Free Pain Management Clinic Business Plan
For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials
in this complete free business plan are completely fictitious and may not
match the text of the business plan below. This free business plan demonstration
purposes only. If you are interested in purchasing the completed editable MS Word
and Excel documents for this business plan, please click the button below! Also,
the text of the business plan is formatted with a fully automated
table of contents.
It should be noted that there is no special software required to use these
templates. All business plans come in Microsoft Word and Microsoft Excel format.
Each business plan features:
- Excecutive Summary
- Company and Financing Summary
- Products and Services Overview
- Strategic Analysis with current research!
- Marketing Plan
- Personnel Plan
- 3 Year Advanced Financial Plan
- Expanded Financial Plan with Monthly Financials
- FREE 30 Page Sample Private Placement Memorandum
- FREE PowerPoint Presentation for Banks, Investors,
or Grant Companies!
1.0 Executive Summary
The purpose of this business plan is to raise $150,000 for the development of a medical practice focusing on pain management while showcasing the expected financials and operations over the next three years. Pain Management Clinic, Inc. (“the Company”) is a New York based corporation that will provide pain management to customers in its targeted market. The Company was founded by Dr. John Doe.
1.1 Products and Services
Pain Management Clinic will provide anesthesiology and pain management services to patients throughout New York metropolitan region. These services will consist of diagnostic procedures, management of pain medicine doses, ortho-molecular therapy, EMI treatments, acupuncture services, and nutritionist services. The practice will receive reimbursement from patients, private insurance carriers, Medicaid, and Medicare. The third section of the business plan will further describe the services offered by the Pain Management Clinic.
1.2 The Financing
Dr. Doe is seeking to raise $150,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate. The financing will be used for the following: • Development of the Company’s Pain Management Clinic location. • Financing for the first six months of operation. • Capital to purchase medical equipment. Dr. Doe will contribute $25,000 to the venture.
1.3 Mission Statement
Dr. Doe’s mission is to become the recognized leader in its targeted market for pain management services.
1.4 Mangement Team
The Company was founded by Dr. John Doe. Dr. Doe has more than 10 years of experience as a practicing physician. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
1.5 Sales Forecasts
Dr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
1.6 Expansion Plan
The Founder expects that the business will aggressively expand during the first three years of operation. Dr. Doe intends to implement marketing campaigns that will effectively target individuals within the target market.
2.0 Company and Financing Summary
2.1 Registered Name and Corporate Structure
Pain Management Clinic, Inc. The Company is registered as a corporation in the State of New York.
2.2 Required Funds
At this time, the Pain Management Clinic requires $150,000 of debt funds. Below is a breakdown of how these funds will be used:
2.3 Investor Equity
Dr. Doe is not seeking an investment from a third party at this time.
2.4 Management Equity
John Doe owns 100% of the Pain Management Clinic, Inc.
2.5 Exit Strategy
If the business is very successful, Dr. Doe may seek to sell the practice to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Pain Management Clinic. Based on historical numbers, the business could fetch a sales premium of up to 2 to 3 times earnings.
3.0 Products and Services
At the onset of operations, Pain Management Clinic intends to develop a medical clinic that will be staffed by Dr. Doe and a lab technicians that will perform pain management treatment for the New York metropolitan area community. The Company will offer many of the services that are common within this specialty including treatment of medial issues including pain screening test, epidurals, chronic pain treatment, and other procedures associated with the practice of pain management and anesthesiology. Dr. Doe intends to provide these services at the clinic only. In the future, Pain Management Clinic, Inc. will seek to hire additional anesthesiology trained physicians that will expand the practice organically through increased patient flow.
4.0 Strategic and Market Analysis
4.1 Economic Outlook
This section of the analysis will detail the economic climate, the medical industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. However, Pain Management Clinic’s operate with great economic stability as people will continue to require medical care despite deleterious changes in the general economy.
4.2 Industry Analysis
Within the United States there are approximately 200,000 medical practices (excluding mental health practices) that comprise of one or more doctors that act in a private practice capacity. Each year, these practices generate more than $190 billion dollars of revenue and employ more than 1.8 million people (including the doctors). The growth of this industry has remained in lockstep with the growth of the general population. Approximately 5% of these doctors retire each year. Approximately 16,000 doctors enter private practice each year.
4.3 Customer Profile
The Pain Management Clinic’s average client will be a middle class man or woman living in the Company’s target market. Common traits among clients will include: • Annual household income exceeding $50,000 • Lives or works no more than 15 miles from the Company’s practice location. • Has medical insurance. • Is in need of regular (non-emergency) pain management medical services.
4.4 Competitive Analysis
This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.
5.0 Marketing Plan
The Pain Management Clinic intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Pain Management Clinic.
5.1 Marketing Objectives
• Establish relationships with other doctors within the targeted market.
• Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth.
• Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.
5.2 Marketing Strategies
Dr. Doe intends on using a number of marketing strategies that will allow the Pain Management Clinic to easily target men and women with ongoing pain management needs within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public. The Pain Management Clinic will also use an internet based strategy. This is very important as many people seeking local services, such as pain management doctors, now the Internet to conduct their preliminary searches. Dr. Doe will register the Pain Management Clinic with online portals so that potential customers can easily reach the business. The Company will also develop its own online website. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the pain management services that the Company is selling.
In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.
6.0 Organizational Plan and Personnel Summary
6.1 Corporate Organization
6.2 Organizational Budget
6.3 Management Biographies
In this section of the business plan, you should write a two to four paragraph biography
about your work experience, your education, and your skill set. For each owner or
key employee, you should provide a brief biography in this section.
7.0 Financial Plan
7.1 Underlying Assumptions
• The Pain Management will have an annual revenue growth rate of 16% per year.
• The Owner will acquire $150,000 of debt funds to develop the business.
• The loan will have a 10 year term with a 9% interest rate.
7.2 Sensitivity Analysis
In the event of an economic downturn, the Company will not see a major decline in revenues. Medical services (including pain management) are in demand regardless of the general economic climate as they are an essential service for health.
7.3 Source of Funds
7.4 General Assumptions
7.5 Profit and Loss Statements
7.6 Cash Flow Analysis
7.7 Balance Sheet
7.8 General Assumptions
7.9 Business Ratios
Expanded Profit and Loss Statements
Expanded Cash Flow Analysis