What You Need to Know About Starting up Your CNA Business

DYDTraining  July 5,  2020| Posted By Admin

Setting up a certified nursing assistant (CNA) school is about one of the best businesses you can start right now. With an estimated 1.5 million jobs expected to open between 2018 to 2028 (an increase of 41%), it is safe to say demand in the industry has never been higher. 

The CNA business industry, currently worth more than $100 billion, is growing at a much faster clip than the 9% average for all occupations. Considering this, it’s no surprise that the value of the industry is expected to hit $173 billion by 2026. 

 

The Small Business Administration reports that 1 out of 5 startups fail in the first year, and only half of all startups cross the five-year mark. Even worse, only 1 out of 3 startups will live to see their ten-year anniversary. 

 

What the statistics show is that it is not just enough to start your CNA School and hope for success. You must take deliberate steps to ensure that you not only start well but also do enough to ensure you have a business that will thrive. 

 

 

How do you this? That’s what you’re going to learn right here. 

 

Are there steps you can follow to start up your CNA business?

Definitely. Every state has specific requirements that prospective nurse aide business or school is expected to satisfy, before they can set up functioning programs. Apart from this, there are general business procedures and steps that you should ordinarily follow in setting up a CNA business. 

 

To set up your nurse aide school, you would ordinarily have to: 

  • Find startup funding: This must be the first course of every action for every startup. Some funding may be available from state government grants, private foundations or independent donors. The good news, the start-up for a nurse aide school or business, is not much at all. 
  • Draw up your school curriculum: There are also specific requirements for curricula. These often include specific tasks that student must perform and skills that must be imparted. The aim of the requirements is to ensure that students have the necessary knowledge and training to pass the state’s licensing exam.
  • Establish procedures and policies: Schools procedures and policies are designed to help respond to and manage varying situations. States often require the implementation of specific policies before accreditation. For instance, Louisiana requires a student-to-instructor ratio of 1:23 per CNA class and 1:10 for clinical settings. Georgia requires a student-to-instructor ration of 1:14 per CNA class and clinical. 
  • Apply for accreditation: The accreditation process begins with filing an application that includes certain documents. The documents are expected to show that the school has complied with necessary requirements. Some of these documents include resumes of instructors and directors/coordinators, partnership agreement for off-site clinicals and a copy of the school curriculum. 
  • Secure an appropriate facility: The size of facility you would require also depends on your goals as to size. Your funding (either actual or prospective) should determine if you can plan to lease or finalize a purchase. You also must make provision for clinicals. It is possible to partner with a care-facility or hospital in your area for this. You would be required to forward the partnership agreement as part of the accreditation process for your nurse aid program. 
  • Employ staff for the school: CNA instructors must be certified within the state where your school is located. They must have a current license with the state as registered nurse/licensed practical nurse (depending on your State requirements) and are often required to have prior work experience in a long-term care facility. Some states equally require instructors to have completed a training course on how to teach a CNA class or teach adults. These requirements also apply to directors/coordinators. Remember, you do not need to be an RN to start a CNA school business, but you must have these professional teach the classes you offer.
  • Purchase necessary equipment: For your classes, you’ll be needing audio-visual equipment and necessary upholstery. Your lab will also need to be outfitted with hospital beds and other equipment to create a hospital or nursing home environment. You will need office supplies such as phones and computers as well. 
  • Start promoting and offering classes: Having completed all the regulatory steps and application approval, your final task would be to get students in. 

These steps clearly show what you need to do in order to set up your nurse aid school or business. But despite this, many CNA businesses are set up every year, and a large number still end up failing.

Why do CNA businesses still fail? 

This begs the question…

Why do CNA businesses still fail? 

According to Forbes, startups, including CNA business startups, fail for five critical reasons. They didn’t work out because they solved no market need, failed to find capital, found the competition too fierce, priced their customers out or didn’t leverage enough experience with their startup team. 

As the stats reeled out above show, CNA businesses hardly have any problems with finding a market. There’s more than enough demand. This also puts paid to the issue of competition since there’s plenty demand to go around at present. Funding provides a bit of a challenge, but not so much, since nurse aid programs don’t need all that much capital to set up. 

 

The major problem for CNA businesses however, is the knowledge and experience gap. While the steps related above will set you well on the way to starting your nurse aid school, they hardly explain how to ensure your business is successful. You’ll hardly see any article that will explain all the minutiae of setting up and sustaining your own CNA business. Don’t think you can do without the details either, because the devil will almost always be hiding somewhere in there. 

 

To access information at this granular level, you need much more than a few steps pulled off some 1,200-word internet page. What you need is a mentor and a one-stop-shop that will guide you through the process and coach you to success. 

Learn how to set up a CNA business that will thrive

 

Thankfully, you don’t have to wander too far to find the coaching you need. DYD Training’s masterclass provides all the know-how you need to set up and sustain your CNA business, at the granular level. Leveraging on over 25 years of experience in the nursing industry, the masterclass incorporates hard won wisdom that will set you on the fast-track to success. 

 

The focus, in developing this resource, was to ensure that CNA businesses no longer suffer from the knowledge gap that limits so many. The readily available resource can be accessed 24/7 and includes valuable information applicable to any situation in your school.

 

You can sign up and listen to a recorded webinar here 24/7  by opting in, after listening to a 30 seconds information video. In fact, webinar listeners, get a 30% discount on the masterclass.

 

So, take the guess work out of your startup process. Rely on tried and true information from industry experts to ensure your business bucks the trend and kicks on with a bang. Try it out here.  If you want a 30% discount, go to the opt-in page here and sign up first and then it takes you to another page so you can register for the webinar.


Dr. Durrant

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