What Are The Risk Factors to Start Pharma Franchise Business? - Progressive Lifecare (1)

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WHAT ARE THE RISK FACTORS TO START PHARMA
FRANCHISE BUSINESS?
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LIST OF RISK FACTORS TO START PHARMA FRANCHISE
BUSINESS
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• Every business has risks and pharma franchise
  business is also not an exception to it. You can
  be successful if these risk factors are mitigated
  up to the maximum extent.
• Want to know the risk factors? The blog discusses
  some of them.

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LIST OF RISK FACTORS TO START PHARMA FRANCHISE
BUSINESS

• 1. NOT CHOOSING THE RIGHT PHARMA COMPANY

• It is the most significant risk factor. If you
  pick a pharma company that does not stand high,
  then you may not achieve the targets you set for
  yourself.
• Why does it happen?
• If you dont research thoroughly, then you may
  land you in a company that is either not doing
  good in the sector or a fraudulent company.

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• Of course, you cant expect profits in both
  situations.
• Sometimes, you choose a legitimate company, but
  the products it manufactures are not widespread.
  Either the company lacks in infrastructure or
  technical expertise.
• In this case, you will have limited products to
  offer. Hence, the prospects of growth are also
  limited.

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2. YOU HAVE COMPATIBILITY ISSUES

• The pharma sector is a complex one. It is not
  that easy and straightforward as it looks. Yes,
  there are many positive factors, there is no
  doubt about it.
• However, before launching the business, you
  should be convinced about your capabilities.
  Also, you should get yourself acquainted with the
  product range, drug segment and the marketing
  capabilities of your team.
• If you are convinced about everything, then only
  you should proceed.
• Remember, you must consider everything before you
  press the throttle. It will not be possible to
  correct it once you begin.
• It will be quite demotivating.

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3. MARKET CONDITIONS

• It is a common mistake. Entrepreneurs are quite
  excited about launching the franchise business.
  Hence, they underestimate the market conditions
  and overestimate their capabilities.
• The pharma franchise business is not about just
  selling the drugs. It is equally critical to
  understand customer needs.
• Failing to make the right balance there is a
  high probability of facing hardships when the
  market conditions change.

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4.IGNORING THE FINANCIAL ASPECTS

• As the pharma franchise owner, you should be keen
  about the flow of money. It may be risky if
  one doesnt keep track of it.
• It is a business which expects constant cash flow
  and not just one-time capital investment.
• Pharma products have a finite shelf life.
  Overstocking is not good for the business as the
  unused and unsold stock becomes a liability.
• Choose a good company and keep the things
  mentioned in the blog under control.

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If you are looking for PCD Pharma Franchise
Companies then Progressive Life Care is one of
the Top 10 PCD Pharma Companies In India. Which
offer a Pharmaceutical franchise with extra
ordinary marketing support. Also Read How to
Start Pharma Franchise Company in India? How to
start a successful Business in Pharmaceutical
Sector?
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Contact US
Website
http//www.progressivelifecare.com/
Phone No (91) 982 444 3968 Email ID
progressivelifecare_at_gmail.com
Address AMBIT HOUSE, Opp.Kumar Spintex factory,
Tajpur Road, Changoder, Ahmedabad- Gujarat.
382213 India