65. How to Build Your Business Plan

Hi! I'm Dr. Myrdalis Diaz-Ramirez. Welcome to Episode #65!

Tune in to our latest episode of Design Your Physician Life Podcast, where we dive deep into How to Build Your Business Plan. We will take a deep dive into our own experience in creating a plan for our SahaVida Institute, and about the nuances of each incremental element that add clarity and structure to your efforts. We hope you enjoy this episode and find it very useful. Are you ready? Let's go!

Follow Dr. Myrdalis Diaz at these links:

• Website: drmyrdalisdiaz.com
• Podcast: Design Your Physician Life
• Linkedin: drmyrdalis
• Facebook: myrdalisdiaz
• Instagram: drmyrdalisdiaz

Chapters

• 0:00 Intro
• 0:36 The Business Plan
• 1:54 Why even do a business plan?
• 3:53 How our business plan came about?
• 6:06 The key components of a business plan.
• 7:41 Getting help and the SBA/SBDC.
• 10:48 Our Business Plan Step-by-Step
• 12:10 Business Description
• 13:48 Business Structure & Advisors
• 14:43 The Ownership Structure
• 15:27 Stating Your Goals & Objectives
• 16:38 Values, Mission, and Vision
• 17:33 Products & Services
• 18:17 Management
• 19:18 Marketing
• 20:27 Competitive Analysis
• 21:26 Risk Mitigation & Leveraging Opportunities
• 22:52 Understanding your competitive position in the marketplace
• 24:24 Business Management R&R
• 25:24 Personnel Requirements
• 26:33 The Executive Summary
• 27:15 Key Benefits of a Business Plan
• 28:13 It's a learning process!
• 29:53 Final Takeaways
• 30:42 Outro