SHELF OBSESSED

Starting a pharmacy is a mission that can benefit both you and your community in numerous ways, but it's not something that can be entered into lightly or without the needed dedication and commitment to succeed. There are a variety of ways to get started, such as:

1. Building a brand-new pharmacy from the ground up
2. Starting a pharmacy in an existing occupancy that's been remodeled to fit your needs
3. Taking over ownership of a pharmacy that's already operational and merely needs some of your own touches to make it your own

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Whether it's time for a major remodel of your existing pharmacy or you're starting from the ground up on a brand new pharmacy build, the first steps involved in the planning stage will be critical in setting the tone for your pharmacy design. It's not unheard of for the planning phase of a pharmacy remodel/build to actually take as much time as the construction phase, and it's important to realize that getting things decided in detail at the beginning can end up saving you both time and money down the road.

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Buying a retail pharmacy is an expensive proposition any way you look at it, whether you're buying an existing pharmacy, building one from the ground up, or taking an existing building and remodeling it into a new drugstore. Deciding which route to take toward retail pharmacy ownership is one of the first steps you'll want to take. You'll then want to consider funding.

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In the world of pharmacy, it can be really tough out there for the independents, but many who own independent pharmacies believe it's worth it, especially those who have a thing about being their own bosses. When starting a pharmacy as a prospective owner, you have basically two options: going independent or with a chain (franchise) operation. There are advantages to both.

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For many professional pharmacists, the ultimate goal they aim for is starting a pharmacy of their own and becoming the owner of a flourishing, lucrative business. For others – even those without a pharmaceutical degree – the idea of starting a pharmacy and hiring a pharmacist to do the drug dispensing can also hold a great deal of promise, as a well-run drug store can be quite a profitable enterprise.

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If you believe that starting a pharmacy requires a great deal in the way of resources, you're right. For those able to put it all together, though, the rewards can be well worth the investment. Some years ago, when big-box and drug store chains started taking over the Mom and Pop shops or undercutting their prices so severely that the small guys couldn't compete, many of these small businesses started going out of business. Today we're seeing a resurgence of smaller, community-based, individual pharmacies popping back up and finding favor with consumers looking for a more personal experience, with a druggist who actually knows them by name and a store that's friendly, warm, and welcoming.

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