Running Your Business

Get house in order to improve cashflow

Real World Analytics’ Conall Lavery details the first five items on his 20 point checklist of things that need to be done consistently well to improve business performance.

Thinking SMART for 2019

January is a great time for implementing a new business plan in the face of a challenging year ahead, according to Perrigo’s learning pharmacy, Warman-Freed

Can you see it coming?

Conall Lavery of Real World Analytics says the more information you have, the better the chance of success you will have in managing the NHS funding cuts. 

Making Tax Digital: time to prepare

By the end of March 2019, UK businesses will need to be prepared for an HMRC change which will affect every single transaction a business makes. Welcome to Making Tax Digital (MTD)

Don't ignore auto-enrolment compliance

Pensions regulator issues more than 20,000 fines for failures over auto-enrolment

Crack down on shrinkage

Keeping track of security and shrinkage in a busy working environment is a tough proposition, but vital in order to reduce profit losses

Have you ordered your scanners yet?

It’s just a few months to ‘FMD day’, 9 February 2019. What do you actually need to do now? 

Profitable relationships to benefit your business

How can you take your pharmacy business to the next level? 

How painful could a transition away from purchase profit be?

Community pharmacy must let go of its reliance on purchase profit, but this won’t be easy, says the chairman of Alliance Healthcare. P3’s Carolyn Scott asks his views on issues for the sector

What are Minimum Energy Efficiency Standards?

New Minimum Energy Efficiency Standards (MEES) are key factors in the buying and selling of pharmacy premises and for lease negotiation

Buying for business: What rights do you have?

What happens if you buy something for the pharmacy that you aren’t happy with or is damaged? This is what the law says

Maintaining quality in practice

How can a pharmacy stay on top of usual standards during busy periods and unforeseen events? Warman-Freed Pharmacy shares how it has put a plan together for times of trouble 

10 things about ... FMD implementation

From 9 February 2019 the EU Falsified Medicines Directive will change the process of dispensing medicines in Europe. What do we know about it?

Is it best to lease or buy a delivery van?

So, your pharmacy needs a new van for deliveries, but should you lease one or buy one? What’s best for your business? 

We want to be seen as a force for good

Activity at the Company Chemists’ Association is about to step up. What contribution might the organisation make to the wider picture? P3 finds out more

A strategy on one-page is a good place to start

It’s important that every business has a written strategy, suggests Alliance Healthcare’s Chris Martin

Do I need to make changes to employees’ contracts or policies this month?

As employers, pharmacy business owners process their employees’ data daily, and must consider whether their contracts of employment and policies should be amended to reflect the new GDPR requirements.

Working with the new NHS: The skills you need

Community pharmacists will have to learn a new language and use a new set of skills to engage with STPs, says Hemant Patel

Getting on top of your monthly income forecast

Cash flow remains an issue, and looking again at some good housekeeping points is worth the effort

Special requirements

The specials industry has also had to endure cost-cutting measures and witness its market shrink as specials moved onto the Drug Tariff

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