How to Start a Drugstore Business
About the Training/Workshop
Overview
The Philippine market for pharmaceuticals is 110 billion pesos and since medicine is one of our basic needs, drugstores will always have sales despite the economic crisis. The seminar takes a practical approach and you will learn many trade secrets you would not find in books.
Objectives
- to teach the legal requirements for opening a drugstore
- to show how to get a good location for a drugstore
- to explain the key functions of merchandise selection, sourcing, pricing and ordering
- to teach how to operate a pharmacy profitably
Who Should Participate
Any person who wants to go into the drugstore business
Key Topics
- Overview of the drugstore business. Its huge market size and growth prospects.
- Registration requirements (inspections, licensing, BFAD regulations, etc.).
- The functions of the Pharmacist.
- Success stories. Secrets of those who made it big.
- Buying a Franchise or starting a Pharmacy yourself. Learn the pros and cons.
- Required capitalization for Generic drugstores, Full line stores, Counter type, and Self-service type operations.
- Finding the best location. Know the location factors that affect sales.
- Inventory control for a Pharmacy.
- POS (Point of Sale) system. Using modern technology as a tool for inventory and personnel control and management.
- The different types of Suppliers: Traders, Wholesalers, Distributors, and Principals. How to choose the lowest and best source of inventory.
- Pharmacy Personnel. Who are needed and how to select and train them.
- Pricing Strategy and tactics. How to set prices that will attract customers and still make a lot of profits.
- Current legal issues. Coping with Senior Citizens Law and other legislated discounts.
- Innovative Marketing and promotion. How to compete successfully against the large chainstores.
- Errors of those who failed in the business.
- How to control internal theft.
- Key success factors. Planning for the future.
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Click here to -> CHECK SCHEDULE
TIME: 9:00 AM to 4:00 PM
VENUE: Unit 2 2/F Intellect Bldg. MacArthur Highway, Brgy. San Sebastian, Tarlac City, Tarlac
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Contact Details:
Contact Numbers: (045) 923.1751 or text/call 0920.959.4020 or 0949.993.9043
For inquiries, you may also leave a message in our CONTACT FORM.