STEPPING INTO YOUR BUSINESS’ SHOES – ISSUES WITH SUB-LEASING
1. Introduction Inevitably a core decision for any pharmacy business is where it decides to trade from. When choosing to lease premises the terms of your lease can be critical to the success of your
FORMULA FUELLED GROWTH
Pharmacies may have experienced super profits and a significant increase in turnover in the past few years due to the demand of baby formula and other health products in China. Fuelled by domestic safety scandals
THE CASHFLOW EFFECT OF BORROWING
The last few months have seen improved cashflow in the pharmacy as a result of the improved remuneration in the dispensary - thanks to the higher dispense fees including the AHI fee. The effect of
PROTECTING YOUR GOODWILL: RECENT UPDATES IN THE LAW OF RESTRAINT OF TRADE
A restraint of trade is a mechanism used by purchasers of businesses to protect the value of their newly acquired business (specifically, the goodwill created in that business by the vendor) against improper competition. Whilst
IS NOW THE TIME TO BUY OR SELL?
The 6th Agreement has yielded a reasonable result for pharmacy in a financial sense. While there remains some downside risk around loss of trading terms, the floor in the GP$ per script will land at a
BEAT THE CLOCK AT TAX TIME
Like most pharmacy owners, a great deal of your wealth is held within your business. This is necessary for most business owners as the business builds and there are debts to repay. Acknowledging of course
JR PROFICIES – WINTER 2015
A publication examining the issues for our clients Whats in this issue; “JRx” Rebrands to “PP Rx” EMA Now Includes Payroll Capability New Guild Gov. Pharmacy Agreement The Team Helping You Take Care of Business
HOW’S YOUR BUSINESS HEALTH???
It’s that time of the year again, time to give your pharmacy a health check. As communities battle the onset of the traditional flu season, community pharmacies are battling the implications of the most recent
DO YOU WANT A DOCTOR IN YOUR PHARMACY?
Thanks to two new websites and the readily available technology we are all using everyday, you can have one. In fact, your customers can now have a doctor in their lounge room, their office, or
TERMINATION OF EMPLOYMENT
NAVIGATING THE PROCEDURAL REQUIREMENTS UNDER THE FAIR WORK ACT AND THE HEALTH SERVICES MODERN AWARD Terminating an employee can be a difficult and often emotional part of operating a business. The stress of termination can
SO YOU FOUND AN OPPORTUNITY!
Having found a pharmacy opportunity it is important to understand if it is affordable. The affordability question is distinctly different from the question of what the pharmacy valuation is. Each pharmacy has a different set
MARKET UPDATE
Many of my pharmacy clients don’t rely entirely on their business to support them in retirement. They take advantage of the concessions to be had investing in superannuation and invest in companies they like to