Medication For the Nation “Solving the nations problems one little pill at a time.” By: Rileigh Martin Age 16 Sports and Medical Sciences Academy.

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Presentation transcript:

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 O Americans cannot afford the Medication that they need O Medication is being disposed of or is no longer in use O No one is re using medicine to give back to the community who really needs it

My Solution O Making Medication available to everyone O 100% affordable O Recycle old medication that would be thrown out that has not been used and still packaged

Mission and Social Impact Mission Statement To 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 Service O 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 Stickers0.06 Medical paper bags 0.22 Fixed ExpensesTotal: $1, Item$ Building Space Phone/ computer20.00 Website8.00 Depreciation27.00 Insurance Economics of One Unit Selling Price $ 5.00 Cost of var. materials exp. $0.28 Cost of labor 0.13 Other variable costs 0.00 Total COGS/ COSS $ 0.41 Contribution Margin $4.59 Definition of One Unit One prescription of redistributed medication Monthly Break Even Units $ = ≈ 230 units of redistributed medication $4.59

Market Analysis Description of Target Consumer DemographicsGeographics Individuals that cannot afford medication that fall along lower income levels Hartford County PsychographicsBuying Patterns Individuals 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 Statistics Industry Name: Pharmaceutical Industry Annual Industry Sales: $950 Billion Industry Name: Non-profit Industry Annual Industry Sales: $110 Billion 34,000 11,000

Marketing and Sales O Through Hospitals Nursing Homes O Word of Mouth O Pamphlets O Charity Events/ Special Events O Business Cards O Personal Relationships

Competition Medication for the Nation Blue Cross Blue Shield The Malta House LocationLocated in one space that is available to everyone Multiple business place, no free medication Located in different parts in the city ServiceNo waiting timeMedication wait times are long at pharmacy Waiting in line for a long time SelectionDonate 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 business 3. My business allows you to donate your time and give back to the community

Qualifications O 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 Total Units, 5,000 Gross Revenue $22,950 Net Profit $7,004

Start-up Funds ItemWhy NeededCost Building SpaceTo run my business out of 600sq$ MedicationTo supply the people medicationAlready Owned Phone/ ComputerHave to contact and spread informationAlready owned DBASecure my business name$10.00 Paperworkwww.probonopartner.org$1,000 WebsiteAdvertising$8.00 Total Startup Expenditures$1, Emergency Fund$1, Reserve for Fixed Expenses$ Total Startup Investment$3, ROI: Return on Investment $7, = 207% ≈ $ 2.07 $3, ROS: Return on Sales $7, = 30% ≈ $ 0.30 $22,950.00

Future Plans O 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