Pharmacy Business

For many pharmacists, the process of launching a new patient service begins with that lightbulb moment when they conceive of a breakthrough idea. Often, they are so passionate about their idea that they believe its merits will be self-evident to prospective customers. It will sell itself!

Why you do what you do is just as important as making money. The purpose-driven half of the formula for success involves aligning your pharmacy’s business values with your personal values.

This is the final installment of our four part series of articles relating to what drives value in your pharmacy business and practice. Review other articles in the series here: part 1, part 2 and part 3.

In two earlier installments (

In our first installment, we reviewed three of the key factors that drive the value of your pharmacy business: financial performance, growth and stability, and recurring revenue. Here we continue our journey to identify a few other factors that drive the value of your pharmacy business.

We have written countless articles providing direction on how to arrive at the theoretical price when selling your pharmacy. Now we focus on the importance of paying attention to the factors that drive the value of your pharmacy business.

Your value proposition is the crunch point at the intersection between your business strategy and your brand strategy.

The tax changes being proposed are the most significant since 1972, and it's going to affect pharmacy business owners.