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    S7 E3: The Only Pharmaceutical Franchise— With Multi-Unit Owner, Jim Kodman

    S7 E3: The Only Pharmaceutical Franchise— With Multi-Unit Owner, Jim Kodman

    FromFranchise Empires

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    S7 E3: The Only Pharmaceutical Franchise— With Multi-Unit Owner, Jim Kodman

    FromFranchise Empires

    ratings:
    Length:
    31 minutes
    Released:
    Oct 17, 2023
    Format:
    Podcast episode

    Description

    Join The Wolf as he sits down with Jim Kodman, a pharmacist and franchise owner of Vital Care, an acute and chronic infusion service franchise, as he reveals how Vital Care became the fastest-growing infusion franchise company in the nation, with over 60+ locations. 
    Jim shares his journey of becoming a franchise owner and unpacks exactly how Vital Care conquered the market in the home and specialty infusion service industry. 
    Jim also explains the importance of working with IV medications and the impact it has on patients' lives, later discussing his growth goals for Vital Care and the contracting opportunities that come with expanding the franchise. 
    Plus, tune in to find out how margins in the pharmaceutical industry vary from other sectors, and the unique qualifications anyone interested in franchising a home infusion franchise should possess.
     
    00:01:12 - Specialized Home Infusion for Neurologic Conditions
    00:05:07 - Vital Care: Treating Severe Conditions
    00:08:53 - The Scale of Franchise Growth
    00:12:16 - The Cost of Medication Coverage
    00:17:55 - Pharmacist Diversifies with Vital Care Franchises
    00:21:31 - Franchise Your Pharmacy for Success
    00:23:59 - Owning a Pharmacy Without Being a Pharmacist
    00:26:34 - Understanding Pharmacy Margins: A Range Analysis
    00:29:28 - Expansion Goals for Vital Care
     
    Learn More About Vital Care: 
    Website: https://www.vitalcare.com
     
    Learn More About Advance Care Pharmacy:
    Website: https://www.advancecarepharm.com
     
    Follow Jim: 
    LinkedIn: https://www.linkedin.com/in/jim-kodman-rph-485333124/
     
    Follow The Wolf: 
    Newsletter: https://workweek.com/brand/the-wolf-of-franchises/
    YouTube: https://www.youtube.com/@thewolfoffranchises
    Twitter: https://twitter.com/franchisewolf
    Website: https://www.krokit.com
     
    Are you a future franchise entrepreneur? Find all of the tools you need to launch, operate, and expand your franchise empire with the platform created by The Wolf himself, Krokit.com.
     
    And if you’ve enjoyed listening to Franchise Empires, I’d be so grateful if you could drop me a 5-star review on Rate My Podcast. Thank you so much!
    Released:
    Oct 17, 2023
    Format:
    Podcast episode

    Titles in the series (100)

    There’s more than one way to find financial freedom. Most startups are doomed to fail, but there’s an alternative route for hungry entrepreneurs. One that involves far less risk, far more work-life balance and just as much profit. Franchises. This is the podcast that gives aspiring franchise owners the playbook to build a multi-unit franchise empire of their own. Every episode we hear from guests who are building their franchise empire: Franchisees who started with one unit and aren’t stopping until they get to dozens, hundreds, or even thousands more locations. Hosted by The Wolf, you’ll hear exactly how to turn your ambition into tangible actions and take your first steps up the franchise ladder. You’ll get a breakdown on the steps you need to take open your first franchise, your second location, and beyond, along with the pitfalls to avoid. We answer all your questions about owning and running your franchise with relatable guests, sharing their first hand experience. To get started on your franchise owning journey, tune in on March 3rd for our season premiere, with new episodes every Tuesday. Make sure to subscribe wherever you get your podcasts.