Tax legislation is forever changing. An important part of our client service is to ensure our pharmacy and small business owners are up to date on such changes, and that we implement the most tax effective strategies. The purpose of this blog is to highlight a few recent changes that may affect your business and overall family group taxes.
My weeks have been filled with a lot of meetings of late and in these meetings a common theme keeps cropping up. All pharmacies are looking for a simple marketing strategy that they can implement to boost their customers’ average spend in store. The most common approach in pharmacy is when a patient needs a specific prescription or service, your team is trained to offer additional products or services during that transaction. This is a valuable yet simple method, and I recommend for every pharmacy to do this.
Community Pharmacy is a resilient industry and over the years you have had a lot of challenges thrown at you and boy have you battled hard for your community; for all Australians. Unfortunately, another obstacle has been thrown into the pharmacy landscape and your next challenge which will have a huge impact on your business and patients’ welfare is to commence on 1 September 2023; 60 day dispensing.
Pharmacies are likely to be impacted negatively through this policy and I want to share some insights on how you can keep track of your pharmacy’s performance through Key Performance Indicators (KPIs)
So much has transpired in my life over the past few years and the most heartwarming change was my transition into motherhood and embracing the role as a proud parent to my son, Harry (fondly referred to as Hazza around the office). During my maternity leave, my interaction with pharmacists took on a new dimension; something any new parent can easily relate to! The frequency of my visits to pharmacies undoubtedly surged and well, pharmacies became my new best friend. These experiences have further expanded my knowledge so when I returned to work and started working with pharmacies and their marketing, my approach also evolved.
