Are you becoming an angry pharmacist? Is being an employed as a fulltime pharmacist getting you down? How would you like to make a living by practicing pharmacy in a different way using a proven system? A system that will help alleviate the angry pharmacist in you!
And it does NOT require you to open up your own pharmacy either.
Odds are, if you’re reading this, then you’re probably already looking for a different way to make a living but still want to somehow use your hard earned degree as a pharmacist.
What if I were to tell you there is a way to that?
Would you be curious? Will you take the red pill?
A Different Way
I won’t keep you in suspense. It all boils down to one thing. Contracting your services out as a self-employed or independent pharmacist. (We’ll be using the terms self-employed and independent interchangeably on this blog.)
In a nutshell that’s it. That’s all there is too it. Being self-employed or independent in itself is the whole enchilada.
But, I ask you, it’s the key to many opportunities. The key to making more money, and giving you more control over your life.
Chances are, the following issues stopped you dead in your tracks.
- You heard that self-employment takes a lot of time and effort to make a decent living.
- You’ve been told that self-employment is not as profitable as everyone claims them to be.
- You’re worried that being self-employed is equivalent to having two jobs – you have to keep pumping out new clients week after week, or start seeing your income drop like flies…
Now… What if I could show you that it isn’t as hard or as insurmountable as you might think? A pharmacist as a profession is perfect for self-employment opportunities. What you already do each day is already similar to what you would do if you were self-employed. There would be very little difference except with a slight shift in thinking. Most importantly taking the required steps you can reap benefits of owning a business without owning a pharmacy. If I told you there is a way that, if done correctly, would lead to a less stressful lifestyle, would give you more control over your own time and even make more money. Would you be interested?
Let me be very honest with you – I won’t insult your intelligence by trying to convince you being an independent pharmacist will make all your problems go away and is the greatest thing since sliced pie. Everything has its pros and cons. But, I believe being independent is more fulfilling than that of being employed full time.
We’ll begin our self-employed pharmacist journey together in this 12 part blog post series (yeah, that’s huge, I know). We will cover every aspect of starting and maintaining your services as an independent pharmacist – from business groundwork, marketing, legal tools you’ll need along the way, to billing and sustaining a client base of steady profits.
Don’t worry you won’t need to hire a team of employees to do it either. I guarantee you can do this all on your own.
The Self Employed Pharmacist
In this article, the first in the series I’d like to introduce the idea of becoming independent. It’s no exaggeration to say that working for yourself and not being forced to be a full time employee is the ‘Holy Grail of Earning a Living’. In fact, it’s a pretty good bet that the attraction of such a proposition is one of the reasons why you got started looking here in the first place.
However, as you know by now, most self-employed ways to make money in today’s world fall well short of this notion. In most cases, how much money you make being self-employed is determined by the amount of effort you’re willing to put in – and the second you stop investing that effort, your income will plummet.
A lot of self-employed business struggle. If you’ve ever started any kind of service based business yourself, then you probably know that a particular client will stick with you for a few months, and when your project is done you have to find more clients. Incidentally, this is also the reason why businesses rarely last longer than 5 years.
A self-employed Pharmacist is profoundly different – once you have a client to contract with, chances are, that client will continue to use your services generating income for you months on end (provided, that you do a good job and follow some of the tips we’ll lay out for you here).
Remember the work of a pharmacist is not project based. It’s work that requires continued service. This is a very important distinction; because it means that project never has to end.
Now contrast that with, say, any other service business like computer or even tax consulting. A client signs up, pays my hourly rate and receives expertise. After several months the project eventually finishes. The result? Predictably enough, they complete the project and my work is complete.
For a self-employed pharmacist chances are once you’ve found a good client that client will help sustain you for as long as it’s beneficial for you both.
Ready to take the leap?
So, prepared to make a living as a self-employed Pharmacist? I sure hope so – ‘cause we’re off, and the ride will be wild!
So give a little more thought to the concept of being self-employed or independent, and then get ready for the second part of the series next week. Set aside a schedule for yourself and keep a pen and paper handy as next part onwards we will be taking lot of practical actions (no theories here, sorry)
Next Week’s Lesson – The Entrepreneurial Mindset
I know this will bring yawns from some of you. Please understand that the Entrepreneurial Mindset is a powerful and crucial asset to becoming independent.
Having the right mindset is essential – and take it from someone who has suffered the trials and tribulations of being an Entrepreneur and failing in embarrassing ways.
Having the right frame of mind is critical to the success of any venture – and as a self-employed Pharmacist. You will see in the coming lessons, although the work you perform for your clients as an independent pharmacist will be essentially the same, what happens outside that work from your attitude to your lifestyle to how you take responsibility for yourself will be profoundly different and in my opinion more fulfilling.
So, true believers that’s it for now. Don’t forget to leave me some of your feedback.
If you liked this article get into the right frame of mind and leave us a comment or better yet sign up for our newsletter it’s 100% and you can get our articles by email!
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Dear Editor:
Very well written article! But, I think in the beginning paragraph you might want to reconsider the word of “angry” pharmacist. I personally think it comes across a bit too strong. And, I think most of pharmacists enter the profession with a strong desire to serve; however, everyday work stress can leave us stressed out, frustrated, bored, and feeling trapped but rarely ‘angry’.
I think your potential reader will be attracted to the idea of having an more flexiblity, choices, and control over their career. I think these should be terms you should consider using to attract your members. What do you think?
Hi Lin,
Great comments. For those who don’t know the “Angry Pharmacist” is in reference to http://AngryPharmacist.com/ the number one blog for pharmacists today. But, I agree with you that most of pharmacists enter the profession with a strong desire to serve.
Also, those benefits you mentioned will be included in the upcoming lesson 5 – How You Profit From This Business. So stay tuned!
I came across your website tonight and it was exactly what I’ve been looking for. My job satisfaction is at an all-time low right now and I’ve been struggling with what to do about it. I’m not sure if I’m ready to dive into independent contracting (huge change from my current job), but it is so refreshing to think about new possibilities. I read through the first 6 chapters of your Coaching Series and look forward to the next 6!
Hi Stephanie,
I know exactly how you feel. My job satisfaction was an ultimate rock bottom low!
I suggest you do independent contracting part time. When I started, I did not want to give up my full time job. So I did the contracting a few days a month. I ended up working overtime because I had my full time job at Wal-Mart and I did an extra day or 2 with with clients.
Within 2 months I cut down to a part-time status with Wal-Mart and in a year I left the company.
If you can try to do an extra day every 2 weeks of the month as an independent contractor. It’s not alot of extra work. You’ll make extra money, and network with many great pharmacists.
I will share in more detail in our future posts.
Hi Stephanie,
We’re also glad you found us. In my research, pharmacists working for a chain are very unhappy with their job satisfaction. In my opinion, contracting your services out is a great way to ‘adjust your sails’ and start out the new year.
Instead of diving in, why not just get your feet wet, like my wife suggests and start this in small steps.
Also, be sure to sign up for our email newsletter. You’ll be notified every 3 or so new articles and (once it’s complete) you’ll get the entire ‘Coaching Series’ in pdf format for free.
Thank you for your comment and keep your thoughts and opinions coming.
Hello
Is it allright in australia to hire a self employed pharmacist for a long time?? maybe one or 2 years