Pharmacy U news

We are unique. Pharmacists are their own kind, and we lack a band of unity where we can vent, share ideas and correct each other when going off-path. The result is a feeling of being somewhat isolated. Since we cannot exactly place our identities within the groups of people around us, we can feel different and often lack a suitable like-minded partner to support us as we navigate and process the day.

While we may not always be on our game as pharmacy leaders, we need to understand that we are mentors whether we like it or not. Our actions, words and behaviours automatically serve as examples of what we expect from others.

To successfully acquire a pharmacy, you need to collect adequate information from reputable sources, understand the regulatory environment and sources of revenue, utilize trusted professionals, and be wary of irrational enthusiasm.

I’m not sure when, or where, or from whom I stole the phrase “eagles who fly in formation.” But, as a teenager, I certainly learned the foundation of successful leadership as a Little League coach and then running restaurants and leading independent retail pharmacies.

I remember working on a medication adherence program with colleagues who, while supportive of the idea, raised concerns about the required effort. I left those meetings feeling frustrated. I wanted things to be better for our pharmacy teams and the patients we serve, but I couldn’t make that change alone.

Over the past two decades as a pharmacy worker, I have held many jobs, from a 16-year-old cashier who cleaned the toilets to becoming a pharmacy owner, and I have experienced the growing responsibilities in our profession from all vantage points.

Learning, inspiration, conversation and networking were the themes of the day at our recent conference. The waitlist is now open for Pharmacy U Toronto!

Many pharmacy owners have the means and the desire to loan money to their children for a variety of good reasons. This post considers some of the pitfalls you may wish to consider. We encourage you, as pharmacy owners, to speak with your accountant and estate lawyer before loaning money to your children. You’ll be glad you did!