Once you reach a certain point in your life, you start looking ahead and thinking about life after pharmacy. For business owners, it becomes a bigger challenge because it’s not just about you, but making sure you leave your company in a good place; both financially and from a management/new ownership standpoint.Read More
The Pharmacy Ownership Guardian
Some say engaging your business in social media marketing is just jumping on the bandwagon. Everybody’s doing it so you should, too. But what’s the real value and how does that look for us as pharmacies?Read More
Driving your pharmacy’s success is like driving a school bus on a busy back-to-school day.Read More
As we spend this month celebrating our independence, take a moment to think about YOUR independence. What is your plan for your life after pharmacy?Read More
Trade shows are great for many reasons and not so great for a few. Some of the reasons they are great are they bring people together to discuss new ideas, you get to see old friends you haven't seen in a while, and the destinations are usually first class. The reasons they are not so great are they are extremely hard work, you learn so many new things it is often hard to prioritize them, and they are extremely hard work.
The Waypoint team prides itself on going to these tradeshows because it is a great honor to be invited and at the same time it allows us to be the eyes and ears for the community pharmacy owners who are not able to attend.
With this being said, we normally stumble across several ideas or observe certain things that are helpful for independent community pharmacy owners. We attended two of the largest tradeshows in Chicago over the past month and what we learned/observed may surprise you. Below is a list of those things.Read More
The Statue of Liberty was a joint effort between France and the United States, intended to commemorate the lasting friendship between the peoples of the two nations. Today, it remains an enduring symbol of freedom and democracy, as well as one of the world’s most recognizable landmarks. Nothing symbolizes independence more than America's Great Lady. Read More
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.
Tags: community pharmacy owners, succession development, creative thinking, community pharmacist independence, community pharmacy employees, pharmacy key employee evaluator, community pharmacy exit strategies, family business
As many of you know, we recently attended the NCPA National Conference in Orlando. We learned and experienced many different things while there. We even were blessed to see former President Clinton speak. After time to decompress from all the information, we concluded that there were three important insights we needed to share from the conference.
Some scientists spend their whole life searching the cosmos for the existence of life. They spend countless hours gazing through telescopes or listening for radio signals from galaxies light years away. They push themselves to the limits of their entire being all because they believe it actually exists. I bet you think I am writing about extraterrestrial life.
Our ability to take great care of the independent community pharmacists we work with is driven in a large part by our process of continuous discovery. At the beginning of every relationship, we use a formal discovery process to assess our new client's current situation in a number of key areas. Among those areas is the strategy they use to manage their assets.