Nursing Entrepreneurship Flashcards
It is a process of identifying and starting a new business venture, sourcing and organizing the required sources and taking both risks and perks associated with the venture.
Entrepreneurship
A person who makes money by starting or running a business especially when this involves taking financial risks.
Entrepreneur
A business entity owned by two or more people who share the profits and josses.
Partnership
Commits oneself to the venture
Find the right opportunity
Build successful teams
Make sure that execution is critical
It is not an easy path
Be aware of your impact
Be aware of your socio-economic roles
Principles of entrepreneurship
Characteristics of a successful entrepreneur
Self-motivated
Creative
Intuitive
Authorative
Strong-willed
Types of partnership
General partnership
Limited partnership
Joint partnership
Assumes that liabilities, management and duties and profits are divided equally among partners
General partnership
Allows partners to have limited liabilities as well as limited management decisions
Limited partnership
Act as a general partnership in a certain period of time
Joint partnership
Thus this is the structure of the company as to the organization, operational strategies, manpower, and required services.
How you intend to establish effective relationship towards your clientle.
Marketing plan
Business and company, patent registration
Name should be legally accepted in the category
Above 18 yrs. old, with sound mind and has no declaration of bankruptcy in the Philippines and others countries.
Legal Framework
It is the business association whose legal entity is separated from it’s owners. Wherein it continues to exist even an owner was incapacitated or after death or changes in the company members.
Company
Types of Companies
Public Limited Companies (PLC)
Private Limited Companies by shares (ltd)
Is a residence that is equipped and staffed to provide care for people with serious medical conditions
Nursing home
Types of Nursing Homes
Maternity nursing home
Home for the critically ill/terminally ill
Home for the elderly
Home for the mentally ill
Convalescing home
Refers to the legal ownership of a commercial enterprise e.g a nursing school or a nursing home
Proprietorship
Means to “keep an eye on things”, ei. To ensure that ongoing activities are being implemented according to a pre-determined schedule or set of interventions
Monitoring
Implies that activities are assessed periodically by both parties and beneficiaries to assess the impact as stated in the programme’s objective.
Evaluation
Types of Monitoring
Input monitoring
Activity monitoring
Output monitoring
Impact monitoring
It determines whether resources are being mobilised as planned for example funds
Input monitoring
Types of Monitoring
Are being carried out as planned
Activity monitoring
Whether services are being delivered
Output monitoring
Explores what is working well or not in nursing enterprise
Impact monitoring
