Is a drug store still having a good prospect in the future? Nothing can answer it exactly because there are so many factors if we see more detail about it. The market demand, tight competition with other competitor, supply chain, location and advertising are some factors to see the future light for this business.
Maybe the market demand is still climbing follow the need of human population, but there is big resistant from other competitor and the way become harder than before. Let say when we hold official license to sell Fenphedra, then there is another big company suddenly sell the same drug with lower price, off course this will hit us. Yes, may be we can still handle it give good service to our dealer or distributor but it can’t stop our competitor’s steps. The competition already begins and will never stop until one of them become bankrupt.
So perhaps we always stay beware even our drug store still stay in the high level of sales right now.
Tags: business, habit, investment, mangement, protection, small business