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Member-pharmacy only
FPP Blog: An informed pharmacy is an empowered pharmacy
6 December 2019
The WA Commercial Tenancy Act is now under review!In Western Australia, most retail shop leases are regulated by the Commercial Tenancy (Retail Shops) Agreements Act WA. Having an understanding of the Act is essential when leasing premises to operate a…
WA | Blog Post | Capability, Business Administration, Infrastructure, Resilience
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FPP Blog: The 3 Dimensions of Job Satisfaction
2 December 2019
If you want passion, enthusiasm, energy, caring and concern from your employees towards your customers, what do you need to do?
WA | Blog Post | HR, Capability, Business Administration, Leadership
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FPP Blog: The Process of Buying a Pharmacy - Part 2
22 November 2019
We continue with our step-by-step guide to buying a pharmacy. In the previous blog we covered issues surrounding family, strategy, your network of advisors, advice on legal structures and funding. Now we explore opportunities, sale agreements, due diligence, funding and…
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FPP Blog: The Process of Buying a Pharmacy
15 November 2019
The biggest decision in any ambitious pharmacist’s career will be the first pharmacy purchase. Not only is it the biggest investment decision they will make, bigger than the family home, but also is associated with the biggest debt and the…
WA | Blog Post | Capability, Business Administration, Infrastructure, Resilience
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Member-pharmacy only
FPP Blog: Issue 71: Preparing the next generation of pharmacy owners
25 October 2019
For those of us who are business owners, many remember that first time we ventured into the business world. Whilst we were all quite competent in our respective professions, the leap from professional to business owner is a big one.…
WA | Blog Post | Training, Business Administration, Innovation, Leadership
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Member-pharmacy only
FPP Blog: Issue 70: Key KPI's for Pharmacy Retail
20 June 2019
Pharmacy as a business model is unique in so many aspects, but it still has a lot of elements in common with many other retail businesses. Insulating ourselves within our own industry can restrict our ability to learn from others…
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Member-pharmacy only
FPP Blog: Issue 69: Tax Planning Strategies
9 May 2019
In today’s era of taxation law, the days of a “once a year” tax planning strategy are long gone. It’s a year-round strategy that you must be aware of and communicate regularly with your accountant on. However, with another financial…
WA | Blog Post | Training, Business Administration, Innovation
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Member-pharmacy only
FPP Blog: Issue 68: Cashflow as the Lifeblood of Any Pharmacy
11 April 2019
It is often said that cashflow is the lifeblood of any business. This is extremely relevant in pharmacy where so much money is tied up in stock, customer debtors, PBS amounts owing, together with paying suppliers, etc. It is a…
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Member-pharmacy only
FPP Blog: Issue 67: Family Trusts
28 March 2019
By far the most common legal structure used by most small businesses, and certainly since October 2010 in pharmacy land, are Family Trusts. While they offer a lot of benefits, particularly regarding income distributions and tax efficiency, they are very…
WA | Blog Post | Capability, Business Administration, Innovation
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FPP Blog: Issue 66: Lease vs License
14 March 2019
If you have any questions about your lease or want to know more, The Guild WA is hosting a Rental & Leasing Information event with industry experts on April 2nd, 2019.Click here to learn more about the event and register…
WA | Blog Post | Capability, Business Administration, Innovation
Page last updated 18 January 2019