- Your initial post should be at least 500 words, formatted and cited in current APA style with support from at least 2 academic sources
Requirements: 500 words
The first step in developing a business plan is to research and develop objectives relevant to the health care venture. The nurse should identify the purpose of establishing an independent clinical practice. This will help identify the targeted group of people; for instance, if the facility’s objectives are to reduce incidents in that pregnant women are not getting timely and efficient services, the target group would constitute pregnant women and children. Identifying the location best suitable to set the facility and the time of operation are also factors to be considered (Hahn & Cook, 2018). The second step of the business process is developing a business profile. This is where the APN outlines the vision and mission statements. The vision statement will help identify the facility’s purpose and what it would want to achieve, while the mission statement outlines the actions that would help achieve the facility’s vision.