The Community Pharmacist Blog

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The Succession Scorecard

Posted by Rick Coakley on Tue, Mar 13, 2018 @ 09:09 AM


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Welcome to your future… it begins today!


Graduation.jpeg Whether you are looking to begin your life after pharmacy in the next 1, 3, 5 or 10 years, it is NEVER too early to start thinking about a plan for the transition. Succession planning means taking advantage of all opportunities available to you: inside, outside and after your life in pharmacy, and it means planning for success: today, tomorrow and for years to come.


No matter where you are in your career as a pharmacy owner, it is time to start planning for your future. That's because setting and working towards your succession goals immediately inserts greater focus, purpose and meaning into every action you take, every strategy you employ, and every expenditure of your precious time, energy and resources.


Goal setting does not work… unless you have a system in place.


Unfortunately, we have come across a large number of pharmacy owners who have waited to start planning until the moment they are ready to leave - forcing them to work longer than what they would like in order to ensure a smooth transition. DON'T LET IT HAPPEN TO YOU!


The Succession Planning scorecard below will help you to form the foundation of a proven system for achieving your goals. Working through each one and revisiting them on a regular basis will accelerate your progress, enable you to find more time for what’s important, and help you achieve inspired independence: inside, outside and after your life in pharmacy.


Keeping score

To help you more clearly understand your current situation, rate your reaction to each pair of phrases.

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To find new opportunities, ask, “What can be done to improve this score?”


For assistance with your plan or for questions or concerns, click the button below to talk with one of our advisors today!


Contact TransitionsRx


Topics: succession development, exit planning, Blog