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A COMPREHENSIVE STUDY ON ESTABLISHING A NEW PHARMACEUTICAL STORE
Authors
Dr. K. Atchuta Kumar,R. Renuka,Ch. V.Neelima Bhavani,M. Suma,G.Greeshma
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Keywords
Prescription, startup costs, framework, licenses, foot traffic, investment, marketing strategy, electronic health records, POS, e-prescribing, collaborations
Abstract
Prior to starting any kind of endeavor, it is vital to comprehend the target market, area competitors, and market demand. Examine the medical needs, population, and demographics of the community in the area you plan to survey in considerable information. This might help you assess if there might be a demand for your products and services. Formulate a robust business plan. The business strategy for your a new generics and pharmaceutical store acts as an outline to follow. It contains a synopsis of your goals, financial strategy, marketing strategies, and operational details. Plan how you will introduce your business and obtain the necessary permits and licenses. Estimate the starting costs and your target market. Next, seek funding from investors, banks, or private companies. Pick an area with a great deal of visibility and foot traffic. Employ qualified personnel. A new generics and pharmaceutical store partnership is required to make a significant profit. Promote your pharmaceutical store. Create a website that allows users to refill prescriptions online. The health care sector is always changing, so it's important to stay ahead of the curve by continuing to innovate and adapt. Stay up to date on the latest advancements, market trends, and medical technology. Provide extra services to set your a new generics and pharmaceutical store apart from competitors. This paper includes the fundamental concepts for opening a a new generics and pharmaceutical store as well as the newest advancements and technologies in the emerging fields of a new generics and pharmaceutical store. You should be knowledgeable in the several kinds of pharmacies you could visit before launching one. For instance, you can decide to go with a franchise where you can receive all the cash for supplies and equipment, choose partners to invest in your a new generics and pharmaceutical store, or go with one of the other a new generics and pharmaceutical store prototypes that are covered in this paper. More suggestions and up-to-date methods for opening a a new generics and pharmaceutical store are available.
IJCRT's Publication Details
Unique Identification Number - IJCRT2503581
Paper ID - 279245
Author type - Indian Author
Page Number(s) - f60-f73
Pubished in - Volume 13 | Issue 3 | March 2025
DOI (Digital Object Identifier) -
No Of Downloads - 100
Author Country - India, 530041, Visakhapatnam, Visakhapatnam, 530041, Pharmacy All
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Dr. K. Atchuta Kumar,R. Renuka,Ch. V.Neelima Bhavani,M. Suma,G.Greeshma, "A COMPREHENSIVE STUDY ON ESTABLISHING A NEW PHARMACEUTICAL STORE", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 3, pp.f60-f73, March 2025, Available at :http://www.ijcrt.org/papers/IJCRT2503581.pdf
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The International Journal of Creative Research Thoughts (IJCRT) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies.
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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