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How to Start a Chemist Business in Kenya [Complete 2024 Guide]

Starting a chemist business in Kenya can be a lucrative venture, given the country’s growing healthcare industry and increasing demand for pharmaceutical products and services.

Whether you are a pharmacist or an aspiring entrepreneur with a passion for healthcare, establishing a chemist business can provide you with a rewarding opportunity to contribute to the well-being of your community.

In this article, we will provide a comprehensive guide on how to start a chemist business in Kenya, covering everything from market analysis and licensing to setting up the business and ensuring legal compliance.

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What Exactly is a Chemist Business in Kenya?

The chemist, or pharmacy business, refers to the commercial enterprise involved in the preparation, dispensing, and sale of medications, prescription drugs, over-the-counter drugs, and other pharmaceutical products. Pharmacies play a crucial role in the healthcare industry by providing access to essential medications and offering expert advice on their appropriate use.

I will be using the word ‘pharmacy’ and ‘chemist’ interchangeably in this guide, so don’t get confused.

Here are some key aspects of the pharmacy business:

Dispensing Medications: The primary function of a pharmacy is to dispense prescription medications prescribed by licensed healthcare professionals, such as doctors or nurse practitioners. Pharmacists ensure that patients receive the correct medications, in the appropriate dosage, and with the necessary instructions for use.
Over-the-Counter (OTC) Products: In addition to prescription drugs, pharmacies also sell over-the-counter medications, health supplements, personal care products, and medical devices that don’t require a prescription.
Patient Counseling: Pharmacists play a vital role in patient care. They offer counseling and advice to patients on how to take their medications properly, potential side effects, drug interactions, and other relevant health information.
Compounding Services : Some pharmacies offer compounding services, where they customize medications to meet the specific needs of patients. This might involve altering dosage forms, removing allergens, or creating specific formulations.
Medication Management: Pharmacies may provide medication management services to help patients keep track of their medications, avoid potential conflicts, and adhere to their prescribed treatment plans.
Health and Wellness Products: Many pharmacies expand their offerings to include health and wellness products, such as vitamins, supplements, and other health-related items.
Online Pharmacies: With the growth of e-commerce, online pharmacies have become more popular, allowing customers to order medications and other products online and have them delivered to their homes. MYDAWA is a good example of an online pharmacy in Kenya.
Regulations : The pharmacy business is heavily regulated to ensure patient safety. Pharmacists must adhere to local and national laws regarding the handling, storage, and dispensing of medications.
Insurance and Reimbursement: Pharmacies often work with insurance companies and government programs to process prescription claims and facilitate reimbursement for patients.
Ownership Models: Pharmacies can be owned and operated independently, as part of a chain (e.g., national pharmacy chains), or as a department within larger healthcare facilities, such as hospitals.

Steps to Starting a Chemist Business in Kenya

Understand the Pharmacy Business in Kenya
Identify Licensing and Legal Requirements
Conduct Market Analysis and Competition Assessment
Develop a Business Plan
Identify the Location and Premises
Estimate Startup Costs and Create a Budget
Obtain Licenses and Permits
Set Up the Chemist Business
Hire Qualified Staff and Providing Training
Market and Promote Your Chemist Business
Provide Excellent Customer Service
Ensure Legal and Ethical Compliance

The pharmacy industry in Kenya is fairly technical and specialized. So, to venture into this business, you either need to have a good knowledge of how the business works or hire someone who does. Basically, a chemist business, also known as a pharmacy or drugstore, is a retail establishment that dispenses prescription medications, over-the-counter drugs, and related healthcare products. In addition to selling medications, chemists also offer services such as medication counseling, health consultations, and health monitoring.

Before venturing into the chemist business, you need to understand the legal requirements and obtain the necessary licenses and permits. The Pharmacy and Poisons Board (PPB) is the regulatory authority responsible for overseeing pharmaceutical practices in Kenya. Therefore, to operate a chemist business, you need to apply for a pharmacy license from the PPB, which requires meeting specific criteria, including the qualifications of the responsible pharmacist, appropriate storage facilities, and compliance with health and safety regulations.

Conducting a thorough market analysis is crucial for understanding the demand and competition in the area where you plan to start your chemist business. Identify the target audience, analyze demographics, and assess the existing chemist businesses in the vicinity. Consider factors such as population density, proximity to healthcare facilities, and potential customer base to evaluate the viability of your business. Next, determine your target audience and identify their specific healthcare needs and preferences. This can include individuals with chronic conditions, families with children, or elderly populations. Understanding your potential customers will help you tailor your product offerings and services to meet their requirements effectively.

To write your business plan, start by clearly articulating your business’s vision, mission, and objectives. Define the unique value proposition you aim to offer, such as personalized care, convenient locations, or a wide range of products. This will guide your decision-making process and help differentiate your chemist business in the market. Next, conduct a comprehensive feasibility study to assess the viability of your chemist business idea. Analyze factors such as market demand, potential revenue streams, startup costs, and expected profitability. Additionally, conduct market research to understand consumer preferences, emerging trends, and potential opportunities for growth.

Choosing the right location for your pharmacy business is very important. Look for areas with high foot traffic, close proximity to hospitals, clinics, or residential areas. While at it, ensure that the premises meet the requirements set by the PPB, such as adequate storage space, proper ventilation, and compliance with health and safety standards.

Determine the initial investment required to start your chemist business, including costs such as licenses, permits, lease or rent, renovations, equipment, inventory, and staff salaries. Next, develop a detailed budget to allocate funds effectively and forecast your financial needs for the first few months of operation. There are several financial options for funding your chemist business. This can include personal savings, loans from financial institutions, or seeking investors interested in the healthcare industry. If you need outside investment, you’ll have to prepare a convincing business plan to present to potential lenders or investors to secure the necessary funds.

Before you go looking for licenses and permits, make sure you familiarize yourself with the regulatory framework established by the PPB for operating a chemist business in Kenya. Stay updated on the latest regulations and guidelines to ensure compliance and avoid legal issues. After understanding the regulations, submit the necessary documents and fulfill the requirements specified by the PPB to obtain a pharmacy license. This includes providing proof of qualifications of the responsible pharmacist, ensuring proper storage facilities, and demonstrating compliance with health and safety regulations. Strict adherence to health and safety regulations is crucial in the pharmaceutical industry. Without this, it might be difficult to obtain a license and necessary permits. Therefore, establish protocols for the proper storage and handling of pharmaceuticals, ensuring they are stored at appropriate temperatures and away from direct sunlight. Also, implement measures to prevent the sale of counterfeit or expired medications. You also need to invest in proper storage facilities, such as refrigerators and shelves, to maintain the quality and integrity of pharmaceutical products. Finally, implement inventory management systems to track expiration dates and manage stock levels effectively.

Start by designing the layout and interior of your drugstore to make it appealing and functional. While setting up, consider factors such as customer flow, product placement, and consultation areas. Also, ensure that the space is well-organized, clean, and aesthetically pleasing to provide a comfortable environment for customers. Next, source high-quality equipment, such as dispensing machines, computer systems, weighing scales, and consultation counters. You can establish relationships with reliable pharmaceutical suppliers and wholesalers to procure a diverse range of medications, over-the-counter drugs, and healthcare products. To do this, you will need to research and identify reputable pharmaceutical suppliers and distributors who can provide you with reliable and genuine products. After finding the right supplier, you can then establish strong relationships to ensure a steady supply of inventory and negotiate favorable terms for pricing and delivery.

As I mentioned, a chemist is a specialized area, and not anyone can run it. So, if you are not a pharmacist yourself, you may not be eligible to operate the business. In this case, you can recruit qualified and licensed pharmacists, pharmacy technicians, and support staff who are knowledgeable about pharmaceuticals and customer service. To ensure the best customer service, provide regular training to update the skills of your staff, expand their knowledge, and enhance their understanding of new healthcare developments. You will also need to develop an efficient inventory management system to track stock levels, manage expiration dates, and streamline reordering processes. On top of that, implement robust record-keeping systems to maintain accurate sales records, prescription information, and customer data for compliance purposes.

After everything is set up, your next task is to get the word out about your pharmacy business. Start by creating a marketing strategy that highlights your unique value proposition and differentiates your chemist business from competitors. Develop a compelling brand identity, including a name, logo, and visual elements that resonate with your target audience. I will provide more tips on how to market your chemist business in Kenya later in this guide, so make sure to check that out.

Good customer experience is going to be a big part of the success of your chemist business. That is why it is important that you train your staff to deliver exceptional customer service and maintain professional etiquette. Emphasize the importance of empathy, active listening, and providing accurate information to customers. You also need to foster a welcoming atmosphere in your chemist business. This includes ensuring that customers feel comfortable asking questions and seeking advice. You should also create designated areas for private consultations to address sensitive health concerns. Another thing you should do is train your staff to provide personalized assistance, understand customer needs, and offer suitable product recommendations. This will enhance the customer experience and foster trust in your chemist business. Generally, you should maintain a well-informed staff who can provide accurate and up-to-date information about medications, drug interactions, and potential side effects. This will ensure that customers receive reliable advice and guidance. Finally, establish a mechanism to handle customer complaints and feedback promptly and professionally. Address any concerns, resolve issues, and use feedback to improve your services and operations.

Being a medical field, the pharmacy business requires strict legal and ethical compliance. So, it is important that you stay informed about the evolving regulations and changes in the pharmaceutical industry. This includes monitoring updates from the PPB and other relevant authorities to ensure ongoing compliance. You should also uphold ethical standards and best practices in pharmaceutical retailing. For instance, you should ensure proper labeling of medications, respect patient confidentiality, and avoid any practices that may compromise patient safety or violate regulations. Legal compliance also entails maintaining meticulous records of sales, purchases, prescription information, and customer data. This will help you demonstrate compliance during inspections and audits and assist in business analysis. Finally, you should implement measures to protect customer privacy and ensure the confidentiality of their health information. Adhere to data protection laws and regulations to build trust with your customers.

Tips For Growing and Expanding Your Chemist Business in Kenya

Now, the hard part is done and your business is up and running. Your next and continuous job is to see that the business not only keeps running but also grows and expands.

That said, let’s look at some tips to help you grow and expand your pharmacy business in Kenya.

Monitor and Analyze Key Performance Indicators (KPIs)

Regularly monitor and analyze key performance indicators such as sales growth, profit margins, customer satisfaction, and prescription volume. This will help you track your progress and identify areas for improvement.

Identify Opportunities for Expansion:

Evaluate opportunities for expansion, such as opening additional branches in strategic locations or diversifying your product offerings. Conduct thorough market research to assess the feasibility and potential risks associated with expansion.

Diversify Product Offerings and Introduce New Services

Stay attuned to emerging healthcare trends and consider diversifying your product offerings. Explore the addition of complementary products, health supplements, or specialized services such as home delivery or telepharmacy to cater to evolving customer needs.

Build Partnerships with Healthcare Institutions and Organizations

Collaborate with healthcare institutions, organizations, and NGOs to provide specialized services or participate in health campaigns. These partnerships can enhance your credibility, expand your customer base, and contribute to the health and well-being of the community.

Investing in Continuous Professional Development for Staff

Encourage ongoing professional development for your staff by providing opportunities for training, attending conferences, and staying updated on the latest advancements in pharmaceuticals and healthcare. This will ensure that your team remains competent and capable of meeting evolving customer demands.

How to Market Your Chemistt Business in Kenya

Here are some more tips you can use to market your pharmacy business in Kenya.

Create an Online Presence: Establish an online presence through a professional website and active social media profiles. Utilize these platforms to provide valuable health information, engage with customers, promote special offers, and enhance brand visibility.
Collaborate with Doctors, Hospitals, and Healthcare Professionals: Foster collaborations and partnerships with doctors, hospitals, clinics, and healthcare professionals in your community. Build relationships with them to generate referrals, conduct health talks, and offer specialized services
Offer Promotional Activities, Discounts, and Loyalty Programs: Attract customers by offering promotional activities such as discounts, special offers, or loyalty programs.
Engage in Community Outreach and Health Awareness Programs: Contribute to the community by organizing health awareness programs, conducting free health check-ups, and participating in community events. Establishing your chemist business as a trusted source of healthcare information will help build a positive reputation.

Starting a Pharmacy in Kenya – FAQs

Yes, a pharmacy business can be profitable in Kenya . However, this profitability can be influenced by various factors such as: ✓ Market Demand: The demand for pharmaceutical products and services can greatly influence the profitability of a pharmacy business. Factors such as the prevalence of diseases, population growth, and access to healthcare can all affect the demand for medications. ✓ Competition: The level of competition in the area where the pharmacy is located can impact profitability. If there are numerous pharmacies in close proximity, it may lead to lower profit margins due to price competition. ✓ Regulations: Pharmacy businesses in Kenya are subject to regulations and licensing requirements. Compliance with these regulations can incur costs but is necessary to operate legally. ✓ Procurement Costs: The cost of purchasing medications and pharmaceutical products from wholesalers or manufacturers can affect profitability. Fluctuations in drug prices and availability can also influence profit margins. ✓ Operating Costs: Rent, staff salaries, utilities, and other operating expenses are factors that can impact profitability. Efficient management of these costs is essential for maintaining a profitable business. ✓ Insurance and Reimbursement: In some cases, pharmacies may have to deal with delayed payments or lower reimbursement rates from insurance companies or government health programs, which can affect cash flow. ✓ Service Offerings: Pharmacies that provide additional services, such as medication counseling, health screenings, or compounding, may have an opportunity to increase revenue and profitability. ✓ Location: The location of the pharmacy can play a significant role in its profitability. Being situated in a densely populated area with high foot traffic and easy accessibility can be advantageous. ✓ Economic Factors: General economic conditions, such as inflation, currency fluctuations, and overall consumer spending, can influence the purchasing power of customers and, consequently, the profitability of the pharmacy.

The cost of starting a chemist (pharmacy) in Kenya can vary widely depending on various factors such as the location, size of the establishment, and the range of services and products you offer. Here are some key expenses to consider when estimating how much you need to start a chemist in Kenya: ✓ Licensing and Legal Requirements: Registering the business, obtaining the necessary licenses, and complying with regulatory requirements will incur costs. These may include business permits, pharmacy board licensing fees, and other legal fees. ✓ Location: The cost of renting or purchasing a suitable space for your chemist will depend on the area and its proximity to potential customers. High-foot-traffic areas may have higher rental costs. ✓ Inventory: Stocking your chemist with an initial supply of medications, over-the-counter products, health supplements, and medical devices will be a significant expense. The size and variety of your inventory will impact the cost. ✓ Fixtures and Equipment : You’ll need pharmacy-specific fixtures like shelving, display units, storage cabinets, and equipment such as computer systems, dispensing counters, cash registers, and security systems. ✓ Pharmacist and Staff Salaries: If you plan to employ a pharmacist and other staff, you should factor their salaries and benefits into your startup costs. ✓ Interior Design and Renovations: Designing and renovating the interior space to comply with pharmacy regulations and create an attractive and functional environment for customers will have associated costs. ✓ Marketing and Promotion: You will incur costs for initial marketing and promotion activities to create awareness of your chemist’s presence in the community. ✓ Insurance: Business insurance, including liability insurance, is essential for protecting your investment and mitigating potential risks. The costs of insurance will vary depending on your insurer. ✓ Operating Expenses: Consider initial operating expenses like utilities, stationery, cleaning supplies, and other essentials. It’s challenging to provide an exact figure for how much you’ll need to start a chemist in Kenya, as costs can vary significantly. However, a rough estimate could range from several hundred thousand Kenyan Shillings (KES) to several million KES, depending on the factors I mentioned above.

To start a chemist business in Kenya, you will need a valid license from the Pharmacy and Poisons Board (PPB) of Kenya, a good location, a business permit, qualified staff, a good drug inventory system, and a marketing strategy among other things.

The Bottom Line

Starting a chemist business in Kenya requires careful planning, compliance with regulations, and a commitment to providing excellent customer service. By following the steps I outlined in this guide, you can embark on a successful journey in the pharmaceutical retail industry.

Seize the opportunities available in Kenya’s healthcare sector and make a positive impact on the well-being of your community through a thriving chemist business.

L.K. Nathans

I am a personal finance enthusiast and digital marketer. My work here is to help you navigate your financial journey and achieve your main money goals. Through Omoka Digital, I provide practical tips, strategies, and insights on budgeting, saving, investing, and debt management. My aim is to empower you with the knowledge and tools you need to make informed financial decisions and improve your financial well-being.

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How to Start a Chemist Retail Business in Kenya

To start a retail chemist business in Kenya, you must have a degree or diploma in Pharmacy from a reputable institution. Chemists are profitable businesses , but to register a business, you must meet all the set requirements. Once you have met the minimum requirements and the certifications, you can proceed to the Pharmacy and Poisons Board to get a licence for your chemist retail business.

Requirements for Starting a Chemist Retail Business in Kenya

To start a retail chemist business in Kenya, you must make an application for registration. You need the following when making an application:

A registered business, either sole proprietorship, partnership, or a limited company
Application for registration of premises
Copies of academic testimonials of the chemist superintendent
Floor plan of the chemist premises
A copy of the enrolment certificate from the Pharmacy and Poisons Board

You will need to fill in the following application forms for a chemist retail business in Kenya.

Form 27 . It is an application for an annual practice licence.
Form 4 . It is an application for registration of premises.
Annex 1 . It is a confidential questionnaire for chemist premises.

You can register for a licence from the Pharmacy and Poisons Board in the following ways:

As a partnership, if all of you or any of you have medical certification.
Sole proprietorship
A limited company

You need to state the kind of business you want to start when applying for the licence.

Retail Chemist Business Licence Processing

You must attach all the necessary documents and requirements and submit them to the Pharmacy and Poisons Board. Once they have received your application, they will evaluate and respond in writing whether your application is successful . If it is successful, the Practice Committee of the board will schedule an interview for the superintendent.

If the interview is successful , the next thing is the inspection of the chemist business premises. The pharmaceutical inspector carries out the inspection, and the report will be presented in the form of a report. If the whole process is successful , the applicant will be issued a certificate of registration of the premises.

If the process is unsuccessful, the applicant will be advised with reasons the application was unsuccessful. Unsuccessful applicants are given a chance to revise and reapply.

Read also: How to start a clinic in Kenya.

Pharmacy Business Premises

The premises of a pharmacy are among factors considered during pharmacy registration process. The following are the approved pharmacy premises.

Premises for a pharmacist . For business operations of the pharmacist.
Premises for wholesale . For business operations of the wholesaler pharmacist.
Premises for a pharmaceutical technologist . For operations of a pharmaceutical technologist.

How to Start a Retail Chemist Business in Kenya

Once you have applied for licenses and business permit , the next thing you need to do is to design a chemist business plan . A business plan is essential for any business to keep track of business goals. Capture the business name, startup costs, market segmentation like the competition and startup equipment.

Cost of Starting Retail Chemist Business in Kenya

The cost of starting a retail chemist business in Kenya ranges between Ksh 600,000 to Ksh 2 million. The cost depends on the business location and the size of the business. The following is a breakdown of the startup costs.

Annual practising licence - Ksh 2,500
Premises registration - Ksh 5,000
Trading licence - Ksh 10,000
3 months rent - Ksh 30,000
Equipment - Ksh 50,000
Stock - Ksh 500,000

Besides the above requirements, you may also need the following equipment for a chemist retail business.

Weighing balance
Spatula and slab
Pestle and mortar
Measuring cylinders
Refrigerator
Reference books

For business consultancy, strategic planning, organizational development, market research, financial management & accounting, risk management and business plan writing at an affordable fee, please reach out to us through a phone call 0728 621 138 or WhatsApp , or email: [email protected]

Retail Pharmacy Business Location

Setting up your retail pharmacy business in a developing area is essential for business success . Also, it should be an accessible area by on foot traffic customers and near residential areas. Nairobi, Kisumu, Thika, Mombasa, Eldoret and Nakuru towns are the right places to set up a chemist.

Is Chemist Retail Business Profitable in Kenya?

Chemist retail business is a profitable venture if set up in a high income generating areas with high traffic. Holding all other factors constant, a chemist can make between Ksh 3,000 to Ksh 15,000 daily. It implies that you can get back your return on investment within a short period. To increase your revenues, you can run your business concurrently with money transfer services like M-Pesa .

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How to Start a Chemist Business in Kenya

By Tristram Ouma

How to start a Chemist Business in Kenya

Last updated on March 2nd, 2024 at 05:40 pm

Starting a chemist business in Kenya can be a profitable venture for those interested in the pharmaceutical industry. However, it requires careful planning, market research, and adherence to regulations. This guide will provide a breakdown of starting costs, location requirements, market size, earnings potential, as well as pros and cons .

Starting Cost Breakdown

Also Checkout: How to Start a General Shop Business in Kenya

A chemist business should be located in an area with high foot traffic, such as a busy street or a shopping mall. It is also important to ensure that the location is accessible to customers and suppliers.

Requirements

In addition to the starting costs, the following requirements must be met to start a chemist business in Kenya:

Registration with the Pharmacy and Poisons Board (PPB)
Obtain a business permit from the County Government
Hire qualified personnel, including a pharmacist and salespeople
Stock the shop with a variety of medicines and medical supplies, as well as basic health and personal care products

Market Size

The pharmaceutical market in Kenya is growing rapidly due to the increasing population, rising healthcare demand, and government initiatives to improve healthcare access. The market size is estimated to be around KES 100 billion, with a projected annual growth rate of 10%.

Earnings per Day

The earnings potential of a chemist business in Kenya can vary depending on factors such as location, product range, and pricing. However, a well-managed chemist business can earn between KES 5,000 to KES 30,000 per day.

Pros and Cons

High demand for pharmaceutical products
Potentially high earnings
Opportunity to improve public health
Potential for growth and expansion
Strict regulations and compliance requirements
Competition from other chemist businesses
Risk of counterfeit products and liability issues
High initial investment and ongoing expenses

Conclusion : Starting a chemist business in Kenya can be a profitable and rewarding venture with careful planning and adherence to regulations. By following the outlined steps and conducting thorough market research, one can successfully start and manage a chemist business in Kenya.

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How To Start A Pharmacy Business In Kenya Easily For Profits

Pharmacies are really important in the modern world as it offers back up to hospitals. Also, they help prevent congestion in hospitals as they also provide treatment to acute diseases which are not yet chronic.

Venturing into pharmacy business in Kenya is a really brilliant idea as it is helpful to both you as an individual due to the high profits that you get and the society at large as it offers health services at a competent rate.

There are key things you ought to know before starting a pharmacy business in Kenya. Let me show you the procedure on how to start a pharmacy business in Kenya:

Step 1: Conduct a thorough market research about the pharmacy business in order to have knowledge about you’re the business at large.

Step 2. Drafting of an effective pharmacy business plan in Kenya that will be your source of direction in the management of your business.

Step 3. Locate a strategic place where you will set up your business and have more customers.

Step 4. Funding of your business by obtaining capital from the possible sources such as your savings, bank loans, money from your family, among others.

Step 5. Register your pharmacy business with the eCitizen portal to make your business a legal entity in Kenya.

Step 6. Acquire the licenses and permits that will help you avoid inconveniences from the law.

Step 7. Rent a space where your business will be set up.

Step 8. Buy the required items such as medical equipment and medicine that you are going to use to make your pharmacy business complete.

Step 9. Launch your pharmacy business immediately after everything id completed.

Step 10.Market your business mainly through advertisements.

This is a simple procedure that will help you to start your pharmacy business in Kenya.

Requirements To Start A Pharmacy

Besides, there are requirements to start a pharmacy in Kenya that you must have which include:

1.Have a registered business either as a sole proprietorship, company or partnership.

2.Academic certificates of pharmaceutical Technologist.

3.Enrollment certificate by pharmacy and Poison Board of Kenya.

4. Equipment should be in place.

5.Business floor plan of your pharmacy premise.

Cost Of Starting A Pharmacy In Kenya

Maybe you have been wondering what is the cost of starting a pharmacy in Kenya? It costs an average of Ksh.600,000 to start a simple well organized pharmacy that is well equipped.

Profitability Of Pharmacy In Kenya

Have you ever wanted to know how profitable is pharmacy business in Kenya? Pharmacy Business is the highest medical business in Kenya with the highest profits since pharmacy medicine are always quite expensive than the medicine obtained from the government hospitals.

The richest pharmacist in Kenya also conquered that this business indeed turns dreams into reality.

Persons Who Can Open A Pharmacy

Arising questions in this sector include can a nurse open a pharmacy in Kenya and can a clinical officer open a pharmacy in Kenya? Yes a nurse and a clinical officer can open a pharmacy because they have experience in treating acute diseases as long as they obtain the right license.

List Of Registered Pharmacies And Chemists In Kenya

These are some examples of pharmacies and chemists that are registered in Kenya:

1. Beta Healthcare International Limited.

2. Krishna Chemist Limited.

3. Yaya Chemists Limited.

4. Suncity Chemists.

To sum up, pharmacy business Kenya is a really profitable business in Kenya that is worth investing in. Besides, it helps create employment opportunities for many people in the country.

Kenyans Consult

At Kenyans Consult, we are proud Kenyan writers. We write anything that pertains to Kenya and is worth sharing. We hope to share more about Kenya with the world through our writing. Check our articles to learn more about Kenya.

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How to start a pharmaceutical company in kenya.

How To Start A Pharmaceutical Company In Kenya – Kenya is currently the largest producer of pharmaceutical products in the Common Market for Eastern and Southern Africa (COMESA) region, supplying about 50% of the regions’ market.

The pharmaceutical industry in Kenya is booming. Scientific and technological improvements are the driving force in pharmaceutical innovation. But what does this mean for you? It means there are more opportunities than ever for those looking to break out and start their own pharmaceutical distribution business in Kenya.

The Pharmaceutical Industry in Kenya is growing at a very high rate and there is a huge potential and opportunities for manufacturers, distributers, exporters and importers start a pharmaceutical company in Kenya. The distribution of pharmaceutical products has been increasing over the years.

The Pharmaceutical industry and business is a highly regulated industry which has quite a number of governing Laws and Regulations which include but are not limited to the following:-

The Pharmacy and Poisons Board of Kenya regulates the trade in medical products and health technologies. We have the Pharmacy and Poisons ACT, CAP 244 laws of Kenya, which makes provision for the control of the Pharmaceutical Profession and the trade in drugs and poisons.

There are 3 major categories to choose from when looking to Start a pharmaceutical company in Kenya. They include;

Manufacturers;
Distributors and

The pharmaceuticals industry in Kenya is worth over $500 million and is expected to grow at a compound annual growth rate (CAGR) of 11.8%. Prescription drugs account for around 78% of the market. However, the fastest growth in the coming years is expected in the over-the-counter (OTC) product sales.

Pharmaceutical distribution companies in Kenya can most easily be described as the intermediary between the drug manufacturing company and the retail pharmacy or end user. This industry is recession proof, making it an incredibly advantageous venture for any savvy entrepreneur.

Table of Contents

Individuals and Companies Allowed to Start a Pharmaceutical Company in Kenya include;

A duly registered and licensed pharmacist or a Pharmaceutical Technologist who can own the business.
A partnership with a person/ company for which the superintendent pharmacist must be the majority shareholder and proof of the same attached in the form of an affidavit.
A registered company in Kenya company that is engaged in the manufacture and or distribution of drugs.
A representative of a person engaged in the sale and supply of pharmaceuticals subject to being issued with of a permit by the Board
A duly qualified medical practitioner, dentist or veterinary surgeon who satisfies the Pharmacy and Poisons Board that he is urgently in need of a drug or medicine, which he is unable to obtain in Kenya.

Premises That Can Be Registered To Be Used For Pharmaceutical Operations in Kenya?

Premises for carrying on the business of a pharmacist.
Premises for carrying on the business of a pharmacy as either wholesale or retail.
Premises for carrying on the business of a pharmaceutical technologist.
Premises for manufacturing pharmaceutical drugs.

Requirements Start A Pharmaceutical Company In Kenya include;

One should have a fully registered business by either sole proprietorship, partnership or limited company.
Application in writing for registration of premises and filling of the prescribed forms
Copies of academic certificates of the superintendent pharmaceutical technologist. A copy of diploma/degree certificate in pharmacy must be included
A copy of enrolment certificate by Pharmacy & Poisons Board of Kenya for the superintendent pharmaceutical technologist
Floor plan of the premise
The recommended equipment’s must be in place
A copy of the recommended Reference books at the premise

Once all this is done the Pharmacy and Poisons Board shall then review the application forms and documents. In addition, the board may arrange a one on one panel meeting/interview for the applicant by the practice committee of the board.

A pharmaceutical inspector will be sent to assess the suitability of the intended business and conduct an inspection of the proposed premises.

Upon completion of the evaluation, process the Pharmacy and Poisons Board can either issue the annual certificate of registration of premises or advise the applicant in writing in case of unsuccessful application and clearly state the reason the application was unsuccessful.

If the application was unsuccessful, the applicant is given an opportunity to revise and comply and if the applicant is able to revise the application and comply, a license will be issued.

The regulations developed by the Government of Kenya aim at ensuring good distribution practices, transportation of pharmaceuticals and also for safe management of pharmaceutical waste.

We are hope that this article will guide you through on how Start A Pharmaceutical Company In Kenya. We wish you all the best as you kick start this exciting journey, feel free to Contact Us for more clarification on the process.

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How To Set Up A Pharmacy Business In Kenya

For ‘young’ people, starting your very own business and becoming self employed is the most suitable alternative to the ever growing hard to get 9 to 5 jobs. Starting a business is always the best alternative to the ever elusive jobs. A survey by the Kenya National Bureau of Statistics (KNBS) revealed that seven (7) million Kenyans are unemployed. An additional figure of over 1.4 million are actively looking for employment. With those figures, it is easy to see why more and more people are looking for alternatives. Because we know very many business ventures require huge amounts of capital to get started, this new How To series will only show you how to start and execute several small business that require capital from as little as 5,000 Kenyan Shillings. Thus giving you the keys to the kingdom of starting a profitable business with little or no capital. If you are also just looking for a side hustle to maybe supplement your 9 to 5 or full time job, this is for you. All that you need to thrive in these businesses besides capital, is good customer service of course, great managerial skills, a suitable business location, and a clear cut vision. Today’s article will show you how to set up your very own Pharmacy business in Kenya. While this is not exactly a 5,000 Kenyan Shillings capital business, I am sure you would agree that this is also a very viable option.

Although setting up a Pharmacy is a lucrative business (due to the fact that it is not easily affected by changes in Economy especially negatively), the long procedures required to set up one, can be viewed by a few as being too stressful.

In order to properly give you the procedures and requirements, we will be doing things a little different for today’s article.

Types Of Premises That Are Eligible For Pharmaceutical Operations Registration In Kenya

Pharmacy Premises For Wholesale . This caters to pharmacy business operations that are of a Wholesale nature only.
Pharmacy Premises For A Pharmaceutical Technologist . This is for carrying out pharmacy business operations as a Pharmaceutical Technologist.
Pharmacy Premises For A Pharmacist . This is for carrying out pharmacy business operations as a Pharmacist.

A pharmacist can either run his or her pharmacy business as a Partnership, a Limited Company or as a Sole Proprietorship.

Please keep in mind that:

In order for your Pharmacy business to be run as a Limited Company or Sole Proprietorship, the Superintendent Pharmacist, must be the majority shareholder in the business and must have proof of said majority shareholding in the form of an affidavit.
The premises for your Pharmacy can only either be registered as a Retail Pharmacy business or as a Wholesale Pharmacy business NEVER as both. If you wish to operate both, you will have to apply for the registration of two separate premises. Each must have its own designated Superintendent Pharmacist.
The registration after approval, will automatically expire on the 31st of December in the year it was issued. If you do not renew it before or by the 31st of December, your premises registration will become null and void.

Requirements For Your Pharmacy’s Premises

The floors and walls of your Pharmacy’s premises, must be made of waterproof and washable materials.
The ceiling must be covered with a finish that is non-flaking and that also allows for easy cleaning.
Your Pharmacy’s premises must be of a permanent nature.
It must be well lit and ventilated.
The Pharmacy’s premises must ONLY be used for your Pharmacy business.
It must be secure and also protected against water leakage of any kind, pest infestation and bad or sever weather conditions.
It must have sufficient space for the efficient execution of all the necessary operations in your Pharmacy.
There must be a separate administrative office for the Pharmacist, where prescriptions, purchase records as well as other administrative records will be maintained. It must be situated where the Pharmacist will have a full view of the dispensary.
There must be absolutely no overcrowding of the staff and customers at your Pharmacy. This will ensure that the flow of work will continue to be efficient.
Over-the-counter drugs must be separated from the Pharmacy only drugs.
It must have enough space for the proper storage of cleaning equipment.
Psychotropic and narcotic drugs shall be kept in a secure space that is lockable and also fixed.
The storage facility must be temperature controlled in order to cater for chemicals and drugs that sensitive certain conditions.
All drugs, chemicals and other products must protected from heat, excessive light and moisture.
Your dispensary must be at least 8 feet by 10 feet with the General shop area being not smaller than 10 feet by 10 feet.
The premises must have running water that is portable as well as adequate waste disposal system(s).
It must have good toilet facilities.

How To Apply For Your Pharmacy Premises Registration

Before starting your application, do ensure that you have the following ready:

Copies of the Superintendent Pharmaceutical Technologist’s academic certificate. This must also include a copy of a Diploma certificate in Pharmacy.
A Copy of the Superintendent Pharmaceutical Technologist’s Enrolment Certificate issued by the Pharmacy & Poisons Board, Kenya.
The resignation letter by the Superintendent Pharmaceutical Technologist’s, addressed to his or her previous employer.
The Letter of appointment by your Pharmacy business. It must be addressed to the Superintendent Pharmaceutical Technologist.
The Floor plan for the Dispensing Room.
The Floor plan for the Dispensary.
Two (2) coloured passport sized photographs.
The Floor plan for the Consultation room.
The completed Premises Registration application form. The Application forms is obtainable at the Pharmacy and Poisons Board offices along Lenana Road in Nairobi. It can also be obtained, free of charge, from the nearest branch of the Pharmaceutical Inspectorate Department.

For sole proprietorship you will additionally be needing a Copy of the Certificate of registration of your Pharmacy company name (Form BN/3), from the Registrar of Companies, Attorney General’s office.

For partnerships you will additionally be required to provide a Copy of Certificate of registration of company name (Form BN/3) from the Registrar of companies, Attorney General’s office. You will also need an affidavit.

Please keep in mind that the application for the registration of your Pharmacy premises must be done in writing. Upon putting your application together, the duly signed form along with other relevant documents must be submitted to the nearest Pharmacy and Poisons Board office.

Equipment For Your Pharmacy Business

Below are the necessary equipment for your Pharmacy business:

A weighing balance.
A Refrigerator.
Measuring cylinders that can accurately measure volumes between 0 and 100ml.

Guidelines For Operating Your Pharmacy Business

All records for narcotic drugs must be retained for a minimum of five (5) years and for a minimum of two (2) years for other drugs.
You must maintain a patient/prescription recording system that is adequate and suitable. Said patient/prescription must include a prescription record ledger that is up to date and well indexed. A computerized system, patient profile card, or any other approved recording system, can also be added.
All Pharmacy records must be available for inspection by the pharmaceutical inspectorate at any time.
All records of your stocks include the batch number, source or supplier, quantity received and expiry date, must be maintained.
The Pharmacy must not dispense any prescription or sell any Pharmacy-only medicine when the in-house pharmacist is not available.
The sale of pharmacy-only medicine and the dispensing of prescriptions must be done under the supervision of the pharmaceutical technologist or pharmacist.
The dispensing of prescription-only medicine must only be carried out in compliance with a valid prescription that must be written by a registered Dental Surgeon, Veterinary Surgeon or Medical Practitioner.
Your Pharmacy must have and use suitable dispensing labels and containers. Said containers must also be capable of keeping dispensed medicine or drugs in a usable and safe condition.

Required Application Forms For A Retail Pharmacy Business

Form 4. This is the application for the Registration of Premises.
Annex 1. This is the confidential questionnaire set aside for the Pharmacy’s premises.
Form 27. This is the application for annual practice license.

Costs Of Retail Pharmacy Application

Below are the costs of the Retail Pharmacy Application:

Annual Practice License – 2,500 Kenyan Shillings.
Premises Registration – 5,000 Kenyan Shillings.

Please keep in mind that the above costs apply to both Pharmaceutical Technologists and Pharmacists who a looking to start their own Retail Pharmacy business.

Required Application Forms For A Wholesale Pharmacy Business

Below are the costs of the Wholesale Pharmacy Application:

Form 6. This is the application for a Wholesale Dealer’s License.

Costs Of Wholesale Pharmacy Application

Wholesale Dealer’s License – 5,000 Kenyan Shillings.

Please keep in mind that the above costs apply to both Pharmaceutical Technologists and Pharmacists who a looking to start their own Wholesale Pharmacy business.

For both Wholesale Pharmacy business applicants and Retail Pharmacy business applicants, must specify whether or not they intend to operate their businesses as either exporters or importers.

Submitting Your Application Form

The completed application form together with the relevant documents, must be submitted in person to the address below:

The Registrar,

Pharmacy & Poisons Board,

Lenana Road, ( Between the Egyptian Embassy and Lenana Conference Centre)

Alternatively, you can send it via post to:

Pharmacy & Poisons Board

P.O BOX 27663-00506 , Nyayo Stadium,

As soon as your application forms and documents have been received, said documents will be evaluated. Upon evaluation you the applicant will then be advised on whether or not, your application was successful. This will be done via writing.

The Pharmacy and Poisons Board during the application evaluation, might also decide to arrange an interview with you the applicant by the Practice Committee of the Board. Once you pass the interview, an inspection of your Pharmacy company’s proposed premises will also be conducted by a pharmaceutical inspector. This will be done in order to further assess the suitability of the premises for use with regards to Pharmacy. The report from the inspection, will also be presented in the prescribed inspection form.

Next the Pharmacy and Poisons Board will either proceed to issue a certificate of registration of premises under part II of the Pharmacy and Poisons Act, Cap 244 Laws of Kenya or in the case of an unsuccessful applicant, advise you the applicant in writing, clearly stating the reason(s) why your application was not successful. You will also be allowed to go over your application, revise and then submit again for consideration.

If you the applicant is able to revise the application and meet all the requirements after resubmitting, your license will be issued with no delay.

If you however still do not meet all the requirements, the proposed premises for your Pharmacy business, will remain unregistered. Furthermore, the file for your application will be closed exactly six (6) months from the date of your initial application.

And that is it! All you need to know about starting your very own Pharmacy business in Kenya.

Is the Pharmacy business, a suitable venture for you to go into? That question, is left for you to think on and answer. This writer’s goal is to open your eyes to the various entrepreneurial opportunities that abound in the country.

One important thing besides the tips provided here, is to be good at what you do. Continue to expand and grow your skills.

Also while the prospects are very promising please have a realistic approach as well. As with any business, there is a chance that you might incur losses. Especially at the beginning, so please keep your overheads low.

Was this article helpful? Are there any other How To topics you would like us to write on? Feel free to reach out to Mpesa Pay in the comment section.

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Strategic Plan 2020 – 2025

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Strategic Plan 2020 - 2025

Globalisation has made the world more interconnected and with it the benefits and challenges of the digital era. That these will become more pronounced with the Fourth Industrial Revolution and impact all aspects of the socio-economic and political context of Kenyans cannot be overstated. For the Pharmacy and Poisons Board (PPB), this marks a major turning point for working collaboratively with its stakeholders to drive and embed sustainable innovations in the practice of pharmacy as well as manufacture and trade in health products and technologies. The Board was established in 1957 to guarantee health security and well-being of all Kenyans. It is among the Government of Kenya agencies responsible for delivering the highest standards of health as a basic human right for all Kenyans. This is a key Bill of Rights provision enshrined in the Constitution of Kenya, 2010. Over the years, the Board has continually evolved to deliver on its broad functions. In the present plan period, the Board will focus on the use of modern regulatory science; internationalisation and collaboration; and effective stewardship that is customer-centric to revitalise the pharmaceutical sector and guarantee quality, safety, efficacy and cost- effectiveness of health products and technologies in a dynamic global world.

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To fulfill this, we aim to adhere as strictly as possible to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 (WCAG 2.1) at the AA level. These guidelines explain how to make web content accessible to people with a wide array of disabilities. Complying with those guidelines helps us ensure that the website is accessible to all people: blind people, people with motor impairments, visual impairment, cognitive disabilities, and more.

This website utilizes various technologies that are meant to make it as accessible as possible at all times. We utilize an accessibility interface that allows persons with specific disabilities to adjust the website’s UI (user interface) and design it to their personal needs.

Additionally, the website utilizes an AI-based application that runs in the background and optimizes its accessibility level constantly. This application remediates the website’s HTML, adapts Its functionality and behavior for screen-readers used by the blind users, and for keyboard functions used by individuals with motor impairments.

If you’ve found a malfunction or have ideas for improvement, we’ll be happy to hear from you. You can reach out to the website’s operators by using the following email

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HOW TO START A CHEMIST BUSINESS IN KENYA

Premises for a pharmacist – for carrying on the business of a pharmacist
Premises for wholesale – for carrying on the business of a pharmacist on a wholesale basis only
Premises for a pharmaceutical technologist – for carrying on the business of a pharmaceutical technologist
Registered business either by a sole proprietorship, partnership, or limited company.
Application in writing for registration of premises and filling of the prescribed forms
Copies of academic certificates of the superintendent pharmaceutical technologist. A copy of diploma/degree certificate in pharmacy must be included
A copy of the enrolment certificate by the Pharmacy & Poisons Board of Kenya for the superintendent pharmaceutical technologist
Floor plan of the premise
The recommended equipment’s must be in place
A copy of the recommended Reference books at the premise

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How To Register and Operate a Pharmacy/Chemist in Kenya

To operate a chemist/pharmacy in Kenya is not easy, this is because of many licensing procedures you should follow before you set up the business.

Pharmaceutical business is one of the most profitable business ventures in the world, and in Kenya. In a single day, the average profit of a single chemist in Nairobi is Ksh 4,000-Ksh20, 000, sometimes it can go up to Ksh 50,000-which means you can make a cool Ksh 1 million per month.

But how do you set up a chemist?

The first thing to do is ensure you have a diploma or degree in pharmacy..you cannot operate a chemist without having qualifications in pharmacy from a recognized academic institution in Kenya.

If you possess the outlined qualification, proceed to Pharmacy and Poisons Board for a license. Then go to your county offices for trading license.

A license and set up capital will require Ksh 600,000-Ksh 2 million.

If you don’t possess relevant qualification, you can partner with someone with the qualification. This requires that you draft a partnership deed and register your partnership company.

Besides, you can register a Pharmaceutical company, which require more licenses.

Below we provide details of how you to start a pharmaceutical company in Kenya.

MINIMUM REQUIREMENTS AND STANDARDS OF PRACTICE

The minimum requirements for premises and standards of practice are contained in the Pharmacy and Poisons Board guidelines for Good Wholesaling and Retail Practices for Pharmaceuticals (see separate document).

HOW TO MAKE AN APPLICATION FOR REGISTRATION OF PREMISES

An application for registration of premises shall be made in writing and upon completion of the prescribed forms. The

PPB/Prem & Wholesale v1.0.doc xduly completed application forms are to be submitted accompanied by the documents prescribed in these guidelines (see the checklists) or any other documents as may be deemed necessary or as may be prescribed by the Board.

Application forms are available at the Pharmacy and Poisons Board offices along Lenana Road in Nairobi. The forms can be obtained, free of charge, from the Pharmaceutical Inspectorate Department.

The requisite application forms for retail pharmacy run by a registered pharmacist are:

Form 4 (Application for Registration of Premises)
Annexe 1 ( Confidential questionnaire designated for premises to be run by pharmacist)

iii. Form 27(application for annual practice licence) – This is to be filled where the superintendent pharmacist does not yet hold a valid annual practice licence.

The requisite application forms for wholesale pharmacy are:

Annexes 1 ( Confidential questionnaire designated for premises to be run by pharmacist)

iii. Form 6- Application for a Wholesale Dealer’s Licence

Form 27(Application for Annual Practice Licence) – This is to be filled where the superintendent pharmacist does not yet hold a valid annual practice licence.
The applicant will specify if, in addition, they intend to carry out the business as importers and or exporters.

PPB/Prem & Wholesale v1.0.doc xi

A wholesale Dealer SHALL BE required to abide with the Good Distribution Practices guidelines set by the Board. Failure to abide by the guidelines may lead to necessary disciplinary action being taken against the affected person(s).

The requisite application forms for retail pharmacy run by an enrolled pharmaceutical technologist are:

Form 30 (Application for Registration of Premises for a Pharmaceutical Technologist)
Annexe 2( Confidential questionnaire designated for premises to be run by a pharmaceutical technologist)

iii. Form 29(Application for Licence Practice to Practice as a Pharmaceutical Technologist) – This is to be filled where the superintendent pharmaceutical technologist does not yet hold a valid practice licence.

The completed application form together with the relevant documents indicated in the checklist should be submitted in person to the address below.

The Registrar,

Pharmacy & Poisons Board,

Lenana Road, (Between the Egyptian Embassy and Lenana

Conference Centre)

It may alternatively be sent by post to:

Pharmacy & Poisons Board

P.O BOX 27663-00506, Nyayo Stadium,

Upon submission of the application documents the applicant shall pay a non- refundable application fees as stipulated below (current fees) or as may be prescribed by the Board.

CURRENT APPLICATION FEES STRUCTURE

Retail Pharmacy (applies to both premises for a pharmacist and premises for a pharmaceutical technologist)

Annual practice licence Kshs. 2500
Premises registration fee Kshs. 5000

Wholesale Pharmacy

iii. Wholesale dealer’s licence Kshs. 5000.

PROCESSING OF APPLICATIONS

Upon receipt of the duly filled application forms and documents, the same will be evaluated and the applicant advised in writing on whether the application was successful or not. In conducting the evaluation, the Board may arrange an interview for the applicant (superintendent) by the Practice Committee of the Board. If the interview is successful, an inspection of the proposed company’s premises will be conducted by a pharmaceutical inspector to assess the suitability for the intended business. The inspection report will be presented in the prescribed inspection form.

Having considered all factors and matters relating to the application the Board will either

Issue a certificate of registration of premises under part II of the Pharmacy and Poisons Act, Cap 244 Laws of Kenya; or PPB/Prem & Wholesale v1.0.doc xiii
Advise the applicant in writing, in case of an unsuccessful application, and clearly state the reason the application was unsuccessful.

In the case of an unsuccessful application, the applicant will be given further opportunity to revise and comply. Where the applicant is able to revise the application and comply with the requirements a licence will be issued: otherwise the premises shall remain unregistered and the file will be closed after about 6 months from the date of initial application.

Nothing in these guidelines shall make it lawful to carry out the business in premises which are not registered even when an application is under process but the license has not yet been issued.

VALIDITY OF REGISTRATION CERTIFICATE AND/ OR WHOLESALE DEALER’S LICENCE

The Certificate for Registration of Premises (Form 33) expires on the 31st day of December of the year it is issued. The Wholesale Dealer’s Licence (Form 7) expires on the 31st day of December of the year it is issued

The Certificate for Registration of Premises for a Pharmaceutical Technologist’s Practice (Form 31) expires on the 31st day of December of the year it is issued.

The above expiry dates will apply irrespective of the actual date of issue of the license in question.

RENEWAL OF LICENSES

All licenses issued by the Board and expiring on the 31st day of December of the year it is issued will be renewable annually. Application for renewal of licences will be made to the Board in writing by filling the forms stipulated in part 6 above. However, for purposes of renewal, it shall not PPB/Prem & Wholesale v1.0.doc xiv

be necessary to fill the annexes except in a situation where there are changes in details that may require variation of license.

Notwithstanding licenses having been issued the previous year, the application for renewal shall be evaluated every time and the Board shall not be obliged to renew the licenses except for applications which as per the prevailing conditions at the time of application still meet the requirements. Premises which, after re-assessment, are deemed to have become unsuitable for carrying on the business will not have their registration renewed and the previous one would automatically become void.

The requisite forms for renewal are to be filled and application fees paid beginning October and not later than 31st December every year in order to facilitate timely processing of the licenses.

PENALTY FOR LATE RENEWAL:

Any application for renewal of licenses that is lodged later than 31st December will attract a penalty for late application and this will be in the form of a percentage of the standard application fees as may be prescribed by the Board. Currently the penalty is 10% and is levied on a monthly incremental basis from January onwards.

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Pharmacy Business Plan Template

Written by Dave Lavinsky

Pharmacy Business Plan

You’ve come to the right place to create your pharmacy business plan.

We have helped over 10,000 entrepreneurs and business owners create business plans and many have used them to start or grow their pharmacies.

Pharmacy Business Plan Example

Below is a sample pharmacy business plan and template to help you create each section of your pharmacy business plan.

Executive Summary

Business overview.

Healthy1 Pharmacy is a new independent retail pharmacy located in Charleston, South Carolina. The company is founded by Stephen Harris, a licensed pharmacist who has spent more than fifteen years working in the pharmacy industry. Stephen is confident that his strong communication skills combined with his keen attention to detail when preparing prescriptions will help him quickly grow a loyal customer base for his new pharmacy. Stephen has recruited a team of highly qualified professionals to help manage the day-to-day complexities of running a retail pharmacy including marketing, sales, customer service, financial reporting, and operations management.

Healthy1 Pharmacy will provide all of the products and services that are available at large retail chains, only with a better price and a small-town atmosphere. At Healthy1, sales associates and pharmacy technicians will get to know each customer by name and be able to offer a more personalized service not typically offered at larger pharmacies. Healthy1 Pharmacy will be a one-stop shop for any customer in need of a prescription, flu shot, OTC medication, and more.

Product Offering

The following are the services that Healthy1 Pharmacy will provide:

Over-the-counter (OTC) medications
Prescription medications
Immunizations
Travel medications
Point-of-Care (POC) Tests
Compounding

Customer Focus

Healthy1 Pharmacy will target all individuals in Charleston. The pharmacy will target multiple age groups from pediatric to geriatric. Healthy1 will also target patients needing prescriptions filled on a regular basis. No matter the customer, Healthy1 Pharmacy will deliver the best communication, service, and prices.

Management Team

Healthy1 Pharmacy will be owned and operated by Stephen Harris. He has recruited Emily Jackson, an experienced retail pharmacy manager to be his Store Manager and help to supervise the staff and run the day-to-day retail operations.

Stephen Harris is a licensed pharmacist with a Doctor of Pharmacy (PharmD) degree and more than fifteen years of experience working in the pharmacy industry. Stephen has been recognized by his former employer as a top performing pharmacist for five years in a row.

Emily Jackson has been a store manager at a local retail pharmacy for over a decade and has garnered a positive reputation for her exceptional organizational skills and leadership. Emily has worked in the pharmacy industry for so long, she understands all aspects required in running a successful retail pharmacy.

Success Factors

Healthy1 Pharmacy will be able to achieve success by offering the following competitive advantages:

Friendly, knowledgeable, and highly qualified team of sales associates and pharmacy technicians who will assist customers, answer questions, and provide a personalized approach not found in larger pharmacies.
Comprehensive array of products and services that includes everything you would expect from a large pharmacy, only with attentive customer service and lower prices.
Healthy1 Pharmacy offers the best pricing in Charleston. The pharmacy’s pricing structure is the most cost effective compared to the competition.

Financial Highlights

Healthy1 Pharmacy is seeking $400,000 in debt financing to launch its new pharmacy. The funding will be dedicated towards securing the retail space and purchasing equipment, inventory, and supplies. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and marketing costs. The breakout of the funding is below:

Pharmacy and retail space build-out: $100,000
Equipment, supplies, inventory, and materials: $100,000
Three months of overhead expenses (payroll, rent, utilities): $160,000
Marketing costs: $25,000
Working capital: $15,000

The following graph below outlines the pro forma financial projections for Healthy1 Pharmacy.

Company Overview

Who is healthy1 pharmacy.

Healthy1 Pharmacy is a newly established independent retail pharmacy located in Charleston, South Carolina. Healthy1 Pharmacy will provide all of the products and services that are available at large retail chains, only with lower prices and a small-town atmosphere. At Healthy1, sales associates and pharmacy technicians will get to know each customer by name and be able to offer a more personalized service not typically offered at larger pharmacies. Healthy1 Pharmacy will be a one-stop shop for any customer in need of a prescription, flu shot, OTC medication, and more. Healthy1 Pharmacy will be able to provide Charleson customers with the experience of a friendly, neighborhood drugstore while ensuring each prescription is handled with the highest standards of quality and care. The team of pharmacy technicians and sales associates will be highly qualified and experienced in helping customers find the right over-the-counter solutions for their individual needs as well as ensuring each prescription is filled accurately and efficiently.

Healthy1 Pharmacy History

Healthy1 is owned and operated by Stephen Harris, a licensed pharmacist with over fifteen years of experience working in the pharmacy industry. Stephen has worked for a large pharmacy chain and managed a team of pharmacy technicians for several years. Stephen’s tenure with the pharmacy chain combined with his pharmaceutical education has given him the skills and knowledge required to start his own pharmacy.

Since incorporation, Healthy1 Pharmacy has achieved the following milestones:

Registered Healthy1 Pharmacy, LLC to transact business in the state of South Carolina.
Has a contract in place to lease the retail storefront he will use for his pharmacy.
Reached out to numerous contacts to include experienced pharmacy technicians and sales associates to advise them of the upcoming opportunities at his new pharmacy.
Began recruiting the management team members including a store manager, an accountant/bookkeeper, and a marketing director.

Healthy1 Pharmacy Services

The following are the pharmacy products and services that Healthy1 Pharmacy will provide:

Industry Analysis

The pharmacy industry in the United States is valued at $534.2B and is projected to grow to $862B by 2028. Major market drivers include a growing number of types of diseases, an increasing percentage of people with chronic illnesses, an aging population, and higher healthcare costs.

There are more prescription medications being developed, and the demand for more prescriptions is growing faster than ever before. In 2020, there were an estimated 860M medications prescribed by physicians and 336M prescribed by hospitals. This prescription demand is resulting in more pharmacies opening across the U.S. The National Council for Prescription Drug Programs (NCPDP) reports an estimated 20,400 independent pharmacies in 2010. This number has grown to over 23,000 by 2019, a 12.9% increase in the number of independent pharmacies for that time period.

Industry operators in the pharmaceutical market can benefit from providing above average customer service, lower prices than competitors, and products or services that aren’t being offered elsewhere.

Customer Analysis

Demographic profile of target market.

Healthy1 Pharmacy will target all individuals in Charleston, South Carolina. The pharmacy will target multiple age groups from pediatric to geriatric. Healthy1 will also target patients needing prescriptions filled on a regular basis.

The precise demographics for Charleston, South Carolina are:

Customer Segmentation

Healthy1 will primarily target the following customer profiles:

Parents of pediatric patients
Geriatric patients
People taking medications on a regular basis
People needing compounding services
People looking for vaccines or immunizations
People who need lab tests

Competitive Analysis

Direct and indirect competitors.

Healthy1 Pharmacy will face competition from other companies with similar business profiles. A description of each competitor company is below.

Charleston Care Pharmacy

Charleston Care Pharmacy provides a wide variety of pharmacy products and services including OTC medications, lab testing, and compounding. Located in a senior neighborhood, Charleston Care Pharmacy specializes in serving the geriatric population, but welcomes customers of all ages. Charleston Care Pharmacy’s promise is to deliver effective communication, honesty, and integrity in every transaction. Charleston Care Pharmacy’s team of experienced pharmacy technicians assures customers are well taken care of and prescriptions are filled quickly and correctly.

FeelBetterNow Pharmacy

FeelBetterNowPharmacy is a Charleston-based neighborhood pharmacy that provides a full suite of services including compounding, vaccines, lab testing, local delivery, and more. The owners of FeelBetterNowPharmacy are licensed pharmacists who have extensive experience working for independent retail pharmacies so they understand what customers are looking for in a neighborhood pharmacy. Customers who choose FeelBetterNowPharmacy can rest assured they are getting the best quality products at reasonable prices.

Care Better Pharmacy

Care Better Pharmacy is a trusted Charleston pharmacy that is known for providing superior customer service. They are able to provide a one-stop shop for customers looking for convenient OTC and prescription medications, durable medical equipment, vaccines, and immunizations. Care Better Pharmacy is also able to serve customers in need of compounding, recurring prescriptions, and lab testing. They have expert pharmacy technicians to provide information about each medication and answer all of their customers’ questions.

Competitive Advantage

Healthy1 Pharmacy will be able to offer the following advantages over their competition:

Healthy1 Pharmacy offers the best pricing in Charleston. The pharmacy offers its customers low prices on all of its products and services compared to the competition.

Marketing Plan

Brand & value proposition.

Healthy1 Pharmacy will offer the unique value proposition to its customers:

Highly-qualified team of skilled pharmacy technicians and sales associates will be able to provide personalized customer service and ensure all prescriptions are handled with care.
Unbeatable pricing to its clients – Healthy1 Pharmacy does not mark up its products and services at a large percentage. The pharmacy will offer the lowest prices guaranteed. If a customer finds a cheaper price elsewhere, Healthy1 Pharmacy will give the customer a better price.

Promotions Strategy

The promotions strategy for Healthy1 Pharmacy is as follows:

Healthy1 Pharmacy will create and maintain a company website that is well organized, informative, and lists all the products and services that Healthy1 is able to provide. The website will also list promotions and discounts, informative healthcare articles, and pharmacy-sponsored community events.

SEO/Google Marketing

The company’s marketing director will manage Healthy1’s website presence with SEO marketing tactics so that any time someone types in the Google or Bing search engine “Charleston pharmacy” or “pharmacy near me”, Healthy1 Pharmacy will be listed at the top of the search results.

Social Media Marketing

Healthy1 Pharmacy’s marketing director will also manage the company’s social media presence on several platforms including Instagram, Facebook, Twitter, YouTube, TikTok, and LinkedIn. The goal of the social media strategy is to attract new customers while engaging with current customers to encourage referrals, reviews, and feedback.

Content Marketing/Email Marketing

The company will post blogs and other promotional content on a regular basis with informative health and wellness information to keep people coming back. Healthy1 will post informative content on the website, social media platforms, and through email newsletters.

Professional Associations/Networking

Healthy1 Pharmacy will become a member of professional associations such as the Independent Retail Pharmacy Association, the National Community Pharmacists Association, and the Tennessee Pharmacists Association. The company will focus networking efforts on expanding its customer base.

Print Advertising

Healthy1 Pharmacy will invest in professionally designed print ads to display in programs or flyers at industry networking events, in magazines, direct mailers, and in local newspapers.

The pricing will be lower than competitors so customers feel they receive value when they choose Healthy1 products and services.

Operations Plan

The following will be the operations plan for Healthy1 Pharmacy.

Operation Functions:

Stephen Harris will be the Owner and Lead Pharmacist. He will oversee pharmacy technicians. Stephen has spent the past year recruiting the following staff:
Emily Jackson – Store Manager who will oversee all retail operations, sales associates, supplier relations, and inventory management.
Jessica Johnson – Staff Accountant/Bookkeeper who will provide budgeting, tax payments, and financial reporting.
Tim Thompson – Marketing Director who will provide marketing and sales campaigns for Healthy1 Pharmacy.

Milestones:

Healthy1 Pharmacy will have the following milestones complete in the next six months.

9/1/2022 – Finalize contract to lease the retail space.

9/15/2022 – Finalize personnel and staff employment contracts for the Healthy1 Pharmacy team.

10/1/2022 – Finalize contracts with suppliers.

10/15/2022 – Network at industry events and initiate the marketing and promotional campaign.

10/22/2022 – Begin moving into the Healthy1 Pharmacy storefront.

11/1/2022 – Healthy1 Pharmacy opens for business.

Stephen Harris is a licensed pharmacist with a Doctor of Pharmacy (PharmD) degree and more than fifteen years of experience working in the pharmacy industry. Stephen has been recognized for his commitment to excellence in filling prescriptions accurately and efficiently as well as his communication skills and positive rapport with customers.

Emily Jackson has been a store manager at another retail pharmacy for over a decade and has garnered a positive reputation for her exceptional organizational skills and leadership. Emily has worked in the pharmacy industry for so long, she understands all aspects required in running a successful retail pharmacy.

Financial Plan

Key revenue & costs.

The revenue drivers for Healthy1 Pharmacy are the fees charged to customers in exchange for the pharmacy’s products and services.

The cost drivers will be the overhead costs required in order to staff a pharmacy. The expenses will be the payroll cost, rent, utilities, inventory, supplies, and marketing materials.

Funding Requirements and Use of Funds

Healthy1 Pharmacy is seeking $400,000 in debt financing to launch its pharmacy business. The funding will be dedicated towards securing the retail space and purchasing equipment, inventory, and supplies. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and marketing costs. The breakout of the funding is below:

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

Number of prescriptions filled per month: 2,000
Average fees collected each month: $50,000
Retail lease per year: $100,000

Financial Projections

Income statement, balance sheet, cash flow statement, what is a pharmacy business plan.

A pharmacy business plan is a plan to start and/or grow your pharmacy business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your pharmacy business plan using our Pharmacy Business Plan Template here .

What are the Main Types of Pharmacy Businesses?

There are a number of different kinds of self storage business , some examples include: Pharmacy, Home Care Pharmacy, Mail Order Pharmacy and Compounding Pharmacy.

How Do You Get Funding for Your Pharmacy Business Plan?

Pharmacy businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Pharmacy Business?

Starting a pharmacy business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Pharmacy Business Plan - The first step in starting a business is to create a detailed pharmacy business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your pharmacy business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your pharmacy business is in compliance with local laws.

3. Register Your Pharmacy Business - Once you have chosen a legal structure, the next step is to register your pharmacy business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your pharmacy business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Pharmacy Equipment & Supplies - In order to start your pharmacy business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your pharmacy business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

Learn more about how to start a successful pharmacy business:

How to Start a Pharmacy Business

Where Can I Get a Pharmacy Business Plan PDF?

You can download our free pharmacy business plan template PDF here . This is a sample pharmacy business plan template you can use in PDF format.

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How to Write a Business Plan in Kenya (+ Free PDFs)

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Last updated on May 29th, 2023 at 06:24 am

There is a system you can use to write a business plan in Kenya that streamlines the entire process.

By using this system, not only makes the writing process faster and simpler but also way more useful in a really practical way.

If you want to organize your business and start strategically increasing your profits and growing towards your goals, then keep reading this guide.

This business plan has six main sections and I’d recommend that you start by scribbling your ideas for each on a separate blank piece of paper.

Once you get your ideas worked out, you can create one cohesive document.

How to Write a Business Plan in Kenya

Now, the six pages of your business plan in Kenya are

Product
Production and Delivery

Let’s look at each of these pages, shall we?

Page #1. Overview

The first page of your business plan will be an overview.

It is going to give a basic understanding of what your company does and the structure of your business.

Now, on that first overview page of your business plan, you want to include

Your business structure
Location, that is where you do business and also
A brief description of exactly what your company actually does.

The next piece of information for your company’s overview is your business’s mission, which is really important.

Here is why;

The business mission is the driving force behind your business plan in Kenya.

It is what all your plans are focused on achieving and if you don’t have a mission’s like trying to make plans to reach a goal without having the goal.

So make sure you don’t skip this step.

The final component of the overview page is your chart of accountability.

This chart describes who is accountable for which of the major tasks involved in running the business.

And the three main areas of accountability in most businesses are

Sales operations
Finances

Page #2. Message

The second page of your business plan in Kenya will focus on outlining your company’s message.

If you want your business to be successful, you MUST have a clear idea of;

What message you are working to communicate to your customers,
Who are those customers
How do you fit into their lives and
How can you help them solve a problem that they are facing and create a result that they are looking for.

Here are the questions that you will want to answer on this page of your business plan

What problem does your company solve for your customers
What result does your company create for those customers
How does your company create those results
Who does your company serve
Why do you do what you do
Why should your customers choose you over your competition
What is your company’s step by step plan for creating those results for the customer or what is your proprietary system

This both helps to answer the question of what sets you apart from your competition

It also shows your customers how you are going to create those results that you are promising.

By making this clear, you are instilling confidence in your ability to create the results.

Page #3. Marketing

Let’s talk about the third page of your business plan.

This page focuses on marketing and generating sales.

First, you will want to define your target market by their demography and psychographics.

Demographics are attributes such as their age, income, where they live.

On the other hand, psychographics has to do with their interests, desires, and fears.

Here, you will also want to include an estimated size of your target market .

More importantly, where you have identified that you can find groups of those target customers.

Here is a little big hint;

If you haven’t yet figured out where you can find groups of those customers be it online or off, you are probably going to have trouble successfully marketing your product or service.

So if you come to this part in the business plan and don’t know what to put here, stop and do some digging.

Make sure that YOU can find this customer you have defined here.

If you can’t, you might want to consider redefining that target customer and pivoting your marketing position.

The final three pieces of information that you can include on this page of your business plan are

Your visibility strategy. This explains how people will first learn about your brand and your products
Your lead generation strategy, which explains how you will establish contact with the people who have discovered your brand
Your conversion strategy, which is essentially your sales strategy. Explain how you will turn those leads you’ve generated into paying customers.

Here is a quick heads up;

As you are working through this business plan, it’s more than likely that you won’t know the answers to all of these questions.

And you won’t have all these things figured out yet.

I just want to let you know that that is completely alright.

And actually, one of the main purposes of writing your business plan is to become aware of things you haven’t thought about yet or haven’t figured out.

Because only once you are aware of what you don’t know, you will be able to think through it.

Don’t put off writing the business plan in Kenya just because you don’t know everything yet.

Rather, write the business plan so that you can get very clear on exactly what you know and need to figure out.

Page #4. Product

This page describes the product or products that you sell.

To clarify, a product could be a physical product or a digital product or service.

I highly recommend that you choose just one product as your business’s primary product.

You might be selling several different things, so determine what your main product is that you are going to center your business’s marketing message around.

Many different parts of your business development will be much easier if you do have one product that is the focus.

Now, on this page of the business plan, start by identifying

what that product is and then
describing the result that the product creates.

Here’s a little SECRET;

What your business sells is really the result your product creates not the product itself.

After describing the results, describe the impact the product creates.

This is different than the result itself.

It’s instead how the customers’ life is affected by the result of the product.

For example;

If your product is a vacuum cleaner, then the result the product creates is clean floors.

But the impact of the product is that your prospect feels better about the state of their house.

Now they have a cleaner, healthier living environment and perhaps feel more confident inviting some company.

Once you have described those three things for your main product, you can move on to other products that your company sells and do the same.

Page #5. Goals

The final page of your business success plan has to do with your goals.

If you have looked at any examples of business plans in the past or read a guide on how to write a business plan in Kenya, you might have seen a section that focused on projections.

sales projections or
new customer acquisition projections, or
market share projections

And if you’ve tried to write a business plan in Kenya in the past and you tried to write this section, you may have found it very difficult.

Chances are that is because you are running a small business in Kenya or maybe you have just started your business.

Truth is, it is really difficult to make accurate projections or projections at all for that matter if you don’t have any data to base them on.

And that is why I’d recommend that instead of trying to create projections, you simply set goals if you are just starting your company or have only been in business for a couple of years.

You can decide exactly how long you want to make your goals for.

But a good place to start would be to set some one-year goals and also some five-year goals.

This way you know what you need to work on right now but you also know where you are aiming long term.

For each time frame, you can set whatever goals you’d like.

However, some that I might recommend;

number of sales total revenue
Profit
impact in terms of the number of customers who you help or how wide you spread your message and
Development, could be the extent to which you have advanced the product that you create and offer or to what extent you have built your company.

And of course, when setting goals, it is always important to set specific, measurable goals and a deadline for when you plan to reach them.

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Final thoughts on creating a business plan in Kenya

All right, that is everything you need to include in your business plan in Kenya.

As you can see, they are simple pages and you probably already know most of the information that will be going into this business plan.

There are many other pieces of information that you may want to include in your business plan

You are more than welcome to include any relevant information that describes how you successfully run you and how you plan to reach your goals.

Here is my final piece of advice for you;

Make sure that you don’t overcomplicate things.

More words are not better.

In fact, your business plan in Kenya will be the most useful if you keep it short and relatively simple.

If you write a document that’s 20 40 or more pages long, chances are high that nobody will ever go back and read it again.

A business plan is a written document that describes your business, its objectives and strategies, and how you will achieve them. It outlines your marketing plan, financial projections, and operational procedures.

A business plan is important because it helps potential investors or lenders understand your business concept, objectives, and strategies. It also gives an overview of the financial viability of the business and helps you analyze potential risks.

A business plan should include a summary of your business concept, products and services, market segment, target consumers, marketing plan, financial plan, including cash flow statement, balance sheet, profit and loss statement, and sales forecast, operational procedures, personnel, infrastructure, and ownership.

The cost of writing a business plan varies depending on the complexity of the business and the depth of the analysis required. On average, it can range from KES 10,000 to KES 50,000.

Every business owner, whether an established entrepreneur or a startup, should write a business plan. It is a crucial document required to give potential investors an overview of the business and its financial viability.

To attract an investor with your business plan, you need to clearly define your business concept, market segment, target consumers, and marketing plan. You should also provide financial projections, including the required investment and the expected return on investment.

The purpose of a financial plan in a business plan is to provide an overview of the business’s financial viability. It includes cash flow statement, balance sheet, profit and loss statement, and sales forecast.

To write a marketing plan for your business, you’ll need to analyze your market segment, determine your target consumers, and define your promotional, advertising, and sales strategies to attract and retain them. You should also set objectives and strict budgets for your promotion and advertising activities.

You should update your business plan constantly to reflect changes in your business environment, like increased competition, new regulations, or changes in your products or services. You should review and update it at least once a year, or whenever significant changes occur.

A profit and loss statement is a financial statement that shows the revenues, expenses, and net income or loss of a business for a specific period, usually monthly or annually. It helps business owners analyze their profit margins and identify areas where they can cut costs and increase revenue.

Yes, every business needs insurance to protect its assets, employees, and customers. You should consider insurance options, like liability insurance, property insurance, or workers’ compensation insurance, depending on your business operations and risks.

3 Responses to “How to Write a Business Plan in Kenya (+ Free PDFs)”

Yoh. This was great content. I will apply it on my business and see the results. Thanks a lot.

Yes Chris, glad you found it valuable.

Pharmacy Business Plan Template

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Get the most out of your business plan example

Follow these tips to quickly develop a working business plan from this sample.

1. Don't worry about finding an exact match

We have over 550 sample business plan templates . So, make sure the plan is a close match, but don't get hung up on the details.

Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.

2. Remember it's just an example

Our sample business plans are examples of what one business owner did. That doesn't make them perfect or require you to cram your business idea to fit the plan structure.

Use the information, financials, and formatting for inspiration. It will speed up and guide the plan writing process.

3. Know why you're writing a business plan

To create a plan that fits your needs , you need to know what you intend to do with it.

Are you planning to use your plan to apply for a loan or pitch to investors? Then it's worth following the format from your chosen sample plan to ensure you cover all necessary information.

But, if you don't plan to share your plan with anyone outside of your business—you likely don't need everything.

More business planning resources

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How to Start a Business With No Money

How to Write a Business Plan

10 Qualities of a Good Business Plan

How to Write a Business Plan for Investors

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A copy of enrolment certificate by Pharmacy & Poisons Board of Kenya for the superintendent pharmaceutical technologist. Floor plan of the premise. The recommended equipment's must be in place. A copy of the recommended Reference books at the premise. The board shall then review the application forms and documents.
How to Start a Chemist Business in Kenya
The chemist business is a profitable venture in Kenya, as the demand for medication is always high. Chemists are essentially small pharmacies that sell medications, medical supplies, and other healthcare products.
How to Start a Chemist Business in Kenya
Requirements for starting a chemist business in Kenya include registration with the Pharmacy and Poisons Board (PPB), obtaining a business permit from the County Government, hiring qualified personnel, and stocking the shop with a variety of medicines and medical supplies. The pharmaceutical market in Kenya is estimated to be around KES 100 ...
What it takes to set up a pharmacy enterprise in Kenya
Standard Group Plc HQ Office, The Standard Group Center,Mombasa Road. P.O Box 30080-00100,Nairobi, Kenya. Telephone number: 0203222111, 0719012111
Start A Pharmaceutical Company In Kenya
There are 3 major categories to choose from when looking to Start a pharmaceutical company in Kenya. They include; The pharmaceuticals industry in Kenya is worth over $500 million and is expected to grow at a compound annual growth rate (CAGR) of 11.8%. Prescription drugs account for around 78% of the market.
PDF Dispensing The Cash
A Chemist Retail Business Guide Page 1 . Page 2 Contents ... The very specific law is the Pharmacy and Poisons Act 244 of the laws of Kenya, which also establishes the Pharmacy and Poisons Board (PPB). PPB examines and registers pharmacists ... You need have a plan for that, if you opt for the monthly payment
How To Set Up A Pharmacy Business In Kenya
Below are the costs of the Retail Pharmacy Application: Annual Practice License - 2,500 Kenyan Shillings. Premises Registration - 5,000 Kenyan Shillings. Please keep in mind that the above costs apply to both Pharmaceutical Technologists and Pharmacists who a looking to start their own Retail Pharmacy business.
How to Start a Pharmacy Business in Kenya
Requirements for starting a pharmacy business in Kenya. Academic certificates (a diploma or degree) of pharmaceutical Technologists and testimonials. Registered your business as a sole proprietorship, company, or partnership. Have an enrollment certificate from the Pharmacy and Poison Board of Kenya; Chemist premises floor plan
Strategic Plan 2020
Strategic Plan 2020 - 2025. Globalisation has made the world more interconnected and with it the benefits and challenges of the digital era. That these will become more pronounced with the Fourth Industrial Revolution and impact all aspects of the socio-economic and political context of Kenyans cannot be overstated.
How to Start a Chemist Business in Kenya
Requirements. Registered business either by a sole proprietorship, partnership, or limited company. Application in writing for registration of premises and filling of the prescribed forms. Copies of academic certificates of the superintendent pharmaceutical technologist. A copy of diploma/degree certificate in pharmacy must be included.
Requirements to Open a Pharmacy in Kenya
A copy of Diploma certificate in Pharmacy must be included. 3. A Copy of Enrolment Certificate by Pharmacy & Poisons Board, Kenya, for the superintendent pharmaceutical technologist. For sole proprietorship. A Copy of Certificate of registration of company name (Form BN/3) from the Registrar of companies, Attorney General's office.
Sample Chemist Business Plan
Sample Bookshop Business Plan in Kenya. This is a simple, clear and easy to understand business plan sample about a bookshop. Contains all the necessary information needed. EXECUTIVE SUMMARY BUSINESS DESCRIPTION The business owner... Price: KES : 150. Download; Sample Bakery Business Plan in Kenya. This is a business plan for a bakery.
How To Register and Operate a Pharmacy/Chemist in Kenya
To operate a chemist/pharmacy in Kenya is not easy, this is because of many licensing procedures you should follow before you set up the business. Pharmaceutical business is one of the most profitable business ventures in the world, and in Kenya. In a single day, the average profit of a single chemist in Nairobi is Ksh 4,000-Ksh20, 000 ...
Pharmacy Business Plan Template (2024)
A pharmacy business plan is a plan to start and/or grow your pharmacy business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections. You can easily complete your pharmacy business plan using our Pharmacy Business Plan Template here.
How to Write a Business Plan in Kenya (+ Free PDFs)
Chemist Retail Business Guide Download. Chicken Butchery Business Plan Download. Corn Chips Snacks Business Plan Download. ... In fact, your business plan in Kenya will be the most useful if you keep it short and relatively simple. If you write a document that's 20 40 or more pages long, chances are high that nobody will ever go back and read ...
Free Pharmacy Business Plan Template + Example
1. Don't worry about finding an exact match. We have over 550 sample business plan templates. So, make sure the plan is a close match, but don't get hung up on the details. Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.
BUSINESS PLAN.docx
Kenya Medical Training Centre (KMTC) BUSINESS 2222. pharmacy-business-plan-example.pdf. University of the South Pacific, Fiji. MANAGEMENT 303. SOPHIA BUS 3062 Milestone 1.docx. ... View Essay - 116375529-Pharmacy-Business-Plan.docx from BUSINESS E 101 at Synergy Unive... essay. Wk 3 - Practice Topic 8 - Assessing How Well Companies Manage Their ...
PDF Plan your Business FOR SHARE
This toolkit is freely available to entrepreneur in Kenya and is structured in an easy to unders manner to enable you get the information they need in one place. The toolkit is broken down into for key business development stages and enumerates the regulatory requirements as well as identifies key regulators within each stage. Plan Your Business.
BUSINESS PLANS FOR KENYAN ENTREPRENEURS
HOW TO START A WINES & SPIRITS BUSINESS IN KENYA.PDF.pdf. BUSINESS PLAN- DAIRY FARMING.pdf. CYBER CAFE BUSINESS PLAN.pdf. Time Management - Mind Tools' Essential Skills.pdf. . Coffee Shop Business Plan-Diploma.pdf. .