When selling a pharmacy, every team needs a quarterback
A transition quarterback is primarily an intermediary and an overseer—sort of a “white hat” for the sale project—who ensures that everyone on the team is working together, getting along, and moving in the same direction: towards a satisfactory sale of your business. Without an effective leader, the transition team experience can go wrong in a whole bunch of ways.
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More Blog Posts In This Series
12/9/2024
It's year-end tax cleanup time 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. This investment strategy kicks in when you sell a stock for a capital loss, so that you can use the loss to offset realized capital gains with a view to reducing the tax you ultimately pay.
11/25/2024
Is it time for you to buy another pharmacy?
To successfully acquire a pharmacy, you need to collect adequate information from reputable sources, understand the regulatory environment and sources of revenue, utilize trusted professionals, and be wary of irrational enthusiasm.
11/11/2024
Tips for pharmacists to lend money to your kids the right way
Many pharmacy owners have the means and the desire to loan money to their children for a variety of good reasons. This post considers some of the pitfalls you may wish to consider. We encourage you, as pharmacy owners, to speak with your accountant and estate lawyer before loaning money to your children. You’ll be glad you did!
