Is your pharmacy business the way you imagined it would be, or is it more complicated and stressful than you had planned?
Is your pharmacy business the way you imagined it would be, or is it more complicated and stressful than you had planned? If it’s the latter, then you may be spreading yourself too thin.
Here are 5 clues that you’re working harder, not smarter:
Remember that the entire purpose of owning a pharmacy is to accomplish 2 things:
At chain stores, you’re under too much pressure to accomplish either of these goals, right? But even in your own pharmacy, are you running faster and faster just to stand still financially? It doesn’t have to be this way, but you will only accomplish more if you try to do less.
It all starts by determining how much you want to be worth on an hourly basis. This subject requires some deep thought.
Do you want to be worth $250/hr versus the $50/hr that pharmacists employed elsewhere would be paid? If this is true, then stop doing $10/hr, $15/hr, or even $50/hr work.
The payoff is in doing your own work, not everyone else’s. Once you get into this frame of mind, you can concentrate on doing only the things that require your knowledge and expertise as an entrepreneur and business builder.
The problem is you’re trying to do too much yourself. The solution is that anything is possible when you stop trying to do everything at the same time.
Do less and accomplish more by practicing the 80/20 Principle (Pareto’s Law): 20% of your ideas produce 80% of the results, and 20% of your time produces 80% of the profits.
Whether you currently own a pharmacy or are contemplating ownership, you need to get maximum leverage from the following 2 areas:
1. Your staff
2. Your marketing plan
It’s all about not only doing less and getting more, but also putting the resources you have to the best use. If you’re waiting for the planets to align and the conditions to be perfect before you create the pharmacy you’ve been dreaming about, then you’re letting the gremlins of resistance that live in your head rule the day. It’s time to turn the tables.
The Pharmacy Sage can be reached at 1-888-737-6400 or firstname.lastname@example.org