Pharmacy U

All posts tagged Pharmacy Finance

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

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

So, you want to own a pharmacy, Part 3 – Know your numbers

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Pavi_resized_1
How well do you understand your numbers? Numbers can be a daunting task for many people and there is no shame in that. It is the main reason that it is always recommended to utilize a professional when considering transactions, especially ones that are complicated. But there are some basics that individuals should understand. Read more

Buying a pharmacy? Do your due diligence.

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Mark Scanlon, Council President, Ontario
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

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

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

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Mike_Jaczko_Max_Beairsto
The concept of "negative interest rates" is creeping slowly into our financial lexicon. But what exactly are negative interest rates, and what impact does their existence have on the average Canadian? Read more

4 questions you need to ask to assess the value of your pharmacy

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Mike Jaczko
Whether you are a pharmacy owner or a potential pharmacy buyer, it is always important to understand what a pharmacy business may be worth. Read more

Pharmacists, cottages and family dynamics

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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

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

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Mike_Jaczko_Max_Beairsto
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