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Ten Reasons to Become a Pharmacy Technician

So, you’ve been in the job market or plan to hit it soon and are looking for promising professions to join. While one solid reason often suffices to start a career in a particular field, we can give you ten reasons for becoming a pharmacy tech.But before that, let’s try and understand what exactly is it that a pharmacy technician does. Pharmacy technicians are allied healthcare professionals trained in performing administrative, clerical and pharmacy-related tasks under the direct supervision of a licensed pharmacist.You could call them the eyes and ears of a pharmacist as they provide a range of support services that help pharmacists fulfill their primary responsibilities. Here are top ten reasons why becoming a pharmacy technician may be a smart career move:Reason #1Positive job outlook: The U.S. Bureau of Labor Statistics has projected a much faster than average growth in the employment of pharmacy technicians over the next decade. According to the bureau, the growing number of older people requiring medication and advances in pharmaceutical research are expected to cause a 32 percent increase in the employment of pharmacy techs in the 2010-20 period.*Reason #2Minimal training requirement: Although pharmacy technicians do not have any formal educational requirements and can be trained on the job, but judging by the current employment trends, it’s best to complete a post secondary pharmacy technician training program and get professional certification to enjoy maximum opportunities. Career training in the field is available at vocational schools as well as community colleges. The training, depending on the program you choose, can last from a few months to a year.Reason #3Attractive remuneration: Pharmacy technicians enjoy attractive compensation, especially considering the fact that the educational prerequisites for the job are rudimentary at best compared to some of the other healthcare professions like nursing. According to the latest payscale.com data, pharmacy technicians make an average of $8.04 – $15.56 per hour or $16,773 – $35,199 per year in total pay, which includes annual salary, hourly wages, bonuses, overtime, tips, commissions, profit sharing, and other types of cash earnings.**Reason #4Online career training: Many schools offer online pharmacy technician training courses that are not just a flexible and convenient alternative to classroom training, but also accepted by employers as valid educational programs.Reason #5Flexibility in work schedule: Since a lot of pharmacies, especially the ones in hospitals, function round the clock, pharmacy techs may enjoy the flexibility to pick a work schedule that suits them. If you have other commitments during the day, you can request your employer for a late work shift.Reason #6Many work opportunities are available: Pharmacy technicians work in a variety of settings including hospital-based pharmacies, retail pharmacies, local drug stores, grocery and departmental stores, insurance companies, pharmaceutical research facilities, etc.Reason #7Opportunity to develop career skills: The job of a pharmacy technician can be a platform to develop important career skills that are also transferable from one job to another.Reason #8Work in clean environment: People with this job usually work in extremely clean and pleasant environment. In fact, part of their job is to keep the space they work in uncluttered and sanitized, so patients and/or their families can get their prescriptions filled without having to worry about contracting infections.Reason #9Potential to grow: With experience and further training, pharmacy technicians can rise up the ranks to supervisory roles. The work also provides an excellent training ground for pursuing advanced education in the field.Reason #10Become a part of the healthcare vertical: Becoming a pharmaceutical technician will provide you a chance to be a part of the flourishing healthcare sector and enjoy the prestige, stability, and gratification it offers. Not only will you receive the perks that come with being a healthcare professional, but you will also return home each day satisfied and content with having helped people at their time of need.Sources:*bls.gov/ooh/Healthcare/Pharmacy-technicians.htm#tab-6**payscale.com/research/US/Job=Pharmacy_Technician/Hourly_Rate

Business Loans In Canada: Financing Solutions Via Alternative Finance & Traditional Funding

Business loans and finance for a business just may have gotten good again? The pursuit of credit and funding of cash flow solutions for your business often seems like an eternal challenge, even in the best of times, let alone any industry or economic crisis. Let’s dig in.

Since the 2008 financial crisis there’s been a lot of change in finance options from lenders for corporate loans. Canadian business owners and financial managers have excess from everything from peer-to-peer company loans, varied alternative finance solutions, as well of course as the traditional financing offered by Canadian chartered banks.

Those online business loans referenced above are popular and arose out of the merchant cash advance programs in the United States. Loans are based on a percentage of your annual sales, typically in the 15-20% range. The loans are certainly expensive but are viewed as easy to obtain by many small businesses, including retailers who sell on a cash or credit card basis.

Depending on your firm’s circumstances and your ability to truly understand the different choices available to firms searching for SME COMMERCIAL FINANCE options. Those small to medium sized companies ( the definition of ‘ small business ‘ certainly varies as to what is small – often defined as businesses with less than 500 employees! )

How then do we create our road map for external financing techniques and solutions? A simpler way to look at it is to categorize these different financing options under:

Debt / Loans

Asset Based Financing

Alternative Hybrid type solutions

Many top experts maintain that the alternative financing solutions currently available to your firm, in fact are on par with Canadian chartered bank financing when it comes to a full spectrum of funding. The alternative lender is typically a private commercial finance company with a niche in one of the various asset finance areas

If there is one significant trend that’s ‘ sticking ‘it’s Asset Based Finance. The ability of firms to obtain funding via assets such as accounts receivable, inventory and fixed assets with no major emphasis on balance sheet structure and profits and cash flow ( those three elements drive bank financing approval in no small measure ) is the key to success in ABL ( Asset Based Lending ).

Factoring, aka ‘ Receivable Finance ‘ is the other huge driver in trade finance in Canada. In some cases, it’s the only way for firms to be able to sell and finance clients in other geographies/countries.

The rise of ‘ online finance ‘ also can’t be diminished. Whether it’s accessing ‘ crowdfunding’ or sourcing working capital term loans, the technological pace continues at what seems a feverish pace. One only has to read a business daily such as the Globe & Mail or Financial Post to understand the challenge of small business accessing business capital.

Business owners/financial mgrs often find their company at a ‘ turning point ‘ in their history – that time when financing is needed or opportunities and risks can’t be taken. While putting or getting new equity in the business is often impossible, the reality is that the majority of businesses with SME commercial finance needs aren’t, shall we say, ‘ suited’ to this type of funding and capital raising. Business loan interest rates vary with non-traditional financing but offer more flexibility and ease of access to capital.

We’re also the first to remind clients that they should not forget govt solutions in business capital. Two of the best programs are the GovernmentSmall Business Loan Canada (maximum availability = $ 1,000,000.00) as well as the SR&ED program which allows business owners to recapture R&D capital costs. Sred credits can also be financed once they are filed.

Those latter two finance alternatives are often very well suited to business start up loans. We should not forget that asset finance, often called ‘ ABL ‘ by those Bay Street guys, can even be used as a loan to buy a business.

If you’re looking to get the right balance of liquidity and risk coupled with the flexibility to grow your business seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of business finance success who can assist you with your funding needs.