We will be able to sell prescriptions at reduced prices by carefully maintaining efficiencies in our operations and by targeting a specific segment of the market – those customers who pay for their prescription medications themselves. Pharmacy Business Plan In Nigeria Feasibility Study. Pharmacy Business Plan In Nigeria | Wholesale Pharmacy Business. CLICK HERE TO DOWNLOAD FREE PHARMACY BUSINESS PLAN IN NIGERIA. XYZ Pharmacy’s competitive edge includes discount prices for high quality products, excellent customer service, the expertise of its founders, etc. Someone You Know May Need This, Share On Facebook or Whatsapp, ONE, CLICK HERE TO CHAT WITH US ON WHATSAPP FOR YOUR BUSINESS PLANS/FEASIBILITY STUDIES AND PROPOSALS, After payment text your name, your e-mail address and bank teller number to 08060565721 and you’ll receive your. Pharmacist, interchangeably called chemist is a certified person that engaged in chemical research or experience, authorized to dispense medicinal drugs. in Pharmacy from any of the accredited Nigerian Universities, it makes the whole process easier, however, if you do not possess any prior University certification or is not The Company Pharmacy Business Plan in Nigeria Feasibility Study. This is indeed true because there is no limit to which a person would not go In making sure he/she is in a perfect health. Pharmacy is popularly as a drug dispensary or a place where prescribed drugs could be purchased or collected. This is indeed true because there is no limit to which a person would not go In making sure he/she is in a perfect health. Because of how important health is many has come out by making health care that is Pharmacy. The charge for the inspection is paid to the bank before he would proceed to register the premises with PCN. […] Pharmacy Business Plan In Nigeria Latest Edition Feasibility Studies PDF […]. Recommended . The pharmacy store is managed and directed by Mayowa Coker, a veteran in the Pharmacy industry with 8 years’ experience and John Richard, an experienced Pharmacist with over 15 years’ experience. As the population of Nigeria is growing so also is the number of people becoming sick increasing. Finally, It is also advisable to draw up a business plan before you start a pharmacy in Nigeria as this will help you in planning how the business would fare on the long run. Everybody knows that medication is given based on the perception by the medical doctor before you can go to the Pharmacy or Chemist shop to get the required medical drugs. Pharmacy is defined by concise oxford English dictionary as a place where medicinal drugs are prepared or sold. The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners. XYZ Pharmacy is established as a limited liability company owned by Mayowa Coker, John Richard, and other investors. Pharmacy Business Plan In Nigeria [thismonth] PDF/Word. However, starting a pharmacy is not easy there are lot of things you to need know. In order for a customer to purchase medications mail order, they must first contact XYZ Pharmacy over the phone. Before going into Pharmacy business you need to do a proper research or else you will run at loss huge loss this is why you need Pharmacy Business Plan. Clinical Pharmacy in Nigeria: Issues, Challenges and the Way Forward By Professor Chinwe Victoria Ukwe Quick Summary of Lecture The profession of pharmacy has undergone series of changes in terms of philosophy and practice as it seeks to meet the dynamics of societal expectations and changes in the legal/regulatory standards as well as technology of healthcare provisions. Going into pharmacy business in Nigeria is among the most lucrative business anyone can venture. You’ll need to figure out everything that needs to transpire in order for your business to reach the success that it’s supposed to. Once it is received and payment arrangements are complete, the medicines will be sent out to the customer via our delivery system. You have entered an incorrect email address! Funding for the launch of the business is provided primarily by equity from the partners and investors. This document has been produced without formal United Nations editing. Both generics and name brands are offered. GTBank (Guaranty Trust Bank) Pharmacy Business Plan … Save my name, email, and website in this browser for the next time I comment. We are located in Ikeja, Lagos state. Financial Plan and Projections 21, GET YOUR Pharmacy Business Plan In Nigeria. The Pharmacy Business Plan / Feasibility Study in Nigeria Can Also Be Used For Bank Loans, Grants Etc. Most people trying to set up a successful pharmacy business in Nigeria fail to understand that there is a huge difference between registering a pharmacy successfully and starting a successful pharmacy business in Nigeria. XYZ Pharmacy is a start-up firm involved in the distribution of prescription drugs to patients based in Lagos and its neighbouring state. Account No – 0044157183. This independent pharmacy business plan sample that can be very helpful in writing your business plan. Account Name – Chudi-Oji Chukwuka As the saying goes Health is wealth. After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Pharmacy Business Plan In Nigeria FEASIBILITY STUDY PDF will be send to your email. The prevalence of infectious diseases remains high. To see this page as it is meant to appear, please enable your Javascript! Products and services 9 Unlike Nigeria that don’t have a standard health care system. >>>IF YOU ARE BROWSING WITH YOUR PHONE, CLICK HERE TO CHAT WITH US ON WHATSAPP FOR YOUR BUSINESS PLANS/FEASIBILITY STUDIES AND PROPOSALS & GET A DISCOUNT). 1. In Nigeria, the Pharmacy Law set standard for age and require at least two referees [4], while conventionally, attainment of primary schooling is important [7]. Revenue will top N14,500,000 and profit will reach about N3,843,950 in the 1st year of operation. Please how can i start it? After payment text your name, your e-mail address and bank teller number to 08060565721 and you’ll receive your PHARMACY BUSINESS PLAN / FEASIBILITY STUDY PROPOSAL. Ease of doing business index (2013) 147 Size of pharmaceutical industry (2013) $1.28billion Number of pharmaceutical companies 130+ Nigeria and Pakistan have some superficial features in common NIGERIA PAKISTAN 16 Investment Opportunities in the Pharmaceutical Sector - Nigeria/Pakistan • Source: WorldBank, BusinessMonitorInternational. to, Pharmacy Business Plan In Nigeria Latest Edition feasibility studies ACCOUNT NUMBER: 3066880122. body. ONE, CLICK HERE TO CHAT WITH US ON WHATSAPP FOR YOUR BUSINESS PLANS/FEASIBILITY STUDIES AND PROPOSALS & GET A DISCOUNT) Pharmacy Business Plan In Nigeria Feasibility Study. Pharmacy Business Plan In Nigeria TABLE OF CONTENT. Cooking Gas (LPG) Plant Business In Nigeria 2020 PDF | Feasibility Study Cooking Gas (LPG) Plant Business In Nigeria – Cooking gas is essentially one of the most essential home needs, and of cause for those who do not require kerosene to prepare their meals. XYZ Pharmacy seeks N5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital. We are located in Ikeja, Lagos state. August 2019. Shoe Making Business Plan In Nigeria . We will be able to sell prescriptions at reduced prices by carefully maintaining efficiencies in our operations and by targeting a specific segment of the market – those customers who pay for their prescription medications themselves. ProductDelight. Chemist/ Pharmacy Business Plan in Nigeria Feasibility Study Manual Latest Edition. If you have a B.Sc. WHAT YOU JUST READ IS A VERY LITTLE PART OF OUR PHARMACY BUSINESS PLAN. In some cases, some pharmacists do not sell drugs to individuals unless you present a doctor’s prescription handy and this just how it is meant to be with the aim of keeping drug abuse by self-medication or self-prescription to the least minimum. Your email address will not be published. Notify me of follow-up comments by email. a business plan. Our Pharmacy business plan provides you will all the market research and feasibility studies all you just need to do is compare the Instructions and notes in relative to the you want to set up your chemist or Pharmacy business. In Nigeria, pharmacies are regulated by the Pharmaceutical Council of Employ a Certified Pharmacist or Register as One. PHARMACEUTICAL MANUFACTURING PLAN FOR AFRICA Business Plan African Union Commission P.O. Starting a Pharmacy business in Nigeria is not easy one can’t just decide that he/ she want go into Pharmacy business all because it is lucrative, there are important aspect of the business that you should know, that’s why you need a copy of our Pharmacy Business Plan In Nigeria, if you want to run a standard and a successful Pharmacy business. In starting a pharmacy business, it is important that you are a pharmacist who knows about drugs and how they are being administered and even if you are not a pharmacist, you can always get a pharmacist that will help in the business. Those people need medication and I’m sure you know that where there is a need, there is business. Sales and Marketing Plan 16 place in the available area of your choice and set up as long as it has a densely populated surrounding (All these have been explained and well drafted out in the plan). Before you can be allowed to own and run a Pharmaceutical Store in Nigeria you have to registered or be a certified Pharmacist, so getting a certification is a must. The Market In every society Pharmacies are very important and they are very relevant in the sense that without them, there would be no availability of drugs to save lives and aid health. your transfer reference number to 08107015636 and A Copy of our Pharmacy Available Lands In Lagos. Free Agriculture Sample Business Plan PDF. The Pharmacy Business Plan / Feasibility Study in Nigeria Can Also Be Used For Bank Loans, Grants Etc. For instance Cancer diseases of various type is now on the increase. 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Your email address will not be published. You will also need to register with the pharmacist council of Nigeria(PCN). Pharmacy business is a very lucrative business which can keep your account fat on a daily basis. Thanks. ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM. August 2019. Business Plan Samples In Nigeria. This sample Pharmacy Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. As the saying goes Health is wealth. Pharmacy Business Plan in Nigeria. By Leave a Comment. XYZ Pharmacy is a new pharmacy store involved in prescription medications for our customers at the lowest prices on the market. Pharmacy business is very lucrative but at the same time it’s very expensive. Pharmacies are regulated by (PCN) Pharmaceutical Council of Nigeria. The truth is without good health one can not enjoy live to the fullest. Financial Considerations I’m a Biochemist that has just finished school in last session but I want to start a business via pharmacy business and i don’t have money to do so. CTRL + SPACE for auto-complete. He will be the one to show you the documents required to register at the Corporate Affairs Commission. [Read more…] Filed Under: Business Plan Samples Tagged With: Drug Store Business, Pharmacy Business. A Pharmacy is also know as a chemist is an outlet where drugs and others related soft medical related items and toiletries are dispensed and sold. A young Lady once registered a pharmacy business in Nigeria. proposal. Learn how your comment data is processed. How to Start a Pharmacy Business in Nigeria + BUSINESS PLAN. This superintendent also can be your business partner if you both reach an agreement, or you can employ the service of a separate pharmacist. The Pharmacy Business Plan / Feasibility Study in Nigeria Can Also Be Used For Bank Loans, Grants and lots more. Market Research 15 abusers and also for self-medication or self-prescription to reduce to the least minimum. business plan for starting a hospital pdf) to 07033378184. Pharmacy Business Plan In Nigeria PDF/Word. Competitive Advantage 12 XYZ Pharmacy’s target market consists of two different groups, local customers or walk-ins, and mail order customers. I need those who what to go into Do you Pharmacy Business in Nigeria, should know that our comprehensive pharmacy business plan in Nigeria is well documented and it can use for Business Grant Applications, accessing bank loans at all level, write a proposal for pharmacy business to attract investors. Professionally, pharmacy is the branch of medicine entailing all aspects of pharmaceutics, chemistry of the pharmaceutical nature, phytochemistry, pharmacology and forensics which is the science of physical evidence, these are all medical terms. 3. She got the best furniture maker to According to statistics from the Nigerian Economic Recovery & Growth Plan 2017-2020, at 52 years, the average life expectancy in Nigeria is lower than that of its peer African countries, e.g., Ghana (61 years) and South Africa (57 years). The most important part of starting a business is your location. How to Write a Mission Statement With 10 Inspiring Examples. XYZ Pharmacy will employ two different strategies namely discount price and membership registration to reach these two diverse market segments. Types of Pharmacies in Nigeria. yet a registered pharmacist, you will need to employ the help of Superintendent Pharmacist who would put you through the registration. The Discount Pharmacy’s main goal is to provide prescription medications for our customers at the lowest prices on the market. Some pharmacist do not sell drugs to individuals unless you present a doctor’s prescription. Introduction 4 by 3 Comments. Article by Chuka. That’s why you need a proper research before chosen a location. Your business plan will be sent to your … After payment text your name, your e-mail address and bank teller number or Pharmacy Business Plan In Nigeria – HOW TO START Pharmacy Business Plan In Nigeria, Pharmacy Business Plan In Nigeria TABLE OF CONTENT, Executive Summary 3 Sources of IncomeOur source of income will be majorly in the retailing of prescription drugs and over-the-counter drugs. Business Plan In Nigeria FEASIBILITY STUDY PDF will be send to your email. Pharmacy Business Plan in Nigeria & Startup Manual. That’s why everyone tries and live healthy themselves. Write CSS OR LESS and hit save. STARTUP PHARMACY BUSINESS PLAN PDF SAMPLE. Competitor Analysis 15 Pharmacy Business Plan In Nigeria - This Drug store document can be also be used to obtain bank loans / grants from Nigeria Venture Capitalists. Executive Summary 3 Introduction 4 Business Description 9 Products and services 9 Competitive Advantage 12 Market Research 15 Competitor Analysis 15 Sales and Marketing Plan 16 Operational Plan 17 Business Risk 20 Management and Structure 20 Financial Plan … Go through ins and outs of pharmaceutical business plan, pharmaceutical business plans sample, and retail pharmacy business plan including new templates. legitimate pharmacy in Nigeria with the requirements of this overseeing This is done to avoid drug Pharmaceutical companies in Nigeria have come a long way despite the various challenges facing the pharmaceutical sector. Hospitals in countries like Togo and Benin Republic usually do not handle drugs, they offer prescriptions which should be bought at the Pharmacy. People in Because I have said before Health is Wealth. So, you will also have lot of sources to track the best retail pharmacy business plan/ templates, pharmacy start up business plan, pharmacy business plan pdf and innovative pharmaceutical sales business plans. Humans need food, shelter and good health in order to survive that is one of the reasons the government of every country tries to take health care system seriously. To register with the PCN, you will need to file in these documents as stated by the PCN website: This is the last step in opening your Pharmacy business because once the other process is done then you will have to employ an extra help that would help you out with other things in your Pharmacy shop. If YES, here is a complete sample pharmaceutical business plan template & feasibility report you can use for FREE. Patent Medicine Store in Nigeria: Guide on How to Start . Management and Structure 20 Pharmacy Business Plan in Nigeria – Besides food, clothing and shelter one other basic necessity of our days is now health. XYZ Pharmacy offers a wide range of prescription drugs to patients based in Lagos and its neighbouring state. The … I need those who what to go into Do you Chemist/Pharmacy Business in Nigeria, should know that our comprehensive pharmacy business plan in Nigeria is well documented and it can use for Business Grant Applications, accessing bank loans of all level, write a proposal for pharmacy business to attract investors. 10+ Pharmacy Business Plan Templates – PDF, DOC When you sample plan on opening up a business, it’s very important that you know what it is that’s supposed to happen. The Pharmacy Business Plan / Feasibility Study in Nigeria Can Also Be Used For Bank Loans, Grants Etc. There are procedures that need to be put in place before you can fully run a pharmacy. Competitors for XYZ pharmacy are Alpha Pharmacy, Bolar Pharmaceuticals, Nett Pharmacy, etc. This site uses Akismet to reduce spam. Business Risk 20 Our goal with this business plan is to a legitimate pharmacy in Nigeria with the requirements of this overseeing body. Operational Plan 17 Competition Your location holds a great impact on your business because your location tell you how well the business itself will do. Starting a pharmacy medicine store in Nigeria is a lucrative retail business to do in Nigeria considering its wide potentials and possibility of turning it into a chain retail pharmacy business. No thanks to climatic change which has brought so much changes that affects the body negatively healthwise. Pharmacy Business Plan In Nigeria PDF/Word. health care business are doing well for themselves, Do a Market Survey and an In-Depth research. For pharmacy setting up your near a hospital is a really good idea or you can also locate the most centralized Required fields are marked *. Business Description 9 Nigeria PCN and our goal with this business plan is to run a See more articles in Writing a Business Plan » Pitching. Going into pharmacy business in Nigeria is among the most lucrative business anyone can How To Write A Business Plan For Start-up, How Much Does It Cost To Write A Business Plan, Filed Under: Business Plan Samples Tagged With: Drug Store Business, Pharmacy Business, I want pharmacy bus plan sample in Nigeria in my email please. When going into pharmacy business you need to do a proper market research before going into the business so that you will not fall on the way side. Business Plan Samples In Nigeria. To place an order, pay N10,000 Pharmacies are very relevant to life and to the society in general in the sense that without them, there would be no availability of drugs to save lives and aid health because I’m very well aware and informed that in some French countries like Togo and Benin Republic, Hospitals usually do not handle drugs, they offer prescriptions which should be bought at the Pharmacy. Sorry, you have Javascript Disabled! Also Read: Pharmacy Business Plan in Nigeria. Knowing that without good health one cannot enjoy the best of those basic necessities of life. Products and Services Local customers may stop by the store front to pick up the medications. The superintendent pharmacist will notify the PCN registrar in writing through the state office to request for a location inspection. 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Business Plan Samples - Welcome To BusinessPlanNigeria.com.ng- PDF / Word Samples for over 100 Nigerian StartUps & Businesses Across Different Sectors Of … To get your sample Hospital Business Plan In Nigeria, pay N10,000 to: BANK NAME: FIRST BANK PLC . It is normally required for a pharmacist to register with the PCN, hence the Superintendent Pharmacist will register on behalf of your business. Overview