This medical laboratory business plan template has 34 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our medical laboratory business plan template:
Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary 1 Chart: Highlights 2 1.1 Objectives 3 1.2 Mission 3 1.3 Keys to Success 3 2.0 Company Summary 4 2.1 Company Ownership 4 2.2 Start-up Summary 4 Table: Start-up 4 Chart: Start-up 5 3.0 Services 6 4.0 Market Analysis Summary 6 4.1 Market Segmentation 7 Table: Market Analysis 7 Chart: Market Analysis (Pie) 8 4.2 Target Market Segment Strategy 8 4.3 Service Business Analysis 8 4.3.1 Competition and Buying Patterns 9 5.0 Strategy and Implementation Summary 10 5.1 SWOT Analysis 10 5.1.1 Strengths 10 5.1.2 Weaknesses 10 5.1.3 Opportunities 10 5.1.4 Threats 10 5.2 Competitive Edge 10 5.3 Marketing Strategy 11 5.4 Sales Strategy 11 5.4.1 Sales Forecast 11 Table: Sales Forecast 11 Chart: Sales Monthly 12 Chart: Sales by Year 12 5.5 Milestones 13 Table: Milestones 13 Chart: Milestones 13 6.0 Management Summary 14 6.1 Personnel Plan 14 7.0 Financial Plan 15 7.1 Start-up Funding 15 Table: Start-up Funding 15 7.2 Important Assumptions 16 7.3 Break-even Analysis 16 Table: Break-even Analysis 16 Chart: Break-even Analysis 16 7.4 Projected Profit and Loss 17 Table: Profit and Loss 17 Chart: Profit Monthly 18 Chart: Profit Yearly 18 Chart: Gross Margin Monthly 19 Chart: Gross Margin Yearly 19 7.5 Projected Cash Flow 20 Table: Cash Flow 20 Chart: Cash 21 7.6 Projected Balance Sheet 21 Table: Balance Sheet 21 7.7 Business Ratios 23 Table: Ratios 23 Table: Sales Forecast 1 Table: Profit and Loss 2 Table: Cash Flow 3 Table: Balance Sheet 4 1.0 Executive Summary [YOUR COMPANY NAME] is headquartered in [YOUR CITY], [YOUR STATE/PROVINCE] Contact: [YOUR NAME] Direct Phone: [YOUR PHONE NUMBER] [YOUR ADDRESS] [YOUR CITY], [YOUR STATE/PROVINCE] [YOUR ZIP/POSTAL CODE] Email: [YOUREMAIL@YOURCOMPANY.COM] Introduction The long-term goal of [YOUR COMPANY NAME] is to provide nationally certified phlebotomy and CPR educational programs, and continue to serve the corporate and insurance communities with medical exam services. [YOUR NAME] currently provides both corporations and insurance companies with various medical examination services, including blood work, drug testing and blood pressure readings. The Company plans to expand its medical services business with an educational department that will teach CPR classes to corporate employees, and a 10-week certification courses in phlebotomy to students entering the medical field. [YOUR NAME], the founder of the [YOUR COMPANY NAME], has noticed that the only course offering in the 150 mile target market area for phlebotomy are not fully certified, and graduates are un-able to gain employment without this necessary feature. Therefore she has decided to start a course offering that not only comes with certification, but will also have clinical and lab sessions for hands on experience. Location [YOUR COMPANY NAME] is headquartered in [YOUR CITY], which is in [YOUR STATE/PROVINCE]. The Company The Company's concept will be to have a central location for its insurance agency in home exams clients to come. Many insurance applicants are apprehensive about having a complete stranger come into their home. With a central location between the next two offices in [CITY], [STATE/PROVINCE] and [CITY], [STATE/PROVINCE], [YOUR COMPANY NAME] is aiming on increasing its overall examination numbers. Additionally, many corporations are seeking to lower insurance costs by educating employees in CPR. [YOUR COMPANY NAME] will also offer a CPR certification course. Lastly, [YOUR COMPANY NAME] plans to hold 3 10-week phlebotomy certification courses per year. Our Services [YOUR COMPANY NAME] will continue to provide in-home insurance examinations and corporation drug screening services, while adding CPR and phlebotomy certification programs. The Market [YOUR COMPANY NAME] will continue to focus on its current client base, insurance applicants and corporate employees. Moreover, the Company will begin to target high school and college students who are interested in going into the medical field. Financial Considerations The current financial plan for [YOUR COMPANY NAME] is to obtain grant funding in the amount of $171,000. The grant will be used to remodel the proposed facility and add furniture, marketing and advertising, an SUV-crossover company vehicle, purchase equipment, etc. (for a more detailed list, please refer to milestones table) The major focus for grant funding is as follows: 1. The Company is a minority owned business; a 100% woman owned business 2. Institute and launch two national certification educational programs 3. Upgrade and renovate a hurricane Katrina devastated commercial property Chart: Highlights 1.1 Objectives To renovate and remodel the office and classroom facility Complete 3 phlebotomy certification programs per year with 15 students per course To grow sales by 10+% each year Increase the number of transportation company clients from 8 to 20 1.2 Mission It is the mission of [YOUR COMPANY NAME] to provide the insurance and corporate industries with fast, accurate and private reasonably priced exam services. Moreover, the Company will also provide national certification programs, which will insure the students are fully prepared to enter the workforce after graduation. 1.3 Keys to Success An optimal location; between the cities of [SPECIFY] Provide fast friendly service and accurate readings Ensure that students receive national certifications 2.0 Company Summary [YOUR COMPANY NAME] is a limited liability company formed in [YOUR STATE/PROVINCE]. The Company will expand its current healthcare services to include a healthcare educational division. 2.1 Company Ownership The Company is owned and operated solely by [YOUR NAME]. 2.2 Start-up Summary The following table represents the first two months of start-up costs for [YOUR COMPANY NAME]. Start-up expenses, including licenses and certifications, computer and office equipment total $17,338. Renovation and vehicle purchase costs will total $87,000. Table: Start-up Start-up Requirements Start-up Expenses Legal $500 Stationery & Advertising $1,500 Insurance $2,000 Rent $1,167 Computer & Office Equip. $4,400 Licenses & Certifications $2,730 Other $5,042 Total Start-up Expenses $17,338 Start-up Assets Cash Required $66,662 Other Current Assets $0 Long-term Assets $87,000 Total Assets $153,662 Total Requirements $171,000 Chart: Start-up 3.0 Services The Company currently works for two major industries to provide the following medical examination services: Insurance agencies: Insurance applicants are visited in-home and given a complete medical exam that includes blood pressure diagnosis, EKG measurements, drug screening, etc. Corporations: Employees are screened for drug use and other related performance inhibiting factors. [YOUR COMPANY NAME] intends to add the following educational services: Phlebotomy Certification CPR Certification Blood-born pathogens Certification National Certification 4
