Every month Pharmacy Daily recruits an industry professional to be our guest columnist and supply the industry with general information about their profession or service, which features in the issue each Monday.
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Recent research that we have conducted assessing the retail performance of a group of forty ‘typical pharmacy businesses’ highlighted some really interesting insights and suggests that of all factors affecting pharmacy performance those you CAN control have more effect on profitability than those you can’t (competitive set, distance to doctors etc).
Every day people make thousands of decisions including purchasing for themselves and family.
Executing exceptional business and retail programs and promotions requires meticulous project management.
With the increased number of registered pharmacists currently in Australia, locum jobs have become very competitive, and usually filled within a few hours of being listed.
It’s undeniable that in the current climate to run a successful business you must have strong management skills, but what about leadership skills.
Whilst having the appropriate pay rates for employees is a big help in retaining staff, employee appreciation in other ways is never out-ofplace.
One of the most common complaints I hear from pharmacy owners is “How can I find the right people for my pharmacy and how can I get them to stay.
In my 28 years of business finance experience one thing I have learned is that a business is a team effort and pharmacy is no exception.
