal injury, product liability, and other legal matters requiring healthcare knowledge. We are committed to continuous professional development, staying up-to-date with the latest medical and legal practices, and delivering exceptional value and service to our clients.

The structure of our Legal Nurse Consulting business will be a limited liability company (LLC). We have chosen this structure because it offers the advantages of limited liability protection for the owners while providing flexibility in management and tax benefits. As a team of experienced Legal Nurse Consultants (LNCs), we value the protection of personal assets and believe an LLC is the most suitable option for our business.

We engage with a business attorney who advises us on registration procedures, rules, and liabilities specific to our industry. This ensures that we comply with all legal requirements and operate within the boundaries of the law. Our business attorney also assists us in drafting contracts and agreements to protect our interests and maintain strong client relationships.

Hiring and Objectives

To achieve our company objectives, we have built a team of highly skilled and experienced Legal Nurse Consultants. Each consultant possesses specialized knowledge and expertise in medical and healthcare practices. By hiring a team of dedicated professionals, we ensure that we can efficiently handle the increasing demand for our services and provide the highest level of support to our clients.

Our objectives include expanding our client base, establishing long-term partnerships with law firms, insurance companies, and healthcare providers, and continuously maintaining and enhancing our expertise in the legal and medical fields. To accomplish this, we have implemented a strategic marketing plan to reach potential clients and showcase our unique value proposition.

We also invest in continuous professional development for our team, encouraging them to participate in relevant seminars, conferences, and training programs. Staying up-to-date with the latest medical and legal practices allows us to provide cutting-edge insights and assistance to attorneys, enabling successful case outcomes.

Vision for the Future

Our vision is to become the leading provider of Legal Nurse Consulting services nationwide. We aim to be recognized for our unmatched expertise, professionalism, and commitment to delivering exceptional value to our clients. By continuously adapting to the changing landscape of the legal industry and investing in the growth and development of our team, we envision expanding our reach and serving as trusted partners for attorneys, insurance companies, and healthcare providers across the United States.

• Expand our service offerings to encompass additional legal areas requiring healthcare knowledge.
• Establish regional offices in key cities across the country to better cater to the localized needs of our clients.
• Forge strategic alliances with other professionals in the legal and medical fields to further enhance our capabilities and provide comprehensive solutions.
• Maintain a culture of excellence, innovation, and collaboration within our organization, fostering a conducive environment for continuous growth and learning.
• Build enduring relationships with our clients, based on trust, reliability, and surpassing their expectations.

Through these initiatives, we will position ourselves as the go-to resource for Legal Nurse Consulting needs and redefine the standards of excellence in our industry.

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If you’re a Registered Nurse that’s interested in learning how the legal and medical worlds collide, then exploring a career in legal nurse consulting may be right for you! Legal nurse consultants (LNCs) are healthcare professionals that offer attorneys their consulting services to assist with cases involving medical issues. 

Legal nurse consultants provide their services in a plethora of ways. Some of the most common LNC services include: 

• Case Merit Review 
• Client Interviews 
• Medical Record Examination 
• Locating/Acting As Expert Witness 
• Medical Jargon Translation 
• Creating Timelines
• Auditing Medical Bills, etc. 

Shaun Sever is a certified legal nurse consultant and the founder of SPLNC . Starting her business from scratch, Shaun shared a few pro tips for other nurses looking to start their own practices, one being, stay persistent ! Accounting persistence is the driving force to make LNC a business (not just a side hustle) Shaun explains that it takes time and effort to build your nursing business, so be patient while you keep the pressure on. 

“ A river cuts through rock, not because of its power, but because of its persistence .”–James N. Watkins 

Here are some other practical tips for getting your legal nurse consulting business off the ground: 

• Establish a workplace free of distractions where you can focus on growing your business and conducting your services. 
• Use every opportunity to network with other LNCs and attorneys that can utilize your services. 
• Set up long-term goals for your business and stick to a plan to make them a reality! 
• Use social media platforms to your advantage! You can connect with leads via Facebook, LinkedIn, Instagram, and other popular platforms.
• Learn from other legal nurse consultants–ask questions and soak up their advice! 
• Build authority in the legal nurse consulting industry through education. Pro tip: starting a blog is never a bad idea. 
• It’s OK to subcontract work to other legal nurse consultants. If you’re not an expert on a certain case, bring someone in who is. 
• Seek further education and certification if necessary. There’s always more to learn!
• Develop a realistic marketing strategy that’s tailored to your target audience. 
• Don’t let your legal nurse consulting business take over your life. There’s a time to work and a time to rest, good work-life balance is key.

Are you interested in pursuing a career as a legal nurse consultant? At NursePreneur we give you a blueprint to success for starting your own LNC practice. Now’s the time to take control of your career and be your own boss! Contact us today to learn more. 

You can also check out my conversation with Shaun Sever here or visit https://www.splegalnurse.com/ to connect with Shaun directly.

Whenever you’re ready, here are the ways we can help you…

Join our Business + Marketing Facebook group:

The NursePreneurs Community is exclusively for nurses who are looking to create and scale their business.

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Visit our YouTube Channel which is about business + marketing for nurses:

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Here is a free business plan sample for a legal consulting services.

If you're passionate about the intricacies of the legal world and are considering launching your own legal consultancy, you've landed on the perfect page.

In the content that follows, we will present to you a comprehensive sample business plan tailored for a legal consultancy firm.

As an aspiring legal consultant, you're likely aware that a meticulously formulated business plan is a cornerstone of any successful venture. It serves as a roadmap, outlining your professional objectives, strategies, and the framework for your consulting services.

To streamline your planning process and ensure you're on the path to success, you can utilize our legal consultancy business plan template. Additionally, our team of experts is available to review and refine your plan at no extra cost.

How to draft a great business plan for your legal consulting services?

A good business plan for a legal consultancy must reflect the unique aspects of the legal industry.

To start, it is crucial to provide a comprehensive overview of the legal market. This includes current statistics and identifying emerging trends within the legal field, as illustrated in our legal consultancy business plan template .

Then, you must articulate your business concept effectively. This encompasses your mission, pinpointing your target clientele (such as small businesses, corporations, or individuals), and the distinctive services your legal consultancy offers (like specialized legal advice, compliance services, or intellectual property management).

The market analysis section should delve into a thorough understanding of the competitive landscape, legal service trends, and client needs.

For a legal consultancy, particular emphasis should be placed on the services you plan to provide. Detail your service offerings - contract drafting, legal audits, dispute resolution, etc. - and explain how they cater to the requirements and challenges faced by your target clients.

The operational plan is equally important. It should outline the location of your consultancy, the structure of your legal team, partnerships with other legal professionals, and your approach to case management.

In a legal consultancy, it is vital to highlight your team's expertise, confidentiality policies, and adherence to legal and ethical standards.

Then, address your marketing and client acquisition strategy. How will you build your client base and ensure client retention? Consider networking strategies, reputation management, and client service excellence.

Adopting digital strategies, such as a professional website or an online legal resource center, is also crucial in the modern marketplace.

The financial plan is another critical component. This should include your startup costs, revenue projections, operating expenses, and the point at which you expect to break even.

In a legal consultancy, understanding your cash flow is essential, as billing cycles can be lengthy and contingent on case outcomes. For this, you may refer to our financial forecast for a legal consultancy .

Compared to other business plans, a legal consultancy's plan must pay closer attention to regulatory compliance, professional liability insurance, and the potential for cyclical demand based on legal trends.

A well-crafted business plan will not only help you to define your strategy and approach but also to attract clients or secure funding.

Lenders and clients seek robust market analysis, sound financial projections, and a clear understanding of how the consultancy will manage its caseload and client relationships.

By presenting a detailed and substantiated plan, you showcase your professionalism and dedication to the success of your consultancy.

To achieve these goals while saving time, you are welcome to fill out our legal consultancy business plan template .

A free example of business plan for a legal consulting services

Here, we will provide a concise and illustrative example of a business plan for a specific project.

This example aims to provide an overview of the essential components of a business plan. It is important to note that this version is only a summary. As it stands, this business plan is not sufficiently developed to support a profitability strategy or convince a bank to provide financing.

To be effective, the business plan should be significantly more detailed, including up-to-date market data, more persuasive arguments, a thorough market study, a three-year action plan, as well as detailed financial tables such as a projected income statement, projected balance sheet, cash flow budget, and break-even analysis.

All these elements have been thoroughly included by our experts in the business plan template they have designed for a legal consultant .

Here, we will follow the same structure as in our business plan template.

Market Opportunity

Market data and figures.

The legal consulting market is a robust and essential sector within the professional services industry.

Recent estimates value the global legal services market at approximately 850 billion dollars, with projections indicating steady growth in the coming years. This is driven by an increase in legal complexities, regulatory changes, and the globalization of business operations.

In the United States, there are over 1.3 million licensed attorneys, contributing to a legal services market that generates an estimated annual revenue of over 300 billion dollars.

These figures underscore the critical role legal consultants play in the business ecosystem and their substantial contribution to the economy.

The legal industry is experiencing significant shifts, with trends that emphasize efficiency, accessibility, and specialization.

Technology adoption is on the rise, with law firms and legal consultants leveraging artificial intelligence, legal tech software, and online platforms to streamline operations and offer more cost-effective services.

There is also a growing demand for niche legal expertise, particularly in areas such as cybersecurity, data privacy, intellectual property, and environmental law, reflecting the evolving landscape of business risks and regulatory requirements.

Alternative legal service providers (ALSPs) are gaining traction, offering a range of services from legal process outsourcing to consultancy, challenging traditional law firm models.

Moreover, clients are increasingly seeking transparent billing practices and value-based pricing models, pushing legal consultants to innovate in their service delivery and client engagement strategies.

These trends indicate a transformation in how legal services are provided and consumed, aligning with the evolving expectations of 21st-century clients.

Success Factors

Several key elements contribute to the success of a legal consultant.

Expertise and specialization are paramount. Legal consultants who possess deep knowledge and experience in specific legal areas can offer more value to their clients and differentiate themselves in the market.

Building strong client relationships is also essential. Trust, confidentiality, and a track record of successful outcomes are crucial for client retention and referrals.

The ability to adapt to new technologies and incorporate them into legal practices can significantly enhance efficiency and client satisfaction.

Strategic networking and partnerships can expand a legal consultant's reach and resources, providing a competitive edge.

Lastly, effective business management, including cost control, marketing, and continuous professional development, is vital for sustaining and growing a legal consultancy practice in a dynamic market.

The Project

Project presentation.

Our legal consultancy project is designed to provide specialized legal services to individuals and businesses seeking expert advice and representation in various legal matters. Located in a business district with a high concentration of small to medium-sized enterprises, this consultancy will offer a comprehensive range of legal services, including contract law, intellectual property, employment law, and corporate compliance, all delivered with a commitment to professionalism and client satisfaction.

The focus will be on providing personalized legal solutions that are both effective and cost-efficient, ensuring that clients receive the best possible outcome for their legal issues.

This legal consultancy aims to become a trusted advisor and partner for clients, offering not just legal services but also proactive legal risk management and strategic advice to help them navigate the complexities of the law.

Value Proposition

The value proposition of our legal consultancy project is centered on delivering expert legal advice and representation tailored to the unique needs of each client. Our commitment to understanding our clients' businesses and challenges allows us to provide targeted legal solutions that protect their interests and facilitate their growth.

We are dedicated to maintaining the highest standards of integrity and transparency, ensuring that our clients are well-informed and confident in the legal strategies we pursue on their behalf.

Our consultancy aims to build long-term relationships with clients, becoming an integral part of their success by offering reliable, accessible, and forward-thinking legal services.

Project Owner

The project owner is a seasoned legal professional with a wealth of experience in providing legal counsel to a diverse clientele. With a background in both law firm and in-house settings, they possess a deep understanding of the legal challenges that businesses and individuals face.

Armed with a strong track record of successful case outcomes and a reputation for excellent client service, the project owner is committed to establishing a legal consultancy that stands out for its strategic approach, client-centric services, and innovative legal thinking.

With a dedication to the law and a passion for helping clients overcome their legal hurdles, the project owner is the driving force behind this project, aiming to deliver not just legal services, but peace of mind and a foundation for success.

The Market Study

Market segments.

The market segments for a legal consultancy are diverse and can be categorized as follows:

Firstly, there are small to medium-sized enterprises (SMEs) that require legal services but may not have the resources to maintain an in-house legal department.

Secondly, individual entrepreneurs and startups are in need of legal advice for business formation, intellectual property protection, and contract negotiations.

Additionally, larger corporations may seek specialized legal consulting for complex transactions, compliance issues, or litigation support.

Lastly, non-profit organizations and public sector entities also form a significant segment, often requiring legal expertise in regulatory, employment, and contractual matters.

SWOT Analysis

A SWOT analysis of the legal consultancy business reveals several key points:

Strengths include a deep understanding of legal frameworks, a reputation for professionalism and confidentiality, and the ability to offer personalized legal solutions.

Weaknesses might encompass the challenge of keeping up with rapidly changing laws and regulations, and the potential for high operational costs.

Opportunities can be found in the growing demand for legal services in emerging areas such as cyber law, data protection, and international trade.

Threats may include intense competition from established law firms and the increasing availability of online legal service platforms.

Competitor Analysis

Competitor analysis in the legal consultancy sector indicates a competitive landscape.

Direct competitors include other legal consultancies, full-service law firms, and online legal service providers.

These competitors vie for clients by offering a range of services, expertise, and pricing models.

Potential competitive advantages for a legal consultancy could be specialized knowledge in niche legal areas, flexible and client-focused service delivery, and a strong track record of successful case outcomes.

Understanding the strengths and weaknesses of competitors is crucial for carving out a unique position in the market and for client acquisition and retention.

Competitive Advantages

Our legal consultancy's competitive advantages lie in our personalized approach to client service and our commitment to staying at the forefront of legal innovation.

We offer tailored legal advice that addresses the specific needs of each client, whether they are navigating complex regulatory environments or seeking to protect their intellectual property.

Our dedication to continuous learning ensures that we are equipped to handle the latest legal challenges, providing our clients with cutting-edge solutions.

Moreover, our emphasis on building long-term client relationships is based on trust, transparency, and integrity, setting us apart in a competitive industry.

You can also read our articles about: - how to offer legal consulting services: a complete guide - the customer segments of a legal consulting services - the competition study for a legal consulting services

The Strategy

Development plan.

Our three-year development plan for the legal consultancy firm is designed to establish a strong foundation and expand our services.

In the first year, we will concentrate on building a robust client base by offering expert legal advice and personalized services. We will also invest in building our reputation for excellence and reliability.

The second year will focus on expanding our areas of expertise and introducing additional services such as online legal consultations and workshops for businesses on legal compliance.

In the third year, we aim to form strategic partnerships with other professional service providers and explore opportunities for mergers or acquisitions to broaden our market reach.

Throughout this period, we will remain dedicated to upholding the highest standards of legal practice, client confidentiality, and adapting to the evolving legal landscape to serve our clients effectively.

Business Model Canvas

The Business Model Canvas for our legal consultancy targets individuals and businesses in need of legal advice, representation, and compliance services.

Our value proposition is delivering expert legal solutions, personalized client care, and proactive risk management.

We offer our services through direct consultations, digital platforms, and client workshops, utilizing our key resources such as our legal expertise and professional network.

Key activities include legal research, client consultations, and continuous professional development.

Our revenue streams are derived from billable hours, retainer agreements, and flat-fee services, while our costs are primarily associated with professional staff, office operations, and marketing initiatives.

Find a complete and editable real Business Model Canvas in our business plan template .

Marketing Strategy

Our marketing strategy is centered on building a strong brand reputation and demonstrating our legal expertise.

We aim to engage our target audience through educational content on legal topics, free initial consultations, and client testimonials.

We will leverage online platforms, including our website and social media, to share valuable insights and case studies that showcase our success.

Networking events and partnerships with business associations will also play a crucial role in our strategy to gain referrals and build professional credibility.

Finally, we will monitor client satisfaction and feedback to continuously improve our services and client experience.

Risk Policy

The risk policy for our legal consultancy is focused on mitigating risks associated with legal practice, client data security, and professional liability.

We adhere to strict ethical standards and legal regulations, ensuring all client information is handled with the utmost confidentiality and security.

Regular training and audits are conducted to maintain compliance with the latest legal developments and to prevent any conflicts of interest.

We also maintain a comprehensive professional indemnity insurance policy to protect against potential legal claims.

Our priority is to provide reliable legal services while safeguarding our clients' interests and our firm's reputation.

Why Our Project is Viable

We are committed to establishing a legal consultancy that addresses the complex legal needs of our clients with precision and care.

With our focus on expertise, client service, and adaptability, we are confident in our ability to thrive in the competitive legal services market.

We are enthusiastic about the opportunity to support our clients' success and to grow a sustainable and respected legal practice.

We are prepared to make the necessary adjustments to navigate challenges and seize opportunities, looking forward to a prosperous future for our legal consultancy.

You can also read our articles about: - the Business Model Canvas of a legal consulting services - the marketing strategy for a legal consulting services

The Financial Plan

Of course, the text presented below is far from sufficient to serve as a solid and credible financial analysis for a bank or potential investor. They expect specific numbers, financial statements, and charts demonstrating the profitability of your project.

All these elements are available in our business plan template for a legal consultant and our financial plan for a legal consultant .

Initial expenses for our legal consultancy include setting up a professional office environment, investing in legal research databases and software, obtaining necessary licenses and insurance, developing a comprehensive website, and engaging in targeted marketing strategies to establish our brand within the legal services market.

Our revenue assumptions are based on a thorough analysis of the local demand for legal services, taking into account the increasing need for specialized legal advice in areas such as intellectual property, business law, and compliance.

We anticipate a steady growth in client acquisition, starting with a conservative client base and expanding as our reputation for expert legal consultation solidifies.

The projected income statement reflects expected revenues from our legal consulting fees, costs of services (research materials, office supplies, subcontracted expertise), and operating expenses (office lease, marketing, salaries, etc.).

This results in a forecasted net profit that is essential for assessing the long-term viability of our legal consultancy.

The projected balance sheet provides a snapshot of our consultancy's financial standing, including assets such as office equipment, legal libraries, and liabilities like business loans and accounts payable.

It demonstrates the overall financial health of our legal consultancy at the end of each fiscal period.

Our projected cash flow statement details the inflows and outflows of cash, enabling us to predict our financial needs. This is crucial for maintaining solvency and ensuring smooth operational management.

The projected financing plan outlines the specific sources of funding we intend to utilize to cover our initial costs and support growth.

The working capital requirement for our legal consultancy will be diligently managed to maintain sufficient liquidity for day-to-day operations, such as paying for office expenses, subscription services, and employee wages.

The break-even analysis for our consultancy will determine the volume of billable hours required to cover all our costs, including startup investments, and begin generating profits.

It will signal the point at which our business becomes financially sustainable.

Key performance indicators we will monitor include the average revenue per client, the ratio of billable hours to non-billable hours to gauge efficiency, and the client retention rate to measure our success in maintaining long-term relationships.

These metrics will assist us in evaluating the financial performance and overall success of our legal consultancy.

If you want to know more about the financial analysis of this type of activity, please read our article about the financial plan for a legal consulting services .

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Legal Nurse Consultant Business Plan: Step-by-Step Guide & Templates

• January 30, 2023

The Essential Guide to Crafting a Winning Legal Nurse Consultant Business Plan

Are you a nurse looking to transition into a legal nurse consultant role? Congratulations on taking the first steps towards a fulfilling and lucrative career. As you embark on this journey, one of the most critical aspects of setting up your legal nurse consultant business is developing a comprehensive business plan.

Why You Need a Business Plan

A business plan roadmap success legal nurse consultant. Provides clear of business target marketing financial and more. With a solid plan in place, you can effectively communicate your vision to potential investors, partners, or lending institutions.

Key Components of a Legal Nurse Consultant Business Plan

When business plan, several components should include:

Case Study: Successful Legal Nurse Consultant Business Plan

Take inspiration from the story of Jane Doe, a registered nurse who turned her passion for legal nurse consulting into a thriving business. Jane meticulously researched her target market and leveraged her network to secure initial clients. Invested ongoing education stay ahead field. With a well-structured business plan, Jane secured funding from a local bank and now runs a successful legal nurse consulting firm.

As you embark on your journey to become a legal nurse consultant, remember that your business plan is not set in stone. Dynamic document evolves business. By taking the time to create a solid plan, you`ll be better positioned for success in this exciting and rewarding field.

Top 10 Legal Questions About Legal Nurse Consultant Business Plans

Legal nurse consultant business plan contract.

As of [Date], this contract is entered into between [Legal Nurse Consultant Company], hereinafter referred to as the “Consultant”, and [Client Name], hereinafter referred to as the “Client”. This contract outlines the terms and conditions of the Legal Nurse Consultant business plan services to be provided by the Consultant to the Client.

IN WITNESS WHEREOF, the parties hereto have executed this Legal Nurse Consultant Business Plan Contract as of the date first above written.

How to Come Up With A Name For Your Legal Nurse Consultant Business

by Elizabeth Rudolph | Dec 15, 2020 | Legal Nurse Consulting , Marketing

The FIRST STEP to set up your Professional Legal Nurse Consultant (PLNC) business development plan is selecting a name for your business .  This is definitely the fun part because it’s the first time you’ll establish a link between yourself and your clientele!

Ask yourself: What do I want my clients to think of when they hear my business name? 

Do I have a strong first or last name that would not only connect to my clients, but also express what my company is about? 

Try these ideas :

• Write down words that describe who you are and what your business is about.  Consider business names that’ll jump out and connect to your business via internet searches. 
• You want your business name to be catchy, professional, and easy to remember (especially when it comes to referrals). 
• Use a thesaurus to change the words you’ve come up with into others that’ll give that spark to your business name. 

For example , if you’re starting a cleaning service, you’d want your business name to contain buzz words associated with cleaning. As we brainstorm, let’s write down ideas that come to mind when cleaning: spotless, shine, tidy, no mess, clean, and bright.  It’s also important to think of some words that may also address your prices.  Let’s brainstorm and write down some words that might suggest pricing: cheap, low-cost, free, and fair.  Now, the last stage would be to think of some things that you would like in your business name that may reflect who you  are, so let’s brainstorm that describe who you are that also are great reflections of your business: thorough, careful, strong, meticulous, focused, or even your last (Doe) or first (Jane) name.  Let’s play around with some of the words we’ve written down and combine them to see how they might sound for your business name:  Jane’s No-Mess & Low Cost Cleaning Service;  Careful Fair Tidy Cleaning; or  Thorough Shine Cleaning. 

Remember as a Professional Legal Nurse Consultant (PLNC) , you want your clients to feel they’re hiring a skilled professional , so sometimes something as simple as Doe Professional Legal Nurse Consultants will suffice.

P.S. Find out how to elevate your nursing career quickly here .

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Starting a nurse-owned business

Follow these tips for success..

Takeaways  

• Nurses have unique skills—critical thinking, prioritizing, organization, and emergency management—appropriate for starting their own businesses.  
• Business success involves choosing something you love, finding a problem to solve, identifying ideal clients, and connecting with a mentor.  

If you’re thinking about starting your own business, here are some tips to keep in mind.

Choose something you love doing. Life is short and the risks are too great to begin a business in an area that you don’t love. Otherwise, you’re just creating another job for yourself. If you’re passionate and excited about your new business venture, you’ll be more likely to succeed. Success requires dedication and commitment, and that will be more likely if you’re doing something you enjoy. On days when commitment flags, think about why you started your business. That “why” will help you get up in the morning on tough days.

Find a problem you can solve. Successful businesses solve a problem that keeps their ideal clients awake at night. Hospitals help people heal when they’re ill. A health coach helps people achieve better health for more energy and vitality. A foot-care nurse helps patients perform tasks they aren’t able to do themselves. Staffing agencies help healthcare organizations solve staffing shortages. A good nurse consulting business saves people time and money or improves their health and well-being.

Identify your ideal client. When you identify whose problem you can solve, you can direct all your marketing efforts to them. Where do they work? What do they read? Where do they gather? For legal nurse consultants, for example, the ideal client is an attorney whose cases include medical issues. You can meet them in the courthouse, advertise to them in legal journals, and network with them at trial lawyer association meetings. Knowing your ideal client makes it easier to find them.

Ask your ideal clients to work with you. Early in my career, I asked my mentor how he gets all his clients. He said, “People want to help. All you have to do is ask!” Find those who need the services you offer and ask them to work with you and become your clients. Share the value and benefits of working with you so that they can choose to become a client. Another way to “ask” clients to work with you is through an online presence, which can be a website or a LinkedIn profile.

Offer packages. To move away from a dollars-per-hour model, offer packages for a flat fee. Packages can include products and services that will help people achieve the results they seek. For example, as a health coach, you can have 3-month or 6-month packages that include services such as an initial evaluation, one face-to-face meeting per month, and one phone consultation per week. This monetary commitment will help clients achieve better results than they would in a single session.

Don’t automatically choose certification. You have an RN license and the accompanying experience and skills, but do you also need a certificate to succeed in your new business? Certification costs time and money, so if your business requires only your nursing acumen, perhaps you can forgo certification, especially if your ideal client doesn’t find value in it. But if certification will help you acquire new skills specific to your business venture or is valued by your clients, look for a reputable accrediting body and budget your time and money wisely as you earn certification.

Begin with the end in mind. What’s your destination? What do you want your business to look like a year from now? How many clients do you want to serve? How much money do you want to make? How do you imagine spending your days? When you have your destination, you can build a road map to get there. If you want 10 clients, think about how many potential clients you need to connect with before 10 say yes. Having the end in mind is your barometer for how things are going. Don’t get discouraged if you’re not progressing as you anticipated. Try something new; many paths can get you to the same destination. To keep your planning focused, consider writing a short business plan that summarizes some of the points discussed here. (See Creating a map. )

Find a mentor. When you first started in nursing, you had a preceptor who showed you the ropes and taught you how to put your best foot forward. The preceptor shared tricks of the trade, helping you prioritize, think critically, organize, and comply with policies and procedures. You need the same kind of support in business. Find a mentor who can teach you the ropes and provide you with encouragement. A mentor can help reduce the amount of time it takes to become successful and decrease your stress, fear, and worry. A good mentor also can help you get your business on a proper legal foundation. (See Join in .)

Plan to succeed. Henry Ford once said, “Whether you think you can or you can’t, you’re right.” You can choose to believe that “you can” succeed by doing whatever it takes to have a successful business. A positive mindset will get you through the tough times.

Take control

Starting a business is fun and exciting, but just like a roller coaster, it will have its ups and downs. Reframe the down times as learning experiences. If business is slow, consider talking to more people. And remember that owning your business puts you in control. Do you want flexibility and control over your financial destiny? Business ownership is a great way to achieve these goals and continue to use your nursing skills to help people.

Lorie A. Brown is a nurse attorney and president of Brown Law Office in Indianapolis, Indiana. She’s also the founder of Empowered Nurses ( empowerednurses.org ) an organization that empowers nurses at the bedside and in business.

6 Comments .

I want to open postpartum business

I’m in the process of framing and starting a Nurse Coach and Holistic Wellness Clinic. My target audience is adults re-entering society from trauma, from substance abuse and incarceration.

Wish it was that easy

I would like to start a business that offers Nurse coaching for veterans. Im a veteran and would offer a different approach with veteran coaching, especially women.

I want to know how to start a small business and steps to take

I really enjoyed this information, definitely got me thinking about my ideas to my own business as a Registered Nurse

Comments are closed.

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15 Business Ideas for Nurse Entrepreneurs

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For those with an entrepreneurial mindset, there’s an endless list of potential business opportunities and ways to build a side hustle. One of the keys to starting your own business and turning it into a successful enterprise is to play to your strengths. For those with a nursing degree, there are a number of business opportunities that you’ll have that aren’t available to others — you'll have the ability to leverage your medical degree, experience and skills to launch your own business.

A study by RN Network found that 50% of nurses consider leaving their jobs due to burnout, overwork and high-stress levels. Opening your own business and relying on your skills and certifications as a nurse, therefore, can be a new, refreshing opportunity. Looking for a place to start? In this guide, we've compiled a list of the 15 best business ideas for nurses — plus we'll break down some tips for choosing the right entrepreneurial path for you.

Top business ideas for nurse entrepreneurs

There are a number of different business ideas for nurses out there — whether you're looking for a home-based business idea or an idea that allows you to travel to different clients in your area, there are a variety of options that may align with your skills, interests and schedule.

1. Legal nurse consultant

For nurses who are detail-oriented and love to dive into the details of a patient file, becoming a legal nurse consultant, or LNC, can be a great business idea.

An LNC is a consultant that offers expert advice for legal cases. An attorney might consult with a legal nurse consultant to better understand the facts of their case or an LNC might be asked to analyze testimony in a legal case to look for errors.

There are a number of different ways in which legal nurse consultants can work within the legal system. One of the benefits of this position is that as a legal nurse consultant and business owner, you choose which cases you work on. Overall, this health care business idea gives you a lot of control over your schedule and how you spend your time.

2. Nurse health coach

Many nurses work in a clinical setting where they’re part of a team that treats and diagnoses patient symptoms. For some, this can feel limiting, as you only have so much say in how a patient is treated.

If this applies to you, becoming a health coach might be one of the best nurse entrepreneur business ideas for you. A nurse health coach is someone who helps people to assess their health goals and creates a plan to achieve them. This type of work takes a holistic look at a patient’s health and focuses not only on the symptoms, but also the broader picture.

As a nurse health coach, you might consult with doctor’s offices or hospitals. More often, nurse health coaches run their own practice and see patients on a one-on-one basis.

Seeing the long-term outcomes in patients’ health can be highly rewarding and is ideal for nurses who want to work closely with their patients to help them achieve their goals.

How much do you need?

with Fundera by NerdWallet

We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

3. Specialized care provider

Becoming a specialized care provider is a great business idea for nurses who have learned a specialized set of skills throughout their career and want to apply those skills in their own business. Similarly, becoming a specialized care provider can be one of the best small business ideas for nurse practitioners as well — especially if they want to branch out on their own and work in-depth in one area.

Some examples of specialized care provider businesses include:

Childbirth training.

Fertility consulting.

Lactation consulting.

Telehealth.

In-home care.

Holistic or alternative medicine services.

Mindfulness and stress reduction.

There are a number of ways to take a nursing degree and pair it with a passion to turn it into a business. If there’s a specific aspect of nursing that you love or have extensive experience in, think about how you can turn it into a business. All you need is passion and the time and patience to turn your idea into a reality.

4. Wellness coach

As more and more patients move away from taking medication to solve their health issues, they’re looking for alternative methods and more holistic approaches.

By pairing a nursing degree with a holistic approach to health, you can become a wellness coach. Becoming a health coach will likely require additional training and certification , but it will pair well with the knowledge you already have as a nurse.

When it comes to business ideas for nurses, becoming a wellness coach fits the belief system and knowledge base of many nurses, making this a simple transition.

Moreover, becoming a wellness coach is a great home-based business idea for nurses — as you can opt to work with and see clients in your own space, or, if you choose, travel to meet them. Plus, a large part of wellness coaching often involves building and maintaining an online presence, something that can also be done from home.

5. Nurse blogger

Many people turn to the internet for information on anything, including (if not especially) medical ailments. And while there are plenty of helpful resources out there, there’s also a lot of misinformation — and in the medical field, this can be especially dangerous. As a nurse, you have a specific knowledge base that can be very helpful to a number of people. Thus, one of the best nurse entrepreneur ideas for you might be to start a blog using your nursing credentials and knowledge.

This is an especially easy business to start as a side hustle. In addition to your full-time job as a nurse, you can offer to be interviewed by reporters to provide a medical context to certain articles. You might also start your own blog to share your perspective on nursing and the medical industry.

Your blog can be your entire business or you can use blogging to grow your business. Plus, just like becoming a wellness coach, starting your own blog is a great home-based business idea for nurses, whether as a side hustle or full-time gig.

6. Freelance writer or editor

If you don't want to commit to starting your own blog, you might utilize your medical knowledge and expertise to write or consult for other publications. There are a number of medical sites that might be hiring freelance writers, as well as hospitals or other medical offices who are looking for copywriters or editors with a medical background to contribute to their websites.

In addition, you might find medical journals and academic research publications that could benefit from the expertise of a medical professional to help them with their writing, editing and publication. Again, offering up your services as a freelance writer or editor is a great way to start your own business as a nurse, from home, with significant flexibility and freedom.

Plus, once you've found a client or a handful of clients that use your services, you may be able to branch out into other types of writing and marketing to grow your freelance business.

7. Hospice caregiver

As the baby-boom generation ages, the demand for in-home senior care and end-of-life care will increase. Although the work of a hospice caregiver does deal with the end of someone’s life, it requires more skills than just nursing. Many hospice caregivers are focused on the wellbeing of the patient as the wellbeing of family members. Juggling the physical and mental wellbeing of multiple people doesn’t make this job easy, but it can be very rewarding.

Starting a business as a hospice caregiver can be hard work, not only as a business owner but as a person — as you might expect, the work of a hospice caregiver takes an emotional toll.

Therefore, before you invest in this business idea for nurses, it’s important to remember that if you choose to go into this line of work, you need to be aware of the business risks as well as the risks to your own health. However, if you excel at brightening people’s days and enjoy being able to improve this difficult part of a person’s life, then this could be the perfect fit for you.

8. Childbirth education or doula

On the other hand, you may choose a service-based business idea focused on the beginning of a person’s life, rather than the end. Many nurses choose to start a business as a doula, or someone who provides childbirth education to pregnant women.

Starting your own business as a childbirth educator can take a few different paths. Some doulas work one-on-one with pregnant women to prepare them for the birthing process. These doulas are on-call and are on-site for the birth.

Another option for this type of nurse entrepreneur idea is to offer classes to people who are preparing for childbirth. Teaching classes can be slightly less intense work than helping couples one-on-one and being present for the births themselves.

In either case, however, these business ideas allow you to utilize your medical background, as well as take part in an exciting and rewarding part of life — without requiring the strict, intensive schedule of a hospital or doctor's office.

9. Fitness nurse

Next, a top business idea for nurses that can be done from home or on-the-go, becoming a fitness nurse involves working with clients to create a personalized health plan that includes exercise, nutrition and lifestyle changes. This type of health care business is focused on preventing disease instead of treating it.

This new type of nursing might be just the right way to combine your skills with a passion and start a business — especially if you're enthusiastic about fitness and exercise. Of course, to best serve your clients, you may decide to obtain some additional certifications for nutrition and personal training specifically. Alternatively, you may decide to hire and work with people who specialize in these fields.

10. Medical product sales

While many of these business ideas for nurses have focused on using the skills you’ve acquired as a nurse, there is another option for using your knowledge of the medical industry as a whole. You can start a business selling medical products. This might include products for nurses or for the general medical industry. Some examples include selling scrubs, accessories, medical equipment or medicine.

Starting a business in medical product sales is a great way to use the skills you already have as a nurse. Familiarity with the tools used to treat patients and medications gives you firsthand experiences to help sell products.

Plus, starting your own medical sales business allows you to take advantage of the perks of entrepreneurship — like being your own boss and setting your own schedule.

11. Telehealth consulting

If you're skilled with technology, the best business for you to start, as a nurse, could be related to telehealth. Telehealth is becoming more and more popular within the medical field — allowing patients to converse with nurses and doctors through phone or video calls. This means patients don’t have to leave their homes to receive diagnoses and prescriptions, and medical professionals can see more patients in a day.

Starting a business as a telehealth consultant can allow you to practice as a nurse, just like you do now, but without the commute. As a telehealth consultant, you can also set a schedule that’s more flexible for both you and your patients — including early mornings or later at night, when regular doctors’ offices aren’t typically open.

Once again, like many of these ideas, telehealth consulting is a perfect home-based business idea for nurses as well.

12. Education specialist or course creator

Next, if you have a particular affinity for teaching others, the best nurse entrepreneur business idea might be for you to become an education specialist or online course creator. First, becoming an education specialist could involve a variety of different tasks. You might start as a teaching assistant at a nursing school, or acquire the credentials you need to become a full-time professor.

Similarly, you might work with schools, childcare centers or local government agencies to teach health classes or seminars, like CPR certification, when needed. Along these lines, you might also take advantage of an online class platform to develop and sell your own courses related to nursing, medicine and wellness. If you have particular expertise, you might be able to create a series of lessons dedicated to that subject.

As we've seen throughout our list of the best business ideas for nurses, this opportunity allows you to start something of your own that leverages your expertise. Plus, you have the flexibility to work from home or travel, or do a little of both.

13. Medical billing and coding contractor

If you're looking for a small business idea that's a little different, but still related to the medical field, you might become a medical billing and coding specialist. These individuals work with hospitals and doctor's offices to translate medical records for billing to insurance providers and other payers.

Although some employers may require a specific medical billing and coding certificate, as a nurse, you'll likely be familiar with the processes and be able to pick up the required skills very quickly. Additionally, medical billers and coders can operate as independent contractors, as well as find part-time or full-time positions with one employer.

Ultimately, it would be up to you to decide where you'd like to take this nurse business idea and how you'd like to operate your business.

14. Career coach

For nurses who enjoy mentoring others and offering job advice, the best business idea to start might be a career coaching business. Similar to any coaching business, you'd work with students, young professionals and other clients to help them apply for jobs, plan their career paths and prepare for interviews.

As a medical professional with experience in the field, you'd be able to serve as a great resource to those also looking to become nurses, nurse practitioners or doctors. You'll be able to offer general career and professional advice, as well as clue your clients into the details and nuances of the medical field.

In addition, as a career coach, you can operate your business virtually, have clients come into your home, or even open your own office — depending on what you'd prefer. Plus, as you work on your coaching business, gain clients and see success, you might be able to market your services on a larger scale to colleges, universities and other education organizations.

15. Child care provider

Finally, the best business idea for nurses with previous experience working with kids might be becoming a child care provider. As a medical professional, you could start a variety of childcare-related businesses — you might start a daycare center, become an in-home caregiver for children with specific medical needs, or serve as a medical consultant or resource for other childcare businesses.

Of course, certain ideas, like starting a daycare, will require special licenses and permits, whereas others may be easier to start from home or as a side hustle. In any case, your credentials as a medical professional will make it easier to market your services and work with different parents, caregivers and organizations.

Start Your Dream Business

How to choose the right nurse entrepreneur idea

As you can see, there are a variety of business ideas for nurses, however, before you invest time and money into a specific idea, you'll want to think about these three things to help you determine which idea is best for you:

Assess your skills

Ask yourself these questions to figure out your skills and passions:

What aspects do I like most about my current job or the health care system?

What aspects of my current job do I enjoy the least?

Is there a specific population of patients that I prefer to work with?

Do I enjoy sales?

Would I prefer a job that deals less with people and more with the background and administrative tasks of the health care industry?

Am I good at noticing problems and finding solutions?

What weaknesses slow me down at my current job?

What types of tasks am I best at and do I enjoy?

These questions are a good way to get a better understanding of what types of work you enjoy and what you’re especially good at. Use this information to inform what type of business you choose to start.

Align your schedule

Do you want to start your business as a side hustle or invest in your idea full time? If you're going to start a side hustle, you'll need to take your current schedule into consideration.

Starting your business as a side hustle and building it into a full-time endeavor is a good way to determine whether there’s enough demand for your business, as well as to work through any workflow or operational issues before you completely dive in. This way, you maintain the income from your current job while building your new business.

On the other hand, of course, you might decide to go all-in on your business idea — and in that case, you'll want to make sure you do your research beforehand so you have an idea of the amount of demand you can expect, who your market is, how much startup capital you’ll need, and more.

Feed your passion

While there are many reasons to start your own business, an important one to focus on is doing something that you’re truly passionate about. Operating your own business can certainly increase your income, but that shouldn’t be the sole reason you go into business for yourself. Focus on picking a business that will allow you to do more of the things you love and less of the things you don’t.

Choosing a business idea for nurses that meshes with your passion will make the long hours that you’ll inevitably work (at least when you’re first getting things off the ground) just a little bit easier.

On a similar note...

25 Most-Profitable Small Business Ideas For Nurses

New profitable nurse businesses are developing and evolving quickly throughout our nation. Unique niche ideas are popping up in cities and online. Nurses are beginning to realize their exceptional potential in the business world. You, too, may be wondering about a nurse-owned business. Questions such as “What options are there for nurse-owned ventures?” and “Can I be successful as a business owner?” may be going through your mind. Even more important, you may not realize that owning a business can be profitable. Are you seeking a career as an independent small business nurse owner that can pay well? You may wonder, “What are the most profitable small business ideas for nurses?” You have come to the right place if you have these internal conversations. Here, I illuminate the most profitable small business ideas for nurses, where you can easily top the $100K mark. These ventures range from simple home business companies that require little time or cash for a start-up to more elaborate ideas that you can expand to reap top-dollar. Let’s jump right into this exciting topic!

What Are The Most Profitable Small Business Ideas For Nurses?

Small business #1: legal nurse consultant, about the small business:, how to start this small business:, potential earnings:, small business #2: staffing agency, small business #3: home health agency, small business #4: senior care assistance, small business #5: night shift new baby nurse, small business #6: private duty nurse.

• Stethoscope, BP cuff, thermometer, glucometer (and supplies) • A means to advertise your business, such as a web page, Facebook, local social media pages, and LinkedIn account • Malpractice insurance

Small Business #7: Home Medical Equipment Sales

Small business #8: online nurse education specialist/writer.

• Writing CEs for nurse education sites • Developing nursing checklists, flow sheets, and protocols • Writing nursing workbooks and textbooks • Educational podcasts • Educational Facebook support • Study guides and flashcards for nursing students • Medical care plan development

Small Business #9: Medical Writer

Small business #10: cannabis nurse, small business #11: intravenous infusion.

• Nausea/vomiting • Dehydration • Morning sickness • Hangover • Weakness • Athletic post-workouts • Vitamin infusions • Immunity boost • Anti-Aging • Skin health • Jet lag

Small Business #12: Senior Consultant/Advocate

• Educating families and seniors about available resources • Assist in placement in assisted living or other care arrangements • Offer nursing support post-hospitalization • Help decipher medical bills and payment arrangements • Champion for fair and quality medical treatment and billing • Serve as a go-between for the client and insurance company

Small Business #13: Online Supplement Company

Small business #14: health and wellness and beauty.

• Wellness retreats (a growing trend!) • Health product sales such as essential oils, dietary supplements • Work-out clothing and gear sales • Healthy food sales • Organic beauty products • Anti-aging products • Wellness center • Clinics on wellness • Juice bars • Wellness spa (to include skin and Botox treatments)

Small Business #15: Nursing Gear Retailer

Small business #16: healthy meal delivery service, small business #17: sick child care, small business #18: nurse career coach, small business #19: speaker, small business #20: hospice nurse, small business #21: nursing education consultant.

• Teaching online or in-person nursing classes • Guest speaking on educational nursing topics or specialty medical topics • Blogs and podcasts to assist student and new grad nurses • Nurse class and test review courses and workbooks and flashcards • Support and guidance social media outlets for nurses • Developing CEU’s • Writing nursing and other medical staff text and workbooks • Developing flow sheets and “cheat” sheets for nurses and aides

Small Business #22: Specialty Sales

Small business #23: healthcare app developer.

• Tracker for fitness • Weight loss app • Support apps for physical and mental wellness • Software to support nurses and nursepreneuer • Specialized nursing apps such as study apps, flow sheets, reminders/organizers, and skill instruction

Small Business #24: Diabetic Care

• Contract with local physicians to do diabetic teaching sessions • Hold diabetes seminars and clinics in local community and senior centers • Write a diabetes care and support blog • Podcast to showcase your diabetes expertise • Contract with home health agencies, hospice, and skilled nursing facilities for diabetic care and education

Small Business #25: Foot and Wound Care

Bonus 5 important factors to consider while deciding which small business is right for you as a nurse, factor #1: what am i an expert in, factor #2: do i want to spend a lot of money, factor #3: do i want to hire employees, factor #4: do i want my business to be virtual, factor #5: am i tech and social networking savy, my final thoughts.

Business Plan for Legal Nurse Consulting

Legal Nursing Services Inc.(LNS) is a proposed legal nursing consulting firm which will be located in Baltimore, Maryland. The firm will be staffed with seasoned legal nurse consultants who are experts in medical-related cases. The core business of LNS will be to help clients (lBusiness Plan for Legal Nurse Consultingawyers and attorneys) on issues related to analyzing and appraising medical records so as to ensure that they provide satisfactory services to their clients. LNS will equally offer services aimed at ensuring that our clients understand medical terminology as well as other issues related to healthcare delivery. This will enable our clients to provide stellar legal services to their clients. LNS will be a limited liability company that will be chartered in Maryland, United States.

In order to put the proposed LNS operations into perspective, it is worth taking a brief look at its mission, objectives, organizational plan, resources and staffing, implementation and evaluation plans.

Mission Statement

The mission of LNS is to work with attorneys and other stakeholders in the legal process in evaluating, analyzing and rendering of objective and informed opinions with respect to healthcare delivery. Our services in this regard will also cover issues related to the outcomes of the delivery of healthcare to the residents of our potential host communities. As such, our role in this regard will be as strategists, educators or collaborators on legal issues related to medical litigation, among others. Thus we will provide services on medically related legal issues particularly those that cover healthcare licensure investigation, personal injury, product liability, medical malpractice, toxic torts, workers’ compensation, and so on.

In the first three years of operation, LNS will achieve the following:

1. Establish and run a company which will provide stellar services to the clients. Our main goal in this regard is to exceed the expectations of our clients by applying the principles of total quality management;

2. Patiently build a client list that will be made up of loyal customers. Such a client list will include at least 35 law firms with a revenue base of at least $2 million.

3. Build a company that will have the capability of providing services to our clients at a subsidized rate.

Organizational Plan

Company Ownership

LNS will be a limited liability company that will be established by family members. This means that LNS will enjoy the status that will be similar to a corporation because owners will enjoy the privileges of limited personal liability for the debts and actions of the company (Hubbard & O’Brien, 2009; Miller, 2011; Graham et al., 2010). However, many states in the United States, particularly, Maryland, did not put any restrictions on the ownership structure of limited liability companies. As such LNS will welcome other individuals, companies, and even foreign entities to become part of the owners.

LNS will commence its operation by first of all opening an office in Baltimore, Maryland. From there it will open branch offices in other major cities in the United States.

Unique Expertise/Services

LNS will provide the following services to their clients:

1. Organize, analyze, and appraise medical records and other related litigation materials on behalf of their clients;

2. Prepare, compare, and correlate healthcare events to allegations;

3. Conduct interviews on behalf of their clients;

4. Assist clients in identifying and appraising standards of care and other related issues such as causation and damage issues;

5. Assist the clients to effectively determine whether or not a case has a merit or is defensible;

6. Assist the clients in developing and in preparing exhibits;

7. Assist the clients on issues related to depositions and trials;

8. Assist clients in other key areas such as in preparing and analyzing complaints, trial briefs, status reports, queries for cross-examinations, and so on.

9. Perform other vital functions on behalf of the clients, such as attendance of medical examinations, document production requests, and so on.

Resources and Staffing

Start-Up Summary

The following start-up cost for LNS covers the cost of office space, website creation and other miscellaneous costs such as the cost of registration of the business, general office maintenance, rent, advertising and staff remuneration. These costs will be based on the current market costs for the items listed.

The office equipments in this regard will include three computers, one fax machine, one copier, one land line, one printer, DSL connection, and office furniture. The office staff will consist of two certified legal nurse consultants, one office manager, two administrative assistants, and one receptionist.

An important part of the start-up cost is the cost of advertising. The company will use four methods of advertisements: online advertising, TV, Yellow Pages, and newspaper advertising.

The breakdown of the start-up costs is presented visually using the table 1 and figure 1 below.

Table 1 — Start-Up Summary

Breakdown ($’000)

Total ($’000)

START-UP EXPENSES

1. Company Registration (Maryland)

2. Rent and utility bills (1-year)

3. Legal Expenses

4. Other (eg. Advertisement, etc.)

OFFICE EQUIPMENT

1. Three Computers

2. 1 Laser Fax / Copier Machine

3. One Copier

4. One Landline (12 months bill)

5. One Printer

6. One DSL Connection

7. Office Furniture

8. Office Supplies (6 months supply)

9. Miscellaneous Expenses

OFFICE STAFF REMUNERATION

1. Two certified Legal Nurse

Consultants (one year salary)

2. One Office Manager (One year salary)

3. Two Administrative Assistants (one year salary)

4. One Receptionist (one year salary)

5. One Accountant (one year salary)

OPERATING EXPENSES

TOTAL FUNDING

Sources of Funding

LNS plans to obtain its capital of $543,624 from three major sources, loans from banks, loans from non-bank financial institutions , and savings and contributions from the individual owners. The breakdown of these funding sources is illustrated in figure 2 below.

Market Analysis Summary

A significant proportion of workers in the health field are made up of nurses. As was reported by to the U.S. Department of Labor (2011) the demand for nurses as well as the services they provide will reach about 5 million within the next ten years. Similarly, the demand for the services provided by the legal nurse consultants will grow significantly within the next ten years (RN Degrees, 2010; Vickie Milazzo Institute, 2011). It is important to note here that the major clients of the legal nurse consultants include law firms, insurance companies, government agencies, and health care risk management departments. The bottom line here is that so long as there are attorneys, there will be a thriving market for legal nurse consulting services (Milazzo,2006; Legal Nurse Consultant Jobs, 2010). To sum, LNS clients will consist of the following categories of individuals: attorneys (both plaintiffs and defense), insurance companies, healthcare facilities, other certified nurse consultants, government agencies and private corporations).

Implementation Plan

Implementation Strategy and Milestones

The company will start by using networking, advertising and public relations campaigns to secure, build and maintain new customer and client base. As was explained in the previous section, there is a large as well as a growing market demand for the services provided by LNS. The company will take advantage of this lucrative market to reap huge profits. The implementation strategy and milestones are presented on table 2 below.

Table 2 — LNS Implementation Strategy and Milestones

Anticipated Date

1. Company Registration

Management/Owner

2. Securing Start-up capital/loan of $543,624

3. Renting of office space, purchase and installation of office furniture and supplies, and so on.

4. Hiring of staff and collection and analysis of information on clients/customer demographics.

5. Soliciting for clients and customers via networking and advertisement

Competitive Edge

LNS can boast of having a competitive edge in the industry owing to the company’s possession of three key qualities — networking, experience and specialization.

1. LNS will ensure that its staff regularly attends both the formal and informal meetings and workshops of nursing consulting firms, especially those of them whose industry is related to legal consulting. This will ensure that the company networks with the professionals in the industry. In addition, it will enable LNS to quickly attain its objectives of having at least 35 law firms within a few years of operation.

2. LNS will hire those professionals who have at least four years work experience in the industry. These professionals will thus be attractive to potential clients because of their wide experience in the industry.

3. By specializing in providing only health-related legal issues, LNS can provide professional and excellent services to the clients.

Sales/Clients Forecast

LNS projects that by following the implementation plan shown on table 2, the company can achieve its goal of having at least 35 law firms as clients quicker. The company’s projected client base by the year 2015 is shown on table 3 below.

Table 3 — Sales/Clients’ Forecast

Number of Clients

Break-Even Analysis

LNS break-even analysis will be based on what the company will need in hours and revenue per year in order to attain the break-even point. This is further based on the following assumptions:

1. The company will charge $150 per hour for each client.

2. The company expects to spend at least 80 hours a year with each client.

3. The company expect to see at least 30 clients per year, which will generate a revenue of $150 x 30 x 80 = $360,000. For the purpose of this computation, this will be regarded as the selling price.

4. The company expects its yearly fixed costs to be $526,000. This fixed cost consists of the cost of staff remuneration, utility bills and advertising.

5. The company expects its variable costs to be about $344,000 a year, comprising of the cost of equipment servicing and maintenance, legal costs, and so on.

Given the above assumption, the company’s yearly break-even point can be computed as follows:

The implication of the above computation is that LNS must service at least 33 clients per year in order to break even.

Projected Profit & Loss

LNS’s projected Profit and loss, based on information from the previous section and on data from sales forecast on table 3 is presented on table 4. From the information on table 4, it can be seen that LNS’s business will be a lucrative one.

Table 4 — Projected Profit & Loss Data

1. Sales ($)

2. Total Expenses (Operating costs, staff remuneration, tax, and so on)

Evaluation plan

LNS’s operations will be considered successful when the following situation occurs:

1. LNS’s service acceptance rate increases by at least 40%;

2. The company’s revenue and market share increases by 50% within the third year of operation;

3. The company’s profit increases by at least 20% every year;

4. The company’s return on investment (ROI) becomes at least 20% every year.

The demand for the services of LNS will continue to grow in the United States due to the ongoing dependence of U.S. attorneys on legal nurse consulting services. This assertion is simply a reflection of the fact that most attorneys are not well-informed about how to properly read and interpret medical records or medical terminologies and other related health issues. Besides, a large proportion of attorneys know that they can provide stellar services to their clients if they have someone to help them in reading medical records and in analyzing and interpreting the subtleties of healthcare issues. This explains why they will have insatiable demand for LNS services. As was shown in this business plan, LNS will be properly positioned to reap huge profits based on this scenario.

Graham J.R., Smart S.B., & Megginson W.L. (2010): Corporate Finance — Linking

Theory to What Companies Do. Mason, OH: South-Western Cengage Learning .

Hubbard R.G., O’Brien a.P. (2009): Macroeconomics. Upper Saddle River, NJ: Prentice-

Legal Nurse Consultant Jobs (2010): Growing Demand for Legal Nurse Consulting jobs.

Retrieved March 20, 2011 from http://www.legal-nurse-consultant-

jobs.com/articles/growing-demand-for-legal-nurse-consulting-jobs/

Milazzo V. (2006): Demand for Legal Nurse Consultants at All-Time High. American Chronicle. Retrieved March 20, 2011 from http://www.americanchronicle.com/articles/view/11688

Miller L.M. (2011): Economics Today. Boston, MA: Pearson Education Inc.

RN Degrees (2010): Legal Nurse Consulting: An Exciting Career Move. Retrieved March

19, 2011 from net/become-a-legal-nurse-consultant .php”>http://rndegrees.net/become-a-legal-nurse-consultant.php

U.S. Department of Labor (2011): Licensed Practical and Licensed Vocational Nurses.

Occupational Outlook Handbook, 2010-11 Edition. Retrieved March 20, 2011

from http://www.bls.gov/oco/ocos102.htm#outlook

Vickie Milazzo Institute (2011): Frequently Asked Questions. Retrieved March 20, 2011

from http://www.legalnurse.com/more-information/faq#Q4

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Sometimes our managers receive ambiguous questions from the site. At first, we did not know how to correctly respond to such requests, but we are progressing every day, so we have improved our support service. Our consultants will competently answer strange suggestions and recommend a different way to solve the problem.

The question of whether we can write a text for the user for free no longer surprises anyone from the team. For those who still do not know the answer, read the description of the online platform in more detail.

We love our job very much and are ready to write essays even for free. We want to help people and make their lives better, but if the team does not receive money, then their life will become very bad. Each work must be paid and specialists from the team also want to receive remuneration for their work. For our clients, we have created the most affordable prices so that a student can afford this service. But we cannot be left completely without a salary, because every author has needs for food, housing and recreation.

We hope that you will understand us and agree to such working conditions, and if not, then there are other agencies on the Internet that you can ask for such an option.

Andre Cardoso

Do my essay with us and meet all your requirements.

We give maximum priority to customer satisfaction and thus, we are completely dedicated to catering to your requirements related to the essay. The given topic can be effectively unfolded by our experts but at the same time, you may have some exclusive things to be included in your writing too. Keeping that in mind, we take both your ideas and our data together to make a brilliant draft for you, which is sure to get you good grades.

Estelle Gallagher

offers three types of essay writers: the best available writer aka. standard, a top-level writer, and a premium essay expert. Every class, or type, of an essay writer has its own pros and cons. Depending on the difficulty of your assignment and the deadline, you can choose the desired type of writer to fit in your schedule and budget. We guarantee that every writer will be a subject-matter expert with proper writing skills and background knowledge across all high school, college, and university subjects. Also, we don’t work with undergraduates or dropouts, focusing more on Bachelor, Master, and Doctoral level writers (yes, we offer writers with Ph.D. degrees!)

We are inclined to write as per the instructions given to you along with our understanding and background research related to the given topic. The topic is well-researched first and then the draft is being written.

Emery Evans

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