The basic requirements for opening a medical shop include a shop and inventory. You can rent a shop for a few thousand rupees to ten lacs. Moreover, you will need a pharmacist and at least one employee during work hours. The salary of a pharmacist can range between Rs 5,000 and 30,000 a month. After setting up the business, you will need to register with the government to sell medicines.
Identify a location for your shop. Your pharmacy’s location should be convenient for your customers. It should be close to hospitals, medical clinics, or assisted living facilities, so that patients can walk to it for a refill. You should also research the health needs of your community. For instance, if there’s a need for more services such as disease state management and medication therapy management, you should open a medical shop that specializes in those areas.
Obtain a drug license. Pharmacies are heavily regulated. In order to legally operate a pharmacy, you will need to obtain a license from the State Drugs Standards Control Organization or Central Drugs Administration. To acquire a medical shop license, you must be a pharmacist with a valid degree. You will need to pay a fee to get your license, and there are other requirements to comply with. Your pharmacy should also be located in a location with a minimum of ten square meters.
