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Where do i start if i wanna open my own retail pharmacy?

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beauty and health franchise on beautylish.com
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Allen D


roughly starting cost?


Answer
In a country packed with chain pharmacies, more and more pharmacists choose to open independent pharmacies. They do this because as an independent pharmacist they can set their own hours and run their pharmacy as they wish, and not be restricted by the rules and restrictions set by a chain. People often prefer to frequent an independent pharmacist because they tend to have a more small-town feel. The pharmacist can take the time to get to know her customers and make sure that they understand their medications. If you are interested in owning an independent pharmacy, learn how to open your own store

1. Purchase an existing pharmacy. Taking over an established pharmacy is a wonderful way to get into the independent pharmacy business. You will inherit a loyal customer base, a proven location and relationships with drug wholesalers and other vendors. This option is becoming more widely available as many independent pharmacists are nearing the age of retirement and are ready to sell their stores.

2. Purchase a franchise. Opening a franchise location is a relatively easy way to break into the retail pharmacy business. The company that you contract with will assist you in getting your store up and running. They can help with everything from securing a location to establishing accounts with drug wholesalers. Being a franchisee is the best of both worlds. You have an established brand name to give you business advice and support, but you can operate as an independently owned store.

3. Open your own pharmacy from scratch. This is the most difficult way to get started as an independent pharmacist, but it could also be the most rewarding. Begin by contacting your local SCORE office to get advice on what is involved in starting a new pharmacy in your local area. Find a good location that will get lots of traffic. Write a business plan and secure financing. Establish accounts with drug wholesalers. Decide if your pharmacy will stock other items besides drugs, such as greeting cards and health and beauty products. Hire staff to help you run the store. If you have an entrepreneurial spirit and boundless energy and ideas, starting your independent pharmacy from scratch could be a terrific option.

4. Start a Community Pharmacy Coop. This is when a few pharmacists join together to open an independent pharmacy. This is ideal for many pharmacists, since they can divide the workload amongst themselves and not have to work as many hours, while still being business owners.

I am doing a business project for school & we are looking to "open" our own hair salon any tips?




K W


Any information on everything from advertising my new "business" to rental costs to how much to pay employees would be useful. Also, any webpages that has any information regarding hair salons and what you need to have in stock to open.


Answer
You will need to know what your State's Local Laws, rules and guidelines are. You will need to know your buidling codes and regulations, you will need insurances on both your store as well as your employees. You will need to know what type of permits and licsense you willl need, you will have to check with your local Health Dept for rules and regulations.
Consult with advertising companies in your area and let them know what you are doing and ask them for tips with your project.
Remember when doin well in school you have to go above and beyond the minimal requirements as this with help you in your business later in your life.


http://www.salonspasolution.com/businessplan.php
Hair salon business plans - opening a day spa
If you're considering opening a hair salon, day spa or destination spa, business plans may seem merely optional. When you feel you're drowning in the details of spa menu, floor plan and beauty treatments, or the competing merits of different shampoos lines versus private label, then a spa business plan doesn't sound too urgent. But all the experts agree that it should come at the very start of opening a salon or day spa. It doesn't matter what kind of you're setting up: a day spa business plan is just as necessary as your own premises, and so is a franchise business plan. Of course, you'll need to cover the same kind of ground in all of them. But your new day spa business plan will be just as individual and have as much style as you do!
When you're setting up your new kids hair salon or destination spa for adults, business plan writing comes as part of the territory. If you want to raise capital, then no investor is going to consider you without one. An expertly produced business plan for a Hair salon can demonstrate you've done your research, and that there's likely to be a good profit in your venture. But more than that: a business plan for beauty salons can be a useful tool for you to work with. A spa business plan can clarify your thinking and alert you to challenges ahead: challenges that need to be dealt with right now. Of course, if you're in the beauty business, plans and documents are not what you had in mind. So maybe you need a little help from someone with specialist knowledge of how to write a winning business plan that gives you that extra edge. We have a wealth of experience with startups in search of capital: startups just like you, in fact!
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