medication for the nation
DESCRIPTION
Medication For the Nation. “Solving the nations problems one little pill at a time.” By : Rileigh Martin Age 16 Sports and Medical Sciences Academy. Problem/Unmet Need. Americans cannot afford the Medication that they need Medication is being disposed of or is no longer in use - PowerPoint PPT PresentationTRANSCRIPT
Medication For the Nation
“Solving the nations problems one little pill at a time.”
By: Rileigh MartinAge 16 Sports and Medical Sciences Academy
Problem/Unmet NeedOAmericans cannot afford the
Medication that they need OMedication is being disposed of
or is no longer in use ONo one is re using medicine to
give back to the community who really needs it
My SolutionOMaking Medication available to
everyoneO100% affordable ORecycle old medication that
would be thrown out that has not been used and still packaged
Mission and Social ImpactMission StatementTo ensure that ALL Americans have the ability to access medication that is a necessary for their wellbeing.
Social Impact We use recycled medication to help keep everyone as healthy as possible.
Description of ServiceO Medication from nursing homes,
hospitals and health care facilities O We conjoin with a college that has
graduated pharmacist that donate a year of their time for tuition reimbursement or gain clinical hours
O Having pharmacist and doctors re prescribe this medication making it safe and reliable
Business Model Description of Expenses
Variable Material Expenses
Total: $0.28
Item $Medical Stickers
0.06
Medical paper bags
0.22
Fixed Expenses
Total: $1,055.00
Item $Building Space
850.00
Phone/ computer
20.00
Website 8.00Depreciation 27.00
Insurance 150.00
Economics of One UnitSelling Price $5.00 Cost of var. materials exp. $0.28 Cost of labor 0.13 Other variable costs 0.00Total COGS/ COSS $0.41Contribution Margin $4.59
Definition of One Unit
One prescription of redistributed medication
Monthly Break Even Units$1055.00
= 229.84 ≈
230 units of redistributed medication$4.59
Market Analysis
Description of Target ConsumerDemographics Geographics
Individuals that cannot afford medication that fall along lower income levels
Hartford County
Psychographics Buying PatternsIndividuals that are stressed and worried about their health
When prescription needs to be filled (monthly)
Total Population
Target Market Population
897,259
Market Size
Target Market Size
Market StatisticsIndustry Name:
Pharmaceutical Industry
Annual Industry Sales: $950 Billion
Industry Name:
Non-profit Industry
Annual Industry Sales: $110 Billion
34,000
11,000
Marketing and SalesO Through Hospitals Nursing Homes O Word of Mouth O PamphletsO Charity Events/ Special EventsO Business Cards O Personal Relationships
CompetitionMedication for
the NationBlue Cross Blue Shield
The Malta House
Location Located in one space that is available to everyone
Multiple business place, no free medication
Located in different parts in the city
Service No waiting time
Medication wait times are long at pharmacy
Waiting in line for a long time
Selection Donate your time after getting the medication to give back to your community
You just have to pay for the medication
People will not just take free medication
Your Competitive Advantages
1. My business is located in one space that is open to everyone to reach. 2. You do not wait for a prescription from my business3. My business allows you to donate your time and give back to the community
QualificationsO Time Management O Self Sufficient O Donate my time to an organization
that is similar to my business O I have a M.D. and Pharm.D. degree O Have taken a
Marketing/Entrepreneurship Course
Sales Projections
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec0
100200300400500600
Units Sold
Units S...
Total Units,5,000
Gross Revenue$22,950
Net Profit$7,004
Start-up FundsItem Why Needed Cost
Building Space To run my business out of 600sq $850.00Medication To supply the people medication Already
OwnedPhone/ Computer Have to contact and spread
informationAlready owned
DBA Secure my business name $10.00Paperwork www.probonopartner.org $1,000Website Advertising $8.00
Total Startup Expenditures $1,810.00
Emergency Fund $1,000.00Reserve for Fixed Expenses $500.00
Total Startup Investment $3,368.00
ROI: Return on Investment$7,004.00 = 207% ≈ $2.07$3,368.00
ROS: Return on Sales$7,004.00
= 30% ≈ $0.30$22,950.00
Future PlansO Will grow to have multiple
operational redistribution buildings all over the northeast, then develop into more parts of the country
O Plans for Philanthropy Migrant Farm Workers
(5% net profit)
“Solving the nations problems one little pill at a time.”
Thank you for your consideration of
Medication for the Nation
Website coming soon