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Pharmacy Myths

Pharmacies are changing hands, buyers are actively looking for opportunities in all sectors from the small rural pharmacy through to the large shopping centre sites.

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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".

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Medici Capital Pharmacy Financial Situation

Pharmacy remains a healthy sector of the economy.

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Chiropractic Practice For Sale

Practice4Sale.com.au has expanded its list of professions to include Chiropractors. We are now advertising Chiropractic Practice For Sale and Chiropractic Partnerships with our first listing going live late last week.

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Commercial Finance - Are we there yet

Just when you thought the worst was over, the US Sub-prime crisis takes another turn!

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Pharmacy Returns - are pharmacy returns reasonable in the current market climate

PBS Reforms combined with the impact of the recent credit crunch have driven many pharmacists to ask the question - "should the prices being paid for pharmacies come down?" In the context of the current economic climate, many expect that returns should increase to reflect the increasing uncertainty and/or risks about pharmacy. But is this the case?

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Practice4Sale and Jobs4Careers Services

Practice4Sale Update:

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Wealth Transfer - Extracting the most value from your pharmacy

According to the forthcoming white paper in the US, over the next 18 months in excess of 1,000,000 privately held businesses will change hands.

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Making the Most of Practice4Sale and Jobs4Careers

Practice4sale is a one stop shop for the buying and selling professional practices. Our aim is to provide comprehensive listings of professional practices to professional practitioners.

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Greenfield Pharmacies

Should I set-up a new pharmacy? Is it cheaper?

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Value and Price - Are They The Same

What's the difference between value and price? Surely, the value is what someone is willing to pay for the business! Or is it? And, does the difference justify the investment or matter?

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About The Asking Price

What do I do if the asking price for a business for sale is too high?

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Practice Wanted System

Are you looking to buy a professional practice? If you have been looking to buy a professional practice, but are having difficulty in finding sellers of these businesses, then you can now make use of our Practice Wanted service ... FREE!

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Looking to Sell Your Professional Practice

Are you thinking of selling your professional practice? If you own an accounting practice, financial planning practice, pharmacy practice, or any other professional practice, you can advertise your business for sale, (or partnership opportunity), on Practice4Sale.com.au for only $100.

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Partnership In A Professional Practice

Due to increasing business size and value, and the need for succession planning, owners with viable businesses are seeking junior partners to join them. Likewise up and coming practitioners wish to own larger businesses.

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Looking For A Job

Are you looking for a job? Are you interested to see if there are employees looking to hire? Then list the type of job you are looking for, along with any special skills/experience you have and let the employers come to you! Completely anonymous - no personal details are revealed!

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Buying A Business

"If you plan to buy an existing business, carefully analyse both the advantages and disadvantages. One advantage is that a good business history can increase the likelihood of a successful operation and ensure that finance is easier to obtain. Potential disadvantages can be overestimating the goodwill figure and a poor public image inherited from the previous owner.

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Ask An Expert - Beta Version

Our Ask An Expert website has been re-launched at http://experts.medici.com.au. Medici Capital is a leading authority to health practitioners and stakeholders of the health industry throughout Australia. If you have a question related to owning a practice, practice management, finance, or valuation of a practice, browse our knowledge base for the answer. If you can't find the answer, ask a question for free.

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Job Wanted Service Update

Thank you to all those who have already provided valuable feedback to our Job Wanted Service - your feedback is helping us develop a system that will allow users to advertise their interest in working!

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Pharmacy For Sale Listings

2 new pharmacy for sale listings have appeared on Practice4Sale - one on the Gold Coast in QLD and one just outside the Melbourne CBD. Visit Practice4Sale to find out more!

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A New Service at Jobs4Careers - Jobs Wanted

Online jobs listing service jobs4careers.com.au is pleased to announce the launch of Jobs Wanted! Unlike anything ever seen on a major online jobs service, Jobs Wanted enables job seekers to advertise for the type of work they are looking for, so that the employers can come to them!

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Business Valuations: Pharmacy

Different circumstances require different business valuations. In pharmacy, re-financing, new partner acquisition and purchases require different methods of valuation to account for changes in style of the operation of the business. Medici Capital takes these factors into account when valuing a pharmacy.

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APP Report 2008

Those of you in pharmacy will realise that the recent weekend played host to the APP Conference on the Gold Coast. Jobs4Careers and Practice4Sale were present at the conference and it was fantastic to meet some of our many subscribers and users.

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Practice4Sale and Jobs4Careers at APP 2008

Practice4Sale and Jobs4Careers will have a stand this year at APP together with Medici Capital. Come and see us and let us know your thoughts of how our websites are providing assistance to pharmacy. Are we hitting the right note? Is there any additional services we could offer? Or would you like to discuss setting up an Advertiser Profile on our site? Whatever your question (or comment), we would love to hear from you.

View remainder of: Practice4Sale and Jobs4Careers at APP 2008

PHARMeFOOTY - Footy Tipping For Pharmacy

PHARMeFOOTY is a footy tipping competition specifically for members of the pharmacy industry. If you work in a pharmacy, are a pharmacy professional or pharmacy owner, then join the PHARMeFOOTY footy tipping competition for 2008! Registration is FREE and there are fantastic prizes to be won both overall and round to round - $5000 prize money in total!

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February Report 2008

Our website statistics for Jobs4Careers and Practice4Sale have continued to show good growth from January. Job searches were up 43.46% on January to 15,000 Pharmacy Job searches for the month of February. Traffic to the site has truly consolidated Jobs4Careers as the best on-line destination for Australian Pharmacy Jobs: as a job seeker, we have more pharmacy jobs than any other independent job website; as a job lister, we have over 2,000 registered pharmacy users actively searching for jobs on Jobs4Careers.

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Pharmacy Ownership Ready Series 2008

Are you trying to find your first pharmacy to buy? Your future success as an owner will be determined by the actions you take today - buying a pharmacy is no small feat - be prepared to succeed or to wear the consequences - the Medici Capital ownership ready series is aimed to aid pharmacists in the quest for ownership.

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Succession Planning - An Overview

Succession planning should form part of every business plan: how will ownership of the business change hands when the time comes.

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January Report 2008

The first month of 2008 has come to an end, and our websites (Practice4Sale and Jobs4Careers) are off to a tremendous start for the new year. January, 2008 has been our biggest month in activity on the website, with the trend looking to continue based on the early statistics for February 2008.

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Buying a Business is an Important Decision for Young Professionals

Buying a practice is a challenge for the inexperienced and young professionals.

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A Great Start to 2008

Practice4Sale and Jobs4Careers are now back on board for 2008. 2007 finished off as a strong year, with excellent growth in both our job and businesses for sale markets. And as 2008 commences, we look to make even further advancements.

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Seasons Greetings

Merry Christmas and Happy New Year

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Jobs4Careers Cover Letter Template

Your cover letter is an introduction to who you are and what you can bring to the position. Use it to summarise your experience and the most important skills you are offering. Your cover letter is also a good opportunity to outline your goals and objectives for the position and the future. This introduction will hold the prospective employer's attention and warrant further consideration.

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Elements of a Successful Job Application

With a 15 to 30 second opportunity, you'll need to convince a prospective employer that you're a perfect match for their position. The overall impression you give with your cover letter and resume is vital. Does your application stand out from the rest? Is it clear and well organised? Does it articulate your skills, abilities and strengths and stand out from the crowd?

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Mobile Job Search

Mobile Internet has become more advanced in recent years. With operators such as Vodafone, Optus and Telstra now providing broadband access through your mobile phone, and the development of phone's such as Nokia, the iPhone and Blackberry devices, accessing web pages through a mobile phone is now easier than ever.

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Accounting Practices For Sale

Practice4Sale has re-introduced Accounting Practices for Sale in Australia as part of our listing service. As an introduction to the service, we have loaded two Accounting Practices in Sydney, NSW. Visit www.practice4sale.com.au for further details.

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Professional Salary Information

As part of the redeveloped Jobs4Careers website, we have included PayScale salary resources that allow site users to research salaries by job type and location throughout Australia. PayScale is an online salary, benefits and compensation information company which launched its services in 2002.

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Practice4Sale and Jobs4Careers - Industry Specific Tools

Pharmacists are keen to use the internet and it provides unequalled access to information and resources. It is a vital resource for up-to-date employment listings and has simplified the process of both finding staff and looking for employment.

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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!

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Medici Capital - Commercial Finance

You may have noticed our marketing of financial services specifically tailored for pharmacists. We've been working hard to achieve solutions which are better, simpler, faster and cheaper. I'd like you to benefit from our experience. You can trust Medici Capital to find the right finance solution for you!

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Frank Sirianni - Director Snapshot

Frank Sirianni is the founder and CEO Practice4Sale Pty Ltd. He is also the founder and CEO of Medici Capital, a management and finance consultancy specialising in the health industry. He holds Bachelor of Economics (Honours) and Masters of Economics degrees and with over 27 years experience in pharmacy, consults to current and prospective pharmacy owners, lending institutions, industry bodies, Government, manufacturers and wholesalers. He was instrumental in the creation of the goodwill loan, and the pharmacy business valuation and bank lending policies to support it. Frank's strengths are his innovative and solutions driven approach, supported by high level analytical and research skills.

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Job4Careers.com.au - Site Update

Have you visited Jobs4Careers lately? Now is the time to come and see us. Our developers have worked frantically over the last few weeks to present a leading platform for job seekers and employers alike. Over the coming weeks, we will present further information and news about our website and how you can use it for your employment needs.

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Enjoyment In Your Job

No matter what type of work you are performing or how many hours a week you work, jobs play a significant role in everyone's life. Some of us spend more hours with work colleagues than we do with our own family and friends! Despite your greatest efforts, your job can have enormous effects on your quality of life, your mood and your overall sense of contentment.

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Pharmacy Partnership - Junior Partnership

With the average value of pharmacies today at well over $2.0 million dollars, the rising cost of debt and the looming change in pharmacy ownership over the next 5-10 years, junior partnerships are arising as a more likely ownership solution for young pharmacists. In a period of declining margins, increasing reliance on customer care and commercial competency, a partnership can provide an owner with mentorship opportunities.

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Building Job Confidence

Building job confidence is essential in today's workplace for both employers and employees. With many employees reportedly seeking alternative employment due to frustration and uncertainty over their role in the business, it's important to establish ways to build job confidence. These initiatives will ensure that employees are more comfortable in their roles; and hence more productive. While for employers, increased productivity and reduced staff turnover will save on HR costs in the long term.

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Employer Hiring Checklist - Get To Know Job Applicants

Finding the right employee to fit the needs of a business is a delicate task. The impact of choosing the wrong employee can be compounded when dealing with small businesses where staffing arrangements are more personal. So in order to assist you in finding the right staff, we have provided some insights into approaches to be taken to understand your applicants.

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Jobs4Careers - Leading the Way in Pharmacy Jobs

Jobs4Careers is rapidly becoming a one-stop-shop for pharmacy employment in Australia. With a wealth of pharmacy related positions in Australia, job seekers are likely to find what they are looking for, and employers should ensure their positions are listed on Jobs4Careers.

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Why spend $100 to advertise a business worth $1,000,000

Would you spend $100 to gain $10,000? What about if that $100 meant $100,000 to you?

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Managing the Professional Development of Your Employees

Pharmacy owners are called upon to manage a wide range of resources within the pharmacy. One of the largest of these is staff. From an accounting perspective, staffing, along with Cost of Goods Sold and Rent, accounts for 90% of the expenses of the business. Of these three, in most instances, salaries is the second largest of the three. Therefore it is important that time is allocated to manage this resource.

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Pharmacy Ownership: Generational Change

Medici Capital recently published an article on their website that discusses a number of issues regarding the generational change of pharmacy ownership. Industry evidence suggests that the average owner of a pharmacy is between 50 and 60 years of age with a significant portion skewed towards the more mature generations. Given this, many pharmacies will change hands in the coming years resulting in a generational transisition of pharmacy ownership. As an owner or prospective owner, what have you done to prepare yourself for this change?

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Australian Pharmacy Jobs Site ... Pioneering the National Online Job Search

Our programmers brought to our attention a blog entry from Google Maps Mania that identified New Australian Google Maps Mashups and Mapplets - another way of saying that a website makes use of Googles mapping feature. Jobs4Careers was listed as a website that had made use of Google Maps for online job mapping.

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New Locum Booking System

Jobs4Careers has just released the ability to pre-register for our new Locum Booking System. The system is designed for Locums and Employers as a matching service for employment opportunities for Locums.

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First iPod Winner

Congratulations to Rick Rogers, the 1st winner of our Register for a chance to win an iPod promotion.

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How To Use Practice4Sale

Practice4sale is a one stop shop for the Pharmacy community. The site lists Pharmacies and Approval Numbers for sale, partnership opportunities, as well as full compliment of Pharmacy jobs.

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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.

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Features to help you find that perfect job!

Employment opportunities appear on both Practice4sale.com.au and Jobs4careers.com.au - in fact both sites list exactly the same Business For Sale and Employment listings.

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New Job Searching and Listing Facility

Our "new-look" job listing facility is now live. Re-branded as Jobs4careers.com.au the site currently has over 250 Pharmacy related employment opportunities nationally.

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Pharmacy Partnerships

Due to increasing business size and value, and the need for succession planning, owners with viable businesses are seeking "junior" partners to join them. Likewise up and coming pharmacists wish to own larger businesses. Such sales of equity will necessitate the development of industry-accepted principles and finance approaches to succession.

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Three Methods to Value a Pharmacy

Three methods can be used to value a pharmacy. The appropriateness of the method used would be dependent upon the stage the pharmacy is in its development.

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Practice4Sale Initial Launch

An internet-based service to help those looking at buying and selling Australian Pharmacy practices was launched at this year's APP Conference on the Gold Coast.

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Pharmacy Practices: Buy and Sell Online

The sale of a pharmacy practice could soon be as simple as clicking a mouse button, following the unveiling of an Internet site designed for the buying and selling of practices.

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Look for the Evaluation Warning Signs

The number of financial planning and accounting firms being bought and sold continues to grow, yet many practices fail to understand the process of valuation. Kate Kanchor examines what criteria should be considered.

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Online Pharmacy Listing Services

A new web-based listing service will assist pharmacies and their agents to buy, sell and lease pharmacy practices. To be launched at the Australian Pharmacy Professional conference, www.practice4sale.com.au will also enable users to sell, buy or lease practice sites, seek partnerships or equity partners, or find employment.

View remainder of: Online Pharmacy Listing Services