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Today I bring you another post from my friend Alex Barker. Thanks for sharing Alex! Your pharmacy story wasn’t supposed to go this way. When you ventured into pharmacy, you imagined a great salary and rewarding work; a worthwhile return on your investment of time and money. Disillusionment was never...
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A guest post by my friend Alex Barker! Job transition is enjoying a revolution of sorts. Employers no longer expect employees to stay with a company for dozens of years, and employees no longer expect to stay put. A recent study by LinkedIn found that over the last 20 years, the number of...
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We have come this week to the final installment in this very informative series by experts Lawrence Barrett and Thomas Craft on the topic of a Buy-Sell Agreement. Many thanks to these gentlemen and their work at the Independent Pharmacy Consulting Group. I sincerely encourage any readers who are pharmacy...
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For pharmacists interested in the possibility of pharmacy ownership, they quickly discover that there is a lot to learn beyond what pharmacy school taught us. The good news is that you don’t have to learn it all by yourself. That’s why I’ve been grateful to share some of the expertise...
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We have been talking for several weeks with Lawrence Barrett and Thomas Craft about the importance of what is known as a Buy-Sell Agreement, typically drafted when multiple partners (or interested parties) are involved in the ownership or disposition of a pharmacy business. When 1 party needs to obtain the...
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An independent pharmacy or chain of pharmacies is likely to be the single biggest investment of an owner’s life. When multiple owners or interested parties are involved, nothing is more important than planning for unexpected events. Even expected transitions such as retirement or the transfer of...
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It is with great pleasure I welcome Thomas Craft and Lawrence Barrett from Independent Pharmacy Consulting Group back to share with us their second article on an extremely important topic to pharmacy owners, or anyone considering pharmacy ownership. Their first article about why owners need to have a...
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Pharmacy owners typically pour themselves, heart and soul, into the success and growth of their business. It’s hard work that often involves long hours and great sacrifice. But they love their patients and are willing to endure all this to bring to their communities an array of services designed to...
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One of the privileges I enjoy as a pharmacist and manager is the opportunity to work with upcoming pharmacists as a preceptor in conjunction with our local college of pharmacy. I treasure these opportunities to talk about pharmacy, both the clinical and business side of things, as well as work with...
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The following is a guest post by Dora Haar, a pharmacist and consultant with Pharmsaver, a unique and innovative solution for helping independent pharmacies manage their purchasing expenses and improve margins. adsenseyu2 Dora thanks for sharing this valuable information with my readers here at The Honest...
