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

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!

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Most startups are doomed to fail. But there’s an alternative route to financial freedom for hungry entrepreneurs. One that involves far less risk, far more work-life balance, and just as much profit. Franchises. Franchise Empires 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. We’ll break down the steps you need to take open your first franchise, your second location and beyond, along with the many pitfalls to avoid. Wolf answers all your questions about owning and running your franchise, and interviews guests with first hand experience like Greg Flynn, the multi-billion dollar restaurant franchisee, Jamie Weeks, the largest OrangeTheory franchisee in the world who’s launching his own fitness franchise SweatHouz, and Jason McGowan, Co-founder and CEO of Crumbl cookies. Want to get started on your franchise owning journey? Tune in every Tuesday for a new episode. Make sure to subscribe wherever you get your podcasts. Interested in participating as a guest at Franchise Empires? Submit your request here!