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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
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Member-pharmacy only
FPP Blog: Issue 65: Top Tips of Pharmacy Partnership
14 February 2019
The reality of modern-day pharmacy is that the most likely entry point for a young pharmacist into ownership is via a partnership opportunity. Most pharmacists just do not have enough available funds to invest in a pharmacy outright.
WA | Blog Post | HR, Business Administration, Innovation, Leadership
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FPP Blog Series: Issue 64: How Nurturing a Loyal Customer Base can Contribute to Sustainability, Profitability and Growth
31 January 2019
The sad truth is that the loss of just a handful of loyal customers can cause community pharmacy's, specifically smaller ones, to suffer severe financial losses as well as irreparable damage to their reputation.The first step would be by providing…
WA | Blog Post | Business Administration, Community Engagement, Innovation
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Member-pharmacy only
FPP Blog: Issue 63: Getting Ready for KPI Monitoring
10 January 2019
In keeping with the saying ‘good decisions come from good data’, this blog will focus on the first considerations in preparing your pharmacy for accurate monitoring of its financial performance.
WA | Blog Post | Training, Business Administration, Innovation, Leadership, Clinical
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FPP Blog: Issue 62: Predictions In Retail Trends For 2019
3 January 2019
This holiday season in WA has proved to be quite successful for those in the retail industry, as generally most retailers were able to enjoy a successful Christmas period. Increases in December retail sales have been reported, and the rise…
WA | Blog Post | Capability, Business Administration, Marketing, Innovation, Resilience
Page last updated 18 January 2019