MISSED OPPORTUNITY OR UPSIDE OPPORTUNITY?
The importance of margin in the retail area of pharmacy is often dismissed/ignored on the basis that the total store has remained profitable. Over the last decade there has been a proliferation of community pharmacies
CASHFLOW – THE LIFEBLOOD OF EVERY ORGANISATION
Some business owners believe if they are profitable they are on the road to riches. Unfortunately I have witnessed good profitable companies fail too often. The majority of these failures are due to either not
SOMETIMES A DEAL IS TOO GOOD TO BE TRUE. THE VALUE OF DUE DILIGENCE
Buying a pharmacy is a big investment, so you would of course undertake due diligence before making such a substantial commitment. But what should you check? Do you simply have your accountant check the books
THE INCREASING COST OF INVESTING
Over the last five years the financial performance of pharmacy has been subject to the following. Flat script growth; Loss of retail sales; Flat to declining retail margin; Loss of customers; A period of rising
FINANCIAL MARKETS UPDATE 2013
With Markets recently focusing on the expectation of the US Quantitative Easing (QE) Program being tapered back, we have experienced a steepening of the yield curve, with longer term Swap rates rising significantly. Under a
NEW CHANGES TO THE FAIR WORK ACT – FAMILY FRIENDLY WORKPLACES
The Fair Work Amendment Bill 2013 which was passed on 27 June 2013 has the effect of extending existing family friendly measures (‘the Amendments’) under Fair Work Act 2009 (‘the Act’). Pharmacy businesses should take
Keys For Acquisition
When purchasing a pharmacy, the buyer must consider several key aspects before making the final decision on the value that the business presents to them. Understanding these aspects and incorporating them into the purchase decision
PHARMACY VALUES
Retail pharmacy has become a very competitive environment which is unduly exposed to high rentals and threatened by a continual ratcheting of the PBS. Where will prices of pharmacy head in the future? Certainly there
SELL NOW OR WAIT?
Selling your pharmacy, which is often your largest asset and also perhaps even your retirement purse, is a very large decision. When is the time right for such a move? There are many considerations that
LESSONS LEARNT IN FY13: WHERE TO IN 2014
The 2012/13 financial year has provided many challenges for pharmacy. It has also seemingly laid the road map for pharmacy moving forward. Challenges bring out the best in people and there has been many pharmacists
SMSFS AND THE INVESTMENT PROPERTY DECISION
Recently, much has been made by the Australian Investment and Securities Commission (ASIC) and others of property spruikers enticing people to establish Self-Managed Superannuation Funds (SMSF) using the Limited Recourse Borrowing Arrangements (LRBA) inappropriately. The
EMPLOYEE OR INDEPENDENT CONTRACTOR – ACE INSURANCE VS TRIFUNOVSKI
On 25 January 2013 the Full Court of the Federal Court handed down its final decision in the case of ACE Insurance Ltd v Trifunovski [2013] FCAC 3 (‘ACE Insurance’). Upholding the