The last thing on your mind when you open or take ownership of a pharmacy is, "What do I do when I want to get out of ownership?" This doesn't have to be your first thought, but it shouldn't be your last! This thought process is known as succession planning. Let's explore this.
It's only been 3 years since brother-duo Orlando and Kyle Palmer came together to establish Parker's Pharmacy in their hometown of Baton Rouge, Louisiana. "We have approximately 6,000 patients and about 80-85% of our patients find us on social media", said Kyle Palmer, co-owner of Parker's Pharmacy and Marketing Executive of the company.
I went into Pharmacy Ownership and Leadership Academy (POLA) very blind and unaware of what I had gotten myself into. Adding conferences to my CV and making connections were my main concerns. I?d been interested in owning a pharmacy for about 5 years and was looking forward to learning a little bit more about the feasibility and logistics of pharmacy ownership. I was in no way prepared for the experiences and relationships POLA would bring me.
First Financial Bank is honored to be able to be a part of turning dreams into realities! Learn about Cornerstone Pharmacy and their personalized customer service experience.
Opportunity is on the horizon for student pharmacists interested in ownership. With an aging demographic of independent pharmacy owners, there has never been a better time to consider ownership.