Inventory is the crux of every independent pharmacy business, and it’s also the costliest expense. With so much money on the line, mastering inventory management becomes a crucial skill. These…
Operations
Avoid These Top 10 Injury Risks in Your Pharmacy
Most people wouldn’t think of a pharmacy as a dangerous place to work. But as a pharmacist, you know just how dangerous your pharmacy can be. From biohazards to physical…
What Is Your Pharmacy’s Credit Score?
There’s a single number that can have a big impact on your pharmacy’s business: its credit score. Just like individuals, businesses are awarded a credit score based on their financial…
Choosing the Right Accounting Method
When you keep track of transactions in your independent pharmacy, you have a choice between two accounting methods: the accrual method and the cash-basis method. “Timing is one of the…
Cultivating Your Leadership Style
Of all the tasks involved in running or managing a pharmacy, leadership often gets the short stick. You won’t find many pharmacy CE courses on “cultivating an effective leadership style”…
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…
Mastering Inventory Management
Inventory is the crux of every independent pharmacy business, and it’s also the costliest expense. With so much money on the line, mastering inventory management becomes a crucial skill. These…
Avoid These Top 10 Injury Risks in Your Pharmacy
Most people wouldn’t think of a pharmacy as a dangerous place to work. But as a pharmacist, you know just how dangerous your pharmacy can be. From biohazards to physical…
What Is Your Pharmacy’s Credit Score?
There’s a single number that can have a big impact on your pharmacy’s business: its credit score. Just like individuals, businesses are awarded a credit score based on their financial…
Choosing the Right Accounting Method
When you keep track of transactions in your independent pharmacy, you have a choice between two accounting methods: the accrual method and the cash-basis method. “Timing is one of the…
Cultivating Your Leadership Style
Of all the tasks involved in running or managing a pharmacy, leadership often gets the short stick. You won’t find many pharmacy CE courses on “cultivating an effective leadership style”…
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…