Are You Ready To Buy?

As a young pharmacist, you graduate, gain experience in various pharmacies and eventually manage a pharmacy. For the majority, getting to this rung on the pharmacy ladder is inevitable; however the next step up is always the hardest to take. In a market characterised by high values and perhaps a sellers market, coupled with increasing risks; achieving ownership is a concern for many young pharmacists.

There are proven ways to evaluate your capacity to own and this knowledge is often readily available. Training programs such as Medici Capital's "Ownership Ready" series are designed for prospective owners to learn about the process and self evaluate their readiness for ownership. (see http://www.medici.com.au/ownershipReady/ for more details)


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Are Buyers Realistic in Price Expectations for Pharmacy

Recent market activity has suggested a slow down in pharmacy sales over the last 2 years.  However, the slow down has not resulted in a reduction in the prices being paid for pharmacies.

Medici Capital's Frank Sirianni discussed at this year's APP Conference that research by Medici Capital has indicated that the level of pharmacy sales is at around 40% of what it was a number of years ago - resulting in limited opportunities becoming available on the market.  However, the prices being paid for pharmacies have not pegged back.

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Buying A Pharmacy - The True Cost

For many of you, the new year may have brought some new year resolutions. Some of those may relate to ownership - or more specifically the purchase of a pharmacy.

In order to ensure that you achieve these resolutions, it is important that you take some time to consider how you plan to achieve these aspirations. Depending on your progress to date, and your experience in the market, this will vary. One of the most important considerations is how to fund the acquisition.

Some important considerations are:

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Deciding which business is right for you

I often hear from young professionals I looking for a business to buy. When I inevitably ask them, what are you looking for?. They seem to always respond - anything.

Wrong answer!

If you do not have a clear picture of what you are looking for, you'll be unlikely to find the right business.

1. Are you ready to buy?

The first step is deciding are you ready to buy?

Not all technically competent professionals will make good business owners. You need to:

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You Want to Own a Pharmacy... or Do You?

For many pharmacists, the Holy Grail is to own your own Pharmacy, either singly or in partnership. But forget for a minute the challenge of finding the right one and the process to successful ownership and think about whether this is the right direction for you to take!

Of course buying a good pharmacy can lead to incredible rewards, financially, professionally and emotionally. However if it is not to be, there are great alternatives already available and new innovations on the way offering different and challenging career alternatives. Visit www.jobs4careers.com.au to see the widest range of challenging careers in pharmacy offered in Australia.

read more

You Want to Own a Pharmacy... or Do You?

For many pharmacists, the Holy Grail is to own your own Pharmacy, either singly or in partnership. But forget for a minute the challenge of finding the right one and the process to successful ownership and think about whether this is the right direction for you to take!

Of course buying a good pharmacy can lead to incredible rewards, financially, professionally and emotionally. However if it is not to be, there are great alternatives already available and new innovations on the way offering different and challenging career alternatives. Visit www.jobs4careers.com.au to see the widest range of challenging careers in pharmacy offered in Australia.

read more

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Medici Events

Pharmacy Ownership Ready Conference

This event is a Conference event for Pharmacists

Women's Pharmacy Golf Day

This event is a Discussion event for Pharmacists

Pharmacy Study Tour

This event is a Conference event for Pharmacists

Pharmacy Connect

This event is a Conference event for Pharmacists, pharmacy managers & students

Pharmacy Snow Business

This event is a Conference event for Pharmacists