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From the view point of the medical counsellor, pharmacies should be built as much
as possible due to the benefits of the medicines to the public. In addition, pharmacy is said
to be the mini clinic where you can always get your medicines if you are having shortage of
it. Besides we even can buy medicines for our illness such as headache, stomach ache,
vitamins, energy tonic and milk powder neither for babies nor adults.
Last but not least, we should have pharmacy in many places such as housing areas,
towns, near to the hospitals and even universities. As a responsible and good entrepreneur,
we have decided or planned to built a pharmacy at our TATIUC university.
PURPOSE
First of all, our main objective to start up a pharmacy business plan TATIUC is to provide
medications at superior prices. For an example, if the students, lecturers or the staffs of
TATIUC wanted to buy some medicines or vitamins, they always can get for the reasonable
and affordable price. They can save their budget for buying the medicines and many more.
Besides, by having a pharmacy in TATIUC it might help the students to save their time
for the sake to buy a medicince. Since the pharmacy is located at Kemaman town which is
located 3km far away from the university. Thus students can always save their time by going
to the pharmacy which is a stone throw away from the hostels.
In addition, we even can reduce the illness of the students, lecturers or the staffs of
TATIUC. For example, if anyone have minor problems or disease such as flu, headache and
sore throat they can the perfect and correct medicine as fast as lightning with the proper
prescription. They do not have to go to the hospital which is located far from the university.
Last but not least, by having a pharmacy in TATIUC, we can provide counselling of
dispensing of prescription and non-prescription drugs to the medical students. This might
improve and widen the knowledge of the students. They can get to know more about drugs
and the difference between harmful and non-harmful drugs
COMPANY BACKGROUND
Firstly the name of the pharmacy is TATIUC Pharmacy. This pharmacy will be
built on 28/11/2014. This pharmacy is located at TATI Universitiy and College, Jalan
Panchur,Teluk Kalong, 24100 KemamanTerengganu. In a simple way this pharmacy will be
located near to the entrance of TATIUC which will be beside the COOP Mart and the hostel
2(kediaman dua).
Besides this pharmacy will be fulfilled with traditional and modern medicines.
These medicines will have its own proper prescription and without any doctors or
pharmaciests prescription these medicines will not be distributed to the patients. Moreover,
these medicines have its level dosses that should be consumed. Due to that, the rules and
regulations of this pharmacy will be strictly controlled.
In addition, for the safety part of this pharmacy, we will have some CCTV
cameras in all direction of the pharmacy which means the four sides. There will be even
cameras out of the pharmacy. Next, we also had appointed two guards which will work on
two shifts, day time and night time.
Last but not least, we also had provided a mini lab in the pharmacy. We even
have the lab equipments to be used during experiments. Not only that we even had provided
the facilities to donate blood and pre-checking for diabetes and many others.
ZULAILI
SANDRA
FAUZI
AFIQ
SAGITHA
ZARIN
We are five in a team starting from Zulaili Bin Mohammad, Ahmad Fauzie Bin
Mohamad, Mohd Afiq Izuddin Bin Fauzi and Luqman Zarin Bin Zaidi. We had planned to
built pharmacy for the benefits of students, lecturers, staffs and many others. To be detailed
Luqman Zarin Bin Zaidi will be the owner of the pharmacy, Sagitha and Sandra will be the
administrative managers meanwhile Zulaili Bin Mohammad, Ahmad Fauzie Bin Mohamad
and Mohd Afiq Izuddin Bin Fauzi will be the executive managers.
Besides we are going to work in a team and divide our duties. The first
investment will be ours. Since our owner of the pharmacy is one of the member in Malaysian
Pharmaceutical Society so its easy for us to get the informations and the proper procedure
to start up the pharmacy. Moreover Sagitha , Sandra , Haris, Zulaili and Afiq had attend to
the seminar for business planning
First of all, this pharmacy is located at TATI University and College, Jalan
Panchur, Telok Kalong, 24100 Kemaman, Terengganu. To be more detailed it is nearby the
main entrance of TATIUC.
This pharmacy covered 998 meter square feet. It is also secured with modern
and technical alarm system. Not only that , consists of two floors. The ground floor will be
occupied by medicines for customers meanwhile, the first floor will be used as the lab for
experiments , blood donating and equipment for pre-checking for diabetes and many others.
ADMINISTRATIVE PLAN
The mission of this business plan is to provide best reasonable price to customers
especially customers in TATIUC. Thus , attracts customers in TATIUC to buy medicines in
affordable price. This helps customers especially TATIUC students which facing budget
problems.
Besides, the main objective of this business plan is to helpTATIUC customers who is
facing major for the transportation. As the pharmacy had been built , it would be easy for the
customers to buy the medicines. Not only that , as the the rate of students whos getting sick
by the haze is increasing day by day. In this case , the amount of customers would be
increase day by day.
Not only that, the rate of business will increase as the day goes by with the
unpredictable customers. Moreover , this business plan helps TATIUC to gain profit income
within a year.
MARKETING PLAN
As for our market size , approximately 44 thousand half of whom fall within our target
market. Mostly , students of TATIUC is being targeted as their hostels are near to pharmacy.
The percentages of employment by industry are as follows: 28 percent services, 25 percent
wholesale and retail, 16 percent manufacturing, 14 percent government, 6 percent
transportation and communication, 6 percent finance and insurance, and 5 percent
construction.
One of the weakness point in this business plan are , this pharmacy is located near
to TATIUC coop mart. Thus , gives high competition as the coop mart provides the
medicines in reasonable price where customers could get the medicines .
TATIUC customers , mainly students , lectures and staffs are the target market for
this pharmacy business plan.
Financial plan
Capital
A
Expenditure
RM
75,000
15,000
10,000
25,000
Renovation cost
20,000
Sub total
RM
145,000
Working
B
capital(2 months)
Marketing
2,000
Production/operation
8,000
Administrative
8,000
Sub total
Other
C Expenditure
Pre-operating
18,000
RM
Business registration
2,000
Insurance
400
Road tax
200
Sundries
100
2,700
Deposits
Utilities (Telephone/water/electricity)
1000
Sub total
1000
Grand total
166,700
Add:
D COntigency cost (10%)
12,500
137,500
COST
Annual
Accumulated
Book value
Depreciation
depreciation
(RM)
(RM)
(RM)
25,000
5,000
5,000
20,000
5,000
10,000
15,000
5,000
15,000
10,000
5,000
20,000
5,000
5,000
25,000
i)
Plan for the Source of Funds available to finance the project implementation cost.
Equity Contributions
RM
Cash
27,500
45,000
Sub total
B
72,500
External Sources
Hire purchase
20,000
Term loan
45,000
Sub total
C
RM
65,000
Others
137,500
Hire purchase
Interest payment:
Interest payment:
Year 1: RM20,000 x 8% =
RM4,500
Year 2: RM36,000 x 10% =
RM3,600
Year 3: RM27,000 x 10% =
RM2,700
Year 4: RM18,000 x 10% =
RM1,800
Year 5: RM9,000 x 10% = RM900
RM1,600
Year 2: RM20,000 x 8% =
RM1,600
Year 3: RM20,000 x 8% =
RM1,600
Year 4: RM20,000 x 8% =
RM1,600
Year 5: RM20,000 x 8% =
RM1,600
RM45,000
Loan period : 5 years
Year
Interest
Principal
Payment
Balance
(RM)
(RM)
(RM)
(RM)
45,000
4,500
9,000
13,500
36,000
3,600
9,000
12,600
27,000
2,700
9,000
11,700
18,000
1,800
9,000
10,800
9,000
900
9,000
9,900
Interest
Principal
Payment
Balance
(RM)
(RM)
(RM)
(RM)
20,000
2,000
4,000
5,600
16,000
2,000
4,000
5,600
12,000
2,000
4,000
5,600
8,000
2,000
4,000
5,600
4,000
2,000
4,000
5,600
ii) Plan and view the business cash situation through the preparation of the
ProformaCashflow.
(1) Cash inflows: equity contribution in cash, term loan, cash sales, collection of
receiveable& sales of assets
YEAR 1
YEAR 2
YEAR 3
Cash inflows:
Equity-cash
27,500
Term-loan
45,000
Cash sales
240,000
276,000
317,400
312,500
276,000
317,400
Cash Outflow:
Raw materials
36,000
37,800
39,690
Direct labour
36,000
37,800
39,690
Operation overheads
24,000
25,200
26,460
Sales commission
12,000
12,600
13,230
Entertainment allowance
6,000
6,000
6,000
60,000
63,000
66,150
12,000
12,600
13,230
Other administrative
24,000
25,200
26,460
Loan Repayment:
9,000
9,000
9,000
Principal
4,500
3,600
2,700
Operations Expenditure:
Marketing expenditure:
Administrative expenditure:
overheads
Interest
Hire purchase repayment:
5,000
Down payment
4,000
4,000
4,000
Principal
1,600
1,600
1,600
Capital expenditure:
23,000
7,000
4,000
Renovation
2,700
1,500
1,500
Pre-operational Expenditure
800
Interest
Deposits
D
271,600
239,900
249,710
Cash Surplus/(Deficit)
40,900
31,600
67,690
40,900
77,000
40,900
77,000
144,690
Calculation of COGM
RM
Opening stocks(1/)
36,000
36,000
3,000
RM
Direct materials
33,000
Direct labour
36,000
Prime cost
69,000
Manufacturing overheads
28,600
Work-in-process
Add: Work-in-process(1/1)
Less: Work-in-process(31/12)
0
0
97,600
RM
SALES
240,000
97,600
97,600
3,000
(31/12)
94,600
GROSS PROFIT
145,400
RM
SALES
RM
240,000
97,600
97,600
3,000
goods(31/12)
94,600
GROSS PROFIT
145,400
LESS:OPERATING EXPENSES
Administrative expenses
96,000
Marketing
18,000
Ineterst:
Term loan
4,500
Hire purchase
1,600
Depreciation charges
7,200
Miscellaneous
2,700
130,000
15,400
RM
RM
FIXED ASSETS
Land & building
45,000
18,400
5,600
Renovation
3,200
CURRENT ASSETS
Cash
40,900
3,000
3,000
46,900
OTHER ASSETS
Deposits
800
139,900
TOTAL ASSETS
EQUITY
Capital
72,500
Accumulated profit
15,400
CURRENT LIABILITIES
87,900
0
LONG-TERM LIABILITIES
Term loan
36,000
Hire purchased
16,000
52,000
139,900