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1 Replies Last post: Aug 18, 2009 1:28 PM by LUCKIEST

Steps to start an independent pharmacy

Aug 18, 2009 1:00 PM

Click to view Jesse19's profile Start-up Jesse19 1 posts since
Aug 18, 2009
I am in the first stages of contemplating the opening of an independet pharmacy. I do not want to put up
my home as collateral, so my first question is how do I go about getting a loan? Also, I am a female. Are there any special loans or subsidies for women entrepeneurs? What do i need besides a business plan, all the special licenses (dea, pharmacy permit, business and city license). What information do I need as far as contacting a wholesaler, data system supplier? Who do I contact for insurance? Are there any books or gurus out there that will not charge me a fortune to help me in getting the business off of the ground?

How crazy is it for someone between 45 and 50 to start their own pharmacy? I need all the input and information I can get? I have over 20 years in the business so I know a little but not a lot about starting
my own retail practice. Will the bank loan me enough to keep from starving? I have a very high fico score
and all of the assests are tied up in a trust. Also, there is another independet and a chain in town, both of
which people are unhappy with---I think it would be an opportunity to give them a run for their money.

All advice, negative and positive will be appreciated!
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
1. Re: Steps to start an independent pharmacy Aug 18, 2009 1:28 PM
Steps to start an independent pharmacy, Welcome

How exciting. If you are contemplating opening a pharmacy, you need a business plan.

Do you know about SCORE?? SCORE is FREE and can help you both in person and online.

*Good luck, LUCKIEST*<!--Session data-->