The Hidden Truth About Independent Pharmacy Revealed

There are pros and cons in every pharmacy practice setting, but independent pharmacies may have more cons than others.

That’s why I was shocked when Lester Nathan told me about a model that adds freedom to the independent pharmacy owner’s life, rather than stress. I found it difficult to believe, but in this episode of Pharmacy Life Radio, he shares:

• Why any pharmacist can become a pharmacy owner
• How this business form creates less stress than the typical retail chain pharmacy
• When a pharmacist could expect to see profitability
• Why competing with retail chain stores is an awful idea, and what to do instead

I was rather surprised by Lester’s tactics to make a business profitable within 6 to 12 months. Most traditional stores don’t break even until 12 to 18 months after opening.

Let’s face it: the independent pharmacy model is painted poorly to most pharmacists and pharmacy students. Common beliefs about independent pharmacy include:

• Lower profit margins
• Delays in payment
• Higher cost of health care (for patients and employees)
• “Working the numbers”

But, according to Lester’s clients, there’s an innovative way to serve as independent pharmacists. Take a listen and consider joining the new wave of pharmacy.