Feasibility Analysis

Liability insurance, and especially mall-practice insurance, would be essential to my business. * Neurology is a continuously expanding profession and this trend testament close to possible continue upward for some time. * Neurological disorders tend to affect the elderly most frequently. Taking this into consideration (along with the retirement of the baby-boomer generation) the demographics of my customers will most likely consist of elderly patients. The Industry & Market * The healthcare industry will almost definitely continue to expand nation-wide. * My market practice is nearly unlimited. I can increase the size of my business by taking on partners, associates, etc. * There would not be much competition to begin with, and If were to be the best, then there would be close to none. * My customer pool would consist of anyone with a neurological disorder.Again, this mostly consists of the elderly. * My potential market penetration is high considering that more communities have a shortage of neurologists. Financial Projections * My pricing 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 forecast at tans time Owe to tense projections Dealing Tar In ten Utter out one would need to owe created projecting from the time of startup, to tether years down the road. A attention cost forecast, would depend on the cost of labor, fixed costs, malpractice insurance, other variable costs, etc. A specific subject is unattainable at this time. * The gross profit of the average neurologist is roughly 15% the net profit is typically about 7 h So the gross-net profit margin 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 additional provide upon expansion. * Taxes would most likely be high, but so woul d profits.Hence my income would be gig regardless of taxes. Future Action Plan * The start-up capital needed typically runs roughly $500,000. * The sources of my start-up capital would most likely consist of loans (from the bank and from my father. ) * A strategic plan must be written specifying any steps that are to be taken but, again, cannot be written at this early a stage. * A business plan must also be written, detailing my practice head-to-toe. This will also be written at a later stage. * On a side note, a business consultant is most likely demand to insure the success and continued success of my practice.