One Time start up costs Bus Analyst:

This is an example of what

some of the upfront costs
may be. Be sure to plan
Computers (3) for2,000
these in your budget,
Fax Machine as1,000
well as ongoing
Copy/Fax expenses
-
Phones 2,000
Laser Printer
Uniforms -
Office Supplies 1,000
Medical Supplies 1,000
Legal/Bank Fees 5,000
Rent Deposit 1,000
Utility Fees 1,000
Insurance 5,000
W/C Deposit 6,000
Miscellaneous 5,000
Bus. Analyst:
30,000 this is carried forward to
the Cashflow statement of
year one.
BUSINESS PLAN FORECASTING TEMPLATE
Notes on this page:
Here is where you will enter your assumptions, which included intial staffing and growth patterns,
levels of staffing and pay, as well as mileage, cooperative membership fees, and other issues
Entering the information here lets the program do the calculations and make adjustments in
the financial projections consistently. Making changes directly to the profit and loss spreadsheets
will cause the reports to become inaccurate and unreliable. Please check to see if the iformation
is the result of a formula based on this assumptions
Bus Analyst: page before changing your financials.
hours worked for full time
staff
Password protection is trivia
Bus. Analyst:
ref # Enter starting number of
Staffing/pay
workers here for month Hours for Hours for
1 one
Starting workers - XX, with a growth of X worker/ month Full Time Part Time
Bus. Analyst:
1 12 40
average hours for part time 25
Evenly spaced between FT (40 hrs) and PT (avg 25 hrs/ week)
Year One Year Two Year Three
2 Starting wages for CNA= $12 avg $ 12.00 $ 12.25 $ 12.50
Starting wages for homecare = $10 avg $ 10.00 $ 10.25 $ 10.50

There can be a tiered scale to consider experience at hiring time.

The wages above are the average of the scales.

No one will work more than 40 hours/week.

1
cna/homecare services ratio will remain at 1:2 YR1 YR2
CNAN 33.3% 33.3%
home care 66.7% 66.7%

Worker members will get paid for the jobs they perform, not their
qualification level. If a worker gives a client a bath, and
cleans the house on the same visit, their pay will be cna for the
bath time and homecare for the cleaning time.

Client Fees Year One Year Two Year Three

3 CNA Care - $20/hr 20.00 20.00 20.00
Home Care - $17/hr 17.00 17.00 17.00
in the first analysis. All work is straight pay - no shift
differentials, no sick days, no holiday pay. These benefits
are addressed in the bonus section below.

Worker/Owner Fees
4 Member fees are $300, which are payable over a two year period through payroll deduction

Other Assumptions

B Months 3,6,9 and 12 are 5 week months - higher variable income/costs, steady fixed costs

You can put other assumptions here, such as - what will limit the growth of your
 There is a 60 day delay in billing - Ie January
A invoices are paid
paid in mid March

Private pay will make up 10 - 30% of the business

remaining 70 - 90% will be county contract. For this
budget we use county contract rates for all.
Bus. Analyst:
For planning purposes, limitations of growth are: This is where you may put some boundaries into your growth pl
availability of qualified worker members, up to the $2.5MM
or requirements of growth into your plan. This will be very
cap of funds available to the county contract. dependent on your client base.

At that point, additional growth would rely on the ability to

enroll private pay clients.

5 Mileage is about 1.7 miles per hour of work - $0.485/mile

6 Administration includes yr 1 yr 2 yr 3
1 FT Executive Director ($40,000) 40,000 41,200 42,436
1 PT RN - $27/hr @ 10 hrs/week 14,040 14,040 14,040
1 FT Services Coordinator (5 hrs/wk@ 12.50/hr 3,250 3,250 3,250
1 PT Bookkeeping/Billing 5 hrs/week @ 10/hr 2,600 2,600 2,600
59,890 61,090 62,326

7 Business Liability is assumed at $12/1000 in billi 12.00 14.40 17.28

with a 20% increase each year

8 An initial loan will be borrowed to help with cash f Amt is determined by maintaining m/e cash of at leas
Amount 100,000
Rate 4.00%
Term 5 years $1,841.65
Interest only first twelve months $ 333.33

In addition, a line is available for further advances up to 100000

interest only, 4%.

BENEFIT OPTIONS
All worker members have access to the following benefits
9 x Shift differential $ inc/hr Year 1 Year 2
approximately 20% of hours worked would qualify 0.15 891 1,449
a shift differential (nights, weekends). This would 0.25 1,485 2,415
in addition to their regular wage

10 x Paid Travel Time Year 1 Year 2

With arrival and travel time, it is estimated that 1.6 hours of 35,646 57,954
billable hours will be incurred for every 2 hours of employee labor.
(travel and set up time.) These times will be reimbused at
$6.00/hr regardless of certification.
11 x Holiday Pay Year 1 Year 2
10 days per year will be considered holdiays,
with time and a half paid on those days for those
working. 4,622 7,691

People working less than 20 hrs/week do not have the following benefits:
12 x Personal Time/Vacation
Less than 20 hrs/ week Year 1 Year 2
Workers averaging less than 20 hrs/wk do not accrue personal time
This is about 15 % of the billed hours. 0 0

Working More than 20 hours/week Year 1 Year 2

Each person earns 1 hour personal time for every 20 hours worked.
this is sick time, vacation, and personal days. 14,341 23,862
This would be about 85% of hours worked.

13 x Health Care Year 1 Year 2

less than 30 hrs/week (50% of members)
no benefit 0 0

more than 30 hrs/week (50% of members) Year 1 Year 2

$2,500/yr is available for health insurance 2500 2500
21,875 35,625
 YR3
33.3%
66.7%

payroll deduction

eady fixed costs

some boundaries into your growth plan,
nto your plan. This will be very
ase.

aintaining m/e cash of at least $10,000 yrs 1-3

Monthly Payment
Special terms to loan.

Year 3
2,007
3,344

Year 3
80,262
Year 3

10,896

Year 3

Year 3

33,804

Year 3

Year 3
2500 per eligible emp
49,375