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How to grow your Pharma Business?

  Growing a pharma business requires a strategic approach considering the specific context of your company and the pharmaceutical industry as a whole. Here are some general pointers to get you started: Market and Customer: Identify your target customer: Deeply understand the specific needs and challenges of your target audience, whether it's doctors, patients, hospitals, or other healthcare providers. This helps tailor your products, services, and marketing efforts. Focus on unmet needs: Look for gaps in the market where existing solutions are inadequate or unavailable. Addressing unmet needs can give you a competitive edge and drive innovation. Track market trends: Stay updated on regulatory changes, technological advancements, and emerging diseases to adapt your approach and anticipate future opportunities. Products and Services: Invest in R&D: Develop innovative products or differentiate existing ones through unique formulations, delivery methods, or combinations. Remember ...
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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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