Can I Keep My Job as a Nurse while I Own a Franchise?
For healthcare providers considering Let Mommy Sleep ownership, a common question is Can I keep my job as a nurse while I own a franchise? While many of our owners want to transition to exclusively owning this small business, others enjoy working at the bedside so they both run their business and continue to work in healthcare. So, the answer to this question is YES, owners provide patient care while owning an LMS franchise, but your decision will depend on your personal situation and preferences.
Can I Keep My Job as a Nurse while I Own a Franchise? Challenges
We're not going to lie to you- unless you have outside help, it probably won't be easy to work in a professional position while getting your franchise started. Here's why:
Time - Owning a franchise can be a demanding job that requires a lot of time and effort, particularly in the beginning stages of starting the business. You'll need to be able to dedicate a significant amount of time especially in the beginning, growing the franchise and building local partnerships.
Balancing all the Parts of the Business - Small business owners definitely wear many hats and even when you hire help, owners can expect to have a hand in recruiting, bookkeeping, case management and being the face of the business. Sometimes decisions need to be made quickly and as the owner, you will need to be accessible
Can I Keep My Job as a Nurse while I Own a Franchise? Solutions
Let Mommy Sleep is here to help you achieve your personal and financial goals and we want Nurses and other professionals on our ownership team. It helps the entire team -and our families- when health care experts, academic authorities and experienced corporate leaders are in the ownership role. Clients love it too; many of our owners sometimes work in the field as baby nurses or providing in-home education to parents to be.
With that in mind, here are solutions to make franchise ownership easier for you:
Set-Schedule - If you have a part-time job or a fixed 3 day schedule that allows for days off during the week, you can manage both your nursing job and your franchise.
Partners or Managers- A partner or admin helper who can respond to phone, email and other inquiries when you aren't there is a great idea whether you have a job or not. One of the reasons LMS is so successful is because we are available to answer parents' questions with compassion and efficiency. This is important when caring for families in one of the most vulnerable time of their lives!
Technology - Our automated web and intake tools mean you'll never miss a call, email or other inquiry. Additionally our social media accounts and corporate communications ensure you won't miss a family, applicant or corporate request!
It's of course very important to carefully consider the demands of both your nursing job and the franchise before making a decision. You may also want to consult with a financial advisor or business coach to help you determine whether owning a franchise is a good fit for your specific situation. We're here to help and you can contact us anytime.