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Business Plan For Legal Nurse Business Plan

Given the above assumption, the company's yearly break-even point can be computed as follows:

The implication of the above computation is that LNS must service at least 33 clients per year in order to break even.

Projected Profit & Loss

LNS's projected Profit and loss, based on information from the previous section and on data from sales forecast on table 3 is presented on table 4. From the information on table 4, it can be seen that LNS's business will be a lucrative one.

Table 4 -- Projected Profit & Loss Data

2011

2012

2013

2014

2015

1. Sales ($)

660,000

900,000

1,140,000

1,440,000

1,452,000

2. Total Expenses (Operating costs, staff remuneration, tax, and so on)

778,000

809,000

810,000

809,000

812,000

NET PROFIT

118,000

91,000

330,000

631,000

640,000

Evaluation plan

LNS's operations will be considered successful when the following situation occurs:

1. LNS's service acceptance rate increases by at least 40%;

2. The company's revenue and market share increases by 50% within the third year of operation;

3. The company's profit increases by at least 20% every year;

4. The company's return on investment (ROI) becomes at least 20% every year.

Conclusion

The demand for the services of LNS will continue to grow in the United States due to the ongoing dependence of U.S. attorneys on legal nurse consulting services. This assertion is simply a reflection of the fact that most attorneys are not well-informed about how to properly read and interpret...

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Besides, a large proportion of attorneys know that they can provide stellar services to their clients if they have someone to help them in reading medical records and in analyzing and interpreting the subtleties of healthcare issues. This explains why they will have insatiable demand for LNS services. As was shown in this business plan, LNS will be properly positioned to reap huge profits based on this scenario.
References

Graham J.R., Smart S.B., & Megginson W.L. (2010): Corporate Finance -- Linking

Theory to What Companies Do. Mason, OH: South-Western Cengage Learning.

Hubbard R.G., O'Brien a.P. (2009): Macroeconomics. Upper Saddle River, NJ: Prentice-

Hall

Legal Nurse Consultant Jobs (2010): Growing Demand for Legal Nurse Consulting jobs.

Retrieved March 20, 2011 from http://www.legal-nurse-consultant-

jobs.com/articles/growing-demand-for-legal-nurse-consulting-jobs/

Milazzo V. (2006): Demand for Legal Nurse Consultants at All-Time High. American Chronicle. Retrieved March 20, 2011 from http://www.americanchronicle.com/articles/view/11688

Miller L.M. (2011): Economics Today. Boston, MA: Pearson Education Inc.

RN Degrees (2010): Legal Nurse Consulting: An Exciting Career Move. Retrieved March

19, 2011 from http://rndegrees.net/become-a-legal-nurse-consultant.php

U.S. Department of Labor (2011): Licensed Practical and Licensed Vocational Nurses.

Occupational Outlook Handbook, 2010-11 Edition. Retrieved March 20, 2011

from http://www.bls.gov/oco/ocos102.htm#outlook

Vickie Milazzo Institute (2011): Frequently Asked Questions. Retrieved March 20, 2011

from http://www.legalnurse.com/more-information/faq#Q4

Sources used in this document:
References

Graham J.R., Smart S.B., & Megginson W.L. (2010): Corporate Finance -- Linking

Theory to What Companies Do. Mason, OH: South-Western Cengage Learning.

Hubbard R.G., O'Brien a.P. (2009): Macroeconomics. Upper Saddle River, NJ: Prentice-

Hall
Retrieved March 20, 2011 from http://www.legal-nurse-consultant-
Milazzo V. (2006): Demand for Legal Nurse Consultants at All-Time High. American Chronicle. Retrieved March 20, 2011 from http://www.americanchronicle.com/articles/view/11688
19, 2011 from http://rndegrees.net/become-a-legal-nurse-consultant.php
from http://www.bls.gov/oco/ocos102.htm#outlook
from http://www.legalnurse.com/more-information/faq#Q4
Cite this Document:
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