Pharmacy U

All posts tagged Mike Jaczko

Ready to buy a new pharmacy? Read this first…

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This should have been the happiest of times. Would-be pharmacy owner John was the winner of a bid for a new pharmacy, and he was excited to settle in and get working. Read more

Automatic contract renewals – know the pitfalls!

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Pharmacy owners invariably enter into a variety of agreements as part of the normal course of business. Read more

Talking to your kids about wealth management

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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

Learn the ABCs of pharma finance

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As a pharmacist myself, I understand that pharmacists and pharmacy owners face many challenges to keep your practices running smoothly. Read more

Making the most of TFSAs

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Most pharmacists would opt to pay fewer taxes and save more of their money for a rainy day. Read more

Life insurance can help your business succession planning

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Estate planning ensures that an individual’s or family’s assets are distributed according to their wishes after death. Life insurance is often used as a solution to problems and needs identified in the estate planning process. Read more

Having the tough talk with your kids. No, not sex – finance!

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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

Value drivers to sell your pharmacy business at the highest price, part 4

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Although some buyers in the market focus almost entirely on numbers in their approach, it is important that you pay attention to the physical appearance and condition of your facility and equipment. This factor extends beyond the shelves, ceiling and floor, to the tidiness and cleanliness of work areas and your staff. Read more

The Qualifying Small Business Exemption and what it can do for you

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Over the years, we have often found many pharmacy owners unprepared to take advantage of the Qualifying Small Business Exemption (QSBE). Read more

What’s TVM…and why should you care?

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Proper financial planning takes time and the help of a good financial planner to determine your current and long-term financial goals. Read more