Help start an independent pharmacy

$82,541 of $350,000 goal

Raised by 7 people in 18 months
Hello, my name is Joe and I am a happily married father of 4 children.  I am a pharmacist curently looking to fullfill my dream of owning and working in an indepedent pharmacy.

I would love the opportunity to help patients without the burden of corporate metrics and policies.  I'm fully commited to this path and will be risking my life savings to get started, but it's not enough. With as much personal risk I'm taking you can feel comfortable knowing I'm going to make my dream come true no matter the obstacles.

These guys depend on it.
Why I'm asking for your help:

I am starting this campaign to help raise the start-up capital to open a new independent pharmacy.

The location I have chosen is a rural city in Michigan that is a hub for a 3 county wide area and has a desperate need for a customer service oriented independent pharmacy.  The community is home to a hospital with a cancer center and a dialysis center. Nearby outlying communities also have small community hospitals with emergency rooms.

There are currently 5 chain/grocery store pharmacies in the town but two of these pharmacies are expected to close or be consolidated within the coming years, leaving the patients with limited choice and increasing poor customer service and level of care.  I've worked at one of the current pharmacies in town for 4+ years so I'm speaking from experience.

Patients currently have to wait hours for thier medications to be filled at some of the busy, high-volume chain pharmacies.  They certainly don't get the one-on-one attention they deserve.  Some individuals need extra time dedicated to them to be educated about thier medications and disease states.

What I want to do:

My number one goal is to provide a small-town, family feel to my pharmacy.  I want everyone that walks through the door or pulls up to the drive thru to be known by name and feel they are getting the care the deserve.

Many of the residents are low income, elderly individuals that live in a rural setting so I would like to establish a door-to-door delivery service for these patients.  In addition  I want to set my pharmacy apart from the competition by providing services such as compounding, immunizations, Medication Therapy Management, disease state education, lactation support, durable medical supplies, veterinary medications, and other clinical services. 

So why invest in me?  I'm a passionate, deeply driven individual with my patients best interests at heart.  I believe in QUALITY,  PERSONALIZED care with the highest of customer service standards.  This community once had an independent pharmacy until around 7 years ago when it closed it's doors and sold to a major chain. The patients deserve the exceptional service and high quality care that the chains and grocery store pharmacies can't provide.  Consumer reports studies so consistently that independent pharmacies provide better service to their communities.

 I need this startup capital to secure a Small Business Adminstration loan, purchase/lease equipment , building space, computers and software, supplies, starting inventory, startup services (web hosting, phone, and internet services), and initial payroll for employees until the companies can become cash flow positive.

How I'm going to pay it forward:

I pledge that every dollar donated to this campaign I will pay it forward 1.5x.  I pledge that once the company is cash flow positive and profitable I will ensure that money is donated to reputable charities that help individuals afford their medications or healthcare expenses.  I will also sponsor events at the local area schools and provide sponsorship for childrens sports teams.  I will sponsor a scholarship or establish an endowment so that a person with financial need can afford to get an education in a health related field.   These are just some of the ideas I have thought of to pay it forward.

So think of your donation as a way to maximize the impact your donation will have.

If you have a specific charity you would like my matching donation to be direct toward just leave it in the comments and I will ensure it gets honored.

Small businesses are the life blood of the American economy and are the best corporate citizens of their communites.  

So please, donate what you feel comfortable with. Every little bit will helps.
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It's Giving Tuesday!

There is no better way to pay it forward than to help a small business get started. Especially since I have pledge to multiply your contribution!

Business update: I had originally been in contact with an investor that would help fund the business but we were unable to make a deal so now I'm 100% on my own. So I need your help even more now!

I have the perfect building location in mind and the owners are waiting for me to be able to sign the lease. I can't do so until I have more of a personal contribution for the SBA loan to get started. I don't want to lose this building space so I'm asking for your help

Please consider making a contribution to help get my pharmacy out of the planning stages into the works. Remember all of your contributions will be multiplied and donated to charity once I'm profitable which according to the projections should be within 2-3 years.

The pharmacy will provide approximately 10 full time, livable wage jobs within 5 years. In addition, we will be providing a desperately needed service to the rural community I plan on starting in.

So, once again I ask for your support today with a contribution.

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I also wanted to update everyone on my progress. I have started working with a consulting company, http://www.independentrxconsulting.com/ to help me work through the business plan, obtain the SBA loan, and guide me through the licensing, contracting, regulatory, designed, lease, etc.
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In the name of complete transparency I added my all in investment that so everyone can see how much skin I have in the game. This the the current value of my retirement accounts that I plan on cashing out of to start this business. The value if before IRS early withdrawal penalties and potential taxes. These accounts are also stock heavy so the value can change based on market conditions. This is essentially the sum total of my life savings.
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Let's get started on the path to success
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$82,541 of $350,000 goal

Raised by 7 people in 18 months
Created September 12, 2016
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Denise Schimmoeller
3 months ago

Thank you for your valuable advice. Good luck in pursuing your dreams, and Merry Christmas to you and your family!

10 months ago
Greg Kasbohm
11 months ago

Stick it to the man. Screw WAG - go big or go home. Good for you.

Joe Bozelak
12 months ago (Offline Donation)

Total disbursement of retirement accounts before taxes and penalty

Marnie Chamberlain
12 months ago

I know it isn't much, but every dollar helps. I know you can do this. Keep up the good work!

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