Medical Language Translation Business Plan

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Global Health Translations

Company Summary

Global Health Translations is a service focused on the translation needs of the health care industry.  We have gathered a large pool of translators and editors in more than 30 languages. All translators and editors are native speakers. The translators are accredited by the American Translator Association or other similar organizations. Our editors are required to have a medical education and practice in the medical field.

2.1 Company Ownership

Global Health Translations is owned by Linda and Steven Johnson.

2.2 Start-up Summary

Linda and Steven Johnson will invest in the company as well as securing an SBA business loan.

Medical language translation business plan, company summary chart image

Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $2,000
Brochures $3,000
Consultants $0
Insurance $0
Rent $1,000
Translators/Editors Pool Development $40,000
Computer Equipment/Software $6,000
Other $0
Total Start-up Expenses $54,000
Start-up Assets
Cash Required $26,000
Other Current Assets $0
Long-term Assets $20,000
Total Assets $46,000
Total Requirements $100,000
Start-up Funding
Start-up Expenses to Fund $54,000
Start-up Assets to Fund $46,000
Total Funding Required $100,000
Assets
Non-cash Assets from Start-up $20,000
Cash Requirements from Start-up $26,000
Additional Cash Raised $0
Cash Balance on Starting Date $26,000
Total Assets $46,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $50,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $50,000
Capital
Planned Investment
Linda and Steven Johnson $50,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $50,000
Loss at Start-up (Start-up Expenses) ($54,000)
Total Capital ($4,000)
Total Capital and Liabilities $46,000
Total Funding $100,000

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