The Pharmacists First Guardian

Who was your valentine this year?

Posted by Benjamin Coakley on Fri, Feb 17, 2017 @ 03:37 PM


Traditionally, Valentine’s Day has been reserved for couples. But this year, we want you to think of it differently. Your year-round valentine in the pharmacy is someone or something that loves you back. As an example, PBMs are probably NOT your valentines.

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Tags: pharmacy contingency plan, succession development, exit planning, written goals, pharmacy owner

The 5 best ways to keep your pharmacy New Year's resolutions

Posted by Benjamin Coakley on Wed, Jan 25, 2017 @ 09:45 AM


Keeping New Year’s resolutions is difficult for everyone – especially when they revolve around your pharmacy and livelihood. The stakes are higher and the pressure to succeed is significantly greater than resolutions pertaining to yourself. So, why is it that setting and achieving goals for your pharmacy year after year is such a difficult task?

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Tags: pharmacy contingency plan, succession development, exit planning, written goals, pharmacy owner

Three Questions Community Pharmacy Owners Must Ask

Posted by Benjamin Coakley on Wed, May 28, 2014 @ 05:08 PM

Maintaining a hectic pace and managing to succeed in the face of constantly changing and increasingly challenging circumstances is “situation normal” for practically every independent pharmacy owner we work with.

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Tags: community pharmacy owners, succession development, creative thinking, community pharmacist independence, community pharmacy employees, pharmacy key employee evaluator, community pharmacy exit strategies, family business

Succession Development: The Changing Community Pharmacy Owner's Role

Posted by Benjamin Coakley on Tue, Feb 11, 2014 @ 10:09 AM

Transitioning into life after pharmacy can be a scary thing for most community pharmacy owners. Among the many reasons it frightens owners, the realization their role(s) will change as they begin the transition out of the pharmacy is perhaps the most daunting. Our clients often tell us they are worried about losing their identity and the respect of their employees, customers and other members of their community when they begin this process.

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Tags: community pharmacy owner, community pharmacy succession, succession development

Why Succession Planning for Pharmacy Owners has become obsolete

Posted by Benjamin Coakley on Wed, Jan 29, 2014 @ 10:52 AM

Succession planning should, theoretically at least, start from the moment you make the leap to become a community pharmacy owner. In the land of fairies and unicorns, this would happen every time. But, reality is much different and this usually never enters the minds of pharmacy owners until they are ready to get out.

It has been our experience that when owners want out of pharmacy, they want it sooner than later.

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Tags: community pharmacy owners, community pharmacy succession, succession development