News

Given the significant sale prices being achieved for pharmacy businesses and the increasing complexity associated with being a proprietor of a retail business, where should a pharmacist start if considering to buy a pharmacy outright

As we near the end of 2021, we look back at what has been an interesting and challenging year for some in the pharmacy industry.  Pharmacy owners have been faced with a wide variety of

A pharmacist looking to sell or buy a pharmacy business is commonly asked to sign a heads of agreement as a pre-cursor to signing a formal contract of sale of business. A heads of agreement

Understanding how banks think and behave - and what they look at in a business - is essential for pharmacy owners, says Sigma Financial Services. Proper financing, and an understanding of how banks think and

For most small retail businesses, wages represent a significant outgoing. In pharmacy, they represent the largest controllable cost. Good people come at a cost but they, along with the owner, represent the goodwill of the

The Covid-19 pandemic will have a direct and lasting impact on businesses of all sizes. While the full effects of the pandemic are yet to be seen, the uncertainty of shifting restrictions and snap lockdowns,

It is surprising how often I come across a situation where a pharmacy business has obviously grown over time and operates from 2 adjoining premises which have been linked by the pharmacist creating a large

Our long experience tells us that there are five fundamentals that can go wrong in a pharmacy business. One of those is motivation and remuneration of staff - but there is another aspect of the

Preparing annual financial projections and monitoring for your pharmacy is imperative to fully understand and control your pharmacy business model. Cash flow projections provide pharmacy owners with first-hand insight into the impact of decisions through

In deciding to own and operate a pharmacy business, there is no doubt that the pharmacy owner will have a long-term goal of maximising the value of their business. While pharmacy business owners are typically

It's said in many a business course that it's not possible to manage what you're not measuring. When the team at Sigma Financial Services conducts comprehensive Finance Health Checks with our customers, there are specific

In today’s highly competitive environment, effectively using data has never been more crucial. Key Performance Indicator (KPI) reporting allows pharmacy owners to gain deeper insights into their business performance, and ultimately gain a competitive advantage.