Team Development

The Fifth Pharmacy Profit Pillar

Jun 16 2022

Team Development: The Fifth Pillar to Pharmacy Profitability

Your team of employees has a huge impact on your profitability. When it comes to pharmacy profitability, you have to consider how your employees can contribute to or lessen your profitability. I have learned over the years, that you can’t do this alone and your team will make you or break you. For these reasons, …

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pharmacy payroll pharmacy profit

Apr 20 2022

How to Quickly Lower Your Pharmacy Payroll Without Firing Anyone

Your pharmacy payroll has the power to make you or break you. We consider it one of the 3 critical KPIs (key performance indicators).  How Do You Know If Your Pharmacy Payroll is High, Low, or Just Right? To determine your payroll grade, you need to calculate your payroll ratio. Your payroll ratio is a …

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pharmacy team

Apr 14 2022

How A Diverse Pharmacy Team Increases Patient Satisfaction and Pharmacy Profits

When your pharmacy team can better serve your community of patients, they will like you more and your bottom line will benefit.  Pharmacies have always been an essential part of the healthcare system. While our role has been focused on dispensing prescriptions, pharmacies have also taken on a new part: giving health and wellness services …

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Pharmacy Leadership Profit

Apr 5 2022

4 Signs Your Pharmacy Leadership Skills Need A Boost

Here are 4 signs you may need a booster for your leadership skills—guest post by Heather Haro. I have a big crazy family!  The current chaos count is 7, almost grown children and 12 grandchildren. Yep! 11 grandboys and 1 brand new little baby grandgirl!  My Household Is My Business I have run my household …

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Pharmacy Employee Bonus Program

Mar 24 2022

Ideas For Pharmacy Employee Bonus Program

One of the most common topics coming up on our social media pages and inbox is employee bonus programs. Employee Bonus and Benefit Levers Retaining critical key employees is a secret weapon of uber-successful pharmacy owners. One of the best ways to keep your employees happy and therefore your patients happy is to adjust the …

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pharmacy biggest competition

Feb 10 2022

Your Pharmacy’s Biggest Competition

Have you ever wondered who your pharmacy’s biggest competition is? The answer is not the big box across the street or the popular online pharmacy. Instead, it is much closer to home. Just take a look in the mirror. Internal barriers are much more potent than anything external. As the pharmacy leader, you need to …

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Pharmacy Profit Pillars

Jan 20 2022

6 Pillars of Pharmacy Profit – Top 2021

Having a thriving, successful pharmacy means you need to take an active approach to your pharmacy profit. Being average will not keep you in business – that’s what I always say. You need to be awesome! To succeed in the pharmacy world, you are continuously implementing new ways of doing things, and with the ever-changing …

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How To Support Your Employees In Tough Times

Sep 14 2021

How To Support Employees During Tough Times

Employees everywhere are struggling with unprecedented stress during these tough times. Right now, times are tough. Dealing with social issues, the pandemic, and family trials are causing staff to be more stressed than ever before. There is no more important role as a leader than to support your employees’ well-being. Excelling here is good for …

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How To Hire Employees Tough Market

Sep 7 2021

How To Attract & Hire Employees In A Tough Job Market

Have you tried to hire an employee recently? Raise your hand if you have trouble hiring reliable, talented employees! You are not alone. Pharmacy owners are looking for qualified and dependable talent who will show up to work consistently and do their best. At the same time, candidates are seeking higher pay, better benefits, and …

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7 lessons from a serial entrepreneur

Aug 3 2021

7 Lessons From A Serial Entrepreneur

Being an entrepreneur is no cakewalk. Although, it is a bit addicting! Here are 7 Lessons I’ve learned by being a serial entrepreneur. I originally shared these thoughts during Kimber Boothe’s Pharmfluencer summit with pharmacists who are considering becoming entrepreneurs. These lessons are suitable for solopreneurs as well as seasoned pharmacy owners alike.  The Beginning …

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    About DiversifyRx

    DiversifyRx is dedicated to helping pharmacy owners kick a$$. We strongly believe the key to success is diversifying your revenue streams and maximizing each opportunity that is right for you. DiversifyRx was created by pharmacy owners for pharmacy owners. We have experienced a lot of triumphs and disasters and want to share our knowledge with you. This site contains affiliate links to products or services. We may receive a commission for purchases made through these links.

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