I’ve got an idea to make a net profit of 75k in 12 months It’s got nothing to do with filling out forms or making to-do lists that will never get done or make patients magically appear in your pharmacy. When was the last time you actually planned…
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Expanded role for pharmacist can close the primary care gap. Ok, so we all have been hearing about this for sometime now. Last week the Advisory Council on the Implementation of National PharmaCare program met with the Neighbourhood Pharmacy Association of Canada….
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Don’t become the living dead! This week, I learned that some pharmacy businesses are so close to becoming a zombie-ish business. Wake up! Why are small pharmacy owners so reluctant to the change they need to make to protect their business and the family that…
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1. Invest time, energy and effort in people: You are in the people business but just happen to sell medication. 2. Make clear goals on Rx count: Know exactly what your Rx count will be in 12, 18 and 24 months 3. Identify opportunities: Introduce your services…
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What services do you get from your pharmacy company for the fees that are charged? You have chosen a pharmacy company’s banner to fly as the name of your company. Now let’s examine the fees you will be paying and the service you will get for it. Banner…
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Take the pulse of your business… Yesterday I spoke with a pharmacy owner who was so lost in his own thoughts about success that he forgot to take the pulse of his business on a regular basis. He kept taking a salary out of his business without knowing where…
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…, not an idea that will take a 100k investment to net 20k a year for 5 years. Time and time again I hear pharmacy owners telling me that the company they are with are offering them services, apps, programs and drop ships without a real sales strategy to measure…
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Transparency is supposed to build trust and understanding of what the company is facing internally. In today’s world, the word is more or less a marketing buzz phrase that is designed to make you think something is being done about your anxieties. In its simplest…
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