Opening an independent pharmacy

[lampshade14]

This has been my reason for going into this profession, how reasonable is it to open an independent these days? Can it only be done in a few niche markets in undesirable locations across the country?

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[crazybob]

This has been my reason for going into this profession, how reasonable is it to open an independent these days? Can it only be done in a few niche markets in undesirable locations across the country?

If you have a good business and economics background, you'll find a way to make it work.

Even if it might be in an undesirable location, if you have good interaction with the community, they'll keep coming back.

 

[Praziquantel86]

It's definitely possible. It certainly isn't easy, but you can find independent pharmacies thriving in areas that have chains all around them.

You have to separate yourselves from them by offering better customer service (delivery, personal knowledge, etc.) and unique services (immunizations, medication therapy management, compounding, etc.). The start-up costs are high, but local wholesalers and organizations may be able to help you with getting your feet on the ground. One of the posters here, DoctorM, just opened up his own independent right down the street from a chain pharmacy. If you read the trade publications, you'll see all sorts of independent pharmacies thriving with unique business models.

If that's what you want, then go for it.

 

[Doctor M]

http://forums.studentdoctor.net/showthread.php?t=705720

please read this...i dont feel like retyping it all!

 

[MountainPharmD]

http://forums.studentdoctor.net/showthread.php?t=705720

please read this...i dont feel like retyping it all!

If I were the OP I would give up on opening an independent pharmacy until I was smart enough to use the search function.