Business Class
The right return?
What is your real return on investment? And do pharmacists understand what this actually is? Natalie Sirianni clears up the confusion As a pharmacy business broker, I often get asked …
Getting up to speed
The need to do more with less is driving automation in pharmacy, says Marta Stybowski, but are we asking the right questions? The growing pressure to achieve more with less …
A super solution
Most people overlook their superannuation when they think of ways to increase their wealth creation, says Jonathan Philpot While many consider negative gearing an investment property to be a tax …
Deciphering the puzzle
Do you know how to read a financial statement? Here’s a quick guide by Victoria Le, from Peak Strategies As a pharmacist, you are qualified and well trained to help …
Intensity and mix are everything
A discussion about coffee led Bruce Annabel and Mal Scrymgeour to think about product ranging in pharmacy and the lessons that could be learned from a good barista We both …
Sealing the deal
What are the eleven key steps in buying or selling a pharmacy? Natalie Sirianni counts down the process Selling or buying a pharmacy can be a fairly long process, usually …
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 …