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What are the risk factors to start pharma franchise business?

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If you have finally made up your mind about starting up a Pharma Franchise venture then be-aware because along with the positive side. Here you know the list of risk factors to start a pharma franchise business. Read More... Visit Website;- – PowerPoint PPT presentation

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Title: What are the risk factors to start pharma franchise business?


1
What Are The Risk Factors To Start Pharma
Franchise Business?
  • Guided By RX BIOTECH

2
The Risk Factors To Start Pharma Franchise
Business
3
  • Before diving deep into the risk factors
    associated with the Pharma Franchise business,
    lets understand what does it mean?
  • What is a Pharma Franchise business, and how is
    it different from other models?
  • As far as the Indian market is concerned, it is a
    business where a pharmaceutical company hires a
    partner and gives an opportunity to market the
    products in the territory.

4
  • The business model extends the reach of
    the pharma company and takes the business graph
    to new areas.
  • To the franchise partner, this business model
    opens a chance to take the benefit of the
    flourishing healthcare market in India. And that
    also without the need for investing big money.
  • The reason behind its popularity is that the
    business model brings a win-win situation for
    both parties.

5
The business has the least risk
  • The franchise model is a business that is
    conducted with a proper franchise agreement.
    Hence, it has the minimum risk.
  • The terms and conditions in the agreement are
    easy and flexible. Each company has different
    terms and conditions.
  • Every enthusiastic entrepreneur who wishes to
    avail the advantage of the high potential of the
    pharma franchise model must not miss the bus.
  • Though we say that it is a risk-free business
    model, it is not actually.
  • There are a few risk factors that one must not
    forget.

6
A few risk factors associated with the business
  • 1. Risk of choosing incorrect items
  • The most important aspect of this business model
    is the selection of products. It could be a make
    or break factor.
  • If you prefer a product that is not easily
    available in the local market, then you have to
    look at the demand for it.
  • A product which is high in demand but low in
    availability would be a perfect choice. In-depth
    market research is required before proceeding.

7
  • 2. Risk of choosing an incorrect company
  • You may engage in a business relationship with a
    pharma company that is not appropriate.
  • It doesnt have a well-defined organization
    structure or business processes. Also, it doesnt
    have a thorough market strategy.
  • The best way is to partner with an ISO certified
    company. Thus, you are in the safe zone.

8
  • 3. Risk of going short of funds
  • Indeed, this business model doesnt need heaps of
    money, but still, there is a risk of going short
    of funds. The best way is to assess the financial
    situation before launching the business.
  • These risks should be evaluated and mitigated
    beforehand to avoid risk.

9
  • Rx Biotech is a leading PCD pharma company for
    the pharma products and Franchise Marketing. One
    of the best pharma franchise companies in
    India offering monopoly rights to pharma
    companies in India with top medical promotional
    schemes.
  • ALSO READ
  • How to Start Pharmaceutical Manufacturing Unit in
    India?
  • What is the Scope of PCD Pharma Franchise
    Business?

10
Contact Us
  • Address- Rx Biotech Rx House, Plot No.
    1020, Behind Metro Depot, Mundka, New
    Delhi, Delhi 110041 India
  • Call- 91 9311205758
  • Website
  • http//rxbiotech.in/
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