HCA 459 week 3 DQ 1

Ashford 4: – Week 3 – Discussion 1

Strategic Planning and Budgeting

   Imagine you are considering the possibility of operating a small business or   practice related to health care, either as a provider of some sort of care or   as a service intended to support various provider organizations in their   care-delivery activities. 

1. Describe the kind of entity        you plan to establish by stating the service or services you propose to        deliver and the kinds of clients or customers you would be serving.          
2. Write a few sentences        offering compelling reasons for your proposed venture, explaining why        you believe it is needed and by whom it is needed.  Also discuss        any competition you foresee.   
3. Develop an estimate of how        much money you will require to become established in business, and state        how you would finance your venture. Also discuss your plans for        maintaining your budget. 
4. Create a mission or vision        statement for your organization. 

 Guided Response: Review several of your classmates’ posts.    Provide a substantive response to at least two of your peers.  Comment   on the business proposals and budgetary plans your classmates have   presented.  Do you think these plans are viable?  Discuss the   advantages and disadvantages of these business ventures from a strategic   planning and operational standpoint.