Owning a big business is every entrepreneur’s dream. on the other hand, to make it a reality you need to put wholehearted efforts and be passionate about it.
In case if you want to establish a successful pharma marketing company?
If your answer is yes, then it is a good decision indeed.
The fastest growing sectors in India is the pharmaceutical sector. Showing a immense growth at the increasing demand; it can be assumed that the future is quite bright.
Hence, sooner is better if you want to build a big business.
If you don’t know the steps required to launch a pharma marketing company in India, then the article might help you greatly.
THE PROCESS
The starting/launching process of a Pharma Marketing company is not a complex thing if you prepare well for it. It involves a series of steps to be followed sequentially.
There are a wide range of sources where you can collect all the information about it. The Internet is an important and a major source.
MAKE A DETAILED BUSINESS PLAN FIRST
As you move to the further steps, it is essential to make a detailed business plan. Everything is involved here such as sources of finance, business premises, workforce, legal and statutory requirements, and so on.
What will be the name of the company? How will be the logo? What colors will you choose as corporate theme colors?
Are there any special permissions required other than the standard ones?
All these things are part of the business plan.
REGISTER THE COMPANY
As per the provisions of the Company Act, your company should be registered. You need a license number for the wholesale trading of goods.
If you need some third-party manufacturers, then you should sign a contract with them.
It is possible to complete all formalities without any help. On the other hand, you can hire a consultant if it looks cumbersome to you.
GET THE DRUG LICENSE NUMBER
It is necessary to follow the rules laid by the drug administration for obtaining the drug license number. Get in Contact with the local authorities and get complete details of it.
Certain basic guidelines are there that should be followed.
SUBMIT THE DOCUMENTS
Get the list of the documents that you need to submit to get the registration. A few examples are; ownership agreement or rent contract, the blueprint of the infrastructure, electricity bills, etc.
GET THE GST NUMBER
No business can operate without getting GST registration. Follow the process and get GST Number. It is easy.
at this point of time you are ready to launch your pharma company in India. Explore the right market and take the business to unprecedented heights.
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