Calm The Pharm Podcast

Welcome to Calm the Pharm - where pharmacy business meets legal wisdom, minus the headache. In each episode, we share practical legal tips and real life examples to help you run your pharmacy with confidence.

Calm The Pharm Podcast is a business podcast hosted by Sarah Stoddart, with 58 episodes on record and a Required Pod Score of 80.

Sarah Stoddart hosts Calm The Pharm Podcast, a business show with 58 episodes published.

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  Calm The Pharm Podcast

  Ep 57 - Before You Sell: The art of preparation in pharmacy sales

  Sep 27, 20266 min

  In this episode of the Calm the Pharm podcast, host Sarah Stoddart provides essential legal advice for pharmacy owners looking to sell their business. She emphasises the importance of preparation and understanding the legal intricacies involved in the selling process. To illustrate the importance of preparation, Sarah shares a case study of a pharmacy owner who faced challenges with the lease assignment process. By addressing the issue early in the timeline, the owner navigated the situation smoothly, allowing the sale to proceed without delays that could have led to significant stress for both parties. In summary, the key takeaways from this episode emphasise thorough preparation, an understanding of the accompanying legalities, and the necessity of maintaining order in the business prior to engaging in the sales process. A well-prepared seller will not only enhance their chances of securing a favorable deal but also enjoy the transition as a culmination of their hard work rather than a distressing scramble. Calm The Pharm is brought to you by your host, Sarah Stoddart. Sarah is the founder and director of Vitality Law Australia, a boutique law firm which provides small business owners and healthcare professionals across Australia with clear legal pathways and peace of mind. She is recognised as a leader in the healthcare industry and is one of only a few lawyers in Australia with specialist experience working with pharmacy businesses.  In 2021, Sarah was named the Lawyers Weekly Women in Law Australian Sole Practitioner of the Year. She was also named as a finalist in the AusMumpreneur Business Awards. In 2022, she was named as a finalist in the Women in Business Awards for The Hills and Districts Chamber of Commerce, the Australian Law Awards and again in the Women in Law Awards. Sarah is the co-author of business book, “Courage and Confidence”. The book is a collection of inspirational stories combined with practical tools, tips and advice written by a small group of Australian women in business.  She is also a non-executive director of MS Queensland. www.vitalitylawaustralia.com Instagram: @vitalitylawaustralia Facebook: Vitality Law Australia LinkedIn: https://www.linkedin.com/in/sarah-stoddart-23b92240/

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  Calm The Pharm Podcast

  Ep 56 - Ready, Set, Submit: Preparing for the PBS approval process

  Sep 20, 20266 min

  In this episode of the Calm the Pharm podcast, host Sarah Stoddart delves into the critical PBS (Pharmaceutical Benefits Scheme) approval process involved in owning a pharmacy in Australia. This discussion follows the previous episode, which highlighted different practices by buyers that facilitate a smooth transaction in acquiring a pharmacy. The episode highlights that properly understanding the PBS approval process and maintaining compliance from day one are crucial for the success and tranquility of pharmacy ownership. Owners who stay organised and proactive tend to position themselves better for future endeavors, whether that includes selling the pharmacy or acquiring new ones. Overall, the discussion underscores the importance of navigating the PBS approval process with clarity and preparation, ensuring that pharmacy ownership can be a rewarding venture. Calm The Pharm is brought to you by your host, Sarah Stoddart. Sarah is the founder and director of Vitality Law Australia, a boutique law firm which provides small business owners and healthcare professionals across Australia with clear legal pathways and peace of mind. She is recognised as a leader in the healthcare industry and is one of only a few lawyers in Australia with specialist experience working with pharmacy businesses.  In 2021, Sarah was named the Lawyers Weekly Women in Law Australian Sole Practitioner of the Year. She was also named as a finalist in the AusMumpreneur Business Awards. In 2022, she was named as a finalist in the Women in Business Awards for The Hills and Districts Chamber of Commerce, the Australian Law Awards and again in the Women in Law Awards. Sarah is the co-author of business book, “Courage and Confidence”. The book is a collection of inspirational stories combined with practical tools, tips and advice written by a small group of Australian women in business.  She is also a non-executive director of MS Queensland. www.vitalitylawaustralia.com Instagram: @vitalitylawaustralia Facebook: Vitality Law Australia LinkedIn: https://www.linkedin.com/in/sarah-stoddart-23b92240/

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  Calm The Pharm Podcast

  Ep 55 - Unlocking Pharmacy Ownership: Key considerations for aspiring buyers

  Sep 13, 20268 min

  In this episode of the Calm the Pharm podcast, host Sarah Stoddart provides a comprehensive overview of the essential considerations when buying a pharmacy in Australia, emphasising the unique regulatory landscape in which pharmacies operate. She outlines key strategies that differentiate smart buyers and ensures a smoother transaction process. Sarah concludes that potential buyers should view the regulatory aspects as critical components of the deal rather than mere formalities at the end of the process. By doing so, they can position themselves for success in their pharmacy ownership journey. For more insights and resources, Sarah recommends checking the guide available on her website, which outlines three common pitfalls to avoid when buying a pharmacy. This podcast episode serves as an invaluable resource for current or future pharmacy buyers, equipping them with the knowledge and perspective necessary to navigate the complex landscape of pharmacy acquisition in Australia effectively. Calm The Pharm is brought to you by your host, Sarah Stoddart. Sarah is the founder and director of Vitality Law Australia, a boutique law firm which provides small business owners and healthcare professionals across Australia with clear legal pathways and peace of mind. She is recognised as a leader in the healthcare industry and is one of only a few lawyers in Australia with specialist experience working with pharmacy businesses.  In 2021, Sarah was named the Lawyers Weekly Women in Law Australian Sole Practitioner of the Year. She was also named as a finalist in the AusMumpreneur Business Awards. In 2022, she was named as a finalist in the Women in Business Awards for The Hills and Districts Chamber of Commerce, the Australian Law Awards and again in the Women in Law Awards. Sarah is the co-author of business book, “Courage and Confidence”. The book is a collection of inspirational stories combined with practical tools, tips and advice written by a small group of Australian women in business.  She is also a non-executive director of MS Queensland. www.vitalitylawaustralia.com Instagram: @vitalitylawaustralia Facebook: Vitality Law Australia LinkedIn: https://www.linkedin.com/in/sarah-stoddart-23b92240/

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  Calm The Pharm Podcast

  Ep 54 - Navigating Annual Leave: Essential insights for pharmacy owners

  Aug 16, 202611 min

  In this episode of the Calm the Pharm podcast, host Sarah Stoddart discusses critical aspects of leave entitlements under the Pharmacy Industry Award, with a focus on annual leave, its cash-out options, and managing excessive leave accruals. The episode aims to equip pharmacy owners with practical legal understanding to navigate these topics confidently. Understanding the intricacies of annual leave, particularly regarding cashing out and managing excessive accruals, is essential for pharmacy owners to maintain compliance and ensure smooth operations. These insights can prevent unexpected financial liabilities and help foster a positive working environment. Sarah emphasises the need for accurate record-keeping and adherence to legal requirements to manage leave effectively. For pharmacy owners, it is crucial to keep these leave entitlements in check, especially for long-standing employees with significant leave balances. The episode aims to shed light on often-misunderstood aspects of leave entitlements to empower pharmacy operators to handle these matters with confidence. This comprehensive overview provides valuable insights into handling leave in the pharmacy context while underlining the importance of proper documentation and adherence to award requirements. Stay informed and proactive to prevent leave-related disputes down the line. Calm The Pharm is brought to you by your host, Sarah Stoddart. Sarah is the founder and director of Vitality Law Australia, a boutique law firm which provides small business owners and healthcare professionals across Australia with clear legal pathways and peace of mind. She is recognised as a leader in the healthcare industry and is one of only a few lawyers in Australia with specialist experience working with pharmacy businesses.  In 2021, Sarah was named the Lawyers Weekly Women in Law Australian Sole Practitioner of the Year. She was also named as a finalist in the AusMumpreneur Business Awards. In 2022, she was named as a finalist in the Women in Business Awards for The Hills and Districts Chamber of Commerce, the Australian Law Awards and again in the Women in Law Awards.  Sarah is the co-author of business book, “Courage and Confidence”. The book is a collection of inspirational stories combined with practical tools, tips and advice written by a small group of Australian women in business.  She is also a non-executive director of MS Queensland. www.vitalitylawaustralia.com Instagram: @vitalitylawaustralia Facebook: Vitality Law Australia LinkedIn: https://www.linkedin.com/in/sarah-stoddart-23b92240/

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  Calm The Pharm Podcast

  Ep 53 - From HMRs to Meals: Understanding pharmacy employee allowances

  Aug 9, 20267 min

  In this episode of the Calm the Pharm podcast, host Sarah Stoddart continues her discussion of the Pharmacy Industry Award, specifically focusing on Clause 19, which pertains to various employee allowances that pharmacy employers must consider. The podcast outlines key allowances that may be necessary based on employee roles and circumstances. Sarah emphasises the importance for pharmacy employers to recognise and apply these allowances appropriately based on employee roles and working conditions. She encourages reflection on what allowances may pertain to their staff and to ensure that payroll systems are equipped to handle changes and meet legal obligations accordingly. Overall, the episode serves as a practical guide for pharmacy owners to better understand their responsibilities regarding employee allowances, ultimately aiding in compliance with the Pharmacy Industry Award while fostering a supportive work environment. Calm The Pharm is brought to you by your host, Sarah Stoddart. Sarah is the founder and director of Vitality Law Australia, a boutique law firm which provides small business owners and healthcare professionals across Australia with clear legal pathways and peace of mind. She is recognised as a leader in the healthcare industry and is one of only a few lawyers in Australia with specialist experience working with pharmacy businesses.  In 2021, Sarah was named the Lawyers Weekly Women in Law Australian Sole Practitioner of the Year. She was also named as a finalist in the AusMumpreneur Business Awards. In 2022, she was named as a finalist in the Women in Business Awards for The Hills and Districts Chamber of Commerce, the Australian Law Awards and again in the Women in Law Awards.  Sarah is the co-author of business book, “Courage and Confidence”. The book is a collection of inspirational stories combined with practical tools, tips and advice written by a small group of Australian women in business.  She is also a non-executive director of MS Queensland. www.vitalitylawaustralia.com Instagram: @vitalitylawaustralia Facebook: Vitality Law Australia LinkedIn: https://www.linkedin.com/in/sarah-stoddart-23b92240/

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