The Community Pharmacist Blog

Pharmacy shelves_blurred_wide

Developing a Clear-Cut Exit Strategy

Posted by Benjamin Coakley on Wed, Sep 13, 2017 @ 09:30 AM

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

Topics: community pharmacist, pharmacy exit strategy, community pharmacist independence, community pharmacy exit strategies, exit planning

Guest Blog - Independent Pharmacies and Social Media Marketing

Posted by Rice's Pharmacy on Tue, Aug 22, 2017 @ 08:55 AM

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

Topics: community pharmacist, community pharmacist independence, social media, pharmacy marketing

3 Back-to-School Tools for Pharmacy Owner Success

Posted by Benjamin Coakley on Wed, Aug 09, 2017 @ 08:55 AM

Driving your pharmacy’s success is like driving a school bus on a busy back-to-school day.

Read More

Topics: community pharmacist, community pharmacist independence, pharmacy key employee evaluator, investment policy statement, inspired goals

What's Your Plan for Independence?

Posted by Benjamin Coakley on Fri, Jul 07, 2017 @ 01:46 PM

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

Topics: community pharmacist, community pharmacist independence, bucket list, monte carlo planning, personal retirement

What We Learned in Chicago these Past Three Weeks

Posted by Benjamin Coakley on Tue, Jul 26, 2016 @ 07:46 PM

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

Topics: community pharmacy owner, community pharmacist independence, pharmacy patient experience