Nur841 Business Plan Assignment: Students will develop business plans as part of the assignment for NUR841. Students will form into work groups (with a maximum of 5 me mbers) by the third week of class. In the third week of this class, there will be a seminar on business plans and why they are important for APNs. Each group will be expected to develop a business plan for an ‘ideal’ Clinic, Nursing Center or Nursing Service for which APNs are providers. The plan needs to have a realistic financial plan including cost and methods of reimbursement. Components of the plan include: Purpose and mission statement History of Business Marketing Plan Organizational Structure Financial plan Ope rating or Manage ment Plan Executive Summary The emphasis should be on businesses that APN's could be a significant partne r in. The financial information needs to be as accurate as possible. You will be given some tools for this component. Your mission statement is an important component and should be determined in the beginning of the process. A clear definition of services will help determine the success of your business plan. The financial component has to have some future projections, as most businesses don't make money in the first year or two. Remember you will need to find funders for your project if you were really to develop the business. You will also be expected to come pre pared to present this business plan to the class. The business plan will need to be presented in a professional format as if you we re presenting your plan to potential investors. You may use power point or other visuals if you like. Developing the business plans will help you have an understanding of the finances and marketing needs of your future practice. As you develop the organizational structure and manage ment plan you will develop awareness of questions and issues which will be important to explore in your future employment opportunities. Your business plans will be evaluated on need, feasibility, creativity, completeness and overall quality of the presentation of material. The project will require your entire group participation. Each individual will need to be an integral me mber of the team. Your grade will be a group grade.