Mike Jaczko - Max Bearisto
ARTICLES BY THIS AUTHOR
01/16/2024
12 business resolutions for pharmacist-owners in 2024
The new year – still fresh – presents an opportunity not only to look back at all that was accomplished over the past 12 months, but also to look ahead and set priorities for the new year.
11/28/2023
Year-end tax-loss selling for your pharmacy business
Tax-loss selling is an investment strategy that can lower your tax bill. Interested in knowing more? Does this apply to your pharmacy business? Read on.
11/14/2023
Selling your pharmacy? Win the mental game first
Many pharmacist-owners sell their companies and then find something in their lives is missing. They might have dreamed of retirement for a long time as a nirvana of comfort and leisure, but the reality turns out to be something different, and disappointing.
10/31/2023
From pharmacy owner to investor – the mindset change you need post-exit
To protect and grow a large sum of money like the one you (hope to) receive from the sale of your pharmacy business, you need to have a completely different mindset. After you sell, you are no longer an entrepreneur or business-builder. You are an investor.
09/28/2023
Someone wants to buy your pharmacy. Now what?
Selling a pharmacy is a big life event, and it will impact your financial and emotional well-being for a long time to come. It is not a decision to be taken lightly, no matter how flattered you might be. So, if a buyer comes calling, step back and take a breath. Let the first flush of emotion pass.
09/26/2023
5 key steps to sell your pharmacy
Selling a pharmacy can be a complicated, even daunting process. Legalese and accounting terms can get thrown around like spaghetti in a food fight, and even the most business-savvy pharmacist-owners can sometimes feel like they are caught in a tempest over which they have little control.
08/08/2023
Using life insurance in your pharmacy estate planning
Life insurance is often used as a solution to problems and needs identified in the estate planning process. Here we three estate planning strategies pharmacy business owners should consider that include life insurance: estate preservation; estate equalization; and business succession planning.
07/04/2023
The pharmacy sale cycle: strategic wealth planning for pharmacist-owners
Selling a pharmacy business is usually the biggest liquidity event of a pharmacist-owner’s life. Yet, in our experience advising pharmacist-owners, how they will integrate the proceeds of a business sale into their long-term financial planning is often something of a grey area.
06/27/2023
Looks aren't everything...but they sure can help sell your pharmacy
If you are selling your pharmacy business and want to maximize its value on the market, appearances matter.
06/13/2023
Accounting mistakes to fix now: a primer for your pharmacy
The good news is that most, if not all, of these mistakes are easily avoidable or – if you are currently making them – fixable. Yet remember: when you are thinking of selling your pharmacy, time is not your friend when it comes to getting your books in order.