Opportunity
Problem
There is a clear lack of services for rural residents. This also applies to XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXV, where Park Square is located.
Solution
Park Square Family Medicine has one mission: to promote health and well being in the area by providing affordable, high-quality medical services for 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 “Economic and Demographic Profile Report,” there’s a growing need for affordable healthcare in the nation and our region. Specifically, the local population (within 35 miles) is predicted to grow approximately 3.5% per year and has a population roughly around 160,000 people.
Competition
Park Square Family Medicine forms part of the larger medical sector, in particular “Offices and Clinics of Medical Doctors.” Private medical practices are small, usually with only 4 doctors. They may offer general or specialty services. They are well-suited for semi-rural and rural areas that do not have enough people to justify a hospital or a larger medical group.
This town has five family physicians, and 160,000 potential patients within 35-miles. These numbers make for a favorable marketing strategy because of the excellent patient-to–doctor ratio.
Why Us?
Park Square Family Medicine has one mission: to promote health and well being in the area by providing affordable, high-quality medical services for all ages. Park Square Family Medicine is dedicated to providing high-quality services that meet the needs of our patients. This will result in a profitable and successful business.
Expectations
Forecast
Our current forecast shows that we are not making realistic profits. We leave it like that for planning purposes, because we know that things will happen to create more expenses as we go. They always do.
Financial Highlights Year-by-Year
Financing is Required
We will need $288,000. It is estimated that $225,000 of this amount will be spent on long-term asset accumulation. The remainder will go towards startup expenses and physician costs.