# STEP 1: Business Plan

**URL:** <https://hub.sadocs.co.za/t/step-1-business-plan/288>\
**Category:** Private Practice Startup\
**Tags:** guide, private-sector, practice-startup\
**Created:** [February 14, 2024, 8:44am UTC](https://hub.sadocs.co.za/t/step-1-business-plan/288 "2024-02-14T08:44:35Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![SAdocs](https://hub.sadocs.co.za/user_avatar/hub.sadocs.co.za/sadocs/32/554_2.png) [@SAdocs](https://hub.sadocs.co.za/u/SAdocs)\
**Post date:** [February 14, 2024, 8:44am UTC](https://hub.sadocs.co.za/t/step-1-business-plan/288/1 "2024-02-14T08:44:35Z")

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![https___www.lifeofpix.com_wp-content_uploads_2018_04_270-niwat6280-chim-1024x607 png](https://hub.sadocs.co.za/uploads/default/original/1X/dcfe94c5517f9dd96afc7b9b75afe35e2449c75d.jpeg)

_ **Develop a business plan!** _

Many doctors fail at this first but very important step of the process. A business plan will not only help you to **secure funding** where necessary, but also to ensure that you have considered and weighed up all the **materials and resources** required before building this ship.

#### Important aspects to include in your business plan:

- The patient **profile** you wish to serve.
- The **services** you wish to offer.
- Whether you will be **dispensing** medication.
- Whether your practice will be **cash-based** , **medical-scheme** based, or both.
- The demographic **location** of your practice (considering the above).
- Adequate research of potential **competitors** in the area.

🗨_ **Please contribute to this conversation by replying to this topic.** _