Calm The Pharm Podcast

Sarah Stoddart

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.

  1. 10h ago

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

    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/

  2. Sep 13

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

    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/

  3. Aug 16

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

    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/

  4. Aug 9

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

    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/

  5. Aug 2

    Ep 52 - Pharmacy Industry Award Insights: The Right to Disconnect

    In this episode of the Calm the Pharm podcast, host Sarah Stoddart discusses the Pharmacy Industry Award, particularly focusing on Clause 13a, which addresses the employee's right to disconnect. This relatively new law in Australia allows employees to refrain from monitoring, reading, or responding to work-related contact outside of their working hours, unless it's considered unreasonable. Sarah emphasises that while employees are not obligated to engage with work communications during their personal time, complications can arise in informal communication settings, such as group chats on social media platforms. If such platforms are used for work-related discussions, employees retain the right to ignore those messages outside of work hours. For instance, employers should not expect responses to queries about shift changes sent outside of normal working hours. The Fair Work Act stipulates various factors that determine whether an employee's refusal to engage is unreasonable. Further, Sarah notes that the right to disconnect applies to all businesses, regardless of size. Employers cannot prevent employees from exercising this right. However, it is important to clarify that this law does not prohibit employers from reaching out to employees outside of their work hours; it simply gives employees the power to ignore such contact without repercussions. Overall, Sarah's key takeaway is that employers should be mindful of the timing and necessity of communication with employees outside of work hours, considering the implications of their rights under the new law. By being considerate of the right to disconnect, employers can foster a more respectful and understanding workplace environment. Tune in next week for further insights on navigating pharmacy business and legal issues. 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/

  6. Jul 5

    Ep 51 - The Great Debate: Is the time spent online worth it for your business?

    In this episode of the Calm the Pharm podcast, host Sarah Stoddart shares insights from her recent experience at Leanne Hughes's Con Con, a conference designed for a diverse group of professionals including consultants, facilitators, and business owners. The event emphasised skill-building over industry-specific discussions, fostering cross-disciplinary relationships. Sarah participated in the Great Debate, where she argued against the notion that time spent on LinkedIn is worth it for consultants. As a former debating coach and captain, she relished the opportunity to discuss this topic. The affirmative team presented arguments favoring LinkedIn, citing success stories where contracts emerged from connections made on the platform. Their stance was that visibility on LinkedIn is crucial, suggesting that absence from the site leads to invisibility in the professional landscape. Conversely, Sarah’s negative team argued that LinkedIn has devolved into an "AI cesspool," prioritizing algorithm-driven visibility over meaningful human connections. Sarah emphasised that too much time spent on social media diminishes health and well-being, citing a long-term Harvard study indicating that the quality of interpersonal relationships is the most significant contributor to happiness, rather than professional status or achievements. Throughout her speech, she reiterated the phrase "let’s take this offline," effectively summarising the argument that offline interactions lead to genuine relationship building and professional opportunities. In closing her segment, she asserted that likes, comments, and social media presence do not equate to substantial business outcomes: "People, not algorithms, build trust." Sarah encouraged listeners to reflect on their own use of online platforms and consider the value of investing time in face-to-face relationships instead. She invited feedback on this topic, concluding the episode by expressing her eagerness to engage with her audience on this vital aspect of professional development. This episode serves as a compelling reminder for professionals to prioritise authentic relationships over virtual visibility, encouraging a shift from online engagement to personal connections to enhance business success and overall well-being. 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/

  7. Jun 28

    Ep 50 - Protecting Your Interests: The case for contract reviews

    In this episode of the Calm the Pharm podcast, host Sarah Stoddart emphasises the importance of having contracts reviewed by a legal professional before signing them. She highlights a common mistake where individuals wait to submit signed contracts to their solicitors for review, which can lead to significant legal complications, as signed contracts are binding and challenging to amend. The episode concludes with a cautionary reminder about the costs and complications arising from unreviewed contracts. Once signed, negotiating changes, especially regarding critical details like parties involved and important conditions, can become difficult or impossible, ultimately costing the signing party much more than the investment in a legal review beforehand. Sarah encourages listeners to prioritise contract review to protect their interests and avoid unnecessary legal headaches. This guidance aims to empower pharmacy owners and business professionals in navigating contract matters with confidence. 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/

  8. Jun 21

    Ep 49 - Navigating Security Interests: PPSR essentials

    In this episode of the Calm the Pharm podcast, host Sarah Stoddart discusses the critical role of the Personal Property Securities Register (PPSR) in pharmacy businesses. The podcast highlights the importance of planning and communication in transactions, particularly around payments and stock orders to manage the risks associated with these security interests. Sarah emphasises the need for both buyers and sellers in the pharmacy sector to understand the implications of the PPSR to facilitate smoother transaction processes. Overall, understanding and navigating the PPSR is crucial for pharmacy business owners, whether they are buying or selling, to ensure their transactions are handled appropriately and securely. 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/

About

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.