Business Plan Pharmacy

Business Plan Pharmacy-78
So for this business not to be part of such statistics it is advice that a comprehensive business plan is written and calculated step taken to ensure the smooth running of this business.Make sure you are totally ready for the business and that includes the successes, pitfalls or sudden negative turns that were not anticipated.To order for our sample pharmacy business plan in Nigeria, pay N10,000 to: Only a Pharmacist can own a Pharmacy in Nigeria so it is advised that if you intent going into the pharmacy business you must have read pharmacy to at least a B. Every and any business that must stand the test of time and stand out must surely have a unique name, logo, slogan, etc. They will determine where you want to situate your business but I recommend close to a hospital or clinic which in most cases don’t have all the drugs they prescribe to individuals or a public place.

So for this business not to be part of such statistics it is advice that a comprehensive business plan is written and calculated step taken to ensure the smooth running of this business.Make sure you are totally ready for the business and that includes the successes, pitfalls or sudden negative turns that were not anticipated.

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Set security measure to cub the general kind of loss that plagues other businesses of pharmacies. A lot of people want to start making profit overnight in business but a wise business person knows that it take a little more time than you think to start making the big bucks.

Don’t go straight away and start spending your gain in the business, if you do that I guarantee the business will not last a few years or maybe months.

The few hospitals that are available even have fewer drugs to dispense to those that come in for treatment there by making the sale of drugs one of the most patronized market in the country and In thinking about starting out a pharmacy in Nigeria there are a few things that must be considered to ensure a successful and hitch free business.

This is different from a business plan this is a way studying the drug market and knowing all that there need to be about the regulatory bodies and the kind of drugs that are allowed in the market, where to purchase them, who they can sold to, why and when.

NAFDAC approved drugs should be considered alone to avoid any unwanted attention.

After the start of your business you must do some form or publicity and advert.Go all out to ensure that you put yourself out there and make the public aware that you can give them the best when it comes to goods and services.There is also need for security of your stocks and cash.Drugs have to do with the lives of people and so it is advised that you do an in-depth study of these field especially if you are not a qualified pharmacist and are willing to go in to such a business.Most businesses packs up within the first five years of their inception and this is mostly because of the factor of lack of adequate planning and preparation.These can be secured by getting your business registered with the appropriate body (CAC) without this been done you can be assured of been put out of business within a short time. Employment of qualified and competent staff is also important.You could do this yourself by going to any branch of the Corporate Affairs Commission or contact your lawyer to get your business registered and also register with PCN (pharmaceutical council of Nigeria). Make sure these people have the required certifications to be employed there. Just get the hands that are needed for the effective running of this venture especially at the initial stage where it is necessary to plug any leak where excess cash will be going out.Pharmacy Business Plan in Nigeria – Besides food, clothing and shelter one other basic necessity of our days is now health.Knowing that without good health one cannot enjoy the best of those basic necessities of life.Once you have established that you sell quality drugs it will be easier to get other smaller pharmacies patronizing your wholesale business. Also contact your manufacturer for the requirements to become a distributor, get licensed and you are in business.This is a system that most pharmacist have not yet adopted in this part of the world, where people can call in for a particular drug or service, make enquiries and place orders if not available.

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