As a manager, the way you express yourself matters. When you deliver your message effectively, you’ll be able to accomplish your pharmacy’s goals and gain the respect of your employees. …
Operations
What Is Decision Fatigue?
You’ve reached the end of a long, busy day, and one of your staff members comes up and asks if they can have tomorrow off. It’s a simple question with…
5 Common Retail Fraud Tactics (and How to Prevent Them)
Shrinkage and theft are unfortunately a part of life for brick-and-mortar retailers. According to the 2020 National Retail Security Survey, retail shrink soared to nearly $62 billion in 2019. While…
12 Communication Mistakes Sabotaging Your Credibility
Your communication style sets the tone for your pharmacy as a workplace. You can have an airtight workflow setup and thorough standard operating procedures, but if you have poor personal…
How to Manage Employee Disagreements in the Workplace
In a small, tight-knit workplace like an independent pharmacy, one disagreement between colleagues can have an outsized effect. Occasional disagreements are to be expected in a high-stress environment, but letting…
Should You Buy a Pharmacy or Start From Scratch?
If you want to become an independent pharmacy owner, it’s not as simple as hanging out a shingle and opening up shop. The first major decision you’ll have to make…
How to Buy a Pharmacy: 5 Steps to a Profitable Purchase
Inside: How to buy a pharmacy in five steps, including how to get funding and perform a fair market valuation. Whether you are hoping to expand your independent pharmacy empire…
FIFO, LIFO, or FEFO: Which Inventory Valuation Method Is Best for Pharmacies?
Inventory is a pharmacy’s most valuable asset and a crucial line item on your balance sheet. Knowing how to properly value your inventory for accounting purposes can help you better…
One Community Pharmacy’s Best Strategy for Surviving PBMs and DIR Fees
John McNeill, owner of Nichols Southside Pharmacy in Corpus Christi, Texas, is facing the same challenges confronting all independent pharmacy owners today: bottom-barrel reimbursements and unpredictable DIR fees from PBMs.…
Employee Benefits: The Complete Guide for Independent Pharmacies
This comprehensive guide to employee benefits will help you tap into the perks employees want the most so you can retain your best team members and win over top talent.
Small Business Credit Card: Pros and Cons for Your Pharmacy
A small business credit card provides financial flexibility, high spending limits, and an easy credit score boost.
How Communication Style Can Improve Your Management
As a manager, the way you express yourself matters. When you deliver your message effectively, you’ll be able to accomplish your pharmacy’s goals and gain the respect of your employees. …
What Is Decision Fatigue?
You’ve reached the end of a long, busy day, and one of your staff members comes up and asks if they can have tomorrow off. It’s a simple question with…
5 Common Retail Fraud Tactics (and How to Prevent Them)
Shrinkage and theft are unfortunately a part of life for brick-and-mortar retailers. According to the 2020 National Retail Security Survey, retail shrink soared to nearly $62 billion in 2019. While…
12 Communication Mistakes Sabotaging Your Credibility
Your communication style sets the tone for your pharmacy as a workplace. You can have an airtight workflow setup and thorough standard operating procedures, but if you have poor personal…
How to Manage Employee Disagreements in the Workplace
In a small, tight-knit workplace like an independent pharmacy, one disagreement between colleagues can have an outsized effect. Occasional disagreements are to be expected in a high-stress environment, but letting…
Should You Buy a Pharmacy or Start From Scratch?
If you want to become an independent pharmacy owner, it’s not as simple as hanging out a shingle and opening up shop. The first major decision you’ll have to make…
How to Buy a Pharmacy: 5 Steps to a Profitable Purchase
Inside: How to buy a pharmacy in five steps, including how to get funding and perform a fair market valuation. Whether you are hoping to expand your independent pharmacy empire…
FIFO, LIFO, or FEFO: Which Inventory Valuation Method Is Best for Pharmacies?
Inventory is a pharmacy’s most valuable asset and a crucial line item on your balance sheet. Knowing how to properly value your inventory for accounting purposes can help you better…
One Community Pharmacy’s Best Strategy for Surviving PBMs and DIR Fees
John McNeill, owner of Nichols Southside Pharmacy in Corpus Christi, Texas, is facing the same challenges confronting all independent pharmacy owners today: bottom-barrel reimbursements and unpredictable DIR fees from PBMs.…
Employee Benefits: The Complete Guide for Independent Pharmacies
This comprehensive guide to employee benefits will help you tap into the perks employees want the most so you can retain your best team members and win over top talent.
Small Business Credit Card: Pros and Cons for Your Pharmacy
A small business credit card provides financial flexibility, high spending limits, and an easy credit score boost.