Name : Surabhi Taneja
Student Id: 18596370
Course : Master of Business in Information Management and Systems
Term : Semester 1 , 2018
Supervisor: Troy Lynch
Statement of Authorship:
I, hereby, declare that all work contained in this assignment is original work of mine, except where references have been made.
Sincerely,
Surabhi Taneja
I would like to start my new business in the Pharmaceutical Industry which will manufacture and distribute Dietary Supplements. The name of my business would be “OrigoHealthplus”. As the name describes it, my business is based on Organic Health Supplements manufacturing.
My business structure would be “Partnership”…show more content… These supplements are substances that one can eat or drink and are made from natural source. It includes vitamins, minerals, herbs and plant product. The environment that we are living in today is profoundly different from that of our ancestors. People are more under stress which depletes many nutrients like calcium, vitamin, magnesium, zinc etc. which further reduces digestive strength. People have adapted to unhealthy lifestyle like drinking alcohol, smoking heavily, staying in a polluted city etc, which can strip the body of nutrients. As people do not get the right amount of nutrients, hence, they can use dietary supplements to improve their body condition and lead a healthy…show more content… I can also approach Dietary and Nutritional Industry Associations for loans. I will then look for an industrial unit in the outskirts of the city and also look for a retail space in the city of Melbourne. To open my business, I would require permits and license. I will contact my city or county’s business office to apply for a business license. To accept credit and debit card payments, I will apply for a merchant account with my local bank or a merchant account company. I will also focus on the business strategies like advertising my products, giving free samples, making articles on health, speaking about Nutrition and taking part in health and wellness shows so that I can provide solutions to the problems of the market. I will be in global market targeting different countries, since the product would also be sold
