Opportunity
Problem
Obvious lack of medical services in rural areas in general. This also applies to XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXV, where Park Square is located.
Solution
The mission of Park Square Family Medicine is to promote the health and well-being of the local population by providing accessible, high-quality medical care for people of all ages. Park Square Family Medicine is determined to deliver services that surpass the expectations of patients. The result will be a profitable and successful business.
Market
According to the “Economic and Demographic Profile Report” for the area, there is a growing demand for affordable health care in the country and the region. The local population within 35 miles of the city is expected to grow by approximately 3.5% annually and have a population of around 160,000.
Competition
Park Square Family Medicine belongs to the wider medical industry, namely “Offices and Clinics of Medical Doctors.” Private medical practices can provide specialist or general services. They are usually small (1 –, 4 doctors). They are well-suited in rural and semirural areas that often lack sufficient population to make it feasible to have a hospital or large medical group.
In this 15,000-person town, there are five family doctors. There are 160,000 possible patients within 35 miles. These statistics make it a good place to market your marketing efforts.
Why Us?
The mission of Park Square Family Medicine is to promote the health and well-being of the local population by providing accessible, high-quality medical care for people of all ages. Park Square Family Medicine is committed to providing services that will exceed the expectations of our patients, resulting in a successful and profitable business.
Expectations
Forecast
Our current forecast predicts unrealistic profits. It is a plan that we leave as it is for planning purposes. We know that unexpected events will cause more expenses. They always do.
Financial Highlights Year-by-Year
You will need financing
We are going to need a loan for $288,000. It is estimated that $225,000 of this amount will be spent on long-term asset accumulation. The remainder will be used for medical expenses and startup expenses.