One of the wisest men I ever met told me something extremely important earlier this year. He said that every year during the holiday season, he goes away (for him it is hiking in the mountains where he has no cell phone signal) and spends an entire day reflecting on all the things that happened to him that year. He said that he always comes out of that day very thankful for his life because he realizes all his blessings. He also said that he is able to see the difference he makes in this world. I found myself asking the question, "Why doesn't everyone, and particularly pharmacy owners, do this?" I believe the answer to this question revolves around the facts that it is difficult to do and some people don't want to know these things because they are scared of what they might be.Read More
The Pharmacy Ownership Guardian
Our most recent series of blogs has been structured around the concept of time and pharmacist time management. I personally believe that time is something many people take for granted. How many of you would live your lives differently if you knew you only had 6 months to live? How about 3 months? How about 1 week or even one day? I think we all would live our lives differently if we constantly had that perpective.
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
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.
As we just celebrated another holiday season, our team at Waypoint is extremely thankful that the holidays exist. They are truly a special time for most people in our country and for us as well. Holidays allow us to refocus on what's truly important to each of us, our faith, family and community (in no particular order).