Current Trends In Valuations

Current Trends In Valuations

In previous years there have been significant challenges raised for pharmacy owners, relating to cashflow boost, Jobkeeper, rent abatements, very abnormal trading months and even individual store issues such as heavily reduced turnover and excessive turnover in some cases. Despite the issues being raised, the principals of pharmacy valuation methodology remain the same and must be consistently applied.

Health Services Are The Future Of Pharmacy

Health Services Are The Future Of Pharmacy

Just because your pharmacy is able to offer a particular health service, doesn’t necessarily mean it will work for your pharmacy. This is because every pharmacy has its own target audience and therefore, different needs and wants. For example, a pharmacy who has a focus on senior health, may not need a baby nurse. So, how do we select the right health service and make it a success?

"Would you like to join our loyalty program?”

"Would you like to join our loyalty program?”

I understand that loyalty programs are tried and tested marketing channels for thousands of pharmacies across Australia. But today, I want to talk about the power of customer data versus customer incentives to create loyalty. This is because, I believe the power in loyalty programs is the data.

What KPI’s Do Our Mastermind Clients Track?

What KPI’s Do Our Mastermind Clients Track?

The Pharmacy Mastermind program was launched at the beginning of 2021 and it has been one of our most exciting and successful initiatives in Peak’s history. Personally, it has been immensely rewarding and gives me great joy in being able to help pharmacy owners.

UNDERSTAND THE VALUE OF MARKETING BUT DON’T HAVE THE TIME?

UNDERSTAND THE VALUE OF MARKETING BUT DON’T HAVE THE TIME?

We have pharmacy owners sign up to our marketing webinars, watch presentations, and read blogs. They understand the value but when they return to the pharmacy and the day to day, marketing falls to the bottom of the priority pile.