When starting a pharmacy business, it can be quite overwhelming how many different roles the owner needs to play. Small business owners must wear multiple hats. Your hats may not fit well in the business if there are too many, and new business owners face challenges they don’t often see coming. The Hats: Owner Manager
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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 depends on that income to survive? Be warned, the owner
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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 to the community health partners 4. Get out
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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 he was at the end of
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