Labor costs can really cut into margins in an independent pharmacy. Working with pharmacists across the U.S., Ollin Sykes of Sykes & Company P.A. has seen a wide variance in what pharmacists are spending on labor. In this video, he talks about what percentage of your gross revenue should go to labor costs and what to consider if you need to cut costs.

Thinking about buying an independent pharmacy? Check out “Business Structures for Independent Pharmacies” to learn details about the various structures available.