Business plan: the cornerstone of your pharmacy

Business plan: the cornerstone of your pharmacy

Business plan: the cornerstone of your pharmacy 1201 631 Pharmacy2020

You have decided to start your own pharmacy and now it’s time for you to put in place a robust business plan which will focus on financing, strategic alliances, key targets and evaluation methods.

Every type and size of pharmacy needs to build on a business plan. If you want to achieve the goals that you have set for your business, then you must lay a solid foundation.

A business plan will encompass (among others):

  • the vision statement
  • the mission statement
  • a detailed SWOT analysis
  • the business structure
  • the roles and responsibilities
  • the market trends
  • the target market
  • the sales and marketing strategy

A fixed business plan is the cornerstone of every business and the main factor to its profitability and sustainability.