Business plans for physics lab show the market potential of a physics laboratory by using intelligent assumptions about the prospective users/tenants and showing a long-term pro forma that weighs the costs of operating it against the revenues it can achieve. A physics lab requires specialized equipment, and you have to research these devices and look into the different issues that play into them (own vs. rent, permitting/licenses, footprint required, etc.). You also have to know a thing or two about the likely customer base. Would you rent the lab hourly to armchair scientists, or have it commissioned by larger companies looking to do research? Answer the following:
• Who are the main competitors in this space?
• What is the area market like (large firms, research schools, universities, etc.)?
• What alternatives exist for your clients now?
• What amount of capital would you need to raise?
• What is the start-up timeline, and when can you reach break-even?
The business plan also needs to explore issues like marketing strategy. What will you need to do to get people into the lab and using it regularly? Are there specific marketing channels that other labs have found successful? This should flow into the pro forma financial tables you make. In order to get a bank loan, you will need to show a period of three years for the following tables: revenue forecast, profit and loss, cash flow, and balance sheet. Showing a break-even point, personnel plan, and a sensitivity analysis is also important. MasterPlans can help you write this plan, or just make the model work as you need it. Call our team of experts today by dialing toll-free: (877) 453-2011.
