The Pharmacists First Guardian

Community involvement: good for your town, your pharmacy and you!

Posted by Matt Coakley on Mon, Sep 30, 2013 @ 08:50 AM

Among the many reasons we love taking care of independent community pharmacists is they represent all that is great in small town America. Few, if any other community members are as entrepreneurial, work as hard, or are more dedicated to the community than owners of a hometown pharmacy.

While it may seem I am preaching to the choir, our very best clients have found getting more involved in the community where they do business – and on many cases – where they live, is a great way to meet more people and, indirectly, increase their customer base.

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Tags: community pharmacy owner, community pharmacist, community pharmacy benefits, Community Pharmacist Lifecycle, business, vision, profitability, pharmacy value, family business owner, family business, behavioral economics

3 Helpful Hints to Pharmacy Exit Planning

Posted by Benjamin Coakley on Wed, Aug 01, 2012 @ 10:17 AM

Pharmacy exit planning (pharmacy succession planning) is a natural stage in the Community Pharmacist Lifecycle.  However, this also happens to be one of the scariest and most challenging stages community pharmacists face.  The reason this is challenging is because everything has to come together at one time in order for a community pharmacist to successfully exit the pharmacy.  This creates uncertainty because most pharmacists are trained at helping patients rather than being trained in exiting the pharmacy.  The following are some helpful hints to help think about pharmacy exit planning and to reduce some of the uncertainty associated with this stage of the lifecycle.

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Tags: community pharmacist, pharmacy exit planning, vision, exit planning