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by Julie Sehl (Editor), Greg L. Alston (Author)
Are you tired of working your fanny off to make other people rich?
Do you have the freedom to control when, where and how hard you work?
Do you work for a pharmacy employer that will guarantee you that you still have a full time job in the next 5 years?
If you want to improve your business skills and put yourself in a position to succeed in the future, then read this book.
This book is designed to shake you out of your complacency and engage your will to be financially independent. I began practicing Pharmacy in 1977. When I began there were no computers, no pharmacy technicians, no third-party payers, no PBMs, and hospital pharmacies were profit centers for their owners. Five times during my career my job has been sold out from under me because conditions in the profession changed. This forced me to learn how to learn to take care of myself. After every change I was able to earn more than I did before the change. However, the pace of change is now faster than ever before. Are you ready to handle a drastic career disruption right now? Do you have the skills to land on your feet and actually earn more than you can right now? I believe that the Future of Your Pharmacy practice lies in making yourself valuable to the marketplace. Your future will depend upon your ability to create a personal value strategy that will best use your abilities to build wealth. If you are not building equity in something you are at the mercy of a corporate decision derailing your financial plans. You need to stop waiting for permission and exercise your will to be great. If you believe that your employer will look out for your future, you are sadly mistaken. Do you honestly believe that what is best for your family enters in to any decision the industry moguls make when it comes to buying, selling, shrinking, expanding or closing locations? Do you think that you will be consulted when decisions about which jobs to outsource or downsize are being made? Are you willing to trust that the company you work for is going to take care of you and your family for the rest of your life? This book is designed to challenge frustrated, overworked professionals worried about the state of their profession, select and implement the best value strategy possible so they can get paid what they are worth and build a secure future for themselves and their families. This book will provide you with the motivation to develop your own unique business plan to generate financial independence. This can be by starting your own business, by creating a new professional service, or by using your pharmacist income to create a second line of income producing assets. The reality is that the pharmacist job market is soft and it will be up to you to create the income you need to fund your own retirement, while saving for your kids college expenses and taking care of your aging parents. During the 1990's and up until 2007 the pharmacist shortage created a seller's market for pharmacy labor. Wages rose, bonuses increased and pharmacists assumed this would last forever. During that market the employers paid more than they wanted to to keep their businesses open. Now the market has shifted and pharmacists are in oversupply. This means that wages will deteriorate unless you figure out a better way to increase your income.
