The Pharmacists First Guardian

Pharmacy Junior Partnerships: 3 Essentials of a Pharmacy Career Path

Posted by Rick Coakley on Wed, May 22, 2013 @ 03:54 PM

Pharmacy junior partnerships can be great opportunities for increasing the chances of your pharmacy surviving long after you are enjoying an inspired life after pharmacy.  However, many community pharmacy owners think simply finding a junior partner is all it takes.  The fact is, finding one is just the beginning.

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Tags: community pharmacy owner, life after pharmacy, junior partner, pharmacy junior partner, pharmacy junior partnerships

3 Things Every Pharmacy Junior Partner Should Know

Posted by Benjamin Coakley on Fri, Aug 24, 2012 @ 10:07 AM

When you go to any theme park these days, outside the more thrilling rides there is always a sign.  It says something like, "Please do not ride this ride is you currently have a heart condition."  The same can almost be said about owning a pharmacy in today's economic environment.  Owning a pharmacy can be a rollercoaster ride with many ups and downs.  However, it also can be one of the most rewarding decisions people can make.

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Tags: pharmacy succession, junior partner, pharmacy junior partner

Pharmacy Junior Partners: 4 Benefits to the Community Pharmacy

Posted by Benjamin Coakley on Fri, Aug 10, 2012 @ 05:30 PM

When it comes to exiting the pharmacy, there is no shortage of options.  These range from transitioning to a pharmacy junior partner to selling to a chain store.  Most community pharmacists would rather keep the pharmacy independent, so selling to the chain typically is the last option chosen.  This article will be focused on the pharmacy junior partner and the benefits associated with them.  If executed properly, transitioning to a junior partner can be extremely positive for the pharmacy, current staff of the pharmacy, and the surrounding community.  This is such a viable option that the National Community Pharmacists Association is actively promoting this as an option for exiting a pharmacy. 

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Tags: pharmacy exit planning, pharmacy succession, junior partner, exit planning