If you are a young pharmacy student with big dreams, one of your goals may be to open your own pharmacy one day. According to Marla Ahlgrimm, this is a lofty goal, but one they can pay off in both financial rewards and community engagement. Keep reading for a few quick bullet points on what it takes.
Find the right advisors and mentors.
Marla Ahlgrimm says that finding the right mentors and professional advisors is your first step. Among other professionals, the retired pharmacist and entrepreneur suggests that a financial advisor, insurance agent, and legal counsel are crucial to your endeavors. Further, you’ll want to speak with industry leaders and established pharmacy owners.
Research and plan.
You have no doubt heard the old adage about failing to plan is planning to fail. This holds true when starting your own pharmacy, says Marla Ahlgrimm. Before you begin – even before you write a business plan – do your research. Know the area in which you wish to open so that you can best evaluate the viability of your endeavor along with your competition.
Understand the legal requirements.
All municipalities have different requirements for all businesses, says Marla Ahlgrimm. Being in the pharmaceuticals industry, you will also be subject to federal regulations and guidelines relating to everything from the types and volume of medication you can fill to how you screen your pharmacy technicians.
Know your design. 
Marla Ahlgrimm explains that your pharmacy design – its physical layout – is just as important as the work you put into launching it. As such, you will need to consult with a builder or retail designer to help you optimize your workflow and strengthen your front end.
This is not a comprehensive guide to opening a pharmacy. Rather, the above information is presented to represent a few things you may not have thought about in your excitement. Good luck, and may the coming year bring you one step closer to achieving this dream.
