Nurse Practitioner Business Plan. Health, Medicine, Nursing Essay

Nurse Practitioner Business Plan
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After thinking about the business idea, it is necessary to put this in writing and make the business plan as realistic as possible. Even as many people have business ideas, few decide to something to actualize them; nurse practitioners businesses are not that common compared to those focused on consumer goods and businesses, offering other professional services (McLaughlin et al., 2017). The business idea is that besides nursing services, the health team will provide quality care and support to patients and emphasize better health outcomes. One of the top priorities is an emphasis on the professional level of knowledge of science and experience nursing care among professional nurse practitioners to provide quality care.
One of the main requirements to be able to operate a business in Ecuador is to have a company legally in different states is to comply with certain requirements, and follow the right procedures to constitute a legal business entity. To ensure this, the required documentation is completed where the required rates and taxes are paid. The business would first be opened as a sole proprietorship and then incorporated later on. Incorporation is useful to protect the assets, and it is more likely to get external financing than a sole proprietorship. The nurse practitioner is an integral part of the health care workforce, and nurses are essential to the provision of consumer care. There is a positive contribution by the nurses who can deliver services across diverse settings, and this helps to improve the health of the population (Hahn & Cook, 2018). Nurse practitioners improve health outcomes they cater to both the patient needs and population needs.
The financial aspect of the business venture a project is one of the most important parts since their analysis helps determine if the business is viable and if the will be a positive return on investments. The initial investment, the purchase of fixed assets, the expenses at time incorporation, as well as the external sources of financing determined before beginning operations. The calculation of fixed costs and variable costs projections are relevant to prepare the projected financial statements. This also helps to determine whether the financial aspects reflect the financial situation now and in the future as realistic as possible to determine the feasibility of investment.
Costs reflect the payments and financial obligations for the start and the business and subsequent operation, also payments like other expenses and payment to suppliers in each month and each year of operation, the costs are linked to administration, operation, and financing. Similarly, the expenses are the disbursements that the business incurs as part of the activities in the normal course of business. To establish an independent practice, the estimated costs for the business plan areClinical site expenses $35,000Employee structure and expenses $45,000-65,000Supplies $45,000Utilities an...