PMIcon's Posts
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Great day house. I want to thank God for providing me a tastefully finished and furnished five bedroom duplex in Magodo. I prayed for it and God has done it. Please thank God with me and ask Him to perfect everything He has started on this. I have to move my family in before this month ends. Thanks |
Yevgeny:What is the remuneration like? |
We all know we will rather paint our workplace good before others soo that people will not say "What kind of a place are you working?" I realise that many people feel like they are treated as slaves by their employer and senior colleagues at work who are just after meeting targets and making more money. Now, we all have different things that can make us enjoy going back to work and contributing our part to the success of where we work. For you, what will that be? If your boss will genuinely listen to you about this issue, what will you tell him/her? Is it only money? Even if it is money-related, how will you advise your boss so that in meeting your need the business will not suffer financially? |
gloryhouse:Searching for my own house o. Whoever is taking care of it should release it to me ASAP! |
mikolo80:This is disrespectful. You've been logical but this... You are talking about the President of Nigeria? This is not right please. |
rozayx5:Are you sure you are waiting for change? I think we ourselves should change. Like anyone else, the OP has the right to express admiration for the President whether logically or not. The responses I see here looks like there are people who are waiting to sing about the failure of another regime. This is about Nigeria not tribes please. We can't afford a failed state! |
Is this house still available? And is your contact with the owner direct? |
sonnie10:You are right. It's not about the company. Every premises/branch must be registered and supervised by a superintendent pharmacist |
elohorayodele:hmmm |
Don't bother. |
pintogen:Do you distribute hand bills etc? Posters may be illegal in some locations. |
lagcity:I get you but it's not the Government saying so. What the Government says is, you can't own a retail Pharmacy if you are not a Pharmacist but you can open a wholesale pharmacy, pharmaceutical company and import drugs in partnership with at least a Pharmacist. If you want to invest, it will be between you and the Pharmacist (just like lending). I guess the way I put it in the post is misleading but I couldn't edit it when I realized. |
euromilion:1. I'm aware that pilfering is a major issue. We have cctv, security personnel and devices, workplace policies, regular stock-taking and use of appropriate software to put a check on that. These are important investments that must be considered when going into the business. 2,3&5 Competition, Location& Pricing are very important but inseparable issues and should be considered in business plan. 4. Death of owner: that's what happens when one runs a pharmacy without a system. But it is very real challenge especially with PCN regulation of a Pharmacist-only ownership 6. Why person go open pharmacy come dey sell fake drugs (why would one open a pharmacy to sell fake drugs)? I give you 159% ![]() |
Chijosky:Aba it is the outgoing Senators that passed the bill o. U neva get over GEJ's lose? Why not wish your country well? |
The new Senate had better amend it. Are they ignorant of the prevalence of vesicovaginal fistula- did they consult pediatricians and gynecologists before making that dangerous decision. I'm expecting the reaction of the first lady because she was involved in advocacy against child marriage recently. |
Youngmaster0:He go beta |
Imanuelle:many things I didn't mention but from my observation, I gave the most virulent killers |
ihesiuloa:yea, what I meant by grooming oneself |
![]() ibkgab001: |
elohorayodele:I'm interested in your reason for backing out pls. |
rawtouch:You'r right |
DjHypno:Amen. |
toyetade:100% right, just that that's my field and it pains me to see Pharmacies put on sale or just run down by "experienced pharmacists". |
Jazzgreen: |
Mohitto:I'm not sure you know 1. the rigors of med school 2. the cost (in time, money and relationship) 3. the missed opportunities in schooling outside your passion (first degree is good but why not in the area of ones passion that is the mistake most people make) and 4. which is the worst, the way people isolate you and think you are overqualified or unreasonable (as the case may be) and how you may have to spend the rest of your life trying to convince people close to you that you are not stupid. Except she wants to become a medical artist (which she wouldn't need medical degree for anyway) everybody had better let her be because EVERYBODY involved will suffer the consequences later. I know what I'm talking about. |
Ayjos10:Hopefully. We are all learning anyway. |
TheDauraMallam:Give your own life to Jesus and live a life of faith in a God that loves us- not a God that is looking out to punish. When your children see how God helps you as you pray to Him (including praying for them), when they see how you love them instead of being anxious about them being religious, they will not have an excuse to become an atheist. |
I wrote a previous post on steps to own a Pharmacy in Nigeria here: https://www.nairaland.com/2352771/steps-owning-pharmacy-nigeria If you ever wondered why, as lucrative a business as running a Pharmacy is, many still run down, I'm about to let you know some reasons. Can you think of some big names that are no more? Let me give you some insider's clue and, don't mind me, I write with Pharmacists in mind Why Your Predecessors Close Shop You can sum the major reasons up under these categories 1. They thought being a good Pharmacist is enough to be a good business owner. Entrepreneurs have different mindsets than professionals o. If you don't groom yourself and even be willing to pay neutral consultants to learn from (because your should-be mentor is also your competitor) you may learn the hard way 2. Bad location Location is (almost) everything in any business but you will be amazed how many get this wrong-- may be because it wasn't thought in school? I don't know. What I know is that good location is not just about where you can get many customers. It's about where you can get and retain customers with purchasing power that suit your strategy, get and retain correct staff, spend less on operations etc 3. No or poor business plan Success comes with its own challenges. A Pharmacy that is making a lot of money can close down because of that- it breeds competition, more tendencies for dissatisfying customers, expansion crisis. You must have a plan to scale through the challenges of the business at every stage 4. Poor staff motivation This is key and I can tell you this is one major Pharmacy killer. Your staff members are not your resources ! I object to that capitalist language- calling humans resources, and of course, using them as such. If you don't know how to treat your staff like partners and first customers you will soon join those ones big Pharmacies that are now dead or a shadow of their past. Practically speaking, this entails a lot of discipline and commitment, becoming groomed for effective leadership (for example, understanding what and how to delegate is key), planning for long-term employment and many other stuffs. 5. Bad financial practice The money you can make in retail pharmacy multiplies with the number of branches you have. If you don't plan long term, you put a cap on how far you can go because your decisions will be poor. Practical example: Some Pharmacies are very good in owing suppliers and then suppliers avoid them or refuse to sell to them and they can't meet up with demands. Of course, if I come today and you don't have what I want to buy, same tomorrow, same next week, I may not bother again. One financial error some Pharmacy owners make is treating the company as their ATM machine. You better know where your income to run personal affairs will come from before opening your Pharmacy. Otherwise, you will kill the business before it gets the chance to flourish. Having a solid financial plan- such that takes as many things as necessary into consideration AND following it is key to keeping your Pharmacy alive and well 6. Ahh! I haven't mentioned poor customer service! Customer is king is not an entertaining slogan o. And the fact that they are coming doesn't mean they are satisfied sir! One of them may be planning to become a competitor and capitalize on how insensitive you and/or your staff members are. Otherwise, they may be waiting and even praying for that competitor to come and the good God WILL answer their prayers because He wants the best for people while you give them trash services. You must be deliberate about customer satisfaction. All this promos some Pharmacies so don't keep customers o. If customers don't FEEL like you care about them and not just the money you want to make, sorry they will enjoy your promo and still not be loyal to you. I hope you'll put these things to heart and use them in business. If you have something serious to discuss with me please go ahead or send a mail to mailboominn@gmail.com and make the subject obvious so that I can know its not one of those mails. Thanks. |
SANCTO:Pharmagba said it all. And these days, even Pharmacists that are not well grounded in Pharmacognosy and Clinical Pharmacology will may not do so well in the business. |
pharmagba:You are right 200% |



