Want to own multiple pharmacies? Then make yourself redundant

Want to own multiple pharmacies? Then make yourself redundant

Owning a pharmacy is never easy. It involves a lot of risk, a lot of hard work, and the ability to change, evolve and adapt. There are many challenges that get thrown your way that you must deal with effectively. Many of which are completely outside of your control. And the reality is, not everyone is destined for pharmacy ownership. It’s not for everyone. 

So, what does it take then to own multiple pharmacies? It takes a very special kind of owner with a different skill set. If you are heading down this path, there are some important things you need to know about.

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Advise for first time pharmacy buyers

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Advise for first time pharmacy buyers

You’re a pharmacist and have been working for a few years in a pharmacy, most likely with the title of manager.  Now finally! You’ve been given the opportunity to buy a partnership interest in the pharmacy you work at, and you’ve got many emotions bubbling throughout your head so, you’re not quite sure what to do.

Firstly, take a big deep breath and read this article……

A common trend we see from top level pharmacies

A common trend we see from top level pharmacies

As pharmacy accountants and bank panel valuers we see a variety of businesses, all with different systems that make up their finance function. Furthermore, each finance function has varying degrees of complexity and competency. As we do a lot of valuations over the course of a year we see financial reports in a whole variety of states.

Acknowledgement of Country

Peak Strategies acknowledges the traditional custodians throughout Western Australia and their continuing connection to the land, waters and community. We pay our respects to all members of the Aboriginal communities and their cultures; and to Elders both past and present.

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