FURTHER DISTRESSED ASSETS BUT LOOK FOR POSITIVES
It is not helpful for the pharmacy industry that there are a couple more groups now in (and about to be in) receivership. As I wrote a few months ago there is pain to be
STRUCTURING FOR SUCCESS
Previously we have written about the challenges of buying a pharmacy including some of the financial realities that surround a successful purchase. This article is about structuring for success. Pharmacy business structuring includes a myriad
SURVIVING THE RENTAL BLUES
It is evident that survival in the current turbulent times requires a great deal of vigilance on all aspects of your pharmacy business. Extra care with staff costs, greater discipline in your buying and not
PBS REFORMS – ONE YEAR ON
The PBS reforms which began in April 2012 are almost a year old. At the time there was much industry wide discussion and opinion on how they would affect Community Pharmacy. Some accounting groups argued
THE COMFORT’S IN THE PLANNING – BUSINESS SUCCESSION PLANNING FOR PHARMACISTS
Have you ever thought of what would happen to your interest in your pharmacy business if you suddenly died or became permanently disabled? Have you ever wondered what would happen if either of these sudden
HAPPY NEW YEAR
I hope the festive season was relaxing and that you are ready for a busy 2013. This year will continue to pose challenges, (as have the last few), but if these are met with a
ANOTHER YEAR COMES TO A CLOSE – WHAT A CHALLENGE IT HAS BEEN!
Another year is almost behind us and it has been a year of significant change for the pharmacy industry with the effects of price disclosure starting to be felt by all pharmacy owners. This year
WHAT SHOULD YOU LOOK FOR WHEN CHOOSING A BANKING PARTNER?
Some may recall a television advertisement where a banker is at a BBQ, and the participants grow very silent when he announces what he does for a living, but there is then a collective sigh
WOULD YOU LIKE TO HAVE A MEDICAL PRACTICE ADJOINING YOUR PHARMACY?
You probably all know a pharmacy that enjoys the significant benefits that flow from the creation or expansion of an adjoining medical practice. Despite appearances it is unlikely these “success stories” have happened by accident.
THE IMPORTANCE OF FINANCE STRUCTURE
Whenever you take out a loan, it is very important that you consider that the structure you decide best suits your individual situation and financial goals. There are many options to consider – interest only
PROTECTING AGAINST THE UNKNOWN: SHARE SALE AGREEMENTS AND LIABILITIES
High purchase prices and current bank lending policies mean that often the only way a young pharmacist can gain an ownership interest in a pharmacy is by buying into a partnership or a company that
FINANCE TIPS FOR YOUR FIRST PHARMACY PURCHASE
Buying your first pharmacy and arranging finance is not that different to buying your first house. They are both major purchases in your life and it pays to research and plan. Surrounding yourself with professionals