Starting or buying any new business requires reviewing your finances and making sure you have enough working capital to begin. With your monetary resources in order, creating a business plan for your pharmacy from concept to opening will strengthen your chance of success. Mutual Drug specializes in opening doors for independent pharmacies and we can help turn your business plan into an action plan from ready to set to go.
Once you establish a line of credit with your local bank or qualify for an SBA loan, sign up for Mutual Drug as your wholesaler and our experienced sales team can guide you through this process.
Choosing the proper location can make or break a pharmacy. Evaluating your potential pharmacy site involves analyzing the demographics surrounding your spot, checking zoning ordinances and parking spaces and deciding if you will lease, buy or build. Mutual Drug will run down a check list of things you need to do.
Secure a list of financial contacts to your phone’s directory, including setting up connections with a business attorney, bank accountant, pharmacy insurance agent and building contractor. They will become your inner circle of advisors.
In-store planning runs from the ground to the ceiling. Decide on your floor plans, room layouts, counter division for front and back end, and designate utilities such as water and electrical needs for each room or work station. Mutual Drug can offer guidance.
Order product from Mutual Drug and stock your shelves. We house everything for your store from branded Rx, generics, and DME to a wide variety of front end OTC items and other unique products.
As a pharmacist owner, realize you are the heart of your business. The brains of your operation will come from your point of sale and computer dispensing systems. Mutual Drug can help you review your options for this important decision.
Up and running a pharmacy requires managing a staff of people, and Mutual Drug can help with Human Resource information and requirements such as job description examples, manuals, procedures, and posting. We can also guide you in marketing and advertising your pharmacy in your local community to get customers in the door. From logo creation to local advertising, Mutual Drug offers custom marketing ideas and programs to grow your business.
While this covers the basics, opening a pharmacy is a significant undertaking that requires many steps. As a Mutual Drug member, a representative will be assigned to assist you and steer you towards the green light and NOW OPEN for business.
Mutual is your one stop shop for starting a new pharmacy or change of ownership of an existing pharmacy. We provide complete guidance from start to finish, including all contacts of outsides vendors to setting up your PSAO, Clinical Network, Specialty programs from our Marketing team to help your get your business off the ground. Mutual has an array of programs and services that will not only give you the opportunity to grow your business, but can steer you in the right direction for all your pharmacy needs. Let us help you with our expertise, coaching and consulting for your future business plans!
Mutual has an array of services to assist you with your business plans; before you sign up with any outside program or service companies ask Mutual!
For more information contact Director of Sales Dan Houston at 919-598-4932 or drop us an email using the contact us page form.