At Peak, we're not just about staying ahead in the pharmacy industry; we're all about immersing ourselves in the heart of it. So, when Patricia, (Bookkeeping Manager), and Priya, Director, jetted off to the Australian Pharmacy Conference (APP) 2024, it was more than just a conference—it was an adventure. Let's dive into their three-day whirlwind, filled with insights and connections.
Changing or choosing a brand for your pharmacy is no doubt a massive decision, and certainly nothing to be undertaken lightly. Akin to you all of a sudden changing your own personality and how you present yourself, your store will also take part in the next stage of its evolution in changing its personality and how it presents itself. It is a big decision that can have big implications to the future success of your pharmacy.
The countdown for Australia’s biggest pharmacy conference, APP, is just around the corner. I have been honoured to attend in past years’ and have always enjoyed meeting others who are passionate about all thing’s pharmacy. Plus, there is the learning and updating myself with the pharmacy landscape so I can come back home and share this knowledge. Seminars, conferences, workshops and training for employees and owners are important to career development. It allows you to learn and upskill yourselves to do a better job, provide a better service and open doors to opportunities.
At Peak Strategies we get to see a lot of pharmacy financial data, whether from our own compliance or bookkeeping clients, or from the valuations we do. One of the most important aspects of managing your pharmacy’s finances is cashflow. Cashflow is king. It is the lifeblood of your pharmacy and therefore needs to be given priority. What often comes up though is the slow creep of cashflow tightening.
I might not own a business, but I do oversee a department here at Peak. The start to this year has been a bit off for me – kind of wonky. But you know what? Out of all this wonkiness, I've dug deep and discovered quite a bit about myself. It's also made me reflect on my job and how to run the show smoothly. I've also learnt a solid lesson along the way, something I believe any pharmacy owner or business head could relate to. So, in classic Peak style, I've written a blog sharing my newfound wisdom…
