Pharmacy U

All posts tagged Pharmacy Finance

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

Financial conversations with your kids

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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

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

Life insurance – an important estate planning tool

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Estate planning ensures that an individual’s or family’s assets are distributed according to their wishes after death. Read more

5 retail operations tech trends you need to keep an eye on

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While many pharmacists only encounter or look for trends once a year, it's clear that trends don't begin or end at the stroke of midnight on New Year's Eve. 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

7 top tips to buy a pharmacy

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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

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