For many, owning a pharmacy is the culmination of a life-long dream. It’s an opportunity to give patients the highest levels of care; to become a trusted member of the community; to have control over the pharmacy’s operations; and to hopefully achieve financial success. Indeed, pharmacy ownership offers many bright benefits.
For one thing, a pharmacy owner must wear many hats – pharmacist, accountant, counselor, employer, marketer, purchaser, compliance officer – to name a few. A critical first step is for a potential owner to understand all aspects of pharmacy ownership. This includes not only the fundamentals of running a business, but awareness of the many requirements unique to the operation of a pharmacy.
A few tips:
- How to do Your Research
- Build a Team of Experts
- Understand Financing Options
- Ensure Full Regulatory Compliance Ahead of Time
- Select the Ideal Pharmacy Technology System