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
Check out: Sixteen Easy Steps to Set-up New Business
Step 2: Business Plan
Step 1: Market Research
Step 2: Business Plan
Step 3: Arrange Finance for Business
Step 4: Finding a premises for Business
Step 5: Name your business
Step 6: Trademark Registration
Step 7: Registrations and Licenses
Step 8 : Product Selection for Business/Start-up
Step 9: Name a Product and Service
Step 10: Recruit Staff/Employee
Step 11: Execute your business strategy Effectively
Step 12: Promotion and Marketing of Business
Step 13: Supply Chain: Set-up a Distribution Channel
Step 14: Recruit Sales Staff
Step 15: Start taking Orders
Step 16 : Closing the sale (Supply Goods/services and collect payment)
Step 4: Finding a premises for Business
Step 5: Name your business
Step 6: Trademark Registration
Step 7: Registrations and Licenses
Step 8 : Product Selection for Business/Start-up
Step 9: Name a Product and Service
Step 10: Recruit Staff/Employee
Step 11: Execute your business strategy Effectively
Step 12: Promotion and Marketing of Business
Step 13: Supply Chain: Set-up a Distribution Channel
Step 14: Recruit Sales Staff
Step 15: Start taking Orders
Step 16 : Closing the sale (Supply Goods/services and collect payment)
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