3d printing forum for medical entrepreneurship

Every generation needs a revolution - an entrepreneurial revolution

TO     :   Dr. Dominic Velasco

              Ms. Kim Semon

 cc:     Mr. Owie Ferrer

           Dr.  Gloan Adolor  MBAH program director

We reset the 3d printing lecture for July 9, 2016, at 2 to 4 pm,  possibly at the amphitheater.  This is supposed to be a classroom activity, but many will benefit from this activity, 

Objectives:  

     1.  This is in line with the objective of Dr. Adolor to encourage research in MBAH.   3d printing has applications in optometry, cosmetic surgeon.  One of the frontiers after molecular science stem cells and regenerative medicine is bio printing

    2.  To recognize the use of 3d printing in rapid prototyping for lean start ups;

    3.  To appreciate role of 3d printing in creativity.

    4.  To level up entrepreneurship into technology and frontiers of science

The invitation of the speaker can be counted as group project.

What:   use of 3 d printing in entrepreneurship (rapid prototyping ) and medical profession

Who:    audience     :   other MBAH students, other entrep students, of Dr. Del Carmen and Dr. George Fong,  friends and other colleague.

Speakers:

      1.   Mr. Cedric Ng.  CEO and President of Omnifab

           He will speak on:

          3d printing  history and its presence in Phil

         3d printing application in medicine and medical technoloyg

         Metal 3 d printer which has application in:

              1.  rapid prototyping

              2.  aerospace

              3.  medical

              4.  dental

              5.  defense

         

      2.  Dr. Rene Catan, MBAH graduate orthopedic surgeon and CEO of Ortho Logic.  He has several patents on implants and prosthesis.  He took up Entrep as an elective under this professor

     3.  President of  Philippine Dental Association.  He has been using 3d printing on dental application:   bridges, braces implants and the like

    4.  Co director of MMC Regenerative Medicine (boss of Scientist Kim)

     We have not been able to get Dr. Rafael Bundoc spine surgeon who is one of the pioneers in use of 3d printing in surgery.

It is good to be your own boss

Every generation needs a revolution - an entrepreneurial revolution

Ateneo Professional  Schools
Makati City

I came across two students who are now entrepreneurs. One used to be a supervisor at a call center and was even assigned abroad. She earned in the high 5 figures.   Now she stopped the graveyard shift, she being sick and her mother too all alone in the house.   She is now into catering business, events.

One used to be COO of fastfood. He left the business all ready and is now looking how it works out to be your own boss.  He is into few real estate projects, consultancy and distribution business.

I am happy to note that they were former students at Entrepreneurship

The real opportunity in memorial business

Every generation needs a revolution -an entrepreneurial revolution

Ateneo Professional Schools
Makati City Philipppines
June 19, 2016

Happy Rizal Day?  It is the birthday of our National Hero Dr. Jose Rizal

Happy Fathers Day.

Where is the real opportunity in memorial business?  (Opportunity - where large margins are and where is volume)

For a time many thought it is in memorial park.  So a lot went into memorial park development  - contractors, entrepreneurs real estate developers thinking there is gold pot in a memorial park, to be only disappointed.

Why is this so?  While the margins in memorial park plots could be huge, as much as 70 to 80%, sales is slow because the memorial park plots cater to only 9 to 10% of population.   So if you live in a town of 100,000/5, you talk of 20,000 households.  and 10% would be only 2,000.  And if you have an inventory of 20,000 plots, you could hardly sell to the locality because of competition having sold to them, or you having sold to them all ready.  It would take forever to sell the remaining inventories. Unless you have active sales force and or very unique product or service it is a waiting and seeing game or possibly a bankrupt memorial park.  The bulk of the market, the remaining 20,000 prospects would go to the municipal or Catholic Cemetery where burial costs would be about P5,000 to P20,000 for a 5 year lease vs about P100,000 in a memorial park (plot plus interment cost) and you add the cost of memorial service and casket, that is additional P30,000 to P50,000 minium.

The real consistent money would be made in funeral and or memorial service because that is the first thing that the bereaved would look for.  You need casket and service. You have the option of burial at the memorial park or body crypts at public or catholic cemetery which is cheaper.

Memorial service depending on the price would have a margin of between 50 to 90%

So you think that is where the money is to be made?

No it is in the memorial plans The pre need memorial service.?

But then we thought the plans are closing and failing.  Oh yes for the education and  pension and othe plans.  The rise in cost of education and low investment opportunities have left big holes in the liquidity and solvency of the educ and pension plans

But the memorial plans   Let us try to examine the costs and revenue stream  (We are on the final stages of buying one now)

Every business strategist/owner should be entrepreneurial, ie spot the opportunity

Every generation needs a revolution - entrepreneurial revolution

Ateneo Professional School
Makati City
June 18, 2016

In the strama defense, there is a portion there that uses Porter;s five forces of competition.   If the competition is high for all the 4 sectors, that means to say, there is an opportunity in the industry where the enterprise is to make money.  If the competition is high, the more money is to be made. If there is more money and there is growth, there is a possibility for the enterprise to grow its sales, cash flow, and profit.

Thus the student for strama must have a keen eye on the opportunity and must balance the risk aversion vs the benefit the money to be made.

Thus:

1.  In the yarn factory that shifts to cotton toll manufacturing.  It makes a cotton bud each for 4 cents, which the the brand owner sells for 20 cents.  The l6 cents is the opportunity window. The brand owner makes a lot more money that the producer.  It is worth looking into the business of making and selling cotton buds.

Opportunities in Smartphone Remanufacturing

We need entrepreneurial revolution

Ateneo Professional School
Makati City
June 18, 2016

Last June 14 2016, a senior manager of a smartphone remanufacturing plant in Laguna presented his company (he was one of the prime movers of the company) for his strama defense.  It was a passionate moment for him, because he was one of the fathers of the company.  Their company is just one of the cellphone remanufacturing  plant in the world. What is remarkable, is that this an entirely new thing and the founders and most of them finished their MBA all ready were orchestrated by a man to put together such a facility.  They encouraged the CP repairers in Cubao, Greenhills, Quiapo, to get together move to Laguna and do this is a group in big, organized and corporate way.  They make big money by making as much as $20 to $30 per cell phone. and they do hundreds of thousands of that yearly.

This is very entrepreneurial.  In the process they created 2,400 jobs (from mere 500  5 years ago

For the plant, their big opportunity is how to turn the damaged CP  in 7 days or less, save costs on the parts and labor, being more efficient and lean.

But the big opportunity is on the mother company which is the phone reinsurer.  They have 120 milli9on subscribers paying $9.99 monthly or for a whopping total revenue of $14.4 billion.  These are included in their phone bill.  The claims amount to only 0.5% of the total.  And these means gravy of about 99.5% for the insurer.  Wow

The mother company needs the remanufacturing plant to save costs, and so that there more value added for the margin, price differential

Forget that college degree, start a business now

From Entrepreneur

June 8, 2016

Forget that degree, start your business now.   The article says that many students are indebted to Sallie Mae after getting a degree that does not add value to the present job of the graduate.  What are the signs that the system is broken:  on line courses, boot camps, seminars, etc.

If you start now, you get a number of experiences that compounds -  networks, connection and experience that builds up to make you a better person and businessman.

Start now, Start being in business. Start while single without a family and other obligations

Infographics on Entrepreneurs in USA - True Power of Small Business in USA

Infographic from Entrepreneur.com