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
TAKING PROACTIVE STEPS TO PREVENT SEXUAL HARASSMENT
AND THE CONSEQUENCES OF FAILING TO TAKE CARE OF EMPLOYEES’ SAFETY AND WELLBEING Employers are ordinarily aware that sexual harassment in the workplace is against the law. However, recent case law has displaced previous assumptions
COVERING ALL BASES WITH INCOME PROTECTION
There are a number of insurances to look at when in business. An example for Pharmacists to consider might be insuring the lives of their business partners so the business partner’s estate can be paid
MANAGING PBS REFORMS – WILL SCRIPT GROWTH COMPENSATE?
There has been much commentary on the impacts of PBS reforms and price disclosure on dispensary sales, gross profit and substitution, yet the flow on effects to Pharmacy valuations are certainly much less discussed if
UPDATES TO THE PRIVACY ACT
On 12 March 2014 there was a significant update made to Australian Privacy and Information Laws, marking a significant change in the way Australian businesses deal with customer data. These include: the Australian Privacy Principles,
SELLING YOUR PHARMACY? – HAVE YOU LOOKED AT THE SMALL BUSINESS CAPITAL GAINS TAX EXEMPTIONS YET?
You have successfully operated your pharmacy for many years and it is time to sell – maybe to retire or look at other business opportunities. Many issues would be on your mind like finding the
IS YOUR TEAM MATCH FIT?
With the climate of change you’re experiencing in your industry, have you considered if you and your team are prepared as best you can be? Your team could include your bank, accountants, suppliers and anyone
THINKING OF SELLING? ARE YOUR FINANCIAL REPORTS READY AND ACCURATE?
Accurate financial reports are necessary when selling a pharmacy. However, accurate and timely financial information should be front and centre of your mind all the time. Tracking retail financial data enables pharmacy owners and managers
APP WRAP UP
Once again, APP has come and gone for another year. It was exciting to experience the optimism from most of the delegates, despite some corners of the market pushing the doom and gloom barrow. Particularly
GETTING TO SETTLEMENT WITHOUT THE STRESS
Purchasing or selling a pharmacy is usually an exciting time, but it can also be a frustrating period if you don’t have service providers with knowledge of the pharmacy industry driving the transaction. In a
WHERE DID THE MONEY GO?
This is a question to which you must understand the answer. With continuing volatile trading conditions, managing cash flow in the pharmacy is vital because external factors often restrict cash when it is most needed.