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9 Lessons from Charlie Munger for Independent Pharmacy Owners

DiversifyRx

This principle can be incredibly beneficial in managing an independent pharmacy. Whether it’s your inventory management system, customer service protocols, or employee training programs, strive for simplicity to enhance efficiency and reduce errors. Happy, healthy patients are more likely to remain loyal customers.

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How Delegation Can Transform Your Independent Pharmacy

DiversifyRx

Effective delegation is a critical differentiator between highly successful independent pharmacy owners and those who barely get by. Pharmacy owners are often required to take on many roles to keep their pharmacy running, and you know that it can quickly become too much. Free up your time for the tasks that matter most.

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5 Things to Consider Before You Open a Pharmacy

DiversifyRx

Are you set on starting a new pharmacy, or are you taking over the reins to an established pillar in your community? If you’re starting from scratch, you have the opportunity to run a pharmacy tailored to your unique wants, needs, and goals. Too much change in a short period of time can alienate your customer base.

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The Importance of Gross Profit Margin for Pharmacy Owners

DiversifyRx

Understanding and managing this metric is crucial for making informed decisions, optimizing profitability, and maintaining the quality of pharmacy services. Let’s review the Gross Profit Margin for pharmacy owners and how it impacts your independent pharmacy. What is Gross Profit Margin?

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How to Wow Patients: 10 Surefire Ways to Make a Lasting Impression

DiversifyRx

Wow your patients with these 10 ideas and ensure your independent pharmacy stays top of mind. Wowing your patients seems like a no-brainer, something your front-end staff is already doing. Before you worry about advanced customer service skills, ensure your staff has these down pat.