Table of Content

Introduction. 3

Business Objective. 3

The vision of Business. 3

The mission of Business. 3

Services or Products. 4

Aim of Business. 4

Opportunity Statement 4

Critical Assumptions and Constraints. 4

Analysis of Options and Recommendation. 5

Project Requirements. 5

Budget Estimate. 5

Schedule Estimate. 5

Potential Risks. 5

Protection of Intellectual Property. 6

Scope of the business. 6

Conclusion. 7

References

Introduction of Virtual Medicine Business

The start of virtual medicine business is an effective and unique business. Through this, the individuals can share the prescription of Doctors to the business through a mobile application or business-specific website as well. The business virtual team will arrange the medicine and will deliver the desired medicine in a short period at the doorstep of patients. Through this, the quality of health services and an increase in a country. (Drossman, 2018)

To start this business, a license can obtain from leading public sector hospitals of a country which will contain the scope of medical facilities and details of biomedicines which the business can provide and supply to its customers in the entire society. Such services will provide against some delivery or commission charges and sufficient amount will be deposit to relevant hospitals to which license will provide to the business. (Jr, 2017).

Business Objective of Virtual Medicine Business

The need of biomedicines remains high but increase transportation charges and hectic daily routine raise hurdles for individuals to make aces towards required medicines. Therefore, this business idea can generate sufficient revenue. (Pandadoc.com, 2019)

Vision of Business

The ultimate vision of business will be "to provide effectively, improve and faster medication at the doorstep of society".

Mission of Business

To provide the best quality medicine on affordable prices to customers by delivering them to their homes.

Services or Products

We are providing online medication home delivery to customers. They just need to send their prescriptions image to us through our mobile application and the order of your medicine will be delivering to you timely.

Aim of Business

The need of biomedicines remains high but increase transportation charges and hectic daily routine raise hurdles for individuals to make aces towards required medicines. Therefore, this business idea can generate sufficient revenue. The online businesses are growing very smoothly in this way this idea is the best for conducting as this will be very beneficial for the people to get required medicines by just sitting at home and this makes the business groomed for employees as well because they are targeting home base people to sale their medicines. The delivery of medicines at home is the best option and this facility gives people ease of getting the required medicine by just sitting at home.

Opportunity Statement of Virtual Medicine Business

·         The current condition of online healthcare business?

·         Issues in solving problems of online healthcare services business?

·         Benefits after resolving these issues?

Critical Assumptions and Constraints of Virtual Medicine Business

·         Is this business will get a successful response?

·         Are online healthcare services help people more quickly?

Analysis of Options and Recommendation of Virtual Medicine Business

·         The results of the solutions to issues in online healthcare services

·         If work does not become successful what would be the quick alternative to save from loss

·         There may be similar results gathered by having some backup options

·         Innovations become successful in providing appropriate services successfully

Project Requirements of Virtual Medicine Business

Employees, technologies, Resources, Facilities, Staff, Strategies, Experts etc.

Budget Estimate of Virtual Medicine Business

·         Cost of website

·         Cost of medical equipment’s

·         Cost of home medical services

Schedule Estimate of Virtual Medicine Business

·         The time it takes to implement and start its functioning

·         How long it will take to become successful and what functions it provides

Potential Risks of Virtual Medicine Business

·         Competitors Reputation in the market

·         The impact of this business on current physical healthcare services

·         High cost may occur to implement it

·         People may want expensive services free of cost

·         Inefficient delivery of services

·         The high rate of slow and late services

·         Natural hazards may disturb the system

Protection of Intellectual Property of Virtual Medicine Business

Being working under License and permit of leading public sector hospital, the business has to initiate several steps to protect its intellectual property. For this, Safeguard with Strong Access Control can help the business up to a great extent. This enables to keep the entire details of the contract and intellectual property at the business server in its information system by limiting the scope of authority over server and aces of employees towards the information system as well. (Mohanta, 2018)

This thing seems to be odd that why I need to make my property secure but this is very important as well because once you start your business you have to take care that you are having every single required thing with you. Although you are providing delivery services for this you need to have property including bikes, vegans to carry medicines from warehouse to the store from which you will deliver your medicines to your clients. This will be a very good initiative for you and your business because this keeps your business working inflow and this makes your impression great as well towards your users and customers that you have quick service to deliver their orders.

Scope of the business of Virtual Medicine Business

The business becomes beneficial for those who want an online medication in case of emergency or any other issue you can have medications for you. We have both online facilities by considering the need for a current time along with best and quality medication providing to you at home. The scope of getting products at home with efficient delivery services from companies is trending nowadays as this is one of the best ideas for those people who have a hectic routine to follow and those who have the best way to get best things by sitting at home. The quality of medicines is the main thing that everyone is concerned about. The main thing is that quality in medicines depends upon its results after patients have it. The prices of medicine also matter a lot as if the prices were high then people won’t buy it. Having affordable prices and delivering at home is the most important point (Technolab, 2019).

Conclusion of Virtual Medicine Business

In the nutshell, we can say that virtual medicine business is an online medicine delivery business going to start soon and the main aim of this business is to give people an easy to be at home and get highly affordable best quality medicines from our stores within a short period and best quick services as a must.