How much investment needed to start a Pharmaceutical company?
Investment is of three types generally: Fixed Capital Investment (One Time investment) Working Capital Investment (Investment to run a company) Inventory Investment (Stock, Raw Material, packaging material etc.)
Read MoreHow to Calculate Net Rates in Pharma?
Net rates in the pharmaceutical industry refer to the prices at which drugs or medications are sold by seller to purchaser, excluding/including any taxes, rebates, or discounts. These rates are also referred to as net prices or net invoice prices. Calculating net rates in a pharma franchise involves several factors, including the cost of goods, […]
Read MoreWhat is Stock Register? How to Maintain Stock Register?
Stock Register may be define as live document/file/software record which is used for maintaining company's stock.
Read MoreUnderstanding Customer acquisition cost?
What is Customer Acquisition Cost? Customer acquisition cost is the cost spend to acquire a customer or get an order from a new customer. How to calculate Customer Acquisition Cost? In simple way, Customer Acquisition Cost (CAC) is calculated basically by dividing total marketing cost by number of customers/orders you get. Formula will be CAC […]
Read MoreWhat are the different types of pharmaceutical marketing?
Pharmaceutical marketing can be done through following ways Branded pharmaceutical marketing Generic pharmaceutical marketing Franchise/Pcd pharmaceutical marketing OTC pharmaceutical marketing Institutional pharmaceutical marketing (Tenders, Hospitals, pharmacy chain etc) Online pharmacy marketing Branded pharmaceutical marketing: Pharmaceutical companies marketing approach centered around Doctors and Hospitals. Pharmaceutical companies market their products through medical representatives, providing samples and sponsoring […]
Read MoreResearching about the pharma supply chain in India
I am a pharma graduate. I am currently researching about the pharma supply chain in India. I also read your article in a pharmaceutical blog. I just have a few questions on the overall supply chain. Kindly spare some of your time to answer some of my questions. it will be very useful… Question 1): I […]
Read MoreFive mistakes you doing in your pharma franchise business.
Is your franchise business growing? If you started this business recently, then probably you are facing some problems. It’s quite normal to face such issues in the initial phase. Now you must be thinking that it is not possible to overcome those issues by reading a blog or some paid guides. But I’m here to […]
Read MoreEmerging Ayurvedic Cosmetic Brand of 2021 | Ayurvedic Cosmetic Brand to watch in 2022 !!!
Ready for next revolution for skin care industry. This ayurvedic beauty brand will give your skin a ayurvedic care. Cosmetic Industry thrives on innovation and perseverance, this Ayurvedic personal care and cosmetic brand are driving today’s billion-dollar beauty business. Nenel Nenel is an emerging ayurvedic cosmetic brand that creating disruption in cosmetic industry. Nenel has […]
Read More
How to Start API reseller business
Query: Can you help share complete details on API (Active Pharma Ingredients) reseller business? Is it good to enter into it now? What is the capital required? What are the steps involved? etc. Response: For Starting API reseller business, you need to take a wholesale drug license and GST number. For taking wholesale drug license see: Complete […]
Read MoreImportance of inventory management in Business
Inventory is one the least important aspect for most of the businesses. But in general, it is one of the most important aspect for a running business if businesses want to scale their business at large scale. For business start-ups, inventory management may not be an issue because they are starting up, they don’t know […]
Read More