Essay About Business Model And Strategic Plan Part

Business Model and Strategic Planning
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Business Model and Strategic PlanningWilhelmina WilliamsBUS/475August 4, 2014Susan HorvatTable of Contents
The costs for starting up a home care facility can range depending on the type of care provided. Starting out, we plan to operate a facility with licensed and trained employees with non-Medicare patients. In the future, our plans are to provide and accept Medicare/Medicaid health care and maybe hospice care. The estimated start-up costs are approximately $75,000. Some of the initial costs are license and fees; computer software and hardware; patient care costs that the owner will have to pay out of pocket that will not be recovered; the facility that will be used for the home health care. There should be a working budget for the first year of operation. There are state and federal rules for starting up a home care business. The business will have to have a logo developed; marketing and sales; office furniture, equipment and supplies; personnel costs and telephone service to name a few. Finally, is a payment to the owner.The beginning phase will start from a one-story house located on four acres of land in Lithonia, Georgia. The house is approximately 4,500 square feet. The house previously was owned by a doctor and a lawyer that have retired and relocated to Florida. Renovations are in place, and there is a construction completion date of October 1, 2014.Business Model and Strategic Plan Part I         Strategic planning is setting goals, objectives, strategies, and procedures that an organization will use to organize and bring into line resources and actions with the mission, values, and vision of the company. When the strategic plan has been executed, managing the plan is a continuing process. It is considered to be the map of the road to success. Strategic planning is very significant to the success of the company. It can be considered as thinking outside of the box. It is the end point of where you want the company to go. This paper will discuss the mission and vision statements, along with the values and factors in determining a strategic plan for Sisterly Luv Home Health Care. Define the Business, Product, and Mission StatementSisterly Luv Home Health Care is a friendly home environment for the elderly and outpatients that require care at home or short-term living arrangements in a home that will supply their medical care with equipment, respiratory and rehabilitation therapy, private-duty skilled nursing care. When patients leave the hospital, our home will be an accommodation that can provide them with all they will need from loving care and products.Mission Statement:Sisterly Luv is committed to providing quality and compassionate health care in a home environment by ensuring:All patients and family are given the ultimate respect, compassion, and trustworthinessWe support and serve our communityAll patient information is confidentialAll services provided are of the highest qualityAll employees are trained professionals and treated with respectVision StatementSisterly Luv Home Health Cares vision statement is to become one of the top valued and preferred organization to all of the surrounding counties in the Metro Atlanta Area. The families will have the comfort and relaxation in their family, and home life knowing we will provide trusting, loving, and professional care to their loved ones. Our goal is to be the most-requested business of this nature. We are looking for ways to expand the company. In doing so, we want to hire employees with modern ideas to help assist in the reality validity of the statement.