business ownership

You are pharmacists, not retailers

You are pharmacists, not retailers

I think the last time I was in Sydney was a very long time ago. From having spent most of my life in Perth, I feel Sydney is a very busy and noisy place in comparison. A far change from my home where I wake up listening to the birds. Anyway, I came to Pharmacy Connect this year to meet new people, build relationships, look for opportunities for my clients, and of course to learn.

One thing that really stood out for me this year and became apparent is pharmacy is really at a cross roads. I believe pharmacy is on the cusp of a new wave of community-based pharmacies that are more health focussed than ever before and less retail focussed. The worth of a pharmacist at present is being played out on a pricing battlefront and a turf war being pharmacy, corporates and GP’s. Let us look at some of the facts that were spoken about at the conference. 17% of pharmacies are operating at a loss. GP’s earnings are on average 3 times higher than pharmacists. The public don’t view pharmacists as primary healthcare providers. Unfortunately, they are viewed as retailers.

Do Turf Protection Strategies Really Work?

Do Turf Protection Strategies Really Work?

Do Turf Protection Strategies Really Work?

It is interesting to see the response of any industry to a threat, and particularly how some individuals respond. With every industry there are always threats, and if you are heading into business ownership, this is a reality you must face. In pharmacy land particularly in WA with the growing presence of Chemist Warehouse (CW), the overwhelming response has been fear and defensiveness.

Why should you create your perfect pharmacy?

Why should you create your perfect pharmacy?

Now we all know there is no such thing as a perfect pharmacy. Every business has its strengths and weaknesses both good points and bad points. But have you ever dreamt of what your business could become if you really pushed it and pushed yourself? Have you ever been bold enough to dream of what is possible, and taken on a goal that scares you?