Pharmacy U

All posts tagged Pharmacy Finance

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

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