Recent News
Why Do I need a Business Valuation
A Business valuation is the process applied by a qualified valuation expert to determine the fair market value of an owner's interest in a business. As a current or prospective pharmacy owner, a business valuation will provide you with an analysis of the pharmacy's value along with the strengths and weaknesses inherent in the business. The purpose of this article is to identify the concepts behind valuation in pharmacy as well as the reasons why a valuation would be conducted.
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Posted: 20 May 2008Tech Review - Mobile Devices
For some time, I have been asked by pharmacists as to the use of "these Blackberry devices". This is shortly followed by the phrase; "should I get one?". So I thought I would take this opportunity to discuss some developments in the mobile industry, including some information on the gadgets coming to market in the coming months. Make sure you read this before buying any Christmas presents!
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Posted: 18 December 2007Pharmacy Ownership: Generational Change
As with many major business changes, an unexpected event creates an opportunity which drives the required fundamental and lasting change.
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Posted: 4 September 2007Succession Planning: maximising financial and personal satisfaction
With a significant number of current pharmacists estimated to be over the age of 50; the next ten years will bring about many challenges for pharmacy. The consequent change of owner to a younger generation of pharmacists will, without a doubt, expose the value of succession planning. For many, a succession plan enables the protection of assets and use of business equity to formulate and implement a retirement strategy.
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Posted: 25 July 2007SECTION 1 - IT In Your Personal Life
A colleague and I presented recently at the Pharmacy Snow Business Conference held at Mt Buller and posed a question to the participants: "How many of you know the specifications of your personal computer (PC), either at home or at work?" To my surprise and amazement, one person in the entire room raised their hand. From that point, my discussion changed course from advancements in Information Technology (IT) to UNDERSTANDING YOUR I.T.
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Posted: 6 March 2007SECTION 2 - IT In Your Professional Life
A colleague and I presented recently at the Pharmacy Snow Business Conference held at Mt Buller and posed a question to the participants: "How many of you know the specifications of your personal computer (PC), either at home or at work?" To my surprise and amazement, one person in the entire room raised their hand. From that point, my discussion changed course from advancements in Information Technology (IT) to UNDERSTANDING YOUR I.T.
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Posted: 6 March 2007More Medici Capital Articles
News
Accounting Practices For SalePractice4Sale is currently seeking Accounting Practices For Sale to list on our website. We have been involved in listing accounting practices for a number of years, however of late, our accounting subscribers have become increasingly interested in purchasing an accounting practice.
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Getting into the game!To get into the game, you need to do your homework and be prepared. This means knowing what you can afford and checking the details. While it is, and remains, a sellers' market, there are many opportunities for first time buyers if you look carefully.
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Selling your pharmacy - steps to a successful saleFor many pharmacy owners, they will need to seriously consider selling their pharmacy. Whether this is for personal reasons or forced on them by market conditions, they will need to approach the process with caution and take control. It's your money! It's also your retirement plan! These days, selling a business is harder than ever and the main reason is competition. Take control of the process and ensure that your business is being sold to the "best" and most qualified buyer.
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10 Key Moves When Selling Your Small BusinessWhen it comes to selling a business, organized, detail-oriented people have it all over the rest of us. Good records can mean the difference between selling for millions-or not selling at all. To sell well:
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Keep the Sale of Your Business ConfidentialThe California Association of Business Brokers (CABB - a non-profit trade organization) wants you to know that to get the best price when selling your business, mum's the word. "Keeping the sale of your business confidential is what business brokers do well and this will help you avoid distractions during the sale process," stated Ron Hottes, president of CABB and of several Business Team Business Brokerages in California.
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Pharmacy 2009 APP Conference EndsGOLD COAST - The APP Pharmacy Conference for 2009 came to an end last Sunday, with a large number of industry delegates braving the financial crisis to make a showing in record numbers.
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Australia Job Ads SlideSYDNEY - AUSTRALIAN job advertisements in newspapers and on the Internet slid again in March, a survey showed on Monday, painting a bleak outlook for employment and adding to the case for another cut in interest rates.
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Looking To Buy A Practice? Join Our Practice Wanted SystemAre you looking to buy a professional practice? If you have been looking to buy a professional practice, but are having difficulty in finding sellers of these businesses, then you can now make use of our Practice Wanted service ... FREE!
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Australian Banks to Haul in $5b in FeesAustralian banks will collect more than $5 billion in fees in the year ahead as they aim to survive the global economic crisis, a researcher forecasts.
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New Medici Capital WebsiteWe are pleased to announce that our parent company, Medici Capital has re-launched their website at www.medici.com.au.
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Pharmacy Rents - dealing with your landlord in this climateThe economic and financial climate has added further pressures to pharmacy rents by FRANK SIRIANNI, Management Consultant, MEDICI CAPITAL (www.medici.com.au)
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Pharm-E-Footy Open For 2009Registrations are now open for Medici Capital and Fred Health PHARMeFOOTY.
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Pharmacy Ownership Ready SeriesPlease note: This is a pharmacist only event
Medici Capital are once again running their acclaimed Ownership Ready Seminars for pharmacists. If you're looking to buy a pharmacy, then ensure that you understand what you're buying and how to get it at the right price.
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Nokia E71 Receives AccoladesNokia E71 Selected as Best Mobile Phone in WIRED Magazine's 2008 Best of Test
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Succession PlanningSuccession Planning: an important strategy for wealth creation and the long term survival of independent community pharmacy
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We're Number 1 in Google: Jobs4Careers.com.auJobs4Careers is now number 1 in Google for the search terms
pharmacy jobs and
pharmacist jobs. After 6 months of being Australia's largest listing service for pharmacy jobs; having only operated for 16 months, Jobs4Careers continues to climb up the search engine rankings.
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Jobs Site Introduces Mobile BarcodesLast week, Jobs4Careers began a number of additions to the site, aimed at improving the use of our systems by job listers and job seekers. Last week, we loaded up our mobile barcode system.
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Pharmacy Event: Pharmacy Business Ideas BreakfastIn the financial turmoil of recent months, we have flooded with negative media highlighting the harsh realities of a financial downturn.
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Recent Ask An Expert Articles
Ask An Expert has expanded its range of categories in 2009. You can now find questions and articles about Benchmarking, Buying a Business, Selling Your Business, Finance, Valuations, Pharmacy Rents, Partnership, Technology, Careers and Succession.
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Welcome to 2009
From Jobs4Careers and Practice4Sale, we welcome you all back to work for 2009! We hope that 2008 proved to be a successful year for many of you, (despite the financial crisis), and wish you all the best for 2009.
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