Subject: NNBA News ~ Surge in Entrepreneurship ~ Millionaire Habits ~ Conference Registration Info

President's Corner
April 15, 2023
Dear Nurses,

I am going to start this newsletter with the articles of interest below. Why are mid-career workers (ages 35 to 54) starting their own businesses? Why are younger workers (ages 25 to 34) saying they are quitting their jobs? There is a surge in entrepreneurship in the general population due to many of the same reasons there is rapid growth in nurse entrepreneurship. Discover what researchers have found in Reasons Behind a Surge in Entrepreneurship.

Healthcare is big business and to remain marketable and competitive, nurses need to be aware of legislative, financial, and technologic changes in the healthcare marketplace. The CMS Proposes New Nursing Facility Disclosure Requirements is beneficial information especially for nurses that deal with these facilities, advise patients and family members, or nurses that oversee compliance.

In his study, Thomas Corley learned that the rich would rather be educated than entertained. They have a habit of devoting thirty minutes or more each day to self-education or self-improvement. It reminds me of one of Jim Rohn’s more famous quotes, “Formal education will make you a living. Self- education will make you a fortune. Good Habits of Self-Made Millionaires identifies sixteen more, see if you agree.

Many nurses view NNBA’s annual educational conference on entrepreneurship and career alternatives as a launch point for designing their career over the next several years. The strategies and tactics learned, and the connections made with colleagues and successful business owners, give nurses resources they can trust as they pivot their careers into owning their own business. You can check out the speakers, topics, agenda and the hotel information here: Join us August 3-5, 2023 in Las Vegas! Just see these testimonies from the NNBA 2022 Conference:

“Nurses can do anything! The examples and energy in this room is amazing”

“I gained the business knowledge to start my business and all the speakers were very motivating”

“NNBA changes lives!”

“This is my favorite conference! Loved it from the beginning to the end. Awesome, awesome, thank you so much and I will see you next August in Las Vegas!”

“So many takeaways, so inspiring, exciting and motivating!”

“I just joined NNBA and signed up for the Conference. It has been a great experience! I’m absolutely thrilled! Exactly what I am needing!”

“This was my first conference and WOW is all I can say. Thank you and the team, for a fabulous job and creating this space to lean in, connect and learn as new nurse entrepreneurs. I’m already registered for next year’s conference in Las Vegas!”

“I loved the mix of experienced and novice nurse entrepreneurs. The conversations and encouragement were phenomenal”

“Excellent advice and tips from ALL the speakers…they were all inspiring and interesting, and genuinely want to help us. Always generous in sharing their knowledge, each one of them, thank you everyone!”

“Empowering Nurses through Entrepreneurship caught my eye when I read about the NNBA. The speakers and all the nurses here are wonderful”

“I was ready to change course in my career, this conference is the perfect springboard!”

Make sure you are there for #NNBA2023 Nurse Entrepreneurship & Career Alternatives Conference, August 3-5, 2023. Join us in Las Vegas and discover how your diverse experience as a nurse translates into high demand and emerging business opportunities.

Unconventionally yours,

© Michelle Podlesni 2023 All Rights Reserved. This newsletter may not be 
reproduced in any form, whole or in part without the author’s permission.
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Articles of Interest
Reasons Behind a Surge in Entrepreneurship

Nearly every entrepreneur I know says they work longer hours as a small-business owner than they did when they worked for someone else, since the average startup founder's mantra is, "If it is to be, it's up to me."

Nearly every one also admits they worry more about their income than they did when they were employees. After all, have a bad week at your job and you still get paid.

Long days, long nights, long weekends, with potentially little financial reward to show for all that effort, especially early on?

Sounds like the perfect recipe for burnout.

Yet a new study just published by payroll, benefits, and human resources software firm Gusto shows burnout is actually one of the main reasons why mid-career workers (ages 35 to 54) start their own businesses. While nearly half of younger workers (ages 25 to 34) said they were quitting their jobs in hopes of making more money as business owners, 46 percent of mid-career workers said they started their own businesses because they felt burned out by their jobs.
CMS Proposes New Nursing Facility Disclosure Requirements

Wachler Blog
The Centers for Medicare & Medicaid Services (CMS) recently issued a proposed rule that would require disclosure of private equity (PE) or real estate investment trusts (REITs) ownership, managerial, and other disclosable information for Medicare skilled nursing facilities (SNFs). The proposed rule also includes recommendations for comparable requirements for Medicaid nursing facilities (NFs) at the state level. If finalized, the proposed rule would likely increase the complexity of transactions involving PE or REIT ownership of SNFs and increase the reporting burden of PE or REITs with existing ownership interest in these facilities.

The timing of this proposed rule, according to CMS, is purposefully aligned with the Biden Administration’s recent initiative to improve the safety, quality, and accountability of nursing homes. The proposed rule also complements other recent CMS efforts intended to strengthen provider enrollment rules to “stop fraud before it happens” and stop playing “pay and chase” with individuals and organizations that the agency views as posing an undue risk of fraud, waste, or abuse to the Medicare and Medicaid programs. 
Good Habits of Self-Made Millionaires

Business Insider
All self-made millionaires had to start somewhere.

Much of their transformation from ordinary to seven-figure status can attributed to "rich habits," a term coined by Thomas C. Corley, who spent five years researching the daily habits of 177 self-made millionaires.

"From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in life," he wrote in his book "Change Your Habits, Change Your Life."

"There is a cause and effect associated with habits. Habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, bad relationships, good health, or bad health."

The good news is that all habits can be changed, Corley said. Here are a few "rich habits" of self-made millionaires that you can start developing today.

1. They read consistently. 

The rich would rather be educated than entertained.
The NNBA is the #1 trusted resource of helping nurses succeed in business. We have been in the business of educating and empowering nurses through entrepreneurial models for the past 37 years. Over the years, we've had thousands of testimonies on the transformative quality of being a member and attending our annual educational conference on nurse entrepreneurship. Nurses make great business owners!
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NNBA News - Volume 23; Number 4.5
Michelle DeLizio Podlesni - Editorial Director -
Lou Podlesni - Digital Editions Director -
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