Pharmacy U news

It is not uncommon when I am discussing leadership with someone, especially a young leader, for the question to come up about what the most important things are a pharmacy leader does.

With interest rates rising, the housing market seems to be in a state of flux. The direction of housing prices – up, down or sideways – is a hot topic of conversation around dinner tables and office watercoolers, which is hardly surprising given how much wealth Canadians have tied up in their homes.

There is a dramatic cost to restarting. In my previous article The Fear All Leaders Face I discuss the power of a mental health challenge called FOMO and how to reframe thought process to overcome it. But what about when your train of thought is constantly derailed?

Niceness is overrated. Be kind instead. Kindness is about having our hearts in the right place. It’s about wanting the best for others and for ourselves. It has nothing to do with being liked.

Effective benchmarking is an essential step towards boosting your pharmacy’s performance, and professional services – so often a grey area for pharmacist-owners – is a great place to start.

We should strive to be in the centre of activity. When we are here, we gain perspectives that allow us to make better decisions to lead our teams well. The problem is, it isn’t always easy to stay in the centre. We must continually be working to gain this position and perspective.

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.

Change is a must. Change is the future, however small, for pharmacy. It’s been a while since I have written an article and it took me some time to think about a topic that is relevant yet important. Then I thought, there is nothing else more relevant to talk about than change.