Here is how to write a business plan for a medical clinic.
Are you getting bogged down by the many tiny details of starting your medical clinic business? Such could be attributed to the lack of planning or proper organization. As always, starting a healthcare business isn’t for the faint of heart.
You’ll need to have everything properly figured out and systematically arranged,
This medical clinic business plan template has touched on the sections that must be included in your plan.
Without these, your plan is incomplete and cannot be well implemented. You don’t have to struggle through the process of writing a good healthcare business plan.
You only need to use this template as a guide.
MEDICAL CLINIC BUSINESS PLAN
To write an excellent medical clinic business plan, you’ll need to have certain sections included. They are the executive summary, business description, and the products & services sections.
Others are the market analysis section, strategy & implementation, organization & management team as well as the financial plan & projection sections.
i. The Executive Summary
Anyone that opens your medical clinic business plan is first greeted with the executive summary section. This is a brief introduction as well as a summary of your entire plan.
It describes your business, pinpoints the problem solved, and also identifies your target market.
Also, the financial highlights aren’t left out. Basically, this section is aimed at informing the reader and invoking his/her interest to find out more about the business idea.
How good of a job you do in this section will determine whether you achieve your objectives or not.
As the plan, certain sections are key to every executive summary. Areas you shouldn’t leave out include the business name and location, as well as the products and services offered.
Others include the mission and vision statements, and the specific purpose of the plan.
Business Name & Location
Your medical clinic business should have an identity. That is, it should have a name by which it’s known. Also included is its operational base or where it will be located.
These are fundamental inclusions that introduce your business idea to anyone.
This sets the tone for further discussions of the business concept. Anything else will be built on these.
A medical clinic business is expected to offer medical services to those in need.
All services offered by this healthcare-based business should be provided here. Now, you’ll also find a much detailed products and services section within the plan.
The only difference between this subsection and the other is the level of detail involved. Here, you’ll need to provide the basic services to be offered by your medical clinic
Mission & Vision Statements
By merely reading your mission and vision statements, anyone should have a fair idea of where the business is headed. In other words, the purpose and goals of your medical clinic are unveiled here.
The mission statement highlights the primary objectives of your medical clinic.
It also must be short and not unnecessarily drawn-out as it could lose its meaning. The vision statement defines the purpose for establishing your medical clinic.
It mainly looks at the future and aspirations of the business and should be such that inspires your audience.
Specific Purpose of the Plan
Of course, every business plan should have a specific purpose that’s clearly identified.
What’s the purpose of your medical clinic business plan? If it’s designed to attract investments while also helping you strategize your operations, such should be stated.
You can include any other purposes for which the plan is written.
ii. Business Description
This is where a fuller description of your medical clinic business idea begins.
Here, you’ll need to explain who you are, how you operate as well as set goals you wish to achieve. To get a fair idea of what this section should include, your preferred legal structure should be added here.
Other key descriptive details include a brief history as well as the nature of the business.
What needs do you wish to fill? Other key inclusions to this section are a summary of market or financial highlights in addition to company growth trends.
It’s important to include a summary of short and long-term business goals with details on how you intend to make your operations profitable.
iii. Products and Services
As a service-oriented business, you’ll have to provide all the details regarding what you offer or sell and also state how such service benefits your clients.
Also, consider explaining the market role of your service and state clearly any advantages your service has over those of your competitors.
For any serious business, there needs to be a research and development arm aimed at coming up with better medical services and improving customer relationships.
If there’s any, have such discussed under this section of your plan.
iv. Market Analysis
To have a real shot at establishing a viable medical clinic, you’ll need to conduct a thorough analysis of this sector. Here, your audience gets a fair idea of the depth of your knowledge about your niche area.
Critical aspects of the market analysis section include a sketch of target customer segments as well as an industry description with statistics to back your analysis.
Provide information on historical, current, and projected marketing data for your medical services.
Also, a thorough assessment of competitor strengths and weaknesses will be highly beneficial to your medical clinic business.
v. Strategy & Implementation
Under the strategy and implementation section, clearly state your strategies for sales and marketing with an emphasis on how much will be implemented.
Here, include cost, pricing, promotions, and distribution details.
vi. Organization & Management Team
The inclusion of your medical clinic’s organizational structure is very important.
This will include an organizational chart highlighting key departments and employees. Information about the owners of the business is also necessary. Have a profile of your management team included.
vii. Financial Plan & Projection
The financial plan and projections section touches on many critical areas such as the historical financial data, and realistic prospective financial information.
Also to be added here is a brief analysis of your financial data. These are highly technical aspects that require the input of a professional accountant.
With these points all put together, you have a sound medical clinic business plan that enhances the viability of your business idea.