180 Did you know every 180 seconds an American enters an emergency room because of a reaction to a food allergy. What if I could save someone from a visit.

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Presentation transcript:

180 Did you know every 180 seconds an American enters an emergency room because of a reaction to a food allergy. What if I could save someone from a visit to the emergency room? If there was something that could save time, help the disadvantaged, and simultaneously provide the nutrition facts preventing someone from stepping outside of their dietary restriction.

Can iEatThat? By NutriMensa Don't live harder,  live smarter!  I present to you the food scanning app; Can iEatThat? developed by my health application company, NutriMensa. I'm Emir Ademovic from Sport and Medical Sciences Academy and this is how I plan to help those 15,000,000 Americans with food allergies and the other countless amounts of people around the world with dietary restrictions  based on belief or aesthetic motives. Emir Ademovic Sport and Medical Sciences Academy May 1, 2017

What’s the problem? Dietary restrictions Food Allergens Impaired vision Inability to read Nutritional ignorance Time Many people around the world have dietary restrictions. With the help of my app, they will be able to easily scan barcodes and see if the food item is within their dietary restrictions or not. This includes the 15 million Americans with food allergies. There are also many people that have impaired vision or are unable to read the small fonts that companies use on their nutrition labels. Many people are unaware of what it is that they are consuming. With the help of my app they will be saving time and be aware of what it is that they are consuming.

The Solution: Phone application Reads the nutrition facts for you Tells you if you can consume the item Saves time Helps those who can’t see well Stores dietary intake Provides information about nutrients Here is my solution. My phone application Can iEatThat will read the nutrition facts to you, tell you if you are able to consume the product or not based off of dietary restrictions, save you time, helps those who aren’t able to see well, and store your dietary intake along with information about nutrients.

Description of Product Apple/Android compatible Setup an account with your email Camera scans the barcode Database has stored nutrition facts based on barcodes Application will tell you if you can eat it or not based on your preferences I have made a product that will allow anyone to easily scan barcodes anywhere to get nutrition facts and see if they follow their dietary restrictions. The database will store the information based off of the barcodes and will tell you if you can or cannot eat the product based off of your preferences.

My Mission Social Impact Can iEatThat? by Nutri Mensa wants customers to be able to save time have control over dietary intake, and prevent any danger from happening to those with food allergies. Market research shows 100% of my target market brings their phone to the grocery store Social Impact Provide a reliable health tool that can be carried around in your pocket. Can iEatThat?’s mission is to help customers be able to save time, have control over their dietary intake, and prevent any danger from happening to those with food allergies. We provide a reliable health tool that can be carried around on your phone at all times and is easily accessible.

Business Model Description of Expenses Variable Material Expenses Total: $0.00 None $0.00 Fixed Expenses Total: $5,245.10 Depreciation $10.10 Insurance $125.00 Utilities/Rent $100.00 Advertising $10.00 Salary $5,000.00 Definition of One Unit One Space of Advertisement Economics of One Unit Selling Price $100.00 Cost of var. materials exp. $0.00 Cost of labor $10.10 Other variable costs Total COGS/ COSS Contribution Margin $89.90 My definition of one unit is one space of advertisment on my app. due to it all being technologically adavanced my variable materials are very low.. I mostly have startup prices rather than constant materials I have to buy. I would just have to maintain the app and collect funds, which only takes about 5 min. Monthly Break Even Units $5,245.10 = 58.34 ≈ 58 units $89.90

Description of Target Consumer Market Analysis Market Statistics Industry Name: Phone Application Annual Industry Sales: $77 Billion Description of Target Consumer Demographics Geographics Parents Families Middle/Upper income United States of America Psychographics Buying Patterns Afraid to break dietary restriction Holidays- food is being made. Summer/first few months of the year- people are trying to lose weight. Total Population Target Market Population 321 Million Market Size Target Market Size 51 Million 15 Million

Marketing and Sales Email list Social Media Facebook Twitter Pinterest Instagram Guerilla Marketing Street Art Dollar marks Stickers Word of mouth Website For Can iEatThat?’s marketing and sales, we will have a facebook, twitter, pinterest, and instagram because these social media platforms have a large portion of my target market. I will also be using guerilla marketing, like street art, dollar marks, and stickers.

Competitive Advantages MyNetDuart PRO ipiit Cost Free 3.99 Dietary Possibilities Extensive Limited Additional Features Extra features Limited features Your Competitive Advantages 1. The initial download of my app will be free 2. My app runs all food restrictions rather than limited/specific restrictions 3. My app has many more additional features compared to my competitors My app is by far the better product and the more reasonable price compared to my competitors. The initial download will be free, since it isn’t even my most important source of income. My app had more features such as my cart, my coupions, stores near me, top 10 products of the month, and it offers various amounts of languages.

Qualifications Current business owner General coding knowledge Multilingual Will be pursuing a business degree Have taken a Marketing and Entrepreneurship class I am qualified to run Can iEatThat? because I have taken a marketing and entrepreneurship class, I have general coding knowledge, I am going to pursue a degree in the health field, and I am multilingual.

Sales Projections Gross Revenue $121,500 Net Profit $38,325 Total Units 1,215

ROI: Return on Investment Start-up Funds Item Why Needed Cost App developers To create the app $30,000.00 Apple/Google store Cost to publish the app $124.00 Paper Advertisement $19.00 Printer Owned Phone Management Computer Total Startup Expenditures $30,143.00 Emergency Fund $15,000.00 Reserve for Fixed Expenses $15,800.00 Total Startup Investment $30,800.00 My app is very expensive since I have to get it done by professionals and pay company's to keep my app up. I plan to do guerilla marketing which is low-cost high effect advertisement,. ROI: Return on Investment $38,325 = 124% ≈ $1.24 $30,800 ROS: Return on Sales $38,325 = 32% ≈ $0.32 $121,500

Future Plans Philanthropy Add more features to Can iEatThat? By NutriMensa Create more applications related to health Philanthropy Can iEatThat? will donate 5% of our yearly net profit to the National Psoriasis Foundation In the future I plan to add more features to Can iEatThat?, create more health related apps, and go public with NutriMensa with an initial public offering. For my philanthropy Can iEatThat? will be donating 5% of our yearly net profit to the national psoriasis foundation. The natonal psoriasis foundation is very important to me because my little sister was recently diagnosed with psoriasis which has become tough with my family. I hope by msking these donations to the foundation that not only will I be helping my sister, but families like mine.

Don't live harder, live smarter! Thank you for your consideration of Can iEatThat? By NutriMensa thank you for your consideration of Can iEatThat? by NutriMensa. contact me at anytime through my email and you are guaranteed a response. and remember don't live harder, live smarter!    Contact: Eademovic001@hotmail.com