The key to good financial health is being able to make decisions based on fact and not intuition, PBN2015 will arm you with the tools to calculate your financial health.
SPONSORED: WHETHER YOU ARE a small business owner or you are managing a larger group of businesses, it is critical that you understand the importance of financial reporting and that you are able to use the information contained to manage and control your finances and make more informed decisions armed with facts, not intuition.
Financial analysis can tell you a lot about the performance of your business and its overall financial health. Taking time to study the numbers will help you identify problems, as well as realise the great performing areas of your business and focus your efforts on improvement and innovation.
The 2015 Pharmacy Business Network session Calculating and assessing your financial health introduces basis financial analysis tools to assist in making comparisons of your actual financial performance with forecast targets, performance in past years and industry averages.
This session will assist delegates to develop “snapshot” measures for their business. You will learn of some of the more useful business metrics and ratios you can use to measure business performance and to maintain the financial health of your pharmacy. You will also learn the difference between cash and profit and be provided with other “non-financial” metrics that could be used to identify opportunities for growth in your business.
Attend the 2015 Pharmacy Business Network at Etihad Stadium, Melbourne, on 17 – 19 September to learn how to make informed financial decisions and promote innovation in your pharmacy business. Registrations for PBN2015 are available online at www.pharmacybusinessnetwork.com