Business Plan Format
You are creating a business plan to add an outpatient lab located on Local Hospital campus. This plan is being submitted to senior leadership of Local Hospital for consideration.
Please complete the General Assumption questions and then complete the Financial Segment.
General Assumptions
Types of assumptions required for the financial portion of a business plan typically include answers to the following questions (Example of Typical Income Statement Assumption Information Requirements):
• What types of revenue?
• How many services will be offered to produce the revenue? (per month)
• How much labor will be required? (FTEs)
• What will the labor cost?
• How many and what type of supplies, drugs and/or devices will be required to offer the service?
• What will the supplies, drugs and/or devices cost?
• How much space will be required?
• What will the required space occupancy cost?
• Is special equipment required?
• If so, how much will it cost?
• Is staff training required to use the special equipment?
• If so, how much time is required, and what will it cost?
1. Financial Segment - Being a finance class, I expect this to be a focus. You need to discuss the assumptions listed below that would relate to this section. You should discuss the financial situation, but then you will need to submit a 5 year cash flow document, along with any others that reflect the operation of the business. You should also include NVP and IRR calculations as a way to justify the project.