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"The Successful Man is the One Who Finds Out What Is the Matter with His Business Before His Competitors Do."  Roy L. Smith

1/11/2018 0 Comments

7 Mistakes You Should Not Be Making in Your Pharmacy          in 2018

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As I talk to ever-so-many pharmacy owners, I find that most of you have a very clear vision of where you want to be, you know that you need to be doing something different, and you have tried everything you have thought of, that might work.
 
Unfortunately, the 'might's' are costing you money— a lot of money. They’re also creating barriers to the success you want to achieve. All while working harder and harder for a smaller and smaller paycheck.
 
It’s not you. It’s them.
 
The problem is not with how hard you work, but what and how you’re doing it. Most of these shortcomings are the result of what they did not teach you in pharmacy school.
 
While knowing that mitochondria is a powerhouse of the cell, and knowing how to restore and repair the mitochondria function is extremely important to your success as a pharmacist, it has no bearing on your success as a business owner, nor should it. That’s what lots of research, continuous learning, experience, careful planning, and business school is for.
​The world around us is constantly changing.  And if you are not
evolving or innovating with the times, there’s a pretty good chance
that you’re stagnating, or merely going backward.
Fortunately, you also have the means available to learn from others. With that being said, I’d like to share the 7 mistakes you should not be making in 2018, if you want to become more successful and grow your pharmacy exponentially.

  1. Not challenging the status quo and the current way you’re doing business.

  2. Not being sufficiently open-minded about your future and the possibilities pertaining to it.

  3. Refusing to embrace change. The world around you is constantly changing.  So must you.

  4. Not employing the best business model possible—one that enables your patients and potential patients to “feel better, live longer, and become more energetic.”

  5. Not understanding that marketing is the only element of your business that can achieve significant results, because everything else is just a cost.

  6. Not keeping in touch with your own patients to the degree that you can further enable them to achieve better health. In turn, making your cash register ring more often. (You should also be able to Identify the top 20% and top 2%)

  7. Dedicating most of your time to daily operating procedures, including the all-consuming challenge of putting out fires because you don’t have, or don’t believe you have anyone else to do it.

Alas! It's not too late. They’re each correctable. Collectively, turning them around transforms your pharmacy from an underachieving one to an unstoppable one.

To learn more, sign up for my upcoming teleseminar on Tuesday, January 23, 2018 at 8PM EST. I will reveal two major cash elevating and profit generating strategies, and much more.  However, because I will also be hosting a LIVE Q & A, and try to answer as many questions as possible, I am only accepting the first 50 who sign up, so please register before it’s too late.
SIGN ME UP!
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    Lester Nathan, The Pharmacy Sage
    A powerhouse in the world of independent pharmacy, offering  insight, wisdom, and strategy to independent pharmacy owners. 

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