In this article I will tell you about the Pharma Franchise Model and how it is different from other franchise models. Along with Pharma Franchise, I will drop you some basic knowledge about the entire franchise model. Franchise marketing meaning varies from industry to industry. A franchise is a model of distribution and represents the most common business structure that enables the franchisor to capture recurring business from their franchisees. The franchisees are then able to earn profits from the same set of rules, systems and standardized products sold by other franchises across the country. In today's world of marketing, franchising has emerged as a lucrative option for new ventures as it simplifies and streamline the process of starting a business. With so much advanced equipment, efficient manpower, trained professionals etc., many entrepreneurs find it financially rewarding to take up a franchise business. What is Franchising? Franchising is a business strategy that involv
First we will discuss about licenses and after that documents required for different types of generic own pharma businesses . In generic pharma, you have different types of pharma business like Generic pharma manufacturing company Generic Pharma marketing Company Generic Pharma Distribution and Wholesale Generic Pharma Pharmacy store and Chemist Shop Licenses required for Different generic pharma businesses: For Manufacturing: Manufacturing Drug License Wholesale Drug License Drug Testing Laboratory License GST number For Marketing: Wholesale Drug License GST Number For Distribution and Wholesale: Wholesale Drug License GST number (above 40 lakh annual turnover) For Pharmacy Store and Chemist Shop: Retail Drug License GST number (Above 40 lakh turnover annually) Documents Required for Generic Own Pharma: Documents for drug manufacturing license: Application for grant or renewal of licence to manufacture for sale or for distribution of drugs