Business development: Get the most from your business
Our extensive experience of pharmacy business development means that we can assist you with most of the big strategic decisions that you may need to make about your business.
Refits
Should I? Shouldn't I? How should I lay it out? How much should I spend? How much will it cost? Halogen lights? Downlights? Wall washers? Where can I best spend my money and generate a return? How can I evaluate potential benefits?
All of these questions need some sort of answer if you are to make a sensible business decision. Fortunately these are questions that we have had to answer many times over. We offer an independent and unbiased consultancy service that can help you join up all the pieces of the jigsaw and guide you on any or all of the above issues. As we have no financial incentive to sell you a refit, you can expect nothing but reliable, informed and financially sound advice. Given the costs associated with refitting your business, we believe that the decisions and savings made will justify our fees several times over.
Relocation
Relocation is full of uncertainty. Of course the hope is that your business will be a better one after relocation, but how well founded is this hope?
What are my alternative locations? What new patients can I expect to capture in the new location? Which existing patients might I expect to lose? What are the capital costs of a move, refits, dilapidations, empty property costs, advertising? How do these costs compare with my expected gains and how can I model this financially? Is moving into a surgery a good move? How much rent should I offer to a GP surgery? What if I don't move and somebody else does?
Answers to questions like these come from experience. An experience that we have. If you would like independent and unbiased help with your relocation options then we are happy to assist.
Sales, Mergers and Acquisitions
Perverse as it may seem, sometimes the best business development decision is to sell your business and use the money where it can perfom better. Variations on this theme could include financed closure, merger or acquisition of a competitor. We can help you evaluate and execute all of these options.
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