Pharmacy U

All posts tagged Mike Jaczko

The three stages of financial planning for your pharmacy

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Mike_Jaczko_Max_Beairsto
No business remains the same over the course of its lifetime, from startup to exit. Read more

Are you prepping for retirement?

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Mike_Jaczko_Max_Beairsto
Whether we acknowledge it or not, we all have a nagging little voice in the back of our heads that goes around and around wondering whether we currently have enough money to retire and if so, can we continue to enjoy the lifestyle we have come to expect? Read more

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

Rx metrics – The first six months of COVID and pharmacy finances

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Mike_Jaczko_Max_Beairsto
Earlier in the year, we reported on the economic implications facing pharmacists and pharmacies during the first four months of the COVID-19 pandemic. Read more

Determining a pharmacy’s value before you buy

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Mike_Jaczko_Max_Beairsto
To successfully acquire a pharmacy, you need to collect adequate information from reputable sources, understand the regulatory environment and sources of revenue, utilize trusted professionals, and be wary of irrational enthusiasm. Read more

Rx metrics – The first four months of COVID and pharmacy revenue

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Mike_Jaczko_Max_Beairsto
Undoubtedly the COVID-19 pandemic has changed the way pharmacists practise. Read more

The pharmacy phoenix will rise from the COVID-19 ashes

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Mike_Jaczko_Max_Beairsto
Pharmacy is in a unique position to come back stronger than before the pandemic. We submit that no one wants to benefit from the misfortune of others, but there is and will be many sound commercial opportunities here. Read more

Negative interest rates: what are they, and why should pharmacists care? Part 2

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Mike_Jaczko_Max_Beairsto
Do you as a pharmacist rely on a pension fund? If so, you're like most people, who depend on a pension to some extent to help fund their retirement. Read more