Pharmacy U

All posts tagged financial planning

How do In-Trust For accounts work, and why should you care?

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Mike_Jaczko_Max_Beairsto
Many small business owners, including independent pharmacy owners, continue to utilize “In-Trust For accounts" or ITFs to help save money for their children, for a number of reasons. Read more

Your kids need to be part of your pharmacy plan

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Mike Jaczko
When I speak with established pharmacy owners about what worries them, health, work stress and retirement readiness all make the list. As I help prepare them for succession, another concern often emerges – wanting to ensure their children grow to be happy, productive and successful adults. Read more

The numbers game – What role does inflation play in your pharmacy business?

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Mike Jaczko
Pharmacists are not just healthcare providers. Many are also investors. As investors, you need to understand the effects of inflation on your investment portfolio. Here’s an introduction to the world of nominal and real investment rates. Read more

It’s tax-planning time. RRSPs or TFSAs? What’s your best option?

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Mike Jaczko
The RRSP deadline looms the end of February, so it's time to make some decisions about your tax-free savings options. Read more

Help! How do I calculate the real ROI of a pharmacy investment?

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When considering any new purchase or costly change to your pharmacy it is important to create a return on investment analysis (ROI). Read more

It’s year-end tax cleanup time for your pharmacy business!

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Mike_Jaczko_Max_Beairsto
It’s time to clean up your investment pantry for tax-loss selling purposes. Read more

4 questions you need to ask to assess the value of your pharmacy

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Mike Jaczko
Whether you are a pharmacy owner or a potential pharmacy buyer, it is always important to understand what a pharmacy business may be worth. Read more

Having uncomfortable financial conversations with your kids

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There’s always an uncomfortable pause when I ask my clients whether they talk to their kids about wealth. Read more

What’s the right formula for your Return on Investment?

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PHU Using Sales and Marketing Skills to Grow Your Practice
Time saved = time to reallocate = money. This is possibly true. Read more

Think it’s time to buy a pharmacy? Know the pitfalls first.

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When pharmacist Mark Scanlon purchased a small pharmacy in Peterborough, Ont. in December 2013, he was more prepared than most would-be entrepreneurs for the many challenges of ownership. Read more