Making a PCD pharma franchise business successful requires more than just partnering with a renowned company. It requires overcoming all the hurdles and challenges that come in the quest to attain success and sustainability. A franchise owner may face many substantial challenges in managing and running a franchise business smoothly. These challenges come in the form of effective marketing, building relationships, financial management, scalability and, at last, generation of expected profit. In this article, we will try to understand the core of these challenges and their potential solutions. Financial challenges: The foremost and critical challenge that a franchise owner faces is to manage the finances around the franchise business. From starting investment to business operations capital must be managed wisely. Inventory, stock and supply chain-related financial management is very important to run the business without burden. Marketing challenges: To establish a succe...
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