Pharmacy U

All posts tagged Pharmacy Finance

Funding long-term care costs – the retirement issue we should be talking about

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As people age, the likelihood of requiring some form of supportive care either at home or in some kind of long-term facility increases. It’s a reality that’s growing and cannot be ignored. 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

Have you sorted out the fate of your family cottage?

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Mike_Jaczko_Max_Beairsto
We work with countless pharmacy owner families across the country and we have found that one of the most important submerged legacy assets is often ignored in the strategic wealth plan – the family cottage. Read more

Making your kids 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

Does your pharmacy business sale qualify for the small business gains exemption?

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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

Take the guesswork out of your retirement

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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

Pharmacists should read their Hemingway

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The state of the union for current pharmacy owner finances, both personal and corporate, is best described as being a mix between “For Whom the Bell Tolls” and “The Sun Also Rises.” Read more

Lifecycle planning for pharmacists

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

Big data for the small pharmacy

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Over the last few years we have seen an explosion of the want and need for “Big Data”. Read more