Simply put, the prescription retail drugstore is called a pharmacy. And the process of selling this drug is called pharmacy business. If a listing is made for a profitable business , this business will be in the first row. Starting with a small amount of capital and lower risk levels, pharmacy is the first choice for young people.
There are more than 100,000 pharmacy shops in our country. Whose market size is over Tk 1 billion. Demand for this business is increasing day by day. So start by choosing a good place to start your own pharmacy business before becoming too competitive.
There is no alternative to medicine to keep the body healthy and normal and prevent any disease. Medication is essential to cure illness and any disease. There are many types of medicine used in modern medical science.
Where to Start a Pharmacy Business
This business can be started easily by renting a small shop next to the hospital or diagnostic center. Moreover, this business can be started in a residential area where the crowd is high. Pharmacy shops can also be opened at the intersection of two or more streets.
Why start a pharmacy business?
First, this business is a service business. You can serve people and benefit yourself. Medium quality capital is enough to start this business. Currently, this business is regarded as a reputable business venue. This is why many entrepreneurs are interested in starting this business as a profession. Demand for this business is increasing over time. There is a large market for this business across the country. Moreover, if the pharmaceuticals are not sold, then almost all the companies will take the medicine back, so there is no risk in the business.
Potential Capital: To start this business, from 1 lakh to 5 lakh capital is invested. However, space and shop rentals can be less than expensive.
How to get started
Without a training and drug license , you will not be able to manage this business. However, this business can be started easily with the necessary training.
The shop should be well decorated next to the hospital or a shop of your choice. The shelves need to be adjusted to the store to accommodate the medicine. Then different kinds of medicines will have to be purchased from different companies at a wholesale price. Then, after seeing the doctor’s arrangements, customers will have to sell the medicine in retail. In order to start this business, you must collect the necessary documents from the appropriate authorities. This is the way to conduct this business.
Who are the customers of the pharmacy business?
People of all classes are basically consumers of this business. If you can start this business next to a hospital or diagnostic center then the sales are high.
Qualifications: To start this business you must have a training and drug license. Also, good use and integrity are essential.
Potential Income: Starting this business, you can earn an estimated Tk 20,000 to Tk 5,000 per month excluding all expenses. However, income can increase even further in space.
This article just gives some general ideas for Ma. Before starting a pharmacy business, it is necessary to act according to the proper plan. Good luck