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THIS EPISODE FEATURES:
- Interview with Geoff Green, Author and Founder – GRG Momentum
- Maximise your financial freedom and pharmacy value through technology, and plan your smart pharmacy business exit
- Registration opens for ‘Create your SMART pharmacy exit’ Masterclass featuring Geoff Green – Business Exit Strategist
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This week’s episode of ‘Transpharmation’ is brought to you by:
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Preview Video:
Resources and Links:
- Pharmacy Board of Australia: CPD FAQ
- Pharmacy Board of Australia: CPD Guidelines
- Download your FREE Audiobook, and get a FREE 30-day Audible Trial
- ‘The Second Machine Age – Erik Brynjolffson and Andrew McAfee’
- Transpharmation Program Brochure
- Learn about the ‘Transpharmation’ Discovery Session
- SHARE the Transpharmation Show with a Colleague, send them to transpharmationshow.com.au
- Register for the upcoming Transpharmation Masterclass – Create your SMART pharmacy exit
Transpharmation Motivational Quote of the Week:
Are you listening to yesterday, but speaking to tomorrow? – Morris Miselowski
Episode Timeline:
0:44 Show Introduction
1:14 First Segment, New & Improved Show Notes & CPD Recording
12:18 Introduction
13:44 The elephant in the room and your emotional rollercoaster
16:33 Why Geoff wrote the ‘Smart Business Exit’ and Why you should consider your exit from Day 1
17:40 Common mistakes when executing an exit plan
19:55 Your business is like a member of your family
23:28 100% of business owners will exit their business, Most owners aren’t ready
25:18 Why embracing technology can help to boost your pharmacy’s valuation? and Why you need new income streams?
30:38 Business owners should behave and operate like a business buyer (Systems, Technology)
34:18 Why Automation is important, and Why it needs to enhance your customers relationship with your business
36:48 Why Amazon is thriving through integration of automation and Why Borders failed
42:09 Case Example of a Smart Business Exit: DT
45:02 Your best starting point in planning your business exit
47:38 Good information sources and support tools/people
49:48 Your smart business exit – Webinar, What will you get?
51:03 The Future of Small Businesses, and the Baby Boomer Business Exit Tsunami
55:27 3 Key Learnings
59:22 Transpharmation Motivational Quote of the Week & Next week’s show
Interview Resources mentioned:
- Wim Battaerd – Episode 59
- ‘The Smart Business Exit’ – Book
- GRG Momentum Website
- John Koot – Episode 17
Tweetables:
My 3 Key Learnings:
- It is never too early to plan your business exit
- View your business through the eyes of a potential buyer
- Identify new and existing ways to improve your valuation
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Transpharmation Magazine – Issue 2 OUT NOW!
Here’s a short preview of what you’ll find inside…
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OVER TO YOU!
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