Thinking Forward 3 Years
In last week's blog, I mentioned thinking forward 3 years and the importance of having a well defined vision for your pharmacy. One of the most fundamental skills any business owner should have is a clear insight into what stage their business is at. Knowing clearly what you want to evolve into and the path you need to take.
With another financial year coming to an end, it is a good time to stop and reflect a little on what you have achieved this year.
Personally for me it is the most innovative time of the year. I take the time to reflect on what we achieved, our successes and our failures. Nothing is ever perfect in the world. But it allows me to identify what went wrong. Then what strategies we can employ to reverse our failures and what we can do to progress towards our goals. So with this in mind, I would strongly suggest you take the time to review and reflect.
As a millennial I discover new brands and products mostly through the Internet. I have been conditioned to tweet, post and share; it’s the norm for me. The tool I love the most has got to be social media, in particular Instagram.
I am an avid user of Instagram I use it for inspiration, find new brands, to follow celebrities and networking. When thinking about it, I easily spend at least an hour a day on Instagram and that is not an exaggeration. I LOVE INSTAGRAM.
Tax Planning for pharmacy
“A financial year almost over….and what have you done?”
I hope business has been treating you very well this year. Just like the final stages of a mountain ascent, you may need that final boost to get you to the top and reap the rewards of your hard work. That final push is tax planning.
The starting point to tax planning is to determine how much tax you are going to pay. From here we can work out some tax strategies that can be used to help minimise how much that will be paid in both the short and long term.
Pharmacy Marketing Tip # 1
This is the 17th blog we’ve sent to our mailing list. We’ve had really positive feedback, some hiccups but overall it’s been exciting for Peak Strategies.
When I started working with John at the beginning of the year, I did have some reservations. Let’s be frank; I didn’t think John as an Accountant would embrace all of the marketing strategies that I have grown to love. I wasn’t sure whether he would want to be completely raw with his clients. John is amazing at what he does, his client base reflects that. Marketing however, is a completely different ball game. It involves taking some risks and being creative. Some of the time you have to step out of your comfort zone and put yourself out there. It can be scary especially for an Accountant.
