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Plan Outline
Occupational Health Business Plan
Workwell
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Funding Forecast | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Funding | |||||||||||||
| Employment Physicals | 0% | £34,861 | £38,069 | £45,071 | £34,341 | £26,803 | £36,592 | £36,492 | £35,592 | £33,592 | £31,424 | £36,592 | £37,592 |
| Drug Screenings | 0% | £2,318 | £1,540 | £2,202 | £2,496 | £3,301 | £4,197 | £4,315 | £4,591 | £4,489 | £3,843 | £3,897 | £3,776 |
| X-ray | 0% | £6,483 | £7,013 | £8,123 | £11,377 | £8,218 | £8,711 | £8,910 | £7,171 | £9,218 | £8,816 | £10,010 | £10,310 |
| Laboratory | 0% | £8,911 | £11,593 | £13,482 | £12,038 | £13,511 | £15,956 | £14,299 | £13,071 | £14,753 | £13,613 | £14,962 | £15,723 |
| Spirometry | 0% | £0 | £25 | £343 | £35 | £80 | £87 | £92 | £83 | £73 | £88 | £95 | £92 |
| Audiometry | 0% | £344 | £312 | £352 | £354 | £345 | £394 | £338 | £402 | £381 | £372 | £393 | £407 |
| Immunizations | 0% | £3,017 | £4,657 | £4,851 | £2,042 | £6,146 | £4,743 | £5,046 | £4,146 | £4,129 | £5,146 | £6,449 | £6,267 |
| BAT (Breath Alcohol Test) | 0% | £300 | £275 | £400 | £200 | £425 | £435 | £390 | £494 | £487 | £584 | £475 | £498 |
| Other | 0% | £1,968 | £939 | £4,596 | £7,522 | £3,542 | £1,970 | £2,523 | £1,569 | £1,649 | £1,523 | £1,678 | £1,543 |
| Total Funding | £58,202 | £64,423 | £79,420 | £70,405 | £62,371 | £73,085 | £72,405 | £67,119 | £68,771 | £65,409 | £74,551 | £76,208 | |
| Direct Cost of Funding | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Employment Physicals | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Drug Screenings | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| X-ray | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Laboratory | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Spirometry | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Audiometry | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Immunizations | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| BAT (Breath Alcohol Test) | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cost of Funding | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Personnel Plan | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Marketing Coordinator (1) | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £2,083 | £2,083 | £2,083 | £2,083 | £2,083 | £2,083 |
| Receptionist/Administrative/Clerical (1) | 0% | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 | £1,513 |
| Nurse Aid (1) | 0% | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 | £1,300 |
| Rad/Lab Tech (2) | 0% | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 |
| LPNS (2) | 0% | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 | £3,822 |
| Total People | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |
| Total Payroll | £10,635 | £10,635 | £10,635 | £10,635 | £10,635 | £10,635 | £12,718 | £12,718 | £12,718 | £12,718 | £12,718 | £12,718 | |
| General Assumptions | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Surplus and Deficit | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Funding | £58,202 | £64,423 | £79,420 | £70,405 | £62,371 | £73,085 | £72,405 | £67,119 | £68,771 | £65,409 | £74,551 | £76,208 | |
| Direct Cost | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Direct Cost | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Gross Surplus | £58,202 | £64,423 | £79,420 | £70,405 | £62,371 | £73,085 | £72,405 | £67,119 | £68,771 | £65,409 | £74,551 | £76,208 | |
| Gross Surplus % | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Expenses | |||||||||||||
| Payroll | £10,635 | £10,635 | £10,635 | £10,635 | £10,635 | £10,635 | £12,718 | £12,718 | £12,718 | £12,718 | £12,718 | £12,718 | |
| Sales and Marketing and Other Expenses | £27,551 | £27,551 | £27,551 | £27,551 | £27,551 | £27,551 | £21,407 | £21,407 | £21,407 | £21,407 | £21,407 | £21,407 | |
| Depreciation | £945 | £945 | £945 | £945 | £945 | £945 | £945 | £945 | £945 | £945 | £945 | £945 | |
| Utilities | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | £1,029 | |
| Rent | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | |
| Payroll Taxes | 20% | £2,127 | £2,127 | £2,127 | £2,127 | £2,127 | £2,127 | £2,544 | £2,544 | £2,544 | £2,544 | £2,544 | £2,544 |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Operating Expenses | £47,287 | £47,287 | £47,287 | £47,287 | £47,287 | £47,287 | £43,643 | £43,643 | £43,643 | £43,643 | £43,643 | £43,643 | |
| Surplus Before Interest and Taxes | £10,915 | £17,136 | £32,133 | £23,118 | £15,084 | £25,798 | £28,762 | £23,476 | £25,128 | £21,766 | £30,908 | £32,565 | |
| EBITDA | £11,860 | £18,081 | £33,078 | £24,063 | £16,029 | £26,743 | £29,707 | £24,421 | £26,073 | £22,711 | £31,853 | £33,510 | |
| Interest Expense | £7,572 | £7,410 | £7,248 | £7,086 | £6,924 | £6,762 | £6,600 | £6,438 | £6,276 | £6,114 | £5,952 | £5,790 | |
| Taxes Incurred | £836 | £2,432 | £6,221 | £4,008 | £2,040 | £4,759 | £5,541 | £4,260 | £4,713 | £3,913 | £6,239 | £6,694 | |
| Net Surplus | £2,507 | £7,295 | £18,664 | £12,024 | £6,120 | £14,277 | £16,622 | £12,779 | £14,140 | £11,740 | £18,718 | £20,082 | |
| Net Surplus/Funding | 4.31% | 11.32% | 23.50% | 17.08% | 9.81% | 19.54% | 22.96% | 19.04% | 20.56% | 17.95% | 25.11% | 26.35% | |
| Pro Forma Cash Flow | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Funding | £14,551 | £16,106 | £19,855 | £17,601 | £15,593 | £18,271 | £18,101 | £16,780 | £17,193 | £16,352 | £18,638 | £19,052 | |
| Cash from Receivables | £74,128 | £75,583 | £43,807 | £48,692 | £59,340 | £52,603 | £47,046 | £54,797 | £54,172 | £50,381 | £51,494 | £49,285 | |
| Subtotal Cash from Operations | £88,678 | £91,688 | £63,662 | £66,293 | £74,932 | £70,874 | £65,147 | £71,577 | £71,364 | £66,733 | £70,132 | £68,337 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| New Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Other Liabilities (interest-free) | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Investment Received | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Received | £88,678 | £91,688 | £63,662 | £66,293 | £74,932 | £70,874 | £65,147 | £71,577 | £71,364 | £66,733 | £70,132 | £68,337 | |
| Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | £10,635 | £10,635 | £10,635 | £10,635 | £10,635 | £10,635 | £12,718 | £12,718 | £12,718 | £12,718 | £12,718 | £12,718 | |
| Bill Payments | £10,506 | £44,163 | £45,669 | £49,097 | £46,730 | £44,756 | £47,058 | £42,072 | £40,687 | £40,936 | £40,079 | £42,180 | |
| Subtotal Spent on Operations | £21,141 | £54,798 | £56,304 | £59,732 | £57,365 | £55,391 | £59,776 | £54,790 | £53,405 | £53,654 | £52,797 | £54,898 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Principal Repayment of Current Borrowing | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | £17,000 | |
| Other Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Long-term Liabilities Principal Repayment | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | £2,445 | |
| Purchase Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Dividends | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Spent | £40,586 | £74,243 | £75,749 | £79,177 | £76,810 | £74,836 | £79,221 | £74,235 | £72,850 | £73,099 | £72,242 | £74,343 | |
| Net Cash Flow | £48,092 | £17,446 | (£12,087) | (£12,884) | (£1,878) | (£3,962) | (£14,073) | (£2,658) | (£1,485) | (£6,367) | (£2,110) | (£6,006) | |
| Cash Balance | £56,529 | £73,974 | £61,887 | £49,003 | £47,126 | £43,164 | £29,091 | £26,432 | £24,947 | £18,580 | £16,471 | £10,465 | |
| Pro Forma Balance Sheet | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | £8,437 | £56,529 | £73,974 | £61,887 | £49,003 | £47,126 | £43,164 | £29,091 | £26,432 | £24,947 | £18,580 | £16,471 | £10,465 |
| Accounts Receivable | £148,255 | £117,779 | £90,514 | £106,272 | £110,383 | £97,822 | £100,033 | £107,290 | £102,833 | £100,240 | £98,916 | £103,335 | £111,205 |
| Other Current Assets | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 | £184,531 |
| Total Current Assets | £341,223 | £358,839 | £349,019 | £352,690 | £343,918 | £329,479 | £327,728 | £320,912 | £313,796 | £309,718 | £302,027 | £304,337 | £306,202 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 | £120,579 |
| Accumulated Depreciation | £60,760 | £61,705 | £62,650 | £63,595 | £64,540 | £65,485 | £66,430 | £67,375 | £68,320 | £69,265 | £70,210 | £71,155 | £72,100 |
| Total Long-term Assets | £59,819 | £58,874 | £57,929 | £56,984 | £56,039 | £55,094 | £54,149 | £53,204 | £52,259 | £51,314 | £50,369 | £49,424 | £48,479 |
| Total Assets | £401,042 | £417,713 | £406,948 | £409,674 | £399,957 | £384,573 | £381,877 | £374,116 | £366,055 | £361,032 | £352,396 | £353,761 | £354,681 |
| Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Current Liabilities | |||||||||||||
| Accounts Payable | £9,036 | £42,644 | £44,030 | £47,537 | £45,241 | £43,182 | £45,654 | £40,716 | £39,321 | £39,603 | £38,673 | £40,765 | £41,048 |
| Current Borrowing | £634,601 | £617,601 | £600,601 | £583,601 | £566,601 | £549,601 | £532,601 | £515,601 | £498,601 | £481,601 | £464,601 | £447,601 | £430,601 |
| Other Current Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Subtotal Current Liabilities | £643,637 | £660,245 | £644,631 | £631,138 | £611,842 | £592,783 | £578,255 | £556,317 | £537,922 | £521,204 | £503,274 | £488,366 | £471,649 |
| Long-term Liabilities | £293,480 | £291,035 | £288,590 | £286,145 | £283,700 | £281,255 | £278,810 | £276,365 | £273,920 | £271,475 | £269,030 | £266,585 | £264,140 |
| Total Liabilities | £937,117 | £951,280 | £933,221 | £917,283 | £895,542 | £874,038 | £857,065 | £832,682 | £811,842 | £792,679 | £772,304 | £754,951 | £735,789 |
| Paid-in Capital | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 | £293,480 |
| Accumulated Surplus/Deficit | (£611,473) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) | (£829,555) |
| Surplus/Deficit | (£218,082) | £2,507 | £9,802 | £28,466 | £40,490 | £46,610 | £60,887 | £77,509 | £90,288 | £104,428 | £116,167 | £134,885 | £154,967 |
| Total Capital | (£536,075) | (£533,568) | (£526,273) | (£507,609) | (£495,585) | (£489,465) | (£475,188) | (£458,566) | (£445,787) | (£431,647) | (£419,908) | (£401,190) | (£381,108) |
| Total Liabilities and Capital | £401,042 | £417,713 | £406,948 | £409,674 | £399,957 | £384,573 | £381,877 | £374,116 | £366,055 | £361,032 | £352,396 | £353,761 | £354,681 |
| Net Worth | (£536,075) | (£533,568) | (£526,273) | (£507,609) | (£495,585) | (£489,465) | (£475,188) | (£458,566) | (£445,787) | (£431,647) | (£419,908) | (£401,190) | (£381,108) |