This is your opportunity to think like an entrepreneur! Think of an idea that you have for a new health care organization or service. For this written assignment, you are to write the Service Description section and create the first year’s Income Statement sections of a business plan for your organization or service.) The purpose of this assignment is for you to develop a better understanding of the various components of a business plan. Of course, if you were developing a business plan for a real business idea, your document would be 50+ pages long. For the purposes of this assignment, you only need to demonstrate that you know what information needs to be included and do not need to provide that level of detail. For this reason, the assignment should include a 1-page Service Description (excluding the header) and a 1-page Income Statement (excluding assumptions). You should use Exhibit 23-2: Basic Information for the Service or Equipment Description and Exhibit 23-6: Basic Assumptions for Business Plan Income Statement Projections as a guide for your work. You can also refer back to the Operating Budget that you created earlier this term and Table 15-4: Static Budget Example for an Open Imaging Center (p. 182).
In order to accomplish your projected Income Statement you will need to make some assumptions. Be sure to clearly identify these assumptions. I encourage you to keep your Income Statement simple! It is better to be simple and correct, then complicated and wrong. Then write another page description of your new business and comment on any financial concerns that you have for your new organization.