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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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Q&A : Pharma Company - Which Molecule should we start

Question:
I want to start my own pharma company and I am not sure that with which medicine should I began my journey with.
I will be very grateful if you can help me to find a medicine with future potential and less market competition. I hope you will help me with this.

Answer:
I recommend you to start with a product that you can easily procure at small quantity whether it has high competition or less

Question:
Can you tell me some important steps while selecting one

Answer:
One criteria is to have experience in that product
Second , you can get it in small quantity as you have investment less and prevent money for other products

Question:
Sir I have one more question
With which type of people should I start my company with

Answer:
A business require different-different types of knowledge and experience. You should involve with persons having different experience from you.
Like if you have marketing experience then you need account knowledge person
Means you need person who fulfill experience criteria that you don't have

Question:
Is it better to start in local city or big ones like delhi or mumbai

Answer:
You won't find any issue even if you start from your city. Just try to keep your expenses at minimum
As it takes long time to succeed.

Question:
Is there any requirement of specialization in any topic like molecules or something else for success

Answer:
No, Most of time marketing and sales knowledge is enough to succeed.

Question:
Sir do you prefer any particular formula or molecule that might be better for startup

Answer:
I can't recommend as I don't know what type of knowledge and experience you have.
Always select molecule based upon your experience and above mentioned criteria.
As per my experience, success depend at you rather than any particular formula or molecule.
I always launch my product based upon whether it is easily procurable or not and it should be scalable also.
लेबल:

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