business plan mona a
TRANSCRIPT
Mona Atoui
Community Pharmacy Opening Plan
Plan
1. License and legal papers
2. Location and cooperators
3. Inventory and Stock
4. Cost
5. Application for
pharmacy opening
6. Scheduling an inspection
7. The Inspection
8. Pre-opening
9. Grand opening
Step I: License and legal papers
1. State pharmacy number/ legal license
2. OPA member/ number
3. SIN number
Step II: Location & team work
Location
1. Target the area in which a pharmacy is needed
2. Map your competitors’ location
3. Find an area/plaza/store, responding to the legal dimensions
Step II: Location & team work
Team work
1. Staff (full-time pharmacists,
pharmacists assistants and
technicians)
2. General cashier, stock clerks
Step III: Inventory & Stock
1. Formulary of drugs (indications, dosage, side effects...)
2. Para pharmaceutical products
3. Contact pharmaceutical companies and industries (deals)
4. Include additional and competitive products.
Step IV: Cost
• Staff salaries• computer
system• equipment &
supplies • Taxes
• Determined according to how much
products will be on the
shelves & in stock
• If lease: $2000 -
$10,000/mth• If purchase: $
1 million
• $100,000 - $500,000/year
Franchise Location
OthersInventory
Step V: Application for pharmacy opening
A complete Application for
Certificate of Accreditation as a
Pharmacy, including the
application fee and pharmacy floor
plan, must be received by the
department of Client Services of
Ontario College of Pharmacy (OCP)
at least 45 days prior to the
proposed opening date.http://www.ocpinfo.com/Client/ocp/OCPHome.nsf/object/Application+for+Cert
ificate+of+Accreditation+as+a+Pharmacy/$file/Pharmacy+Accred_Applicati
on+form.pdf
Step VI: Scheduling an Inspection
Submitted application
An OCP inspector is notified to
call the pharmacist to schedule
an inspection of the pharmacy
prior to the proposal opening
day.
P.S. It may take up to 2 weeks to schedule an inspection
Step VII: The Inspection
Once an Inspector has
completed their inspection of
the pharmacy, notification will
be sent to Client Services and
Ontario Drug Benefit (ODB)
confirming the pharmacy has
been accredited.
Step VIII: pre-opening
Order inventory and stock the
shelves
Advertise for the opening day
(Market to the Doctors,
industries, pharmaceutical
companies and to public)
Create a formal operations
manual or employee handbook
Provide training and give each
employee a copy of the manual.
Step IX: Grand Opening
Open on the advertised day.
Client Services will contact the
pharmacy to confirm whether the
pharmacy is open to the public.
Once confirmed, the pharmacy
will be made Active and will
appear on the College’s Public
Register.
The Certificate of Accreditation
will then be sent by email to the
Designated Manager of the
pharmacy.
"A good business plan will
help you obtain financing,
arrange strategic alliances,
attract key employees and
boost your confidence."
Thank you