The Pharmacy Business Accelerator

FINANCIAL AND BUSINESS MANAGEMENT

In today's tough economic environment, good financial management of your business is essential. In this practical seminar you will cover:-

• Is your business structured in the most tax effective way? What are the advantages and disadvantages of operating as a sole trader, partnership and limited liability company?
• Vital tips on improving your cash flow management. Pharmacies can radically improve their cash flow by taking a number of simple steps. You will receive some action-orientated advice to take away with you today.
• Good financial management. The session will be rounded off with some useful advice on sound financial management and techniques.

Rizwan Akhtar, Partner, RA Accountants.

PRESENTED BY:

NPA SPECIAL SESSION DEVELOPING YOUR PHARMACY BUSINESS

• How to compete and innovate - 25 mins
• Marketing your Pharmacy - 25 mins
• Break for refreshments and networking - 15 mins
• Making best use of IT - 25 mins

Tina Cardy & Steve Simmonds, National Pharmacy Association

PRESENTED BY:

THE EVOLVING PHARMACY - SURVIVAL OF THE FITTEST?

Market-led changes in pharmacy are creating new challenges: in the past few years the pharmaceutical practice has changed in many ways. It is no longer the case that local pharmacies can rely on a practice linked to an NHS contract serving a local area. New forces are entering the market and reshaping the basic framework of the business.

This seminar will provide you with a fast-track overview of these changing circumstances, an account of the influences that are driving change, and discussion of how the industry may look in the future. It will provide you with a clearer understanding of the strategies that can help you to improve the structure and priorities of your pharmacy business. In particular, it will consider:

• deregulation and its impact;
• the reshaping of the supply chain and pharmacy direct;
• how consumers are changing their approaches to health-care;
• online pharmacy;
• how EPS may change the ways that patients order their medicines;
• what it means to be "fit" in the pharmacy business.

Rashid Ghafoor BEng, Director, Sintrexo Ltd.

PRESENTED BY:

INVESTING IN YOUR PHARMACY

Independents are having to radically improve their merchandising to compete with multiples. Additional investment is required to expand the range of services offered by community pharmacies.

How can pharmacies fund these improvements? In this practical session, you will cover:-

• Tax and VAT issues. Are you claiming back all the VAT you are entitled to after a capital purchase?
• Financing, hire purchase and taxation efficiency
• What are the best options when investing in your pharmacy?
• How to get government backed finance
• Cash Flow Management

The session will be rounded off with some useful cash flow tips that could help your business.

Rizwan Akhtar, Partner, RA Accountants.

PRESENTED BY:

NPA SPECIAL SESSION USING SKILL MIX TO DEVELOP YOUR BUSINESS AND YOURSELF

• Training and development of the pharmacy team
• Break for refreshments and networking
• CPD and making it happen

PRESENTED BY:

MERGERS, ACQUISITIONS AND TAXATION

The purchase of a pharmacy is just the beginning of a new business. In today's seminar you will learn:-

• Have you set clear business objectives, with a well thought out plan? Have you covered all the bases in terms of business structure, why you are buying rather than setting up, HR issues etc?
• The tax structure and how getting it right will make big difference to your tax bill in the years to come.
• Top Ten Tax Tips. The session will conclude with ten general tax tips that could help your business reduce its tax burden.

Rizwan Akhtar, Partner, RA Accountants & Tony Townsend, National Business Manager, Orridge Business Sales.

PRESENTED BY:

DRIVING EFFICIENCIES IN A COMMUNITY PHARMACY

• Learn how to critically re-look at your own business - both retail & dispensing
• Gain 5 practical ideas how to improve retail shop efficiency
• Gain 5 practical ideas how to improve dispensing efficiency without automation
• Learn when and in what situations automation would be worthwhile/cost effective

Richard King MBA MRPharmS, Director, Pharmacy Consulting Ltd.

EPS2: WELL, WHAT SHOULD I DO NOW?

This session focuses on the critical impact of EPS2 on community pharmacy businesses. Attend this session and you will learn:

• How EPS2 will change the world;
• What can be done to exploit the EPS technology.

This session will help pharmacies understand how to use:

• PMR data to help me develop my business;
• MURs to support this development;
• Customer satisfaction surveys to assess the impacts.

Geoff Mckay, Principal, stirlingconsultants

THE EVOLVING PHARMACY - SURVIVAL OF THE FITTEST?

Market-led changes in pharmacy are creating new challenges: in the past few years the pharmaceutical practice has changed in many ways. It is no longer the case that local pharmacies can rely on a practice linked to an NHS contract serving a local area. New forces are entering the market and reshaping the basic framework of the business.

This seminar will provide you with a fast-track overview of these changing circumstances, an account of the influences that are driving change, and discussion of how the industry may look in the future. It will provide you with a clearer understanding of the strategies that can help you to improve the structure and priorities of your pharmacy business. In particular, it will consider:

• deregulation and its impact;
• the reshaping of the supply chain and pharmacy direct;
• how consumers are changing their approaches to health-care;
• online pharmacy;
• how EPS may change the ways that patients order their medicines;
• what it means to be "fit" in the pharmacy business.

Rashid Ghafoor BEng, Director, Sintrexo Ltd.

PRESENTED BY:

THINKING OF BUYING A PHARMACY? BEEN APPROACHED TO SELL YOUR CHEMIST?

Held in conjunction with Orridge, the experts in the valuation and sale of pharmacies. In this session you will learn how to:-

• Prepare your business for sale. Is your business structured effectively? Are your accounts ready for the due diligence process? In this practical session, you will be given advice on how to get your pharmacy ready for sale.
• How to value your pharmacy. The session will cover how to establish a realistic valuation of your pharmacy, the positives and the negatives.
• The process of sale. You will be given a detailed insight into the process of selling and how to maximise the value of your business.
• Which professionals you need during a sale. How professionals can add value to the process will be highlighted.

Rizwan Akhtar, Partner, RA Accountants.

PRESENTED BY:

HELPING HEALTH PROFESSIONALS AVOID THE HIDDEN RISKS

Whatever your organisation or the nature of your business, a large measure of its success rests on the people you employ. Additionally, it is important to recognise that providing a safe and healthy working environment is vital to the success of your business.

By attending the Mentor seminar you will gain an enhanced knowledge of Employment Law & Health & Safety Legislation. Some of the topics we will be discussing:

• Eligibility to work in the UK
• Contracts of Employment and the requirements of the Employee Handbook
• Holiday entitlement
• ACAS Code of practice
• Driving on business
• Risk assessments

Karen Baron, Seminar Manager, NatWest Mentor.

PRESENTED BY: