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Sample Business Plan

Executive Summary

1.What do I include?

Sports of Angels Sports Rehabilitation League is a for-profit, privately owned rehabilitation center
located in Los Angeles, CA.

2.Marketing Highlights

We use apps and websites, like ZocDoc, to make it easy for customers to understand SRLA

mission and values. IT experts are currently designing a lively, direct, and easy to use the website. Our

goal is to apply for our customer service support in a mobile application format and viewed on a

preferred web browser on multiple devices.

We use mass social media platforms such as YouTube, Facebook, Twitter, LinkedIn, Instagram,

and potentially TikTok to attract younger athletes to maintain a strong social media presence.

Videography and photography will capture the effectiveness of our approach that will attract new

patients and healthcare clients.

We also use Pay-Per-Click Advertisements (PPC) and display ads for marketing purposes, as well

as engaging in content marketing.

In order to focus on our customer service, we assess the patient experience by asking for

immediate feedback from a board-certified survey, follow-up call, an operator, Yelp, Facebook, and
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potentially Instagram polls. In our best marketing efforts, we will construct our business to satisfy

patients’ needs, by eliminating or implementing best practices.

3.Target Market Summary

Sports Rehabilitation League of Angel’s vision to educate and advocate our LA baseball and

basketball champions through our preventative, restorative, supportive, and palliative approach to

sports medicine.

4.Competitive Analysis

Sports Rehabilitation League of Angels’ competitive advantage is quality-based and timely

care. Our dedication is to provide luxury patient care, in a secure environment, and utilize

technological advancements upon our athletes. In regards to our hours, it will benefit athletes as it

has been scheduled to correspond with their practice schedules.

One of our top competitors is Sports Rehab LA. Their competitive advantage is its

comprehensive care to a wide range of diagnoses, injuries, and conditions. On the contrary, with a

specialized focus on baseball and basketball sports injuries, we are more likely to execute our

effective approach in a timely manner.

Overall, Sports of Angels Sports Rehabilitation League wants to help the Los Angeles

community and bring a new and supportive office for their rehabilitation care.

5.Key Marketing Strategies

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The most effective marketing tool Sports Rehabilitation League of Angels utilizes is to use social

media and email. These two outlets have statistically been proven its cost-effectiveness. Generation Z

and younger are known for their unique growth with social media; therefore, with such a relationship,

no further expenses would need to be pursued through various channels. On the other hand, to

connect with current adults and legal parents/guardians, via emails would be effective in

communicating our promise to value-quality rehabilitation services in sports medicine. Consecutively

applying these methods will expand SRLA’s objective to serve professional athletes in LA. As it is

projected that in the near future many would participate and potentially pursue baseball and

basketball careers, our organization’s mission and vision will further advance with the gain of more

partnerships.

6.Operational Highlights

The goal of SRLA's operations management is to implement healthy and highly effective

procedures. Our proactive and preventive approach requires new technologies and techniques to

minimize discomfort, increase functionality, and restore the quality of life many athletes admire within

their chosen sport. The board will periodically monitor and constructively control costs, savings will

correspond to the degree and quality and rendered under our performance period contract. In

addition, our operations management team will promote professional development growth to further

advance our efforts in fulfilling the objectives of SRLA. To include, we will construct and enforce

strategic criteria that satisfy areas of cooperation with personnel, security assurance, the integrity of

facilities protection, and compliance with policies that adhere to the mission and values of the Sports

Rehabilitation League of Angels.

7. Intermediary Concerns or Issues

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SRLA's main concern is competition. Moreover, with the latest COVID-19 pandemic, to ensure

the wellbeing of others, we are confined to seeing patients.

8.Management team Overview

The Sports Rehabilitation League of Angel’s management team consists of 1 neurosurgeon, 1

orthopedic surgeon, 2 assistants (occupational therapist and physical therapist) in addition to 2

receptionists at the front desk.

9.Financial Highlights

Sports Rehabilitation League of Angels (SRLA) is a for-profit company, given that it is a privately

owned rehabilitation center that serves professional athletes. In regards to revenue, SRLA accepts

preferred payment of cash and/or insurance payments within our performance period contract with

baseball and basketball teams. It is to note, the majority of the revenue is spent on insurance

protection and paying our providers. Aside from that, monthly expenses from patients are placed at a

mid-range between luxury and average, due to bundled purchases.

10.Other Unique or Special Concerns

To provide a luxurious and safe experience within SRLA, we offer unique aspects that

contribute to our customer service. In our patient waiting room, we offer a spacious, lively design,

great cellular network, comfortable seating, a wall dedicated to displaying partnered professional

athletes signatures, broadcasted sports media coverage, taking safety measures, valet service,

sanitization ports, and in the near future child daycare center for athletes who are parents.

Company Profile

The company profile provides an overview of your organization, including who is involved and the

scope of what the company does.

1. What is it?
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A sports rehabilitation program in Los Angeles County that promises value-quality services to

baseball and basketball athletes.

2. Type of Organization:

For professional baseball and basketball players, we'll conduct a comprehensive sports

rehabilitation program. These two sports suffer many comparable injuries and have particularly

distinct injuries that will be a care service for our company. To name a few injuries, there will be the

knee, Achilles, and forearm flexor tendonitis, intercostal and oblique strain, bursitis conditions, and

several other injuries and conditions available to treat at our prestigious sports rehabilitation center

(UPMC Sports Medicine, n.d.)

3.Name of Organization

Sports Rehabilitation League of Angels (SRLA); The team behind the team.

4.Hours of Operation:

SRLA organization will provide our determined local basketball and baseball athletes with a

dedicated and versatile service. We are going to have a dedicated team of three, on-call, on-the-hour,

and potentially a traveling team in the near future.

Our hourly, day-to-day hours are from 6 am to 3 pm, except for holidays with reduced hours.

The protection of the wellbeing of our team players and providers is a top priority; thus, our

company will accommodate the most recent and up-to-date mandates on COVID-19.

5.Scope of Service Line

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To initiate, the scope of our service line would include orthopedics and neurosciences. As SRLA

progresses, our services will expand to further our promise to provide value-based care to our

patients.

6.Clients Served:

- Baseball (MLB & NPF)

- Basketball (NBA & WNBA)

7.Location of Clinic:

Located in Orange County (27123 Calle Arroyo #2121, San Juan Capistrano, CA 92675)

8.Description of Business

The Sports Rehabilitation League of Angels (SRLA) is inspired by our Los Angeles basketball and

baseball champions. The team behind the team is us. Our athletes will be back on the field with our

prestige-quality and timely treatment to take home the win because we know the blood, sweat, and

tears it takes to win.

9.Profit Status

Sports Rehabilitation League of Angels will be a for-profit organization.

Industry Overview

1.Social Changes

As we begin to experience the severity of the global pandemic, there are significant changes

being made to our sector of the healthcare industry. Our sector is heavily private, as we do team up

with athletes. According to the CDC, professional sports leagues aren’t considered essential, but as we
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enforce cautious safety measures for both ends of the service, we are allowed to continue to provide

for our champions until further notice.

2.Economic/reimbursement Changes

For the financial viability of orthopedic operations, recognizing patterns in reimbursement is

important. Five potential improvements to the increased emphasis on reimbursement modeling tools

are accessible. All stakeholders use compensation models, which provide data for agreements on

healthcare payment contracts. The negotiating team of contracted insurance firms is recommended to

conduct a manual review or to negotiate without the analytical software offered (Health Care

Economics, n.d.).

3.Demographic Changes

There is a predicted rise in the age population and an increasing middle class across the globe,

ultimately changing healthcare needs and responses (Los Angeles Times, 2019). The LA county is

recognized demographically for its agreed variety of gender and sexual orientations, ethnic diversity,

cultural and religious disparities, middle-class domination, high migration, and a liberal political stance.

The value of taking prudent steps has been fairly simple during the 2020 pandemic; thus, we hope to

represent our athletes who will also obey public health mandates.

4.Health Care Delivery Changes

The Affordable Care Act (ACA), Medicare Access, and CHIP Reauthorization Act (MACRA) all

provided incentives to implement new health care delivery and payment systems to improve

outcomes, minimize costs, and restructure reimbursements, transitioning to value-based care. The key

model to be used for SRLA is to evaluate payment contracts, or to evaluate bundled or episode-based

contracts more precisely. A performance period and end dates will be included in the agreement.
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5.Regulatory/Political Changes

The election outcome will determine the fate of the policies promoted by Trump's

administration. Therefore, politicians are stuck doing enough or more for healthcare, particularly

members of Congress facing difficult re-elections. The CMS forecasts that US healthcare spending will

cross $4 trillion in 2020 (PwC, n.d.). Trump's administration's four priorities are to facilitate greater

transparency in the cost of medical services, congressional legislation relating international prices to

medication prices for Medicare, the transfer of Medicaid to exemptions under section 1115, and new

tariffs on Chinese imports into the United States.

The new Biden administration will aim to secure as much of its 2021 agenda as possible, with

progress being made on safe and efficient vaccinations. The concerns of Biden are to raise family

premium tax credits to provide more generous plans, reduce market concentration in the healthcare

system, and speed up the pandemic response to COVID-19.

The 2020 election outcome has a high potential for alterations, especially in regards to

mitigating negative outcomes from COVID-19.

6.Key Success Factors in your segment of the Industry

There are many key success factors in our segment of the industry. In general, there is an

increase in sports participation, which inevitably leads to an increase in the incidence of athletic

injuries, fueling the market for sports medicine. For example, the knee section was estimated to hold

the highest share in the application (Fortune business insights, n.d). The end-user segmentation is

usually hospitals and specialist clinics, such as the Sports Rehabilitation League of Angels.
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7.Barriers to entry in your segment of the industry

As our target market gears towards professional athletes, who require frequent and

comprehensive care, it may be difficult to establish credibility, as many acquainted athletes aren’t

familiar with the Sports Rehabilitation League of Angels. To help mitigate this issue, we must recruit

highly-qualified professionals by promising a contract that fulfills their professional and personal

needs. With that, our organization's credibility would spread drastically as we implement marketing

strategies.

8.Barriers to exit in your segment of the industry

There are a few setbacks from leaving entirely if we plan to leave our business segment. It

could be difficult for other vendors to buy, as we supply our location with luxurious equipment

because it will be sold at a high cost. Second, athletes could be in the midst of rehabilitation. Lastly,

safely preserving our patient’s medical records.

Service Overview

1.What is the proposed new service proposal’s unique features/benefits?

A unique advantage of SRLA is that we have skilled physicians to treat the most common injuries,

amongst baseball players (MLB & NPF) and basketball players (NBA & WNBA), and successful timely

treatment in order to get our players back and play as quickly as possible.

2. What values does it provide to key target markets?

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A valuable commodity within our business is that throughout the pandemic and afterwards,

we offer advanced telehealth therapy services to enable a more versatile operation.

3.What are the benefits of this new service proposal?

There will be no out-of-pocket expenses for the players because the rehabilitation office

would be contracted with the teams in general.

4.How is this new service positioned against existing services by others?

Our offerings would be exceptional because our skilled practitioners have been qualified with

professionalism to offer quality care in a timely manner in order to maintain content for our patients.

5.What are you doing differently?

Because Sports Rehabilitation League of Angels is active during the COVID-19 pandemic,

before anyone is allowed to access our building, precautions will be taken. Every other week, COVID-

19 measurements are required before receiving or delivering services For example, taking

temperatures, advocating for masks, providing multiple hands sanitizing stations in the facility will be

readily accessible.

Competitive Analysis

1.Describe your competition’s services

Sports Rehab LA offers advanced technology & techniques to reduce pain, improve function,

and restore the quality of life. Physical therapy for both athletes and non-competitors, stretching &

mobility, advanced experience, and commitment to personalized care.

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2.What is their point of differentiation

Specialties in cryotherapy, Graston technique, normal compression, Kinesio taping, cupping

therapy, infrared sauna, Orocco blood lab, and biomechanics. This along with their wide range of

services available for their varying audiences and clients sets them apart.

3.What real value do they deliver to the customer that others do not

Wide range of comprehensive care services available to perform a variety of treatments and

diagnoses along with personalized care at a high-level facility.

4.Describe their customer profile

The audience ranges from competing athletes to non-competitors looking for relief from daily

activities. Specifically listed on the page they have treated elite athletes, professional NBA/NFL/MLB

players, MMA fighters, celebrities, bowlers, all-stars, and etc (Sports Rehab LA, n.d.).

5.Detail the pricing strategy

Pricings unavailable, but data was collected regarding the average salary for various positions

on another close competitor, California Rehabilitation & Sports Therapy. PT Aide is ~$10-14 hourly

while a personal trainer is ~$21-23 hourly (Glassdoor, 2020). Wages are important to consider when

determining the price. Assumed possible pricing strategies, due to lack of available data, are premium

pricing or value-based.

6.What is their marketing/advertising approach

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Advertising/marketing is done through social media outlets such as Facebook, Instagram, Yelp,

and YouTube. Facebook, Instagram, and Yelp all contain photos of the site as well as some services

they provide along with descriptions relating to them. The YouTube page, however, is lacking as it

only has one video uploaded from 3 years ago. Testimonial videos are also available on the webpage.

7.Why do customers/referral sources buy or use them

SRLA is referred to and recommended by clientele due to their experience, knowledge, and

personalized care (Yelp, n.d.). A multitude of reviews detailing their effectiveness and consistency as

well as the positive image of including preventative care. Reviews mention the ineffectiveness of

other treatments and the capabilities of SRLA.

8.What are the opportunities or threats to your organization

Threats to our organization include the attention/traction they would have over mutual

audiences, professional MLB, or NBA players. The degree of threat is uncertain since it is unknown

whether or not they offer team contracts like we are planning to offer in our available services.

Place (What Do I Include?)

1.Where will the service be delivered?

- Located in Orange County: 27123 Calle Arroyo #2121, San Juan Capistrano, CA 92675

- Currently know as Monarch Shores Rehab

2.What are the costs associated with this manner of distribution?

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- Creating a brand name costs additional funds, as well as benefits to patients to attract and

create brand loyalty

- Need to provide benefits/services that set the facility apart from other businesses

- When negotiating contracts with teams early in the facility’s career, it may have to accept

lower offers and miss out on potential profit. It could take years and additional time

negotiating for more money if the contract is renewed.

3.What is the marketing importance/advantage of this location?

- Located near two major cities; Los Angeles and San Diego ; positive influence on accessibility

- Orange County has a higher income (average $90,000); elegant operation

- Benefits of LA and SD sports teams; provide best for Pro’s

- Due to coastal proximity, charges can be higher

4.Does the location provide any competitive advantages?

- Luxury service (high-income county and neighborhood)

- Luxury venue (costs more); near water

- Professional athlete oriented

- Many professional athletes play/live in the area; the commute is within a transportable

distance

5.Are there exit issues with this distribution strategy?

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- Consumers, customer loyalty must be established, teams need to have a contract with the

facility and then recommend their teammates to positively influence and gain patients

- Credibility takes time to establish, funds to support the business until this occurs

- Competition, because the facility is located in a coastal area, there are other facilities nearby

that offer “luxury” services

Other Pricing Considerations

1. Low, medium, high (relative to competing service providers)

Range from medium to high price range.

2.Customer perception of value

The customer’s perception would range from average to a luxury service based on contractual price.

3. Will you be discounting? Will you be package pricing (individual) or providing alternative

contractual pricing approaches?

If a partnership is generated with a contractual pricing approach with a professional baseball

and/or basketball team, discount could be negotiated.

Service Delivery Plan

1. Service delivery methodology

Planning care for patient:

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- The Planning Method: our expert teams will use different types of planning models based on

their skills, knowledge and experiences to develop patient’s treatment.

- Providing and supporting training programs

- Establishing and monitoring procedures, protocols and treatments for patient

2.Clinical protocols and description of best practices

At SRLA, we offer the best rehabilitation program for sport players. We maximize the recovery

process for patients who suffer from sport injuries as well as develop post-surgery care plans with

other diagnoses.

- Staff credentials: our medical expertises specialize treatment plan in order to help our

patients gain back physical functions and achieve a best level of recovery process

- Safety and environment: During the treatment, we provide a comfortable environment

for training and practices. We always put our patient’s safety first. We promise to use

high security when we deliver our services for patients.

- Honesty: Honesty is one of our top priorities; it's what we all deserve. We want to

instill with our smiles that they can trust our team and specialist physicians.

- Office Design: As previously mentioned, through our safe, lively, luxury, and spacious

design, in all areas of our building, is just one of Sports Rehabilitation League of Angels’

assets.

3.Cost analysis (direct and indirect overhead)

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Direct cost is a cost that is tied exclusively to a subunit, such as the salaries of laboratory department

employees. When a subunit is eliminated, its direct costs disappear (Gapenski and Reiter, 2016).

- Direct cost includes: salaries, medical supplies, equipment, utilities, etc.

Indirect overhead cost is a cost that is tied to shared resources rather than to an individual subunit of

an organization (Gapenski and Reiter, 2016).

- Indirect cost includes: financial services, facilities cost, housekeeping, administration,

personnel cost, etc.

4.Flow chart of delivery service, delivery sequence, and timing requirement

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5.FTE requirements

- We will use full-time equivalent (FTE) to measure the hours worked by an employee on a full-

time basis.

- At SRLA, we have two types of employment:

● Full-time employees

● Part-time employees

- FTE calculation:

FTE (per week)= Total hours worked during a week/ Total working hours per week

1 FTE= 40 hours/week

- Employee who has one FTE is considered full-time employee and employee who has below

one FTE is considered part-time employee

6.Space requirements

- We provide care facilities which include functional areas:

● Reception area

● Staff and administrative area

● Security area

● Support and assistance area

● Residency area

Human Resources Plan (What Do I Include?)

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Organizational structure/staffing plan

1.Clinical (full-time vs. part-time)

Full time Clinical

● Orthopedic Physicians/Surgeon

● Neuroscientists

Part time Clinical

● Occupational therapists

● Physical therapists

2.Non-clinical (full-time vs. part-time)

Full time Non-clinical

● Receptionists

● Janitorial

● Security

Part time Non-clinical

● Valet service

370560+289920+101760+126720+26880+32640+153216+24960

Compensation
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1.Rate (per hour)

Orthopedic Physicians/Surgeon: $193

https://www.ziprecruiter.com/Salaries/Orthopedic-Surgeon-Salary-in-Los-Angeles,CA

Neurosurgeon: $151

https://www.ziprecruiter.com/Salaries/Neurosurgeon-Salary--in-LosAngeles.CA?ind=null

Occupational therapists: $53

https://www.ziprecruiter.com/Salaries/Acute-Care-Occupational-Therapist-Salary-in-Los-

Angeles,CA

Physical therapists: $44

https://www.ziprecruiter.com/Salaries/Travel-Physical-Therapist-Salary-in-Los-Angeles,CA

Medical/Front Desk Receptionists: $14

https://www.ziprecruiter.com/Salaries/Medical-Receptionist-Salary-in-Los-Angeles,CA

Janitors: $17

https://www.ziprecruiter.com/Salaries/Hospital-Janitorial-Salary-in-Los-Angeles,CA

Security: $19

https://www.ziprecruiter.com/Salaries/Hospital-Security-Salary-in-Los-Angeles,CA

Valet services: $13

https://www.ziprecruiter.com/Salaries/Valet-Parking-Service-Salary-in-Los-Angeles,CA
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2.Benefits

Orthopedic Physicians/Surgeon:

Health insurance, professional liability coverage, dental insurance, paid vacation/time off (21 days

each year), retirement plan with employer match, vision insurance, life insurance, short-term and

long-term disability, bonuses, health savings account, and 403 (b) retirement plan

Neuroscientist:

Medical insurance for resident and dependents, dental insurance for resident and dependants, vision

care, health care reimbursement accounts, life insurance, long term care disability insurance,

worker’s compensation insurance, malpractice insurance, paid vacation/time off (21 days each year),

403(b) retirement plan with matching funds, maternity leave/paternity leave, family medical leave

Occupational Therapists:

Flexible schedules, Paid vacation/time off (7 days each year), 401(k) retirement plan, education

stipend, health insurance, tuition reimbursement (student loan match program)

Physical Therapists:

Flexible schedules, Paid vacation/time off (7 days each year), 401(k) retirement plan, education

stipend, health insurance, tuition reimbursement (student and loan match program)

Medical/Front desk receptionists:

Paid vacation/time off (5 days each year), job growth/bonuses, dental insurance, vision insurance,

health insurance (covers up to $140/visit)

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Janitors:

No formal education requirements and free uniforms

Security:

Crisis training, competitive wages, free uniforms, legal assistance plans

Valet Services:

Tips, flexible schedule, and experience (develop or improve your customer service, communication,

conflict resolution, or driving abilities), free uniforms

3.Job descriptions (detailed listings)

Orthopedic Physician/Surgeon:

The Orthopedic Surgeon deals with a wide range of patients suffering from musculoskeletal

conditions, including bones , joints, muscles, tendons , and ligaments. Physical traumas, such as

fractures, illnesses and other disorders involving either non-invasive orthopedic treatments or

surgery, are treated.

Neurosurgeon:

The Neurosurgeon specializes in the diagnosis and surgical treatment of central and peripheral

nervous system disorders, including congenital abnormalities, injuries, cancers, vascular disorders,

brain or spinal infections, strokes, or degenerative spinal disorders

Occupational Therapist:
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Our occupational therapists treat disabled, ill or injured patients with special equipment and the

therapeutic use of daily activities. They help patients improve, regain and develop the skills needed

for day to day life and work. They may provide long-term patient care and acute patient care.

Physical Therapist:

Our physical therapists will diagnose and treat patients who have health conditions that limit their

ability to move and perform everyday activities. They will not only help restore their physical function

and mobility, but also work to promote overall wellness and boost their quality of life.

Medical/Front Desk Receptionists:

The receptionists are responsible for handling front office reception and administration duties,

including greeting guests and offering them a beverage, answering phones, handling company

inquiries, and sorting and distributing mail.

Janitors:

The janitors must clean all areas of the hospital by performing routine cleaning of patient rooms,

nursing units, offices, clinical areas, waiting areas, lobbies, lounges, restrooms, and corridors.

Security

Our security staff will secure premises and personnel by patrolling property; monitoring surveillance

equipment; inspecting buildings, equipment, and access points; permitting entry. Obtains help by

sounding alarms. Prevents losses and damage by reporting irregularities; informing violators of policy

and procedures; restraining trespassers.

Valet Services
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Our valet service attendants operate and maintain car parking facilities by guarding cars in parking

areas and collecting fees at car park entry or exit points. They may drive and park cars, and operate

boom gates.

4.Roles and responsibilities

Orthopedic Physician/Surgeon:

● Consulting and analyzing patient data to determine patient needs and treatment goals

● Examining patients to diagnose bone, joint, ligament or musculoskeletal problems,

● Recording patient care

● Prescribing medication

● Referring patients to physical therapy when necessary

● Administering general anesthetics

● Conducting research

https://www.jobhero.com/job-description/examples/medical/orthopedic-surgeon

Neuroscientists:

● Overseeing and coordinating team os surgeons

● Assessing and diagnosing patients

● Prescribing medication

● Ordering, performing, and interpreting diagnostic tests (MRI, CT scans, etc)

● Performing basic administrative tasks

https://study.com/articles/Brain_Surgeon_Job_Description_Salary_Duties_and_Requirements.html
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Occupational Therapists:

● Confer with physicians and the rest of the patient’s care team

● Review patients medical history and assess their condition

● Demonstrate exercises, guide patients to perform tasks

● Educate patients family members

● Teach patients how to use adaptive equipment

https://www.truity.com/career-profile/occupational-therapist

Physical Therapists:

● Restore patient’s function

● Alleviates pain

● Provide quality care by interpreting test results/evaluations

● Determine physical therapy treatment plans (in consultation with physicians)

● Evaluate mobility and strength at current level of patient function

● Document patient progress

https://www.glassdoor.com/Job-Descriptions/Physical-Therapist.htm

Medical/front desk receptionists:

● Greeting and welcoming guests

● Answer all incoming calls (redirect them or sent reminders/messages)

● Keep updated patient record and files

● Collect bills and copays

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● Monitor supplies and place orders when necessary

https://www.mightyrecruiter.com/job-descriptions/front-desk-receptionist/

Janitors:

● Clean and wipe down

● Dispose of waste

● Dust equipment

● Disinfect areas (Rid bodily fluids in areas of contact)

https://jobdescriptionandresumeexamples.com/hospital-housekeeper-job-description-duties-and-

responsibilities/

Security:

● Secure premises and personnel by patrolling property

● Prevent losses and damage by reporting irregularities, informing violators of policies,

restraining trespassers

● Complete reports by recording surveillance activities and through observations

● Remain in compliance with local, state, and federal regulations

● Provide excellent customer service

https://www.glassdoor.com/Job-Descriptions/Security-Officer.htm

Valet services:

● Greet and welcome guest to the establishment

● Direct traffic in the parking areas

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● Aid unloading guests’ luggage

● Collect and accurately label keys belonging to guests to ensure return

● Park cars safely

● Receive cars for guest

● Ensure parked cars are safe

● Organize and file paperwork regarding guests’ vehicles

https://www.betterteam.com/valet-job-description#:~:text=The%20Valet's%20responsibilities

%20include%20greeting,while%20remaining%20vibrant%20and%20friendly.

Balance Sheet and Income Statement

Cash Flow Statement

Cash Flow Statement

For the month ended January 31, 2020

Operating Activities

Cash received from customers $287,500

Payment for Wages (93,888)

Payment for Supplies (20,000)

Payment for Operations (25,000)

Net Cash Flow from Operating Activities $148,612

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Investing Activities

Purchase of Property and Equipment ($4.8mil)

Net Cash Flow from Investing Activities ($4.8mil)

*22 customers as a start-up

Financing Activities

Repayment of Debt ($31,667)

Net Cash Flow from Financing Activities ($31,667)

Net Increase in Cash:

Cash Balance as of January 30, 2020:

Notes Payable

Loan: $4.8mil for 10 years

Balance Sheet

Jan 31, 2020

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Assets

Current Assets

Cash $287,500

Supplies 20,000

Prepaid Insurance 14,282

Total Current Assets: $321,782

Property, Land, & Equipment:

Equipment $4.8mil

Accumulated Depreciation (48,000)

Total Equipment: 4,752,000

Total PPE: $4,752,000

Total assets: $5.07mil

Liabilities and Stockholders Equity

Liabilities:

Notes Payable $31,667

Accounts Payable 20,000

Salaries & Wages Payable 93,888

Total liabilities: $145,555

Stockholders’ Equity
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Common Stock 0

Retained Earnings 0

Total Stockholders’ Equity: $0

Total liabilities and stockholders’ equity: $

Income Statement

For the year ended Jan 31, 2020

Revenues

Service Revenue $3.45mil

Total Revenue: $3.45mil

Expenses

Salaries & Wages Expense $1,126,656

Insurance Expense 14,282

Equipment Expense 245,600

Rent Expense 380,004

Supplies Expense 240,000

Miscellaneous Expense 7,209

Total Expenses: $2,013,751

Net Income: $1,436,249

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References

ACP. Delivery and payment models.

https://www.acponline.org/running_practice/delivery_and_payment_models/.

Betterteam. Valet job description. https://www.betterteam.com/valet-job-description#:~:text=The

Valet's responsibilities include greeting,while remaining vibrant and friendly.

Gapenski, L & Reiter, K. (2016). Healthcare finance: An introduction to Accounting & Financial

management. Health Administration Press.

Gartenstein, D. (2019, January 25). Examples of Direct and Indirect Costs. Small Business -

Chron.com. http://smallbusiness.chron.com/examples-direct-indirect-costs-72530.html.
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Glassdoor. (2020). Physical therapist job description.

https://www.glassdoor.com/Job-Descriptions/Physical-Therapist.htm.

Glassdoor. (2020). Security officer job description.

https://www.glassdoor.com/Job-Descriptions/Security-Officer.htm.

Glassdoor (2020, January 19) California rehabilitation & sports therapy salaries.

https://www.glassdoor.com/Salary/California-Rehabilitation-and-Sports-Therapy-Salaries-

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