Power point buisness in clinical practice

WHAT IS IT?

• Road map to the future

• Set of goals & how to reach them

• Description of your project with marketing strategy & financing

WHEN DO YOU NEED ONE? • New project

• New business

• New equipment

• New product line

• Looking for a partner

• Justifying adding staff

MAJOR COMPONENTS •Overview

•Financial Plan

•Resource Requirements/Assets

I. OVERVIEW: 1. Organizational Description 2. Management 3. Business Concept 4. Market Analysis

Overview: Description •Brief Summary

•Mission

•Goals/Objectives

Overview: Management

•You in a nutshell

•Others involved

Overview: Business Concept

•What you are going to do

•Why this is needed

•How you are going to do it

Overview: Market Analysis

•Who is doing this now

•Opportunities

•Competition

II. FINANCIAL PLAN 1. Financial Model 2. Pricing Assumptions 3. Annual Projections for 3-5 Years

Financial Plan: Financial Model •Cost Approach

How will you keep costs down

•Capital Expenditures How will you decide How long to pay them off How to get more

Financial Plan: Pricing Assumptions •How will you get money

•How have you decided on what to charge

•What about “no pays”

•Succinct, well-thought-out

Financial Plan: Annual Projections •Number of Clients/Visits/Births •Revenues •Expenses •Possibly Allocation of Expenses to Fees

•Revenue & Expense Budget

III. RESOURCE REQUIREMENTS/ASSETS 1. Capital Equipment 2. Fixed Supplies 3. Variable Supplies 4. Current Assets

Resource Requirements: Capital Equipment

•Define Capital Equipment ($$$)

•List what you will buy

Resource Requirements: Fixed Supplies •Are NOT dependent on number of clients/visits/patients

•Do not routinely have to be replaced

•May be capital expenditures

•EX: Desk, computer, autoclave, scale

Resource Requirements: Variable Supplies • Dependent on how many clients/patients/visits

• Often a one time use and/or disposable

• EX: Office paper, tape pencils, toilet paper etc. Gauze squares, lancets, needles, gloves, meds, etc.

• Inventory list for each room (reception, restroom, exam room, etc.)

Resource Requirements: Current Assets •What You Already Own & Its Replacement Value

-Medical Equipment/Supplies -Office Equipment/Furnishings

•Your Business Account -Average Balance

ADDITIONAL FORMATTING Title Page Table of Contents Appendices

OTHER CONSIDERATIONS Lab Accounts City Codes & Zoning Regulatory Agencies Consultant & Collaborative Agreement