Episode 7: Strategic Business Plan part 2/3
Continuing to build your Strategic Business Plan, in this episode we focus on Products & Services and Market Analysis.
Strategic Business Plan -- the blueprint bringing your vision to a tangible reality!
Strategic Business Plan, your complete business plan composition including Company Description; Products & Services; Market Analysis; Strategy & Implementation; Organization & Management; Financial Forecast & Feasibility Analysis
Remember, it's all about your practice vision-- scope of care and patient experience, professional & personal goals, and exit strategy.
Your Strategic Business Plan is composed of 7 key areas:
Executive Summary— provides prospective investors, associates, & purchasers with a general snapshot and layout of the practice.
Company Description—high-level view of the practice explaining who you are, how you operate, and what your goals are.
Products & Services
Market Analysis
Strategy & Implementation
Organization & Management Team
Financial Forecast & Feasibility Analysis
The Strategic Business Plan will serve as the guiding light through your cold-start journey (and beyond!), and position you to qualify for optimal financing amount & terms!
Part of your modern Optometry practice's business foundations, the Strategic Business Plan provides the blueprint to bring your vision to a tangible reality!
Your complete business plan composition including Company Description; Products & Services; Market Analysis; Strategy & Implementation; Organization & Management; Financial Forecast & Feasibility Analysis...
In this episode of The Cold Start Corner, we explore Products & Services, and Market Analysis components of your plan. Remember, it's all about your practice vision-- scope of care and patient experience, professional & personal goals, and exit strategy!
Your Strategic Business Plan is composed of 7 key areas:
• Executive Summary
• Company Description
• Products & Services— describe scope of care & products with a focus of patient benefit, features, cross-selling, lifetime value, pricing strategy, and net revenue.
• Market Analysis—indicates industry trends, target customer segments, what needs you are filling for them, and the latest trends among these consumers in terms of growth and behavior.
• Strategy & Implementation
• Organization & Management Team
• Financial Forecast & Feasibility Analysis
The Strategic Business Plan will serve as the guiding light through your cold-start journey (and beyond!), and position you to qualify for optimal financing amount & terms!
For more modern Optometry practice cold-start insights & solutions
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