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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When purchasing a pharmacy, the buyer must consider several key aspects before making the final decision on the value that the business presents to them.
Retail pharmacy has become a very competitive environment which is unduly exposed to high rentals and threatened by a continual ratcheting of the PBS.
Putting a loyalty card in your store, giving away discount every sale and never communicating with these customers is not customer driving loyalty; it is giving away margin.
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.
