Category Archives: Pharmacies
top 5 revenue improvement strategies for pharmacies
Your Current Revenue Strategy The majority of pharmacies have a revenue model based upon just relying on filling scripts for their customers with little thought about increasing their number of customers, transaction frequency and average sale. Due to the fact … Continue reading
what’s my pharmacy worth?
what affects the value of my pharmacy? For many years we have been preparing valuations of pharmacy businesses to be used when buying, selling and financing pharmacies. Even though each pharmacy business is unique, the concepts of a pharmacy valuation … Continue reading
four ways to improve the profitability of your pharmacy
Profit is usually the main reason we go into business. But profit can often be difficult to manage. Simply put, profit is a residual. It is the amount left over after you have paid all your expenses.
do you understand your stock?
Your business’ stock accounts for a large proportion of the total assets of your pharmacy. As your stock gets sold and replaced during the year, it is a relatively liquid asset. An important KPI when managing stock is the Stock … Continue reading
planning for the end of financial year in your pharmacy
I can’t believe it is March already and the financial year is racing to a close. So it is important to start planning now well before the year ends. You need to make sure that you have considered the end … Continue reading
ownership rules for pharmacy
Each State has its own particular rules governing pharmacy ownership. Generally they are similar but there are some particular differences. Since the ownership rules changed in Queensland and New South Wales, there has been the
