Making a business plan for your facilitator business can be an overwhelming assignment; Nevertheless, it doesn’t have to be. If you have a clear vision and defined goals, then you have the formula to compose a meaningful business plan for your medical tourism agency. Your business plan should be an organized documentation of your ambitions and essential objectives for your startup.
A business plan integrates all the strategies you’ve thought about into a highly organized and prioritized plan of action. This is achieved by breaking down the strategies you developed into achievable (short-term and long-terms goals) steps and then identifying the actions you need to take for each step. A business plan identifies the business goal (what you would like to achieve) and the strategies that can be implemented to reach that goal. A business plan is guidance, an important assistant for anyone who starts or runs a medical tourism business. Business plans can consume some time to make them, but in the long term, you may save much time and cash flow.
A business plan for your medical tourism facilitator business is essential if you wish to highlight the goals of your enterprise. However, besides being a document that you can return to for guidance every now and then, a business plan serves the following purposes:
-To provide the facilitator with a clear and integrated vision of the company.
-To provide potential investors a complete detail about the business and its goals.
The business plan you create should clearly state what your plans as a business are, including the mission and vision. It’s supposed to provide an architectural map that gives your enterprise the foundation to be built upon and grow. In other words, it should contain precise details and clarity.
The following are some of the most imminent components of your business plan:
-Title Page and Table of Contents
-Strategy and Implementation Goals
To demonstrate what a business plan should look like, we have created an example one for a made-up enterprise called Travel 4 Care.
We have a complete example of a medical tourism business plan that can act as an essential road map and blueprint for your medical tourism company. Our example business plan can be tailed to your companies liking. It also projects years ahead and outlines the route that your company can take to grow future revenue.
This is an example Executive Summary: Travel 4 Care is located in Miami, FL, and specializes in medical tourism by providing optimum packages for medical travel for clients residing in the United States and Canada. The founders and employees of the enterprise are healthcare professionals and seasoned medical facilitators who are skilled, dedicated and passionate about the services Travel 4 Care offers.
Travel 4 Care primary target is to promote medical tourism for cosmetic/esthetic and dental procedures for clients aged between 40 – 65 years of age with high income who travel abroad at least twice a year for recreational purposes. Travel 4 Care is geared towards providing clients with a prestigious experience with medical procedures abroad. Being able to provide VIP concierge experience and high end accommodations, private transfers and one-on-one attention during the entire trip, Travel 4 Care has a competitive advantage over other businesses in the industry. Travel 4 Care plans to procure clients via one-on-one contact, media outreach programs, grass roots seminars, travel agencies that work in the industry and a fully functional and interactive website.
For increasing the market share and bond recognition, Travel 4 Care sells medical tourism packages for a slight profit, which means for the first year, profit margins may be low. The enterprise is positive that with increased brand recognition and a loyal customer base, the company will be able to adjust package pricing to enhance the operating profit margin.