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What is Pharma Franchise Model? A blog about how franchising works in pharma.

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

What should I choose after B pharmacy? Should I open own business or continue with the job?

What we should do after B. Pharmacy or our pharmacy education? Job or business! 

That is one of the most asked question by students passing their degree.

My suggestion is that you should start with job whether you are capable for starting business or not just after your degree. Because pharmaceutical market is vast ocean and there are lot of things to learn.

What we have learn during our education is just basic concepts. These are helpful only to understand technical terminology when we enter into pharmaceutical industry. Other than understanding basic terminology, there is no use of that education in pharmaceutical business world.

Look around yourself, how many persons you meet that are from pharmaceutical background and they are in pharma business. Very few persons will be there. Most of persons whether they are distributors, manufacturing company’s owners, marketers or retailers, from the non-pharma background. So, for starting a pharma business, your pharma degree is not enough.

For starting and in other sense, running a successful pharma business, you require to have practical knowledge of pharmaceutical sector and that can come from experience in pharmaceutical industry. And for gaining experience, job is one of the most relevant option. One of the most interesting fact about job is that you even get paid for learning at initial level.

Some persons argue we will learn things from only doing so we should start business and then we will learn with time. There are some basic fundamentals of business that require time to learn. Lest there should be more loss in this learning process. So be careful.

It’s good to learn from process but not at cost of your career and business. So, its good to learn and doing good work during job could be foundation of a new entrepreneurship.

Hope this information is helpful to you…

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