Youngmilee, inc. 1 Page Business Plan
Overview
Youngmilee, inc. has a clear business objective to promote Drugs in shortage services. These services have been developed over 6 months with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.
The Customer
Youngmilee, inc. has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as Real-time DB of demand/supply. This is a critical issue for our selected target market of Medical distributors and institutes.
The Value Proposition
Youngmilee, inc. is uniquely positioned to deliver value to Medical distributors and institutes. "Youngmilee, inc. will Real-time analysis and delivery with all possible routes." In order to be deliver on this value proposition, we Real-time DB and valuable resources from many countries. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.
Competitors
We have a number of competitors within the Drugs in shortage market. We consider our key competitors to be: medical distribution companies(AmerisourceBergen, Cardinal, McKesson). Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with medical distribution companies(AmerisourceBergen, Cardinal, McKesson) by More focus on drugs in shortage.
Key Strategies
Over the next 6 months our focus will be to Create contracts for 3-5 products. This task will be undertaken in the context of our broader strategy to Expand to 10-30 products. These strategies are a tactical implementation of our overall business goal as outlined above.
Milestones
Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: Top company in drug shortage Annual profit of $+1 mil +10 Branches over the world
About this document
Drugs in shortage Business Plan
This document was created by Youngmi of Youngmilee, inc. using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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