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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
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If Pharma degree not there, what is the alternative to open medical store?

 


Today we will discuss about a query. Query is that I am chemical engineer having 10-year experience in pharmaceutical sector. My doubt is that my shop is at first floor. Is it eligible for pharmacy (retail drug license) or not? and if I want to take retail drug license then pharmacist is compulsory or not. If I don't have pharmacy degree then what is alternative for that

If we talk about retail drug license then drug authority shouldn't have any objection for first floor. They will grant you license for retail store/pharmacy store at first floor but point is that whether there is gathering or public for purchasing at first floor or not.

Because generally most of chemist shops are present at ground floor in market or nearby of hospital which is essential for them to run successfully. You need to consider that how a patient or his/her care taker will reach at your pharmacy if there is no market place at first floor.

I think drug authority shouldn't have any issue for granting retail drug license at first floor.

Now come to your second question If pharmacy degree isn't there then what is alternative

There is one common practice in India that you can employee a pharmacist. You can use your employee pharmacist registration for your pharmacy retail drug license.

if I talk practically that there is rented license system is very common in India. A pharmacist is shown as an employee. His/her pharmacist registration is used for taking retail drug license

you can do as like but if you want to go more ethical then you can hire a pharmacist having registration under state pharmacy council and take retail drug license at his/her pharmacist registration and employee him/her full time at your pharmacy store.

Having a full-time pharmacist employee is best possible alternative

Hope this information is useful to you...
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