YOUR PRACTICE MUST HAVE PROFESSIONAL SUPPORT - FIND IT HERE
Working together for chemist and pharmacy retailers
Acquiring, selling or simply running a chemist shop business requires the support of professionals with expertise in the pharmacy sector. You can find those experts here - in the Rangewell Professional Pharmacy Support Services Directory.
Whether your focus is on your pharmacy practice or operating your chemist shop as a retail business, you must be able to call on professional support.
Providing that support requires specialist knowledge of the sector.
At Rangewell, as part of our commitment to supporting UK businesses, we have put together a directory of professionals who can provide the specialist support you need - and made it free for you to use.
So, if you find you need professional expertise, check out the Rangewell Professional Pharmacy Support Services Directory for details of the individuals, businesses and practices who can help you and your practice or shop succeed.
The accountancy profession includes many firms which focus on specific sectors.
This focus can allow them to develop specialised knowledge of the factors that affect your business. This means knowing about allowances, regulations and income streams which more generalised accountants may not be aware of, but which could make a big difference to your financial situation.
See how a specialised accountant can help maximise profits and minimise tax liabilities for your pharmacy or chemist shop practice.
Running a pharmacy naturally requires the latest pharmacological knowledge. But a high street chemist shop is also a business. It means a huge range of challenges, from those of setting up a wellness centre and prescription automation to the latest trends in cosmetics and electrical beauty.
Advisors to the profession can provide access to cutting-edge knowledge on every aspect of managing your business, helping you deal with issues and challenges on every level - from HR and staffing to dealing with competition from the franchise chains.
Find out more about the help a professional advisor can provide you.
Every business needs the support of legal services. You will need to draw up contracts for staff, suppliers and landlords. Partnerships must be legally watertight, and negotiations with public authorities and health trusts need the support of carefully worded agreements.
You may also need legal support to deal quickly and effectively with disputes.
Knowledge of the sector and the relevant legal precedents can be essential. See the legal experts with specific expertise of the chemist and pharmaceutical sectors here.
Your pharmacy practice will require a wide range of equipment. You may even be considering automated dispensing. You will certainly need effective display and merchandising systems for your sales area.
However, you will also need an IT system to run your business efficiently, and to help with everything from stock ordering to patient record keeping.
Specialised equipment suppliers can answer all your needs. You can find details of the suppliers for the chemist shop and pharmaceutical profession here.
If you are planning a sale, acquisition or merger, or seeking funding, the most important step may be getting accurate valuations and costings for your business.
Specialist skills and understanding of the pharmacy and chemist shop sector will be necessary. Experienced valuers can provide informed advice, supported by access to contemporary trading and transactional evidence.
At Rangewell, we can introduce you to the surveyors and valuers whose work for the sector is recognised and accepted by banks, institutions and industry operators. Find them here.
Joining the Rangewell Pharmacy Services Directory
Are you a professional with expertise in the chemist shop or pharmacy sector? Please contact us to discuss being included in our database. There is no charge for professionals who wish to be featured in our ‘ecosystem’ directory.
Call us now on our Pharmacy Support Line: 0203 868 5730.
Download Rangewell’s free and detailed guide to Finance for Pharmacists
What types of finance are there - which do you need?
Why not all providers are equal - finding the one that’s right for you
How we can provide an additional income stream
The downsides to finance - and how to avoid them
Do I need to use a lender who is authorised and regulated by the financial conduct authority?
What different finance packages are available for cash flow, a pharmacy purchase or partner buy-in/out?
How to arrange finance - what paperwork do you need?
Do lenders look at pharmacies' finances when making a lending decision?
Key terms explained
Find out your finance options for all your needs
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for the business needs of your pharmacy is essential to avoid excessive costs
Your key equipment could be at riskIf you are unable to keep up repayments on a hire purchase or lease agreement, the equipment your practice depends on could be could be at risk.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up.
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In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
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