As a pharmacy owner, you can’t afford to lose employees or tolerate ones who are quiet quitting. Be willing to make changes that can help prevent quiet quitting while improving your business practices.
As a pharmacy owner, you have your hands full with all the tasks that make a profitable and successful business. Effective pharmacy management entails keeping track of inventory, documenting finances, managing stock, budgeting, hiring, and retaining good staff.
Staffing is a particular concern in the pharmacy business, with the turnover of employees affecting your financial bottom line and customer service. Pharmacy Staffing reports: “Employee turnover costs can be estimated to be, at a minimum, almost 100% of the employee’s base salary.” They continue to estimate that for a highly educated employee like a pharmacist, the cost can rise by up to 300%. Read more >
When you partner with First Financial Bank, we’ll get to know you and your business inside and out. Whether you’re starting your first pharmacy or growing your business, we have the first-hand industry expertise to create a wide range of financial products tailored specifically to your business. Because, not all pharmacies are the same, and you should have a bank who knows your business. First Financial Bank – In the business of YOU.
This post is related to:
Finance: Mergers, Acquisitions, Buying-Selling, Franchising Finance: Financing, Banking, Business Loans
