As it turns out, you don’t need to be a pharmacist to open a pharmacy.
Many people think that pharmacists can only own the pharmacy business, and this assumption is not entirely correct. Those of you who do not work as pharmacists can also successfully run a business in this pharmaceutical field.
However, pharmacies must still be under the responsibility of pharmacists so that they can run legally based on statutory regulations. This is because the drugstore business offers promising opportunities for success when it comes to health.
Also Read: Tips for Choosing a Vitamin Supplier for Your Pharmacy Business
Ways and Tips for Starting a Pharmacy Business
Profits from business results do make many people tempted. However, this success is not obtained instantly but through a process. It’s the same when you set up a drug store or pharmacy. The following are ways and tips for starting a pharmacy business.
1. Plan the Type of Drugs to be Sold
The first thing you must do is plan what drugs to sell. Initially, you may not provide complete pharmaceutical preparation for various reasons.
For example, limited capital to conduct more in-depth research. For this reason, it is necessary to provide appropriate medicinal products based on the most needs.
2. Plan and Determine Business Capital
Pharmacy businesses will not be able to run without business capital. Before spending a fortune, you need to make a plan tailored to your business strategy. If wealth is limited, there is no harm in starting from a small-scale shop.
Capital planning and budgeting need to pay attention to several expenditure items, for example:
- Rent a place of business
- Permit application fee
- Cost of procurement of drugs or other products
- Employee salary
- Other operational costs
3. Determine the Location of the Store or Pharmacy
Accuracy in choosing a location will determine the success of your business. Therefore, choose an area that is densely populated and has easy access. Try to keep your business location not too close to competitors.
As for some tips in choosing a pharmacy business location to get a lot of customers, among others:
- Located in a densely populated neighborhood
- Have easy access from and to anywhere
- The place is friendly for public transportation users
- Have a parking lot
This step is no less important in establishing a pharmacy business. You have to look for official drug distributors to get drugs and medicinal ingredients at low prices.
It may be difficult for new players to find suppliers or wholesale distributors directly. There’s nothing wrong with partnering with other large pharmacies or working with incumbents to procure pharmaceutical preparations.
5. Recruit Professional Workforce
A pharmacy must run under the responsibility of a pharmacist. If you are not a pharmacist, it is mandatory to recruit a pharmacist as the person in charge. In addition, it is also necessary to recruit pharmacist assistants to help him.
To maximize store service, recruit additional employees who will serve your customers. Ensure that all HR recruited are professional and prioritize service to consumers.
6. Make sure to have official permits and devise a marketing strategy
A pharmacy business will not be able to run without an establishment permit. Therefore, you are required to take care of licensing so that the drugstore can do business legally.
After all the steps above are fulfilled, it is time to develop a marketing strategy. Working with general practitioners, dentists, or specialists in one location to sell other health products can make your pharmacy more well-known.
All business fields require seriousness and perseverance to achieve success. If you want your pharmacy business to succeed, make sure it meets all the requirements and its business strategy.
Also Read: Here’s How to Distinguish Real or Fake Medicines
Read more about health tips and medicine here. You can find a list of medications that we distribute based on our partner medicine production companies on our principal’s page. If you are a medicine manufacturer or retailer who needs cooperation and more information about Mandira as a pharmaceutical distributor, please contact us here.