News

News2020-09-29T06:04:40+10:00

SURVIVE AND THRIVE IN TURBULENT TIMES

2009 has started with disturbing news of higher unemployment, brought on by the turbulence in the financial markets and downturns in sectors like tourism, construction, and the motor trade. The good news for the pharmacy

April 16th, 2009|

FRANCHISING TRENDS IN PHARMACY

Rewind 140 years or so to find that in 1863 the world’s first commercial franchise was granted by Singer Sewing Machine Company, which allowed franchise owners to sell products using the Singer name. Although franchising

January 13th, 2009|

NEW SUPER HEADACHES FOR SMES

Small business operators will be burdened with additional administrative challenges if not prepared for the new Quarterly Superannuation Guarantee which takes effect on 1 July 2003, cautioned Scott Doyle, Managing Director of ADP Employer Services.

January 13th, 2009|

REPRESENTATIONS AND WARRANTIES

With almost all sales of businesses, a vendor will endeavour to present the business in the most positive manner and as a consequence, will make certain representations in order to encourage a purchaser’s interest. These

January 13th, 2009|

LEGAL DUE DILIGENCE IN PHARMACY TRANSACTIONS

It is common to see in almost all contracts for pharmacy business sales a clause making the sale conditional upon a satisfactory financial due diligence exercise being carried out by the purchaser’s accountant. As a

January 13th, 2009|

BANNER GROUP MEMBER AGREEMENTS – BE WARY

It is now a standard occurrence when joining a large banner group that pharmacists are being asked to sign formal ‘member agreements’ which are not only lengthy and complex documents, but are legally binding upon

January 13th, 2009|

RESTRAINTS OF TRADE IN PHARMACY SALES

As with most business sales, the giving of restraints of trade by a vendor pharmacist is an important aspect of transferring the business goodwill to the purchaser. However, many would be surprised to know that

January 13th, 2009|

TAX EFFECTIVE WILLS

A will is only part of Estate Planning. One wants to organise their affairs in a way to minimise cost, tax and stamp duties so as to maximise the Estate. As assets may be held

January 13th, 2009|

PHARMACY RELOCATION

Numerous pharmacists are asking questions relating to the relocation rules or new number approvals for pharmacy. These queries have increased considerably in the past 12 months as sale prices for pharmacies have continued to remain

December 10th, 2008|

BENCHMARKING AND WHY YOU NEED IT

The term benchmarking has been heard a great deal in business circles in recent years, but it’s not some fancy new process. Benchmarking is simply the process of measuring yourself against others to identify how

December 10th, 2008|