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Posts Tagged 'starting a pharmacy'

First Contact

Yesterday I called McKesson, the biggest drug wholesaler in the US.  I spoke with two different people to get the contact info of  a new accounts manager for my area.  Getting that number was more difficult than I expected.  I thought all you had to do was google “McKesson new account” and you would get a list of contacts sorted by territory.  No my friends.  You have to pick a number and go from there.  But the ladies that I spoke with were great and were more than willing to help me.  Thank you ladies!

Now that I have the number I’ll call to schedule a meeting and see if he would be able to help me with location analysis.  I have a couple of locations in mind, one of which is located in a corner with CVS, Walgreens, and Walmart each occupying a corner.

NCPA Pharmacy Ownership Workshop

Just got through with the 3 day workshop.  Lots of useful information and insight to make the process of starting a pharmacy easier.  The instructors were not academians, but were pharmacists who have gone through the steps of starting and operating a successful pharmacy–some have even repeated the process dozens of times.

I received a detailed pharmacy business plan that I could use as a model for mine.  The financial statements alone would save me days worth of research.   The great thing about the pharmacy industry is the availability of financial data.  It makes putting together a great business plan easier, which improves the chances of getting a bank loan.

I also met a lot of pharmacists who have been thinking about starting a pharmacy but need that little nudge to encourage them forward.  Before the workshop, most attendees were 50% sure that they will start a pharmacy in the near future.  After, most attendees–me included–were at least 90% sure.

The take away from the workshop was that it’s not an easy process.  But if you are motivated and determined, then you will achieve your goals.

Follow Through!

Ever wanted to do something but didn’t have the courage to follow through with it?

For years, I’ve been thinking about starting my own pharmacy–I’ve been a pharmacist since 2003.  Every day I would think about how great it would be to own a pharmacy.  I could make my own policies; make my own schedule; make lots of money.

But I kept thinking about all of the negative “what if’s”.  What if I open and no customers come in?  What if Rite Aid opens across the street from me and steals all of my customers?  What if I fail and loose all of my money?

The experts call this “paralysis by analysis”.  This is exactly why 99% of us spend most of our lives using our talents to make others rich (i.e. your bosses).  We are afraid to try anything because we FEAR failure.  Nobody wants to fail.  So we end up not trying at all.  No more for me.  I’ve had enough of this rat race.

Follow me as I take you on a real-time journey from having a job–making my bosses rich–to having a business–making me rich.  I will outline the steps I take to start my pharmacy and give you enough details to start your own (if that’s what you’ve been mulling over day and night).

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