Business plan
Business Plan
Team Members:1)Neel Thumar
2)Aaryan Sanghvi
3)Harsh Trivedi
4)Aryan Ghuntla
5)Dev Bathia
We are solving the problem of eyedrops as we need someone to help us to put eyedrops in our eye so we are solving that problem of putting eyedrops in the eye with ease.
Our innovative idea to put the eyedrops in the eye individually without any help.
Our largest audience is the hospitals and the eye care hospitals and the senior citizens as senior citizens mostly suffer from eye problms in their old age.There are no direct competitors to us but there re indirect competition from the products made by MNCS which are solving the same problem but with exoensive devices made by them.Our marketing activities include promotion and marketing of our brand through various social media sites and through radio jingle and ads.
a)we will be selling this product at rupees 99.
b)we arrived at this cost after counting all our preliminary costs and our profit margin.
c)pur profit margin is 14.14%
We are planning to produce 299 units and we are planning to sell around 70 units in year 1 and around 100 in year 2 and rest in year 3.
We would require around 10000 rupees as capital as it is low costed product and we do not require much investment in this product.
We need not require much human labour in this product as product can be made very fast and one person can make 45 products in an hour if he works productively.
The other resources we require is plastic mould so we can also provide pre fitted caps so that product is more enhanced.
