NUR 616 ROLE II Business plan

There is no length limitation for this assignment.  It is important to be concise and thorough.  Follow the prompts in each section. BE CREATIVE, BUT REALISTIC. Write in complete sentences.  For those sections that allow you to list items, complete sentences are not needed.

According to the Ernst and Young Business Plan Guide, “the business plan must walk a fine line in content and tone of presentations. The information must be accurate, yet must convey a sense of optimism and excitement.

The tone should be formal. If there is too much form over substance, others will not take the plan seriously.  Therefore, a viable business plan paints a picture of the proposed business in a provocative way. 

Even minor errors in spelling and grammar can suggest substantial negatives regarding the entrepreneur. Have someone skilled in this area review the plan to eliminate these minor annoyances that may have a negative impact on the reader.”

Market Needs
 

Does the PMHNP select the proper information to present?  Is there analysis of key demographic data of the chosen community, supported by relevant research?  Is there analysis of how PMHNP services meets a specific want or need of the specified community?  How will the NP differentiate herself/himself from competitors?

Competitors

Does the PMHNP comprehensively assess both tangible and intangible strengths and weakness of other mental health providers in the community & surrounding area? 

Opportunity

Does the PMHNP identify sufficient opportunities to collaborate and/or compete with mental health providers in the community and surrounding area? 

Mission
Statement

What are the PMHNP’s core values?  What are the underlying principles or beliefs guiding the PMHNP? How will the PMNP put these beliefs into practice? Why did this PMHNP start this independent practice? Who will be the beneficiaries of the PMHNP’s practice? What makes the PMHNP’s practice unique compared to others? How will the PMHNP accomplish her/his purpose?  How does this PMHNP want to be remembered in the community?

Bio

Does the professional biography of the PMHNP go into depth about her/his background?  Are credentials and educational preparation included?  Is there an explanation about the role of a NP?  Does the bio state that the PMHNP participates/does not participate in insurance panels?

Legal

Does the chosen legal structure provide a suitable rationale?

Costs,

Services,

& Pricing

What are the projected costs for launch?  Have the full spectrum of costs been considered?  If included, how will new staff positions be funded?  How will the independent practice be initially funded (e.g., personal savings, loans, investors, etc.)?  What types of traditional and non-traditional sources of money/funding/capital can be accessed?   What prices are appropriate for PMHNP services in the chosen community? Are targeted patients in this community willing and able to pay for such PMHNP services?

Policies

Are the listed policies well-defined and practical? 

Timeline

Based on available time and resources, is the timeline provided realistic and achievable?  Are target dates included for the completion of each phase? 

Collaborative
Practice

Agreement (CPA)

Does the CPA meet all requirements to practice as a NP in New York, pursuant to NYS Department of Education statutory rules? Do the protocol texts listed represent a robust selection of current evidence-based literature?

Structure and

logical progression of ideas

Is there a clear and elegant 

arrangement of words, sentences, and paragraphs to create a cogent business plan and CPA? 

Writing style is clear and free of errors

Is syntax mindful of the audience of this business plan and CPA?  Are there major/minor errors in grammar and spelling?

Overall impression of the business plan and CPA

Is there synthesis of sources to help support the case for launching an independent practice in the selected community?  Does the overall business plan engage the reader with appropriate creativity?