The Pharmacists First Guardian

Pharmacy junior partnerships: 2 ideas to kickstart the process

Posted by Benjamin Coakley on Mon, Sep 24, 2012 @ 08:56 AM

There are many issues and concerns involved with implementing a successful pharmacy junior partnership.  However, there are a few primary issues. One of the main primary issues is the lack of communication between the senior pharmacist and the junior partner candidate.  The following story plays out time and time again when we ask about potential junior partnerships.

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Tags: pharmacy exit planning, pharmacy junior partnerships, pharmacy junior partners, succession

3 Tips for Creating a Succession Plan for a Community Pharmacist

Posted by Benjamin Coakley on Fri, Jul 27, 2012 @ 09:59 AM

As the community pharmacist baby boomer generation continues it's inevitable march towards life after pharmacy, creating a pharmacy succession plan is becoming more of a focal point for them.  However, many pharmacists do not understand how comprehensive a succession plan should be.  The comprehensive nature of succession planning is due to the magnitude of importance to most community pharmacists.  Many of them are counting on the proceeds from the sale of the pharmacy to help support their life after pharmacy which makes this one of the most vulnerable times in their pharmacy lives.  The following are three very imporant tips for creating a successful pharmacy succession plan for a community pharmacist.

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Tags: community pharmacist, pharmacy succession, succession, written goals