View Large Image Check other template ideas below: A marketing strategy is a formal declaration of commercial enterprise desires, reasons they're possible, and plans for achieving them.
Looking for more information? Nigerian Business Plans How to start a pharmacy shopPharmacy business in Nigeriapharmacy business plan in NigeriaRequirements for starting pharmacy in Nigeria A retail pharmacy shop is a place where you can buy genuine because we are talking about the peculiar Nigerian environment drugs and other health based products approved by NAFDAC as safe for public use and available for sale.
There is a huge money making opportunity in running a retail pharmacy store in Nigeria. So an investment of N5 million could yield over N3 million as Profit after tax within 12 months. The good thing about this business is that you can combine it with several complementary businesses e. My research into the pharmacy store business shows that on average the middle class customer spends N18, per annum on medication and medical supplements and we are talking of about 44 million strong individuals if we include the health and dietary needs of father, mother and children.
This means that the market can generate at least N billion per annum just from the middle class alone.
Incidentally there are fewer than 12, pharmacy retail stores in Nigeria which means there is a lot of room for new entrants to compete in this market. What are the Challenges involved in setting up and running a Pharmacy Store in Nigeria? With regard to setting up a pharmacy the few challenges one could likely face are mostly with registration, licensing and legal requirements.
Although financing can also be a challenge however if you can overcome the other challenges you are more than half way there.
There are also social practices which can also interfere with smooth running of the business such as; patronage of local medicine practitioners by people who should naturally be seeking medical care from a good hospital.
These challenges not withstanding pharmacy businesses are not going anywhere recession or no recession. What makes Pharmacy Shops profitable in Nigeria? Many Nigerians have unhealthy lifestyles which somehow makes it possible for pharmacies to thrive.
Maintaining poor hygiene can attract disease carrying vectors which can cause various kinds of fevers and illnesses. In Lagos for instance more than 12 million people live in slums and unhygienic surroundings.
How can I start a Pharmacy Shop in Nigeria? POS retail system — N,All require information given in this business Plan Business Plan of Bakery. Search Search. Upload. Sign In. Join.
Home. Saved. Books. Audiobooks. Magazines. Documents. Sheet Music. views. 0 Up votes, mark as useful. Opportunities in the Industrial Cassava Market in Nigeria. Bakery Industry in India. Dessert Business Plan.
executive. A bakery requires specialty equipment, even if it is a small business. Commercial-quality mixers and ovens allow you to produce your baked goods more efficiently, so you make a higher profit.
Plan, schedule and supervise bakery production, shipping and cleaning activities to highest safety and sanitation standards. Supervise, evaluate, train and schedule work of bakery staff. Order and arrange for correct ingredients, supplies and equipment using computerized system.
Would you like to start a cement business in Nigeria? Are you interested in buying and selling cement products?
Are you aspiring to be a distributor for major cement producers in Nigeria? Bakery Business Plan. Dry Cleaning Business Plan. Snail Farming Business Plan. Bottled / Pure Water Business Plan. Cyber Cafe Business Plan. Event. Nigeria is the 5th fastest growing country in a "quiet" world-wide online business which is seen as a second income business that can make you between $ – $ monthly on a part time basis.
Best of all, it is FREE to join and you can be paid in your local currency if you so wish. Develop a Business Plan: This is the part you put your plans in a written form.
Like most other business, a bakery business needs a well written business plan. Like most other business, a bakery business needs a well written business plan.