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Practice Start-ups and Forecasts
When you’re ready to open a practice of your own, you typically have more questions than answers. Let Summit help you turn your plans into reality, and steer you toward success.
New practices face tremendous risk based on the magnitude of dollars required for today's practice startup. Summit is uniquely well equipped to help you evaluate these risks and address the issues related to establishing a business. We have started, and eventually transitioned from, our own professional practices, and we have written extensively on this topic. Now we’re ready to help you assess the financial risks and rewards involved, and guide you through the related business decisions that you may face.
When you need forecasts for your new practice, Summit will:
- Provide objective advice to help you evaluate the financial risks and decide whether these risks are reasonable relative to your eventual reward
- Help you appreciate both the challenges and the opportunities related to level of investment required
- Prepare a worse case analysis to complement the expected performance. This analysis identifies potential weak points and when to address them, and gives you further confidence in your decision making
- Deliver the basis of the financial section of the business plan that may be required by lenders
- Strengthen your overall business plan and improve your strategies in dealing with lenders
- Build the foundation for your prospective three-year operating budget. This comprehensive spending plan is the single most important tool in helping to ensure your practice's success
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