Mike Jaczko - Max Bearisto
ARTICLES BY THIS AUTHOR
05/16/2023
Accounting mistakes, Part 4: Accounting gaffes round-up – the final five
In previous articles, we looked at a few common types of accounting errors, from improper inventory record-keeping to inappropriate accounting for capital and staff expenses.
05/09/2023
How to account for commercial terms payments – the right way
Solid accounting practices are fundamental to enhancing and preserving the value of your pharmacy business. The converse, of course, is also true: bad accounting can undermine pharmacist-owners' ability to sell their pharmacy when, how and for how much they hope to.
04/25/2023
Why exit planning is essential for your pharmacy
The sad fact is that many if not most pharmacist-owners do not spend enough time getting ready for what will probably the single biggest liquidity event of their lives. We understand why that is.
04/11/2023
Watch your assets when selling your pharmacy
Good accounting matters a lot when you’re thinking of selling your pharmacy business.
03/28/2023
Pharmacy U presenters Mike Jaczko & Max Beairsto: The right way to think about your pharmacy’s lifecycle
The way you as a pharmacist-owner think about the evolution of your business can make a big difference before, during and after it comes time to sell.
02/14/2023
Accounting mistakes, Part 2: Benchmarking your pharmacy’s wages and departments
In our series of blogs about benchmarking, we’ll discuss the best ways to answer a couple of vital questions about your pharmacy business: How much should you be spending on wages? And how do you know if your pharmacy’s departments – front-of-store and dispensary – are profitable enough?
01/31/2023
Pharmacy U presenters Mike Jaczko & Max Beairsto: Fix these accounting mistakes in 2023, Part 1: Inventory
Bad accounting practices are just, well, bad – for your business and for its value when it comes time to sell. If your books are unreliable, a potential buyer is going to look askance at your pharmacy and wonder what else is wrong.
01/17/2023
Pharmacy U presenters Mike Jaczko & Max Beairsto on...benchmarking your dispensary
We have been helping pharmacist-owners sell their businesses for decades now, and we have often been surprised that the one part of their operations to which they are closest – the dispensary – is also one to which they pay the least attention in terms of measuring performance.
12/13/2022
It's cleanup time for your investments - NEW FOR 2022
After a tumultuous 2022 investment year underscores the need to clean up your investment pantry for tax-loss selling purposes.
12/06/2022
To sell your pharmacy the right way, confront your fears
When the day comes to start thinking about selling their business, a pharmacist-owner usually hopes that the transaction will be their big step towards realizing dreams of financial and personal independence. So, why does selling a pharmacy often turn into a nightmare?