INTRODUCTION:-
-IN today world pharmacy shop is a worldwide profitable business and create huge profit for business owner and many countries have very
Good healthcare facility and better infra-structure . In India you need a D-pharma degree for opening the pharmacy shop , And a huge competition were there in market people are willing do enter in the business and and creating the business .
Many Pharmaceutical company like :-
EXAMPLE
Cipla , Apollo ,many more in the market they create many job Opportunities for People so they can earn .In 1970-80 India is the country who is suffering from polio and Indian Government take initiative to reduce the number of cases ,And now India is the leading country that gives Polio.
vaccine to all over world and 0% polio .India have a great resource materials that help to make medicine and global dominator in making medicine . And has it own important and in today time medical business expands multiple variation like taking samples at home , giving
Healthcare facility at home , many more facility like daycare facility and attendant facility etc.
Many companies are now open who provide attender many more basic facility to every one creating a large scale buisness in all over india and world . In pharmacy you need to make a record of every single medicine in the shop you have to know about the medicine to give a write
medicine to every one their are 200 salt present in world and that makes 200000 medicine by changing there salt and components , medicine play a important role in country development and increase there GDP. .
Pharmacy contribute many things in society and create utility in availability in market and increasing competition make more easier for to availability
medicine. There are many medicine like narcotic and homeopathy medicine people also go for ayurveda and clinic treatment for better health.
In Hospital many Pharmacy colobrate with Hospital and doing a great business in market.
Basic feature for opening the shop:-
#1-DRUG LICENCE
You need a drug license to open a shop that require your D-PHARMA degree and qualification.
#2-Buisness registration
You also need to register your business with all Government formality.
#3-Qualified pharmacist
You need a experience for operating the business.
#4-Premises
You need a location that nearby to the Hospital and Clinic and accessible to all.
#5-Other license
.Fire safety
.Certificate of environmental
*PROFITS AND MARGINS
Profits are depend on the type of Medicine , An medicine like Generic and Branded.
IN retail the business margins are:-
1-Branded medicine-8-12%
2-Generic medicine-15-25%
IN Wholesale business the margins are :-
1-Branded medicine – 8-12%
2- Generic medicine – 10-20%
Medical business come with good profits and high mantinance.
