Professional Documents
Culture Documents
1. Executive summary
2. Product or service
3. Management team
4. Market and competition
5. Marketing and sales
6. Business system and organisation
7. Implementation schedule
8. Opportunities and risks
9. Financial planning and financing
Business concept
3 What is your business idea? In what way does it fulfil the criterion of
uniqueness?
The business idea is to establish smart health card system to every health care
service provider and set a standard where anybody with a smart card can walk
to any hospital/ clinics/ pharmacist where the information of patients can be
read write and updated.
Participants carry the card with them at all times, giving medical
personnel immediate access to their concise medical history, current
medications, allergies, the names and telephone numbers of family or friends,
and other information necessary for medical treatment decisions.
The patients can avoid delay in admission, giving same answer again and
again, doing same tests again. Doctors can easily know the medical history of the
patient, the diagnostic reports etc.
4 Who are your target customers?
The idea is to create an common standard where all the participants in Health
Care can share the information so starting from patients the target customers
include hospitals, diagnostic centres, Clinics, Pharmacy, Dental Clinic etc.
5 What is the value for those customers?
The patients will have just one card to carry which will have medical history.
The doctor can have quick look of patients past check ups, the medication, the
diagnostic tests and he will be in better position to proceed of further treatment.
The pharmacy with a look at data on smart card can give medicines. The
pathology lab can have data of tests sold to which patients.
6 What market volume and growth rates do you forecast?
We are targeting single city at a time. If we start from Delhi there are more than
1000 health care centres, 5000 pharmacy, 1000 pathology labs and 1000000
patients who need to go for health cards. Combining all the total market
potential is of Rs 100 crore. Since the market is mostly untapped 50-100%
growth rate can be expected in coming three years after that 20% of growth rate
can be seen.
7 What competitive environment do you face?
There is hundreds of smart card providers are in the market. Most of these
players are into hundred other businesses like software development, smart
cards for driving license, national id, campus, hotel, reader and they are
interested in bigger projects. There are number of suppliers who will push down
the price of smart cards and readers. There are people are in the related domain
who are trying to jump in this field but there is hardly any player who is focused
in Health Card only.
8 What additional stages of development are needed?
The team building
Business Plan
Getting Customer
Fund Raising
Product Development
9 How much investment is necessary (high level estimation)?
Till Incubation the need of incubation which will take 6 months the requirement
of fund is Rs 10 lac. Once we serve a few customers then we will need Rs 50-100
lac for full fledge set up and scale up.
10 What long term goals have you set?
To be the sole Health Card provider in the country
We want to start from a single city and slowly we want to penetrate other metro
cities and two tier cities. For significantly big hospitals we will go for turnkey
projects. We will develop one stop portal for health care in India.
Sunil Kumar: He has done his MBA from Pune University then worked for a
biotech start up for two years. In his last company he was responsible for
interacting with senior oncologists across the country. He has visited more than
100 big hospitals in different cities of the country.
Viral: He an engineer from IIT. He has done his engineering in Electronics and
worked for a start up for a year. He is very much comfortable in dealing with
hardware.
Apart from these core team members we have support of people from different
companies who are expert in smart card business. There are technocrats who have
done good research work on smart card, we have their support too.
33 How critical is the idea originator to the future success of the venture?
The idea has come out collectively from the team. Since the health care market is
almost untapped the first mover advantages will be there and the more people
use our services the more strong our business will be. Later with the help of
current set up we can move to the other related services like providing single
stop service for all kinds of health care queries.
34 How are the management responsibilities shared among the team? (e.g., a
table of team members with their position and key activities/responsibilities)
There are three main part of business at this moment and these responsibilities
will be distributed as follows—
Sales & Marketing, Purchase, Operation and PR: - All these activities will be
handled by Sunil Kumar.
Software development, testing, documentation and installation: - These activities
will be handled by Gaurav.
Hardware, Integration and full service installation: - These activities will be
performed by Viral
35 What is the plan to reinforce management team in the future? (e.g., schedule
of future management hiring and skills required)
Initially all the activities will be handled by core team only. At the end of first
year we will hire 3 people in operation, 2 in software, 2 in hardware and 2 in
marketing. By the end of second year we will go for expansion and will have
branches in other cities.
The above mentioned players are not only in smart cards but into manufacturing of
readers, smart cards, system integration, etc.
39 What are the strengths and weaknesses of competitors? What are your
competitive positioning vis-à-vis competitors? (i.e., a table of competitors and
their ratings across key criteria – e.g., time to launch, technological
capability, access to proprietary technology, privileged relationship with
suppliers and customers)
Most are the competitors who are in the market are well established player in
the market in the related businesses. They have good relationships with the
existing suppliers but they are not concentrated in Smart Card business only,
especially Health Smart Card is hardly a good idea for them. They chase the big
projects only. We will have solution for small players at very small cost. We will
have a readymade software which will be installed at free of cost. We will make
money in readers and smart cards. Simultaneously we will focus big hospitals for
their turnkey project. So far not a single player who is in Health Card provide
these information on net, we will differentiate there and will provide full
information on net which will be accessible by log in. This is the right time to
enter into Health Care Smart Card where one side standard of living is
increasing on the other hand people are becoming more aware of the health.
46 What is the scope of the business? (i.e. what will be performed internally
and what will be outsourced?)
Smart Card business has a good scope in telecom, national id, transit, health care
and retail. But we will be concentration on Health Care only. We will move ahead in
health care by offering online database of medical history of patients. We will
provide dedicated website on Health Care which will be one stop for all kinds of
query. For own use we will provide online medical software. For private players we
will be a good place to advertise their products. On the basis different search we will
suggest user’s products and services different products will flash on the screen and
if a user buy something online then we will be paid for that.
47 Have strategic partnerships been identified? If yes, how will these partners
be secured? If no, what is the plan to get partners?
We need strategic partners in Hardware and in Marketing. We need to have tie up
with big hospitals which will help in brand building.
48 Have key vendors been identified? If yes, how will these vendors be secured?
If no, what is the plan to get vendors?
Hardware-For readers and cards. We are talking to the local manufacturers for
the reader and cards. It is observed that there are a number of vendors in this
field and there are good chances of bargaining.
Rs in Lac