Previous blogs we have talked about the issues you need to contend with when buying a pharmacy (So You Want to Buy a Pharmacy? and Pharmacy Partnerships – What you need to Know). For most young pharmacist’s keen on ownership, the most common and likely affordable entry point is buying a share of the pharmacy they work in.
As business owners we should never pretend to know everything.
You need to know when to let go. Some pharmacy owners like to control everything, thinking the only way it will get done properly is to do it themselves. However, that mindset can lead to issues of no adaptation, systems becoming outdated, lack of compliance, inefficiencies and so forth.