Episode 7

Prescribing Prosperity: Simon Reynolds' Story

Purpose of Wealth Podcast

About the episode

Imagine this. You’ve spent your childhood growing up in a family business – the whole family lives and breathes it. Then one day the driving force behind the business – your Dad – suddenly gets ill. Seriously ill.

What happens next?

In this episode of Purpose of Wealth, we take a trip to the pharmacy and chat with second-gen entrepreneur Simon Reynolds, co-founder of the national network the Pharmacy Alliance, about scaling up, selling out, and the wake-up call when a founder faces a serious illness. Oh, and there’s a surprising story about a turkey, too.

Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au – or email us at purposeofwealth@mutualtrust.com.au

Featuring

Narelle Hoope - Host

During more than 25 years as a business and finance journalist and editor Narelle has worked for Australia’s leading media groups including the ABC, Fairfax Media and SBS TV. She’s a former Editor of the Australian Financial Review’s BOSS Magazine and was founding co-chair of the Financial Review’s Women of Influence Awards.

Simon Reynold - Guest

Simon is both a pharmacist and a second-generation pharmacy owner. This includes ownership interests in pharmacies spanning the continent, and in some of Australia’s most remote, rural and regional communities.

Originating from Albany, Western Australia, Simon has always been passionate about helping independent pharmacies run better businesses. This is why in 2002 he founded Pharmacy Alliance, a business dedicated to supporting independent pharmacies. When Simon left the group in 2022, the business was supporting over 700 pharmacies across Australia.