HCA 620 How can a well-written business plan provide a competitive edge?

Grand Canyon University HCA 620 How can a well-written business plan provide a competitive edge?-Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University HCA 620 How can a well-written business plan provide a competitive edge? assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for HCA 620 How can a well-written business plan provide a competitive edge?                            

Whether one passes or fails an academic assignment such as the Grand Canyon University HCA 620 How can a well-written business plan provide a competitive edge?  depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for HCA 620 How can a well-written business plan provide a competitive edge?                          

The introduction for the Grand Canyon University HCA 620 How can a well-written business plan provide a competitive edge?  is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for HCA 620 How can a well-written business plan provide a competitive edge?                          

After the introduction, move into the main part of the HCA 620 How can a well-written business plan provide a competitive edge?  assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for HCA 620 How can a well-written business plan provide a competitive edge?                          

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for HCA 620 How can a well-written business plan provide a competitive edge?                            

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

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Sample Answer for HCA 620 How can a well-written business plan provide a competitive edge?

Re: Topic 4 DQ 2

A well written business plan is important when it comes to the provision of a competitive edge. The advent of new players in the health care sector means that competition is fierce and for a facility to survive, they need to have a competitive edge. In order to overcome competition in the general practice, properly researching, analyzing the environment and producing an apt business plan will make a facility beat its competition. One of the most important sections of a business plan that offers GIs a competitive advantage is the executive summary. Written in a concise and compact manner, an executive summary will present the reasons as to why the business or proposal is necessary, the costs involved in the implementation, and the attendant risks (Ingram & Spooner, 2004). Providing this information in a comprehensive manner makes a plan stand out as it already reveals the core basis of the business and how it plans to handle future risks, which gives confidence to the PCTs and prospective stakeholders. More importantly, the executive summary offers a guidelines regarding the implementation of the business proposal, which is important in helping the stakeholders to make a decision. As such, the manner in which the executive summary of a business plan is written provides a competitive edge to GIs.

Moreover, a well-written business plan provides factual information concerning various aspects such as costs, objectives, resources, and the risks involved. Written properly, these plans will not only present a proposal but also answer concerns that may arise from the PCTs and even internal stakeholders (Ingram & Spooner, 2004). Answering questions as to why the stakeholders should buy into a proposal and the reservations that they might have concerning the same ensures that a GI gains a competitive edge in the general practice arena as it will be more believable.

References

Ingram, M., & Spooner, K. (2004). A good business plan can put your practice in the driving seat. Pulse, 64(44), 40–41. Retrieved from https://search-ebscohost-com.lopes.idm.oclc.org/login.aspx?direct=true&db=a9h&AN=15098032&site=ehost-live&scope=site

Sample Answer 2 for HCA 620 How can a well-written business plan provide a competitive edge?

Hi, thank you making a precise contribution to the discussion. I agree with you that the main aspect that gives a business a competitive edge is its ability to eliminate the potential questions that may arise from potential investors and internal stakeholders (Ingram & Spooner, 2004). This particular characteristic of a business plan can be achieved through the creation of comprehensive components of the same. An organization should ensure that all the components are done satisfactorily by foreseeing questions that might arise. In addition, the executive summary of a business plan also plays an integral role in ensuring that this is the case. Ensuring that the above section has all the pertinent information concerning the business plan is a fundamental marketing strategy as it will not only raise the curiosity of stakeholders to read the document, but also satisfy them that the document captures all the pertinent areas of a proposed service or product.

References

Ingram, M., & Spooner, K. (2004). A good business plan can put your practice in the driving seat. Pulse, 64(44), 40–41. Retrieved from https://search-ebscohost-com.lopes.idm.oclc.org/login.aspx?direct=true&db=a9h&AN=15098032&site=ehost-live&scope=site

HCA 620 Topic 5 DQ 1 Sample Answer

Search the GCU Library on the following topics: Chart of Accounts, General Ledger, and Accounting System. Notice how much detail can be included in various financial statements. What accounting data is required for you to write your CLC Business Plan? How can you present just enough information for your reader to get a clear understanding of the financial concerns of your proposal? 

The financial plan of a business plan is probably the most important component of the document. The information contained in the document will either make the business plan effective or otherwise as it contains information that can influence lenders and other stakeholders (Boyd, 2018). Indeed, the financial data of a business plan is used to justify the whole proposal through the financial forecasts and statements. This data is employed by banks and investors to determine if the proposal is viable for them to be involved.  

The financial data for the present CLC project on Ambulatory Service Center will entail data contained in the Chart of Accounts, General Ledger, and Accounting System. However, not all the components of the above will be used in the CLC business plan. Given the nature of the business, investors and banks will be interested in the viability of the project. To this end, financial data on the sales forecast will be paramount. Further, data on the projected income statements will also be important. Information regarding the projected operating revenues, operating expenses, non-operating revenues and gains as well as non-operating expenses and losses (Entrepreneur Media, 2015). All the above information will belong to the facility’s chart of accounts. Moreover, the above chart of accounts information may also be presented in a format called the general ledger. To this end, the liabilities and assets of the hospital in addition to the above information will be captured and they are all pertinent to the present business plan. Moreover, the personnel statements is equally important to the present business plan as it may point to the profitability of the venture.  

Moreover, when creating the financial section of a business plan, not all the components of the Chart of Accounts, General Ledger, and Accounting System are significant. In order for a reader to clearly understand the financial concerns of the business, the information mentioned above needs to be integrated in a proforma balance sheet, which will summarize the information (Entrepreneur Media, 2015). The projected information in the balance sheet will then be summarized with highlight containing important information gleaned from the financial statements.  

References 

Boyd, K. (2018). Accounting all-in-one for dummies. Hoboken, NJ: John Wiley & Sons.  

Entrepreneur Media. (2015). Write your business plan: Get your plan in place and your business off the ground. Irvine, CA.