Mt.

Hope Counseling Services

Business Plan
PRIVATE CONTRACTOR AND CONSULTANT

Sarah Furtado M. Ed. Candidate| Mental Health Counselor | 7.6.2019

Table of Contents

Executive Summary Part 1

Vision and Mission Statements Part 2

Description of the Practice and Services Part 3

Market Analysis Part 4

Articulation of Management Structure and Operations Part 5

Strategic Implementation Plan Part 6

Financial Statement Forms Part 7

Start-Up Expenses, Expenses, and Taxes Part 8

PAGE 1
Executive Summary Part 1

Product description/ Objective: To safely minister the highest care for the greatest quality of life.

Target Audience: Populations served include all individuals and families located in the New England region.

Competitions: Competitors challenge the success of a private practice. The competitors are hospital services and
agencies that provide medication assisted treatment services.

Risks/Opportunities

SWOT Analysis

CONTRACTOR of PRIVATE CONSULTATION

Strengths Weaknesses Opportunities Threats

Master of Education Insurance coverage Private practitioner is an Breech of

with a concentration qualifications. expert in the Science of confidential
in mental health Business Administration. information.
counseling.
Language versatility.
Private practitioner diligently Illness or
Private practitioner enrolls her time to emergency.
must maintain a If sickness or an institutionalized educational
healthy lifestyle to emergency were to occur investments.
apply new venture coverage of counseling Increased
with delivery of the services proves to be a expenses to cover
highest quality of care. challenge due to lack of Practitioner uses proven client demands
employees. positive testing processes in for security.
the clinical field.
Private practitioner
approaches therapy Private practitioner Evaluations
from a person- works with her own Increasing demand for early potentially would
centered theoretical volition. childhood interventions and not be covered by
viewpoint. psychological testing. insurance
providers.
Lack of abundance of
Private practitioner credentialed employees Increasing demand for
has an active role as a to perform psychological general psychological testing. Discontinuation
Master and a pupil testing. of referral
counselor in the resources.
clinical and traditional Competition is a minimal
continuing threat.
educational settings. Discontinuation
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 of Medicaid
coverage.
With years of
experience, private
practitioner is
superlatively trained
in Child-Centered
Play Therapy.

Practitioner remains
up-to-date with
cutting-edge
technology and
submission of
evidence-based
practices.

Office space to be
handicapped
accessible located near
Morton Hospital and
Taunton State
Hospital.

Scheduling with
practitioner is flexible.

Vision and Mission Statements Part 2

Mission

Private practitioner with a specialty of mental health counseling delivered through a person-centered approach

to therapeutic treatment goals.

Vision

Mental health wellness is the zest of life. Reflection and meditation are the keys to exalting one’s identity. We

must come together as a community of understanding to transform one’s weaknesses into one’s strengths. We

are our greats treasure to mankind.

Description of the Practice and Services Part 3

PAGE 3
Types of counseling:

Individual counseling serves the individual that seeks to enhance their self-esteem at challenging times in life by

focusing topics of discussion that the client most desires to explore.

Couples Counseling

Couples counseling or marriage counseling serves to vocally facilitate communication patterns between couples.

The goal of couples counseling is to reestablish conflicted relationships to harmonic relationships exclusive to

couples.

Family Counseling

Family counseling serves as a complex counseling service that delivers relief to families in crisis. Overall, family

counseling evaluates family dynamics including: relational patterns, family structure, traumatic events,

communication style, attachment theory, and conceptualizations. All members in identified family are to be

present at family counseling services for treatment to be provided.

Group Counseling

Group counseling serves as a dynamic approach to therapeutic outcomes. Group counseling typically serves 8

individualized treatment plans. Topics of discussion are loomed by group-centered therapy.

Market Analysis Part 4

Market analysis is based on the private practitioner’s IT specialist’s market analysis report. Market analysis report

includes: website robot monitoring systems, community response to therapeutic message, publications, and are

expectations being met?

Articulation of Management Structure and Operations Part 5

PAGE 4
Organizational structure is imperial to sustaining a long-term practice. So much so that any form of disruption to

the structure and operations could result in a failed private practice.

Strategic Implementation Plan Part 6

 A proven strategy is a means of survival for the first 5 years of private practice. That can flawlessly

transition to a 10-year business success.

 What is that strategy? To move the practical management skills to professional democracy.

 The promotion of knowledge workers in private practice encourages honorable practitioners alike to be

the leading nation for mental health wellness.

 Three major roles in encapsulates the private practitioner: professional management, supervisory, and

clinical.

 Consider structural change as a contingency plan.

 Reach out to non-profit agencies to contract mt hope counseling services to a greater population.

 To reiterate, a successful private practice relies on the savvy skill to deliver the highest quality and

integrity of care to individuals, families, and communities.

 How will a score be settled? By agreed upon financial reasoning upon satisfaction of services.

Financial Statement Form Part 7

Start-Up Expense and Profit and Loss Statement templates track revenue and expenses of Mt. Hope Counseling

Services. The tracking process gauges losses and gains to assist with future transactions for the greater good of

the private practice. Financial statements allow banks to accept or decline business loans.

PAGE 5
Start-Up Expense Statement Part 8

XStartup
Expenses
your company
Enter
name here

Sources of Capital

Owners' Investment (name

and percent ownership)
Your name and percent $
ownership -

Other investor -

Other investor -

Other investor -
$
Total Investment -

Bank Loans
$
Bank 1 -

Bank 2 -

Bank 3 -
Bank 4
-

PAGE 6
 $
Total Bank Loans -

Other Loans
$
Source 1 -

Source 2 -
$
Total Other Loans -

Startup Expenses

Buildings/Real Estate
$
Purchase -

Construction -

Remodeling -

Other -
Total Buildings/Real $
Estate -

Leasehold Improvements
$
Item 1 -

Item 2 -

Item 3 -

Item 4 -
Total Leasehold $
Improvements -

PAGE 7
Capital Equipment List
$
Furniture -

Equipment -

Fixtures -

Machinery -

Other -
$
Total Capital Equipment -

Location and Admin

Expenses
$
Rent & Related Costs -

Utility deposits -

Legal and accounting fees -

Prepaid insurance -

Pre-opening salaries -

Other -
Total Location and Admin $
Expenses -

Opening Inventory
$
Category 1 -

Category 2 -

Category 3 -

Category 4 -

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Category 5 -
$
Total Inventory -

Advertising and
Promotional Expenses
$
Advertising -

Signage -

Printing -

Travel/entertainment -
Other/additional
categories -
Total
Advertising/Promotional $
Expenses -

Other Expenses
$
Other expense 1 -

Other expense 2 -
$
Total Other Expenses -

$
Reserve for Contingencies -

$
Working Capital -

Summary Statement

Sources of Capital

PAGE 9
Owners' and other $
investments -

Bank loans -

Other loans -
$
Total Source of Funds -

Startup Expenses
$
Buildings/real estate -

Leasehold improvements -

Capital equipment -
Location/administration
expenses -

Opening inventory -
Advertising/promotional
expenses -

Other expenses -

Contingency fund -

Working capital -

Total Startup Expenses -

Security and Collateral for

Loan Proposal

Collateral for Loans Value Description

$
Real estate
-

Other collateral
-

PAGE 10
Other collateral
-

Other collateral
-

Owners

Your name here

Other owner

Other owner

Loan Guarantors (other

than owners)

Loan guarantor 1

Loan guarantor 2

Loan guarantor 3

Expenses Part 8

Profit and Loss Statement

PAGE 11
Taxes Part 8

 Business Structure is best determined as an S-Corp.

 Practitioner must register an account with Electronic Federal Payable Tax System to render
income for tax services.
 Set-up consistent scheduled meetings with account to review financial statement forms. Topics
of discussion include retirement investment plan, Section 179 Deduction Plan and future
company investments.
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Thank you.

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