How much Investment is required to Start PCD Franchise company – Investment is the basic requirement for any business. There are numbers of people who want to invest in the PCD Pharma Franchise but do not know how much invest does it require. Are you one among them? At Medrix Pharma, we are asked by the number of people that How much investment is required to start PCD Franchise company? So in this, you will find answers to all your questions.
Since the Pharma Franchise business is getting huge success in India, many pharma experts want to start their own business but few know about the investment that is required to start this business. Before starting any business, it is very important to get its complete investment details so that you do not face any kind of trouble later. Medrix Pharma will provide you all the necessary details that you must know about the PCD Pharma Franchise investment.
Calculate the Required Investment by Dividing
To calculate the right amount of investment that you need to do for your pharma franchise business. Firstly divide ii into the three stages. This will help you in getting the rough idea of the investment and it will become clear to you how much to spend on which stage. Other than this, it will help you in spending the right amount of money at the right stage and by planning this you will not run into the shortage of money later.
- Initial Investment
- Second investment in the second batch to prevent shortage of products
- Emergency money
These three stages of money investment are must is your PCD Pharma Franchise business. The amount of invest may vary from company to company. You need to keep a good amount of money with you for emergency and smooth running of your business.
Where do you need to invest your money in PCD Franchise Business?
In an initial stage, you might need to little more investment than the regular times. This will ensure that you do not run out of money for other things. Plan your investment before and keep the certain required amount of money separate for the different thing. For PCD Pharma Franchise business you need to invest your money in the following things:
- Market investment
- Investment in Doctors
- Product Investment
- Investment in promotion and marketing if your product
- Payment for advance manufacturing of the pharmaceutical products
- Need to provide credits to chemist and stockist
- Rent of the premises
- Electricity Bills
- Employers Salary and workers wages
Calculate all your budget on the basis of the thing mentioned above. This will make things easy for you to handle and you will end up spending the right amount of money at right place. Once you have invested a certain amount of money, investment is required on the regular basis for your business until your company get established and started to earn a good profit so that you could pay all your business expenses and your salary.
Investment required for documentation of PCD Pharma Franchise Business
This is the one-time investment that you need to do at the initial stage, later you not have to pay for this. This investment is not included in the stages that are mentioned above. Here is the amount of investment that you need to do for licenses and other documentation. It is important as you cannot start a business without these documents. Here it is:
- Drug License number require the approx. 5000/- This varies from sate to state.
- You need approx 4500/- for Tax Identification Number(VAT/CST)
- For 2 partner approx. 9000/- is need for Company Registration:
- Trade Mark Registration is another important thing that you will need for PCD Pharma Franchise company. The charges will be per product/name of rs 4500. This will include the govt. fee along with the fee of advocate
- FSSAI, 100 per year for registration
Backup Money for Emergency Investment
Investing right nd having a good plan for backup as well is the key to success in pharma franchise business. You never know when you need to make invest that you never planned. Therefore, to be on the safe side you can use the backup money that you have kept for the emergency investment. It’s better to keep 50K to lakh as your backup money that you might need later for your business.
For starting a PCD Pharma Franchise you need to have a good amount of money only then you can run your business in a right without any issues. You should have at least 12 to 15 lakhs for initial invest and more amount on the safe side so that you can use this amount for the emergency purpose of your business. In initial stage do not expect the huge profit instead work on stabilizing your company. Be patient and do solid investment planning, you will surely earn good once your company gets well established. We hope this post from Medrix Pharma helped you well in calculating your investment.