Like most pharmacy owners, a great deal of your wealth is held within your business. This is necessary for most business owners as the business builds and there are debts to repay. Acknowledging of course the low interest rate environment we are in that will assist many small business owners and the recent budget announcement,
Many of my pharmacy clients don’t rely entirely on their business to support them in retirement. They take advantage of the concessions to be had investing in superannuation and invest in companies they like to build their wealth. Depending on the answers to the questions I ask them, they may only invest a small amount
There are a number of insurances to look at when in business. An example for Pharmacists to consider might be insuring the lives of their business partners so the business partner’s estate can be paid their share of the business in the event of death. Another major issue that could cause a pharmacy business to
You have successfully operated your pharmacy for many years and it is time to sell – maybe to retire or look at other business opportunities. Many issues would be on your mind like finding the right buyer and receiving a top price for your business.