Business Plan for PCR Testing Service: Entrepreneurship Development

This project presents a business plan for a PCR testing service, addressing the market opportunity created by the COVID-19 pandemic. The plan includes a detailed introduction to entrepreneurship development, emphasizing the importance of enhancing entrepreneurial skills and knowledge. It outlines the business idea of providing accessible and affordable PCR testing, supported by a lean business opportunity analysis and the use of a customer value proposition canvas to identify customer needs and values. The project highlights the crucial role of a CFO in managing financial practices and business growth. A comprehensive financial plan, including cost structure, revenue streams, and cash flow analysis, is also provided. The document concludes with references and appendices containing cost structures, revenue streams, and cash flow analysis, offering a practical guide for aspiring entrepreneurs in the healthcare sector.

Entrepreneurshi
p Development

Table of content
 Introduction
 Business idea
 Lean business opportunity
 Customer value proposition canvas
 C-level specialist contribution
 Financial and financial plan
 Summary
 References
 Appendices

Introduction
 Entrepreneurship development refers to enhancement in skills of entrepreneurs and knowledge through
various programs and training. The main purpose of entrepreneurs development is to strengthen and increase
the number of entrepreneurs. This process helps firm in order to increase in productivity and profitability.
Another point of this, it improve the productivity, capacity, develop, manage and build a business that keeping
in mind that risk is related to this only. In any business there is a position of CFO that helps business in
develop structure of complex process and achieve financial success in company.

Business Idea
Currently, due to spread of COVID-19 pandemic, the demand for testing is
present. In Europe and most of the countries, a negative test is needed to travel
and to prevent isolation. The testing for kids, business travel or pleasure travel
can not be made by National Health Services for free, without symptoms. So,
providing PCR testing services by placing the PCR machine in cheaper letting
area and developing sample collection points, provides opportunities for such
business to resolve this issue and make people able to get their COVID-19 test
done. Another benefit is that it provides fully accepted results and is cheapest
one. 10 EU countries were requesting Covid 19negative test before entering, as of
July 2020. Schengen Visa Info/EU/Schengen (2020).

Lean Business Opportunity
 In the business plan, it is the very important model used by the owner for creating the business Canvas model.
Lean business opportunity for PCR machines for COVID detection will assist the entrepreneur to manage
strategy, align strategy with tactics and allot resources effectively.

Customer value proposition Canvas
 It is the tool which states that goods and services is positioned in such a way of the customer needs and
values. In the business plan, through this model, customer profile and value map is easily identified. For
the business idea of PCR machines for COVID detection, customer value proposition canvas is as follows:

C-level specialist contribution
 The CFO as a commercial manager that plays vital role in growing start-up. The contribution of
CFO in this machine business beyond managing its finance. Being a CFO of business that is, it is
my prime responsibility to plan, execute, manage and run of all kinds of finance practices of the
venture that comprises business planning, forecasting, negotiations and budgeting. Also, CFO of
the company is responsible for growth of the business, form new relationships with clients,
establish overall financial plan, reporting and manage cost as it can provide it into market with
cheaper price.

Financial and Financial plan
 Financial plan refers to planning, organising and managing money for making strategies and future income.
Firms makes its financial plan that includes its cost structure, revenue stream, break even point, cash flow
analysis and fund flow statement for its financial activities for the year 2020, 2021 and 2022. According to its
cost structure it includes some cost for three years that a company has to bear these includes variable costs
such as salary of employees, advertisement, rent of the building and fixed costs such as cost of material,
machines etc. In revenues stream it makes plan that it incurs profits from sales of machine, online selling,
advances from clients, further developments.

Summary
 From the above report it is about entrepreneurship development, it improve the productivity,
capacity, develop, manage and build a business that keeping in mind that risk is related to
this only. In other words, entrepreneurship development is the concept of developing skills
and advance them by training and development programs. It helps firm to increase its
productivity that leads to increase in profitability. It is about a business plan that is related to
COVID machines for testing in cheaper price and after recovering it sale it.

References
 Al-Malkawi, H. A. N. and Javaid, S., 2018. Corporate social responsibility and financial performance in
Saudi Arabia.Managerial Finance.
 Ariffin, A. S., Baqutayan, S. M. S. and Mahdzir, A. M., 2018. Enhancing women entrepreneurship
development framework: Policy & institution gap and challenges in the case of Malaysia. Journal of Science,
Technology and Innovation Policy. 3(2).
 Baporikar, N., 2017. Cluster Approach for Entrepreneurship Development in India. International Journal of
Asian Business and Information Management (IJABIM). 8(2). pp.46-61.
 Bilbao-Terol, A. and et.al., 2019. Integrating corporate social responsibility and financial
performance.Management Decision.
 Golkar Fard, M., 2019. Relationship between entrepreneurship and empowerment dimensions of rural women in Fars
province. Journal of Entreneurship and Agriculture.6(11). pp.1-10.

Appendices
 Cost structure:
 Revenue stream:

Continue…
 Cash Flow Analysis
 Sources of Finance
