Launching a pharma marketing company is a wise decision because it is one of the flourishing businesses in India. Since the government is encouraging startup ventures nowadays, the procedural lacunae have been reduced. Hence, it is not a cumbersome thing anymore. Though several steps are there in the process, one can pass through by accomplishing each step systematically. Today, the Internet is an excellent source of information. By going through the information provided by legitimate websites, one can know the entire process. Here are the important steps required to launch a pharma marketing company.
Plan it well
This step is the most essential and critical step. If you want to run a successful pharma marketing company, then make a detailed business plan first. Ask a consultant to do it if you are not proficient into it. Get answers to these questions.
- How much space do you need? Will it be a rented place or you are planning to own it? Does the proposed place according to norms issued by the government?
- How will you arrange the finance? Will you borrow it from someone or it will be your investment?
- Have you registered for the name of the proposed company and brand? Has the logo been finalized?
Register your company
By the time you finish the business planning, start the process of registering your company. You will need to complete some formalities. Read the norms and guidelines before you proceed further. Many people feel that hiring consultant would be a better idea. Since he knows the process better, your work becomes easy.
Obtain the drug license
Again, it is a step where you may need help. There is a process defined for getting the drug license number. Fix an appointment with the drug selling authority or the local drug inspector. You should note down the complete details and proceed further. A registered pharmacist can also help in this regard. There are certain documents, and affidavits need to be submitted with the application. Also, you are supposed to give the blueprint of the business, proof of ownership or rent agreement of the property, electricity bill, partnership deed, etc.
Last, but not the least; the GST number
Obtain the GST Number before you start the business. The process has been simplified now, and it is not that complex as it was in the beginning. The article explains steps required to launch a pharma marketing company broadly. You should refer the official websites to get the information at length.
If you want to set up pharma business anywhere in India just call Irene Pharma – A Leading PCD Pharma Company in India on +91-9429774410 and we will explain all the details regarding our pharma franchise in India.