Professional Documents
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Starting Your Own Hospital
Starting Your Own Hospital
Starting Your Own Hospital
Submitted By:-
Tarun Kumar
Rakesh Kumar
Sagar Yadav
Mhod. Kafeel
Ankit Tomer
Starting any business or project one has to analyze the total budget required to
run it successfully.
The total budget for our hospital will be 180 Cr. Which is divided into different
purpose as shown in this below table?
30 Cr 30 Cr 30 Cr 30 Cr 30 Cr
150 Cr
Bank Loan
30Cr + 180 Cr
Finding the Perfect Hospital Location
Location plays a very important role in setting up a business and helping it
flourish. Whether it’s a retail business or an eatery or even a home based
business, an easily accessible and easy to find location will attract more
customers than a hard to find and reach location.
If you are considering starting a Hospital business, you must have heard the
term location more than a few times as it is considered one of the most
important factors. Location should be on the top of your list to do thing as
putting your business in the proper location can be the single most important
thing needed to catch the consumers’ attention. Sometimes, location is even
more important than the product you are offering as you cannot tell customers
about your product or service unless you get them through the door!
Thus, combined with a winning product, finding the perfect location can make
or break your business. This guide brings you a collection of some of the most
essential points you need to consider when finding the perfect location for your
business.
Status of people
Uppe Lowe
r r
15% 25%
Middle
60%
This graph is showing the Bihar population status that means 25% people in
Bihar lies in lower class families, 60% people lies in middle class families and
15% people lies in upper class families.
Check Your Area Demography
Checking out your area demographics will help to determine if you have chosen
the right location for your business. Demographics will include the age group of
the people living in a particular area, their average income and household etc.
that will give you an idea if they can afford the product or service you are
offering.
Along with this, also check out the neighborhood traffic generators, such as
other retailers that draw people to the area, industrial or office parks, schools,
colleges and hospital complexes. Apart from this, also take a look at the both
highway and foot traffic to see how much people would be visiting your
establishment in a day and if it would be the perfect location to base your
business.
Easy to accessible
This place is very easy to find because it is just 2 km. away from national
highway. This area is fully developed and well maintained so every one can
reach there easily.
On basis of all the above research we found our location in GANDHI MAIDAN
Patna (Bihar) which full fill our all the questions.
Our Location……
Upper Lower
15% 25%
Middle
60%
Naming of Your Hospital Rightly
As contrary to what people think and say about a business name and what role
can it play in its establishment; a business name is a very important feature as it
not only reflects your brand and makes it memorable, but it is also very
important when it comes to making a business a legal entity.
Font based logos such as those of IBM and SONY that use letter fonts with
such a twist that makes them look distinctive and makes them memorable
Illustration logos that use pictures to show what a company does such as a
house painting company using paint brush in their logo with name
Abstract graphic logos that use an abstract art to represent a company with
or without the company name such as Nike
Examples-
Infrastructure Requirement
After deciding budget, location, naming and logo the next thought came in mind
that what will be the infrastructure of the hospital.
We require 50,000 Sq. ft area for our hospital out of which. 30,000 sq ft area will
be use for building purpose, 30,000 sq ft area will be use for basement parking
purpose, 18,500 sq ft. area will be use for green lawn, 1000 sq ft area will be use
for cafeteria and 500 sq ft area will be use for Dumping ground.
The whole area will be allocated for different segment as shown in table.
Map of Floors
Each Floor Structure
There will be six floors in this hospital project, one basement for parking, garden
area, dumping area etc.
There will be a cafeteria for staff and visitors.
There will be green lawn for morning and evening walk.
There will be a separate dumping ground.
There will be a 1600 car parking area.
Each floor will have 1 general ward, 5 semi-private wards, 3 private wards, 2
operation theaters, 1 laboratory, 1 conference hall, 1 rest room.
The structure of general, semi-private, private ward shown in table below.
Strategies to find out the goals are being achieved or the targets are
being set:-
For any business to run successfully firstly it should have primary objective. We will
also have a primary objective.
Our primary objective is to take into consideration the local people to have their
belief on us, to have faith of people on us. Then we will take larger section of
people into account.
Middle
60%
Maturity
Stage
Introductory Stage
Introduction: In this introductory stage the patient will be less as compared to the
other hospital. This phase willPRODUCT
run continuously for few years.
LIFE CYCLE
Competition: There will be less competition as there is no such good hospital.
Marketing: We have to market more our product because customers have to be
promoted to try the product. To promote the hospital we have to advertise in
newspaper, T.V, and hording on roadside.
Profit: In the first year profit will be less because of fewer patients and less
charges. If we raise our charges it will affect negativity in our hospital.
Service: our main focus would be on to give best service to our patients.
Growth Stage
It will take to 1 to 2 year to reach the growth stage.
Introduction: Patient will increase as till now more people know about us.
Profit: profit will increase because of the increase in number of patients and
increase little bit in charges according to the market.
Charges will increase: now to have run hospital properly we need money. So we
will increase little bit charges.
Completion: now the competition will be increase because of few other hospitals
would come up. So to sustain we have to work hard and keep our patient satisfied
by charging appropriately. Now this stage will goes to till next 10to 15 years. By
this time we would be having huge profit coming.
Maturity stage
After 10 to 15 year of successfully run our hospital will reach to its maturity stage
where we will rule.
Cost increase: After making a brand name we will increase our charges in future
price of everything will increase.
Number of patient: at the stage everybody knows us will and therefore large
number of patient will come to us for treatment as they would have faith on our
treatment.
Infrastructure size: after successful run, the floor of hospital will be increase and
different new department would be include as per the requirement if the time.
Profit increase: as number of patient reaches to its peak and some price increase
we will have large amount of profit.
It Means….