Practice4Sale.com.au News & Press Releases:
Pharmacies are changing hands, buyers are actively looking for opportunities in all sectors from the small rural pharmacy through to the large shopping centre sites.
I often hear from young professionals "I looking for a business to buy". When I inevitably ask them, "what are you looking for?". They seem to always respond - "anything".
Practice4Sale.com.au has expanded its list of professions to include Chiropractors. We are now advertising Chiropractic Practice For Sale and Chiropractic Partnerships with our first listing going live late last week.
- Commercial Finance - Are we there yet
- Pharmacy Returns - are pharmacy returns reasonable in the current market climate
- Practice4Sale and Jobs4Careers Services
- Wealth Transfer - Extracting the most value from your pharmacy
- Making the Most of Practice4Sale and Jobs4Careers
- Greenfield Pharmacies
Recent News
Why Do I need a Business ValuationA 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.
Read More Posted: 20 May 2008
Tech 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!
Read More Posted: 18 December 2007
Pharmacy Ownership: Generational Change
As with many major business changes, an unexpected event creates an opportunity which drives the required fundamental and lasting change.
Read More Posted: 4 September 2007
Succession 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.
Read More Posted: 25 July 2007
SECTION 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.
Read More Posted: 6 March 2007
SECTION 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.
Read More Posted: 6 March 2007
More Medici Capital Articles
News
Value and Price - Are They The SameWhat's the difference between value and price? Surely, the value is what someone is willing to pay for the business! Or is it? And, does the difference justify the investment or matter?
Read More »
About The Asking Price
What do I do if the asking price for a business for sale is too high?
Read More »
Practice Wanted System
Are 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!
Read More »
Looking to Sell Your Professional Practice
Are you thinking of selling your professional practice? If you own an accounting practice, financial planning practice, pharmacy practice, or any other professional practice, you can advertise your business for sale, (or partnership opportunity), on Practice4Sale.com.au for only $100.
Read More »
Partnership In A Professional Practice
Due to increasing business size and value, and the need for succession planning, owners with viable businesses are seeking junior partners to join them. Likewise up and coming practitioners wish to own larger businesses.
Read More »
Looking For A Job
Are you looking for a job? Are you interested to see if there are employees looking to hire? Then list the type of job you are looking for, along with any special skills/experience you have and let the employers come to you! Completely anonymous - no personal details are revealed!
Read More »
Buying A Business
"If you plan to buy an existing business, carefully analyse both the advantages and disadvantages. One advantage is that a good business history can increase the likelihood of a successful operation and ensure that finance is easier to obtain. Potential disadvantages can be overestimating the goodwill figure and a poor public image inherited from the previous owner.
Read More »
Ask An Expert - Beta Version
Our Ask An Expert website has been re-launched at http://experts.medici.com.au. Medici Capital is a leading authority to health practitioners and stakeholders of the health industry throughout Australia. If you have a question related to owning a practice, practice management, finance, or valuation of a practice, browse our knowledge base for the answer. If you can't find the answer, ask a question for free.
Read More »
Job Wanted Service Update
Thank you to all those who have already provided valuable feedback to our Job Wanted Service - your feedback is helping us develop a system that will allow users to advertise their interest in working!
Read More »
Pharmacy For Sale Listings
2 new pharmacy for sale listings have appeared on Practice4Sale - one on the Gold Coast in QLD and one just outside the Melbourne CBD. Visit Practice4Sale to find out more!
Read More »
A New Service at Jobs4Careers - Jobs Wanted
Online jobs listing service jobs4careers.com.au is pleased to announce the launch of Jobs Wanted! Unlike anything ever seen on a major online jobs service, Jobs Wanted enables job seekers to advertise for the type of work they are looking for, so that the employers can come to them!
Read More »
Business Valuations: Pharmacy
Different circumstances require different business valuations. In pharmacy, re-financing, new partner acquisition and purchases require different methods of valuation to account for changes in style of the operation of the business. Medici Capital takes these factors into account when valuing a pharmacy.
Read More »
APP Report 2008
Those of you in pharmacy will realise that the recent weekend played host to the APP Conference on the Gold Coast. Jobs4Careers and Practice4Sale were present at the conference and it was fantastic to meet some of our many subscribers and users.
Read More »
Practice4Sale and Jobs4Careers at APP 2008
Practice4Sale and Jobs4Careers will have a stand this year at APP together with Medici Capital. Come and see us and let us know your thoughts of how our websites are providing assistance to pharmacy. Are we hitting the right note? Is there any additional services we could offer? Or would you like to discuss setting up an Advertiser Profile on our site? Whatever your question (or comment), we would love to hear from you.
Read More »
PHARMeFOOTY - Footy Tipping For Pharmacy
PHARMeFOOTY is a footy tipping competition specifically for members of the pharmacy industry. If you work in a pharmacy, are a pharmacy professional or pharmacy owner, then join the PHARMeFOOTY footy tipping competition for 2008! Registration is FREE and there are fantastic prizes to be won both overall and round to round - $5000 prize money in total!
Read More »
February Report 2008
Our website statistics for Jobs4Careers and Practice4Sale have continued to show good growth from January. Job searches were up 43.46% on January to 15,000 Pharmacy Job searches for the month of February. Traffic to the site has truly consolidated Jobs4Careers as the best on-line destination for Australian Pharmacy Jobs: as a job seeker, we have more pharmacy jobs than any other independent job website; as a job lister, we have over 2,000 registered pharmacy users actively searching for jobs on Jobs4Careers.
Read More »
Pharmacy Ownership Ready Series 2008
Are you trying to find your first pharmacy to buy? Your future success as an owner will be determined by the actions you take today - buying a pharmacy is no small feat - be prepared to succeed or to wear the consequences - the Medici Capital ownership ready series is aimed to aid pharmacists in the quest for ownership.
Read More »
Succession Planning - An Overview
Succession planning should form part of every business plan: how will ownership of the business change hands when the time comes.
Read More »
January Report 2008
The first month of 2008 has come to an end, and our websites (Practice4Sale and Jobs4Careers) are off to a tremendous start for the new year. January, 2008 has been our biggest month in activity on the website, with the trend looking to continue based on the early statistics for February 2008.
Read More »
Buying a Business is an Important Decision for Young Professionals
Buying a practice is a challenge for the inexperienced and young professionals.
Read More »
Videos:
Medici Capital Events:
- Pharmacy Ownership Ready Series 2008
- Medici Capital Investment Forum
- Pharmacy Business Ideas Breakfast
- Pharmacy Industry Dinner
- Pharmacy Industry Lunch
- Pharmacy Ownership Ready Series - Melbourne, Victoria
- Pharmacy Ownership Ready Series - Gold Coast, Queensland
- Pharmacy Ownership Ready Series - Syndey, New South Wales
- Pharmacy Ownership Ready Series - Hobart, Tasmania
- Pharmacy Employment and Careers Session - Gold Coast, Queensland
- Pharmacy Horizons Dinner
- Pharmacy Business Concepts - VPSA Session
- Pharmacy Snow Business Conference
- Brisbane Workshop - Extracting the Most Value from your Pharmacy
- Pharmacy Brokers and Accountants Lunch
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