Linking your business plan to your practice strategy
Medical practices are most commonly operated as small businesses.
The principles of operation for a small business are much the same as for larger businesses up to 10–20 times the size.
In contemporary business operation, strategic thinking and planning is as essential as financial budgeting and reporting.
This module sets out to provide a background for these activities, as well as a framework for business planning that can be adapted to your own practice.
A formal business planning process will link your practice strategy with a business plan.
Committing a plan to writing will increase the likelihood of success in achieving the practice objectives. Furthermore, there needs to be an implementation plan (an action plan) combined with a mechanism to measure results.
Provided under licence
This resource is provided under licence by the RACGP. Full terms are available on the licence terms page.
In summary, you must not edit or adapt it or use it for any commercial purposes.
You must also acknowledge the RACGP as the owner.