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There is market research to do, financial arrangements to make, licenses to get, staff to hire, and much more.
The pharmaceutical business is basically for developing, producing, and marketing drugs.
One important thing about this industry is that it is highly regulated.
They will mainly be concerned with the selling of drugs for our customers.
We will make sure all our drugs pass the required test and make sure when quality is also tested it will come out controlled.
In pursuit of achieving our goals, we have been able to lease a facility for three years with the option of buying the facility when it is put up for sales.
We have decided to launch out the business with one outlet but over time, we will be opening other outlets in key locations.
Target Market The pharmacy business is a business that meets the needs of everyone at some points in time but the fact that our business will be opened to many types of people does not stop us from having a category for our target market and they are: FINANCIAL PLAN The business can only be established with a startup fund of 0,000, out of which we have gotten 80% and the remaining 20% will be gotten form bank as loan.
COMPETITIVE ADVANTAGE In regards to the high level of competition in the pharmacy industry, we have decided to do the following major things that will serve as competitive advantage for us and they are: CONCLUSION This is business plan sample for a pharmacy business which can be used as a guide in writing a specialty pharmacy business plan.
EXECUTIVE SUMMARY Pharmacy business is a well thriving and lucrative business, though it needs lot of strategic planning and business coaching.
Being in the pharmaceutical industry is a very good thing because there are great returns on investment.