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Showing 1 to 3 of 3 articles related to "appropriately".

How To Prepare for a Job Interview

Job interviews can be very daunting for some people. Knowing how to approach an interview is vital in becoming the successful candidate for the position. Listed below are some tips on how to prepare for an upcoming job interview:

Research the Company:
This should be your first step in preparing for an interview. Thoroughly research all the different aspects of the company, including current information, the products they supply, the market they compete in, goals etc. Facts vs Fiction:
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Why Do I Need A Business Valuation

A 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.

There are many reasons why you may need a valuation as a pharmacist. Some of the main reasons are to raise capital, protect your business, for estate planning purposes or buying and selling a pharmacy.

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Succession Planning: an important strategy for wealth creation and the long term survival of independent community pharmacy

Succession planning refers to the process of progressively transferring ownership and control to another generation of owners. In essence, it aims to promote a win-win situation for vendor, entrant and industry as a whole. Long used by other professions, correctly managed, and with the right parties, it leads to improved values for the retiring owner and reduced risks for the incoming partner.

Synopsis:
Many pharmacy owners, as a practical alternative to business sale, are adopting succession planning which involves the progressive transfer of ownership. Long used by other professions, correctly managed, and with the right parties, it leads to improved values for the retiring owner and reduced risks for the incoming partner. Ultimately it's a process not an event and requires careful execution of a number of steps. It also must be tailored to the objectives of each partner; new and old. Once completed, often the process starts again with another generation.
Current pharmacy landscape
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