Writing a Business Plan for a Pharmacy
Pharmacies provide life-saving medications to the general public. Over the past 14 years, Deutsch and Thomas has worked with a number of different types of pharmacy businesses including standard retail pharmacies, mail order pharmacies, as well as compounding pharmacies. We are familiar with all the underlying operating costs as well as the gross margins that are typically generated from the sales of medications. All the work we do is done specific to the needs of each of our clients needs, and we can work very closely with you to develop your pharmacy business plan to your exact specifications. In all the business plans that we do, we always include a full analysis of the economy, ways that political changes can impact reimbursements, your local market, and the competition that your pharmacy will face as it launches its operations. Is there a number of chain pharmacies throughout the
United States, we focus substantially on how your business will differentiate itself for major market competitors.
Each pharmacy business plan we develop includes a full five-year financial model that features a profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, and all applicable business metrics. As pharmacy businesses are immune from negative changes in the economy, we focus substantially on the economically viable nature of these businesses especially for client is seeking a business loan or line of credit in order to launch their operations. Most importantly, we also develop a full-scale marketing and advertising plan there clearly showcases how your pharmacy will develop relationships with patients as well as referring physicians and related entities. We focus very heavily on the marketing and advertising aspect of these businesses given the substantial competitive nature of this industry.
If you are seeking to have a professionally written business plan for your pharmacy, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website.