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| Purpose of developing a business plan |
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Definition
| Provide data and proposed actions necessary to answer a business question; to project future risks and benefits of a proposed new business venture |
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| Importance of Business Plan in Community Pharmacy |
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| Pharmacist in charge, buy your own pharmacy, district manager-- opening pharmacies, starting new clinical services |
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| Importance of Business Plan in Hospital Pharmacy |
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Definition
| Implementing any clinical service, justifying keeping a clinical service |
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| Executive Summary, Conclusion |
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| Background and description, marketing, operational structure |
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| Finiancial Projections, timetable |
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| Risks and Opportunities, exit strategy |
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| Helps clarify an idea, helps focus actions, may be needed to secure financing, assists in training and guiding employees, doing the "right" thing "right"... |
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| Short- 1 page; summarizes all the main points of the proposal, most important section |
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| Name, Rationale for the program, Mission Statement, Value Statement |
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Definition
| Background and Description |
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| Location Analysis, Competition, Demographics and trends, Products and services, Advertising and Promotion |
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| Organizational Structure, Staffing, Workflow, Hours of Operation, Equipment and resources that will be used, Licensure and additional regulatory or clinical requirements, Insurance, Security |
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| Identifies estimated expenditures and revenue, usually over 3-5 years; addresses start up costs; #2 in importance |
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| Plan for implementing the program, short term and long term goals, may also include responsibility assignments |
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| Strengths, Weaknesses, Opportunities, Threats (SWOT) |
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| Opportunities and Threats |
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| At what point do you exit the business; what will happen to existing customers and staff at that point? |
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| Short summary; provide a recommendation whether or not to move forward |
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| Supporting financial documents, Drawings for use of space, pictures, resume, additional charts and graphs, written lease |
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| Determine responsibilities which need to be fulfilled; Identify skills needed to complete assignments; define outcomes expected; describe work environment |
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| Job Analysis (Staff Planning) |
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| Involves identifying and addressing staffing implications of current and future business plans and strategies; should focus on positions critical to the pharmacy's success |
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| Human resources planning (Staff Planning) |
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| How do we want to get there? |
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| Current environment, forecasting, transition |
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| Steps of proactive human resources planning process |
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