Tim Ulbrich, PharmD, CEO and co-founder of Your Financial Pharmacist, recently had a discussion with Mike Koelzer, a pharmacist, about the potential impact of technology on the pharmacy profession. The conversation touched on several key themes, including entrepreneurship, the future of education, and the impact of technology and social media on professionals.
One of the key takeaways from the discussion was the importance of defining a target audience and finding a niche when starting a business in the pharmacy or entrepreneurship field. Tim and Mike emphasized the importance of finding a unique advantage and aligning it with personal passions and impact. They also discussed the idea of over-glorification of entrepreneurship in society, and how having a steady job with set hours can be more peaceful for some people.
Another important conclusion was the potential impact of technology on education. Tim and Mike agreed that academic institutions will have to evolve and adapt to changes in technology, and that there is room for both traditional education and alternative methods. They discussed the possibility of a network-based apprenticeship model, where students spend time with different professionals in various fields, gaining hands-on experience.
Finally, the discussion touched on the impact of social media and technology on professionals, including the value of a college education. Tim and Mike acknowledged that technology has removed the middleman in many industries, allowing individuals to reach a worldwide audience in a short amount of time, but that the disruption of structured degree programs and licensing requirements may take longer in certain industries like pharmacy and healthcare.
In conclusion, the discussion between Tim Ulbrich and Mike Koelzer offered valuable insights into the intersection of financial wellness, technology, and entrepreneurship. It emphasized the importance of finding a target audience and niche, the potential impact of technology on education, and the impact of technology and social media on professionals.
The Business of Pharmacy Podcast™ is an interesting and entertaining weekly podcast discussion on the business of pharmacy. Hosted by Mike Koelzer, an independent pharmacist in Grand Rapids, Michigan, each episode covers a new topic relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.
