Assignment #2: Health Care Business Plan For this Assignment #2 “Heath Care Business Plan" you will have to complete a formal paper about your fictional Healthcare Business. The business plan must be related to the healthcare field (e.g., a doctor’s office, a home healthcare practice, a new hospital, etc.). This assignment is worth 100 points (20%) of your course weighted grade. A businesses plan basic components include a current and pro forma balance sheet, an income statement and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make the right decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan package. Additionally, it can tell your sales personnel, suppliers and others about your operations and goals. Your business plan should precisely define your business, identify your goals and serves as your companies resume. Use the following questions below as a template and answer all questions. This paper requires correct grammar, punctuation, and APA format. This assignment is worth 100 points (20%) of your course grade. Points are for thorough content, creativity in the formal paper and correct use of APA format. You are required to have a minimum of Three (3) references and your references can be from refereed peer reviewed journal articles, textbooks, and or credible Internet sources. This assignment requires 10-20 pages (Excluding Title and Reference Page). The assignment should be APA format, typed and submitted on a Word Document, font size 12 font, font names that should be used are times new roman or Calabria (not both), normal margins (no more than 1 inch), double spaced. Do not wait to begin working on your business plan, as it will take some time to complete. The business plan should include the following components: The name of your business A description of your business. Describe your idea; purpose, mission, vision, background information, and description of the product and or service. The business must be related to the healthcare field (e.g., a doctor’s office, a home healthcare practice, a new hospital, etc.) Discuss how your business will meet a significant marketplace need or solve a problem or challenge that currently exists in the community. Discuss why you believe it is worth pursuing. Targeted location (Where you would propose to establish this business and explain your reasoning). Market analysis: Define the target market for your idea, why you think it exists, what you believe to be the size of the market demand for your idea, and who your competitors will be. Discuss how you would bring your product or service to market (how you would go about building or developing your product, service or idea into a real, tangible product or service that customers would want and buy). Perform a S.W.O.T. Analysis. Budget: Create a budget that shows and discuss what it would cost in terms of time and resources to bring it to market and make it available to the public. In doing so, outline your plans to manage revenue (compliance management), manufacture the product or perform the service (including the proposed manufacturing process or method of performing the service) and your projection of the production costs, which may include: material labor, employees, salaries, equipment facility, etc.). Discuss risks and or uncertainties within your proposal: Outline what you believe are the most significant risks and uncertainties that you are likely to experience in bringing your idea to market and discuss how you would deal with them. Marketing strategy: Discuss your marketing and sales strategies. In doing so, discuss: Your target market and how you plan to reach that market (e.g. distribution strategy, pricing strategy, promotion strategy). Discuss how your business will offer a unique value proposition and be able to sustain a competitive advantage in the market. Discuss your marketing plan and budget to promote the business online or offline. Discuss expected Profit and Return on Investments (ROI): Estimate the revenues you expect to earn, as well as the costs and expenses you expect to incur, and the resulting profits you would expect to earn over the first 3–5 years. Remember, even a non-profit business needs to be able to bring in enough revenues to cover its expenses. Estimate the amount of money you think would have to be invested to get your business started. Discuss your assessment of whether or not your business service is likely to be successful.

Identify a clinical issue in your organization, or an issue you are interested in. Develop a PICOT question for that issue. Refer to your readings for developing a PICOT - formatted question. P = Patient, Population or Problem I = Intervention C = Comparison O = Outcome T = Time This discussion activity aligns with: Course Outcome 1.Demonstrate progressive skills in evaluating and incorporating evidence-based practice findings related to clinical environments. AACN BSN Essential II. 6: Apply concepts of quality and safety using structure, process, and outcome measures to identify clinical questions and describe the process of changing current practice. APA format NOTE TO STUDENTS: Right-click the links and open in a new tab to view. Readings: This article discusses implementing evidence-based practice and identifies three areas of potential barriers to the successful implementation: nurse characteristics, organizational characteristics, and relevance/practicality to the clinical setting. Conner, B. T. (2014). Bridging the gap between academia and clinical practice: How to build foundations for translating research and evidence-based practice to the bedside. American Nurse Today, 9(5), 40–43. Permalink: http://ezproxy.umgc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=ccm&AN=103949074&site=eds-live&scope=site This article discusses the following five specific themes that show how nurses are leaders in the clinical setting: role modeling, providing vision, helping students to learn, challenging the system or status quo, and seeking relational integrity. These themes can help ensure that evidence-based practice is supported. Adelman-Mullally, T., Mulder, C. K., McCarter-Spalding, D. E., Hagler, D. A., Gaberson, K. B., Hanner, M., & ... Young, P. K. (2013). The clinical nurse educator as leader. Nurse Education in Practice, 13(1), 29–34. doi:10.1016/j.nepr.2012.07.006 Permalink: http://ezproxy.umgc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=edselp&AN=S1471595312001370&site=eds-live&scope=site Ethical nurse leadership is seen as critical to enhancing health care practice. However, there are nurses who feel as if their leaders do not always behave ethically. This article examines ethical codes of behavior and discusses the lack of attention to this issue in research literature. It offers recommendations for the study and enhancement of ethics for formal nurse leaders. Storch, J., Makaroff, K., Pauly, B., & Newton, L. (2013). Take me to my leader: The importance of ethical leadership among formal nurse leaders. Nursing Ethics, 20(2), 150–157. doi:10.1177/0969733012474291 URL: https://pubmed.ncbi.nlm.nih.gov/23411367/ This article, written by a nursing student, summarizes her perspectives on what makes an effective manager. Seitovirta, J. (2017). What leadership means to me as a nurse. Sigma. URL: https://www.reflectionsonnursingleadership.org/features/more-features/what-leadership-means-to-me-as-a-nurse