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Key Considerations in Opening a New Pharmacy


For many, owning a pharmacy is the culmination of a life-long dream. It’s an opportunity to give patients the highest levels of care; to become a trusted member of the community; to have control over the pharmacy’s operations; and to hopefully achieve financial success. Indeed, pharmacy ownership offers many bright benefits.


For one thing, a pharmacy owner must wear many hats – pharmacist, accountant, counselor, employer, marketer, purchaser, compliance officer – to name a few. A critical first step is for a potential owner to understand all aspects of pharmacy ownership. This includes not only the fundamentals of running a business, but awareness of the many requirements unique to the operation of a pharmacy.


A few tips:

• How to do Your Research

• Build a Team of Experts

• Understand Financing Options

• Ensure Full Regulatory Compliance Ahead of Time

• Select the Ideal Pharmacy Technology System

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