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Optimise your income

Chairman of the LIPCO federated group Mukesh Lad shares some tips to maximise funding opportunities during testing times.

“The greatest challenge we face at the moment is funding, and trying to make the pharmacy as profitable as we can,” says Mukesh.

“Pharmacy is different from other businesses because we are regulated. That means that we have a lot of bureaucracy and governance placed on our shoulders on top of running a business.

“Dispensing is the core part of what we do and it is a very busy part of the operation. However, if we don’t capitalise on the funding that is available, then we are in trouble. There are funding streams for us to capitalise on, but one of the things we don’t necessarily do as independents is ensure that we earn every penny that we’re entitled to …”

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