Group Projects The purpose of the group projects is to give students an opportunity to explore course topics in greater depth, conduct independent research, and apply their knowledge in a practical context. Student groups will prepare and present a project based on one of the following prompts. Your group is a team of entrepreneurs seeking to start a new health care delivery company. Chose a type of company (e. g.
, an ambulatory surgery center, a long-term acute care hospital, a physical therapy clinic, etc. ) and write an original business plan for presentation to a bank loan officer.There is no strict requirement for the page limit or format of the business plan; provided, the business plan should include the following information: A. Executive Summary B. Company Description i. Generally, what does the company do? ii.
How is the company legally organized? iii. What are the risks and benefits associated with the company’s legal form? iv. Where is the company located? v. Who owns the company? C.
Market Analysis i. Describe the industry in which the company operates. ii. What trends are shaping the industry? iii. Who are the company’s customers? v.
How will the company attract customers? v. Who is the company’s competition? vi. How will the company differentiate itself from its competition? D. Legal Analysis i.
What laws and regulations are particularly significant to the company’s business? ii. How will the company seek to comply with applicable laws and regulations? iii. What changes to current laws and regulations are expected, if any? iv. What legal liabilities might the company expect to face? v. What federal or state departments, agencies or boards govern the company and the company’s business? i. What health care specific licenses or permits are required to operate the company’s business? vii.
What accreditation is required to operate the company’s business? viii. Generally, what are the requirements for obtaining and maintaining such licenses, permits or accreditation? E. Operations i. Identify the members of the company’s management team and provide a brief biography of each. ii. Generally describe the company’s management structure and employee hierarchy.
iii. Provide a brief job description for each class of employee. F. Financing i.How is the company currently financed? ii. How much cash does the company desire to borrow? iii.
How will the borrowed funds be applied? iv. How can the company secure repayment of borrowed funds? (E. g. , personal guarantees by owners, collateralizing personal assets, a real property mortgage. ) G. Exhibits i.
Form of legal formation document on file with the state. ii. Summary of key provisions contained in the company’s governing bylaws, partnership agreement, or limited liability company regulations. Groups will present their business plans in class on the final two scheduled lass days. The presentations should be of a professional caliber and delivered as if before a bank loan officer. Each presentation should be no longer than 30 minutes in length.
Groups should be prepared to field questions from the class and should allot time accordingly. All group members should participate in the presentation in some respect. In the way of general guidance regarding the group projects, please keep in mind the following: 1. Be creative. 2. Plan to conduct outside research on topics not directly addressed in class.
3.The outline provided above is not the outline for a complete business plan. Some of you may have experience writing business plans containing additional information, such as financial projections or more thorough market analysis. While you are welcome to include such additional information in your business plan for this class, you will not receive extra credit for doing so. 4. Your business plan will be graded based on the following criteria: 25% Application of legal issues discussed on class 25% Quality of outside research 5% Overall quality and effectiveness of written product 25% Overall qualify and effectiveness of class presentation 5.
There are many resources for instruction on writing business plans. A basic Internet search, for example, will produce dozens of sample business plans for you to review and compare. As with any outside research, students are advised to apply discretion when relying on sources. 6. All work must be original, and plagiarism will result in a failing grade in the course. Students are expected to accurately cite all sources referenced in their business plans.
