Identify and explain your chosen business structure Estimate monthly cost for establishing your own independent practice in your home state, including: o Clinical site expenses o Employee structure and expenses o Supplies o Utilities and other overhead expenses o Malpractice insurance o Continuing education expenses o Accounting fees o Services identified that you will provide (e.g., primary care services, drug screens, DOT exams) o Projected monthly income necessary to support your independent practice

Assignment 1: Business Plan Development Elizabeth Jones, FNP-BC, has been an NP for 8 years. She has worked in the primary care setting, as well as the urgent care setting. She is considering relocating to a state that allows for unrestricted independent practice and opening her own primary care clinic. There are multiple benefits to owning an independent practice. However, owning a practice requires extensive knowledge and support. For an NP to establish independent practice, an appropriate plan must be developed. For this Assignment, you will create a Business Plan for your potential future business. Write a 2-3-page paper Business Plan that addresses the following: NB: References much be from the last five years including journal articles and the textbook listed below Additional Resource: Buppert, C. (2018). Nurse practitioner’s business practice and legal guide (6th ed.). Sudbury, MA: Bartlett & Jones Learning. Appendix 11-A: A Checklist for Setting Up a Practice (pp. 383-394) Appendix 11-C: Sample NP Business Plan (pp. 400-412) Chapter 11, Practice Ownership: Legal and Business Considerations for the Nurse Practitioner Owner (pp. 353- 381) Buppert, C. (2015). Appendix 11-C: Sample NP Business Plan. In Nurse Practitioners Business Practice and Legal Guide (5th ed.). (402-416). Burlington, MA: Jones & Bartlett. Buppert, C. (2015). Practice Ownership: Legal and Business Considerations for the Nurse Practitioner Owner. In Nurse Practitioners Business Practice and Legal Guide (5th ed.). (315-383). Burlington, MA: Jones & Bartlett.
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