Focussing on the Future Generations
We have often said that your team is your greatest asset. The more you invest in them the greater the return. What is most valuable for the interns and young pharmacists is the guidance and mentorship that the owners can provide. The impact they have on careers at this early stage can be immense. Owners have a key role in the development of their team. Invest in them, train them, develop them and set them up for a rewarding career.
Reach THOUSANDS of customers outside the four walls of your pharmacy.
A common statement I hear from pharmacy owners is they do not see the value in focusing on local marketing. Look I understand, any business strategy must achieve tangible results. So, today rather than standing on my soapbox and waving the marketing flag, I will discuss a case study to prove that local marketing can work in your favour.
My Top 3 Key Learnings from 2021 Valuations
You see there is this thing called Covid. You may have heard about it (I say this with most of Australia currently in lockdown.) In the world of valuations, it provided just another challenge amongst a whole raft of issues we need to consider. In simple terms from a valuation perspective when considering Future Maintainable Earnings, EBITDA becomes EBITDAC, earnings before Covid.
5 Simple Hacks That Will Improve Your Pharmacy as a Business
Someone asked me the other day, what are the basic things a pharmacy business needs to do to always see improvement. If I lean on the brains trust at Peak and reflect on the successful pharmacies that I know, and the effective owners that I admire, there are some simple things that you can do. It is all about getting the basics right and doing them well.