Business Class
The endowment effect
There’s a very good reason why you need to be aware of market conditions and not let your emotions rule when you’re selling your pharmacy, explains Natalie Sirianni It’s called …
Managing the goods
Leading pharmacy business expert Bruce Annabel provides his 10 essential tips for effective stock management Pharmacies following this guide are growing and earning high margins, Mr Annabel says. 1. Determine …
‘You are pharmacists, not retailers.’
Pharmacy business expert John Thornett says he picked up some valuable ideas at the recent Pharmacy Connect conference. Here’s his seven key learnings I find Sydney a very busy and …
Negotiating leases and shopping centre rents
What do pharmacists need to know to be better armed when negotiating new leases? Stephanie McGrath explains I have been assisting several clients lately who have had run-ins with their …
Keeping up with things
Failing to upgrade your business management software can be very costly indeed, says Fiona Dixon of HLB Mann Judd When talking to SMEs about their current accounting and business management …
The 3 Ps of POS
What can pharmacies do to sort out the three Ps of point of sale: Position, Purpose, Presentation? Simon Gerrits of Pharmacium has some tips Many pharmacies point of sale counter …
Can pharmacy find its ‘jazz hands’?
Could the 7CPA become the driving force for change in community pharmacy? Or will it still stick to the old standards? Bruce Annabel and Mal Scrymgeour look at the options …
Do you know how your dispensary is performing?
Despite advances in other new professional services and pharmacy departments, the dispensary remains the engine room of community pharmacy. According to Pharmacy Connect Conference Convenor, Kos Sclavos AM, it is …
Doing the basics well
Eight tips that have helped keep successful pharmacy owners focused on the fundamentals of their business, by John Thornett Humanity has a great ability to complicate things that are not …
One touch is all you need
The deadline is approaching for the new Single Touch Payroll system and small businesses must be prepared, says Alex King Small businesses – those with fewer than 20 employees – …
Pharmacy market update
Has the federal election had any impact on the pharmacy real estate market? Natalie Sirianni looks at the current situation As we near the completion of the 2019 financial year, …
How bankruptcy can affect your pharmacy
What are the consequences of bankruptcy? Stephanie McGrath looks at the effects on pharmacy owners On 18 February 2019 AJP reported that the National Health Amendment (Pharmaceutical Benefits) Bill 2019 …