Business plan for a high tech madicine box

med-idispense enterprises

Business Plan

High-Tech Medicine Box Your name

5 /15 /2008

ABSTRACT

The business plan project shall be put into practice to ensure that the business is successful

The projected business is intended to produce medicine box . It will be needed for patients who need to take their medicines on time and a delay in their one dose may cause a relative delay in the other doses which may be harmful for the patient . It can be used for patients who are suffering from life-threatening diseases . This

medicine box will have an alert system which will remind the patient which dose has to be taken at that particular time . It is designed in a way with Wi-Fi so that just incase the patient has not taken the medicine it will send a message on the care-takers email account or on the mobile phone . This will keep the care-taker informed and will make him /her take the necessary action according to their needs

The business will offer employment opportunities to employees thus improving their living standards . The business will ensure that multiple meet the required doses standards as prescribed by doctor

Thus profit making will be the motto of the business while charging reduced prices and offering quality services BUSINESS

The name if the proposed business will be Med- idispense enterprises . It will be located in south of Washington DC

It will be owned by a sole proprietor . The business will be designing manufacturing and selling idispensers . The major activities of the business will be grouped into four broad categories : - the manufacturing section , research and development section , marketing and finance and operations

A wide range of services will fall under mechanical servicing electrical servicing and of other medical equipments . The business shall be under automotive service industry . The proposed business will be of a medium class

The location of the business will offer the business with advantages like high demand , security , good infrastructure , industrial area busy with other business activities and good return of investment

Among those short term goals of the business , it will be aimed at increasing its sales by 30 -40 in a period of three months and employing 25 employees at the beginning . The long term goals of the business are to open new branches after 3 years in Europe , Asia and South America . The business is aimed at offering quality product . The business shall later diversify its operations and segment into various sections

Marketing plan

Through research carried out in Washington DC the owner manager identifies some of the customers that will be targeted . They will include patients who need to take timely doses . It also caters to people who follow a strict scheduled diet regimen and have timely course of medicines to be taken

The proposed business fall under new concept business with no competitors but with time it is expected to be there

It will promote its image through posters , uniforms , recipients , sign boards , internet advertising , opening online shop , prime time...