A mobile drug testing business plan explains both the method and the market for a business that profits from drug testing engagements contracted out by client companies. In the current economy, with no shortage of qualified workers eager to take a job, there is no reason to run the risk of hiring someone whose substance abuse might impact the success of your business. Realizing that, small business owners and hiring managers at larger corporations and mid-sized businesses are turning (back) to drug testing services to help refine their applicant pool and ensure that the best possible candidates are chosen. As such, there is a significant market opportunity for drug testing companies. A mobile firm in this market space needs a business plan that:
• Shows the market targets for the service
• Defines the travel radius available
• Lists the number of SMBs in that region
• Checks out the competition
• Plots out a marketing strategy
A mobile drug testing business plan should also explore the various legalities of the venture. What licenses and permits do you need? If you perform blood draws on-site, who will fulfill that function and how will you recruit hires? What fees and permits will you need to obtain, aside from general business incorporation and licensure? The business plan should describe the service suite, parse out the risks and opportunities, and get some working pro forma financials together by using information from competitive comparables. Need assistance with the modeling requirements, or want to talk to the professionals about how this plan should be put together? Call the experts at MasterPlans today to learn how the nation's foremost business planning firm can deliver for you: (877) 453-2011.
