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Showing 1 to 5 of 8 articles related to "reasons".

Social Networking Sites: Consider What You Post Online

Nowadays it is becoming more common for people to upload content, (both text and multimedia), to external sites - in particular social networking sites such as Facebook and Twitter. But what has started as a trend to keep in contact with others is starting to morph into an online record of who you are and what you've been up to. In the face of job hunting and developing a career, it is important to realise that the content you place online can come back to haunt you.

Recently I noticed the following blog entry from About.com indicating some concerning statistics indicating that employers are using social networking sites to screen potential employees:

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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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Access to finance remains a major concern

The recent global financial crisis has left good clients, as well as the unscrupulous, with limited access to finance from banks and financial institutions.

Arising from the US sub-prime crisis, the lending policies of all banks have become tighter. However, each bank's approach to lending varies across the banks. Many have a 'watch' position. Others are positive and looking to building their book. The flight to quality and risk pricing has been adopted by all.

The banks have become selective in the deals they will fund. Information requirements are strictly adhered to, onerous reporting requirements are being set, and cash flow / serviceability are critical to obtaining finance.

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Is Anyone Listening? Be Alert When Purchasing A Pharamacy

Despite the numerous threats and pressures facing pharmacy, Goodwill is and remains at an all time high. By any measure the cost of pharmacy ownership is high and the payback period greater than in recent history. So too are the associated risks of pharmacy ownership.

However, the returns for wisely selected pharmacies can be excellent and the rewards, both personal and financial, can be exceptional!

Recent sales evidence suggests a number of warning bells which I wish to alert you to.

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Is Anyone Listening? Be Alert When Purchasing A Pharmacy

Don't pay the seller for what you bring to the table!

Emotion and fear are often the twin drivers for the purchase of a pharmacy. This is particularly so where a competitor is thought to looking at the same opportunity.

Brokers are very skilled at creating the 'pressure pot' for sales and a quick decision. They drive the emotional factor! They will often encourage the purchaser, to never mind the reported results and think about what "you could do with this business" and, as a result, have the purchaser pay a premium to the seller for value yet to be created by the purchaser.

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