What does it take to run a successful chain of busy pharmacies? You need specialised medical knowledge and skills, for a start. But according to Binh Luu, director of pharmacy chain MediADVICE, it’s also vital to be across new technology and finance opportunities.
Starting in 1995, Binh built up his business which became strongly embedded in local communities. His vision was then to shift from a retail focus into also providing consultations. MediADVICE established a training centre to support this.
Binh turned to Bendigo Bank for help to strengthen his business. They were able to offer not simply finance, but advice and support about the best way for MediADVICE to achieve its goals. “They’re always keeping in touch with you.”
“We found that Bendigo Bank worked really well with us – they would take on the opportunity, dissect it, and believe in what we’re trying to do,” explained Binh.
What are the differences that Bendigo Bank offers to businesses like MediADVICE? View the following video to find out.
I feel like my business really matters with the Bendigo Bank because they're always keeping in touch with you. They see how you're going. If I need anything, I call, they respond straight away.
My name is Binh Luu, and I'm the director of MediADVICE. We started in '95, our first business. We've been practicing there for about eight years. After that, we got into community pharmacy business.
Now I want to change the workflow in the pharmacy, not just retail, but more consultation. So we set up this training centre and make sure that the workflow is correct. We found that Bendigo Bank work really well with us because they would take on the opportunity, dissect it, and understand the business and believe in what we're trying to do. So that's how Bendigo Bank fund us into the next phase of our business. If we have a concrete plan, Bendigo Bank would always be there.
Being involved in business, you got to be abreast with all the new technology, all the new finance opportunity. They have business banking, which we use, and we use them to invest in pharmacies. We use them for our EFTPOS machine. We also use them for knowledge and discuss what we wanted to do, is their opportunity to utilise what you have and grow, and they're available.
There's a lot of bank out there, but you got to choose one that will understand you, that you can relate to, or you learn with who's a phone call away, and Bendigo Bank is a good choice.
I feel like my business really matters with the Bendigo Bank because they're always keeping in touch with you. They see how you're going. If I need anything, I call, they respond straight away.
My name is Binh Luu, and I'm the director of MediADVICE. We started in '95, our first business. We've been practicing there for about eight years. After that, we got into community pharmacy business.
Now I want to change the workflow in the pharmacy, not just retail, but more consultation. So we set up this training centre and make sure that the workflow is correct. We found that Bendigo Bank work really well with us because they would take on the opportunity, dissect it, and understand the business and believe in what we're trying to do. So that's how Bendigo Bank fund us into the next phase of our business. If we have a concrete plan, Bendigo Bank would always be there.
Being involved in business, you got to be abreast with all the new technology, all the new finance opportunity. They have business banking, which we use, and we use them to invest in pharmacies. We use them for our EFTPOS machine. We also use them for knowledge and discuss what we wanted to do, is their opportunity to utilise what you have and grow, and they're available.
There's a lot of bank out there, but you got to choose one that will understand you, that you can relate to, or you learn with who's a phone call away, and Bendigo Bank is a good choice.
Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided in this article is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described in this article. Please also review our Financial Services Guide (FSG) before accessing information in this article. Information in this article can change without notice to you.