When it comes to resource requirement for the new business, it includes a basic funding and a place for the hospital. Apart from that, Hosping Care should include the human resource for the hospital and nursing home. For start-up venture, it should incorporate with two nurses and two medical nurses. When it comes to doctors, the Hosping Care should provide paediatric, trauma and overall specialist to handle most of the viable issues.
The proposed business model is very practical because it incorporates modern techniques of Smartphone world. The proposed idea is focused to minimize the cost and maximize the service by popular techniques. The financial services are openly rendered by the company so it can work freely without any problem. As per as Jilany and Kader (2018), it is proposed to provide nursing care and hospital facilities under the same shed. As a result, the Hosping Care will combine and overcome competition by following the modern framework. The effective cost management for the new business is very useful because it gives a practical idea of the competition and overall view of the market. The venture business of hospital and nursing home will employ quality service to attract the group of old people who are facing issues regarding joint pain, loss of calcium and more.
From the above report, we have come to a conclusion that it is not easy to start a new business in hospital and nursing service. The world is facing issues for the aging of a population it also leads towards human resource lose in the society. However, a dedicated program relating to the aging can solve such issues. According to the essay, the business will face competition in the market, but it will outperform others. The essay covers estimates of the start-up price for the Hosping Care business. The resource requirement is not pretty high for initial set-up because there is a simple business strategy when it comes to providing aging support. The incentive care for the aged people involves usage of modern technology along with the traditional method to interconnect patient and doctor. According to the key findings and market size of the essay, the venture will target participates of old aged people.
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