Why do pharmacies fail?
A high number of new pharmacies go out of business within 3 years. Why does this happen to so many wonderful people in pursuit of their life-long dream?
The answer to these questions will amaze you!
“Did you learn about marketing and business in pharmacy school?” “No.”
“How did you select the location for your pharmacy?” “Cheap rent.”
“What business model did you select?” “Not sure.”
“Did the person who told you “you can do this” ever own a successful business?” “Nope.”
“What is your break-even point or when will your reserve funds diminish?” “I don’t know.”
“Are you sitting in your pharmacy wondering why no one is coming in?” “Yes.”
“Why would anyone drive by 3 pharmacies to see you?” “I’m a good pharmacist.”
It’s a shame to see all those years of desire, hopes and dreams to go down the tubes. Funny thing is… it’s completely avoidable.
Feel free to contact me for a free 45 minute consultation.
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