Running a business · 1 min · 30 May 2024
Helping your pharmacy stay profitable
NHS cycles, retail, stock and locums, a pharmacy is four businesses in one shop. The books have to show all four.
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A pharmacy looks like a shop and behaves like a small hospital attached to a retailer. NHS income arrives on its own calendar. Stock walks out the door. Locums fill the rota at a cost that can erase a good week. If the accounts treat all of that as ‘sales’ and ‘purchases’, you will feel busy and poor.
Separate the streams
NHS, retail, services, and anything else. Margin is different on each. A pack that hides the mix will let the wrong part of the business die quietly.
Stock is the balance sheet
If you do not count it properly, profit is a rumour. We put a method in place you can actually run on a Tuesday morning.
Cash follows the NHS, not your feelings
A 13-week cash view that includes the known payment cycles is how you time a fit-out or a second site without an emergency facility.
Related services
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This article is general information, not personal tax advice. Talk to us before you act on it.