Feasibility Analysis

Liability insurance, and especially mall-practice insurance, would be all-important(a) to my business. * Neurology is a continuously expanding profession and this trend get out just about promising spread over upward for some time. * neurological disorders exd to affect the sr. roughly frequently. Taking this into consideration (along with the retirement of the baby-boomer generation) the demographics of my customers will most likely incorporate of elderly patients. The Industry & Market * The healthcare pains will almost definitely continue to expand nation-wide. * My market practice is to the highest degree unlimited. I can increase the size of my business by taking on partners, associates, etcetera * There would not be much competition to begin with, and If were to be the best, then there would be coating to none. * My customer pool would populate of everyone with a neurological disorder.Again, this mostly consists of the elderly. * My potential market pe bring i nration is high considering that many communities convey a shortage of neurologists. Financial Projections * My price would mainly be driven by insurance companies. The likelihood of making a profit is very high considering that most neurologists make between a year. * I am unable to come up with a sales revenue think at tans time Owe to strain projections Dealing Tar In ten Utter out one would submit to owe created projecting from the time of startup, to trine years down the road. A caution represent forecast, would depend on the cost of labor, fixed cost, malpractice insurance, other variable costs, etc. A specific number is impossible at this time. * The gross profit of the mediocre neurologist is roughly 15% the net profit is typically about 7 h So the gross-net profit tolerance is about half. * The fixed operating expenses would consist of property tax, utilities, equipment, etc. The variable costs would be limited, most likely consisting of hiring extra staff upon e xpansion. * Taxes would most likely be high, but so would profits.Hence my income would be fishgig regardless of taxes. Future Action visualise * The start-up capital needed typically runs just about $500,000. * The sources of my start-up capital would most likely consist of loans (from the bank and from my father. ) * A strategic forge must be written specifying any steps that are to be taken but, again, cannot be written at this earlier a stage. * A business externalise must also be written, expand my practice head-to-toe. This will also be written at a afterwards stage. * On a side note, a business consultant is most likely necessary to insure the success and act success of my practice.