A blood draw business plan should first describe the way in which you do business. Are you drawing blood on behalf of hospitals or doctors? Or as a direct-to-consumer service for medical testing? The issues of “who is your customer?” and “how do you bill?” are important questions that the business plan should make clear early on. Your business model also is likely to introduce some important questions about training, liability, certifications, and so forth, so make sure the document describes how you hire, train, review, and certify your staff. (This should be an addendum to the personnel plan.) A blood draw business plan also needs to answer:
• How many potential patients are there in your market?
• Do you travel to the end-users or are you part of a clinic?
• What are you generally testing for, or do you only obtain the samples?
• What is the fee structure for this service (i.e., how does the business profit)?
• What is the marketing and implementation plan?
The blood draw business plan should describe some competing business models to yours and give as much detail as is publicly available about the companies you are or will be in direct competition with. What are their approaches to staffing, their sales, and their major market opportunities? The plan should show a pro forma financial model that gives at least three years of projections for sales and revenue, as well as a bottom line profitability figure that investors or bankers can use to determine whether your venture seems like a sound investment. The team at MasterPlans.com can help you make this entire business plan in as little as 7-10 days. Call us today to learn more about how our in-house experts can take the work off your hands! (877) 453-2011.
