Classic Video: NCPA Trends: A Rise in Organic Pharmacy Startups
One of the trends apparent at this summer’s NCPA Ownership Workshop is the rise of new independent pharmacy owners who begin their new pharmacy organically rather than buying an existing location. Ollin Sykes of Sykes & Company, P.A., describes the trends and …
Classic Video: Trends In Perpetual Inventory Practices
In this video blog, Ollin Sykes of Sykes & Company, P.A., talks about why it’s important for independent pharmacy owners to have a perpetual inventory system that’s kept up to date. What are other trends in pharmacy accounting? Learn about the rise …
Classic Video: 3 pharmacy business trends you can’t afford to ignore
Ollin Sykes and Sykes & Company, P.A., focus on pharmacy accounting. Learn about the three trends they’re seeing in pharmacy business and why you need to pay attention to them. These trends include: The rise of generic inventory & the need to …
Classic Video: 4 Traits of Successful Independent Pharmacy Owners
This is a classic video by Ollin Sykes. View our most recent video, Traits of Successful Independent Pharmacy Owners. Learn the top four traits in successful pharmacy owners. Whether you already own one or more pharmacies, are thinking about buying a pharmacy …
Classic Video: Selling Your Independent Pharmacy
In the last of our highlights videos from the fall 2013 National Community Pharmacist Association (NCPA) convention, Ollin Sykes talks about questions he commonly receives from owners of independent pharmacies when they start thinking about selling. In this video, he talks about …
Classic Video: Creating a Financial Dashboard for your Pharmacy
You may be surprised to learn that having a financial dashboard for your independent pharmacy goes far beyond just knowing how much cash you have. In this video, Ollin Sykes of Sykes & Company, P.A., talks about how to set up a …
Classic Video: Gross margin expansion ideas for your independent pharmacy
In this video blog, Ollin looks at two ways to improve gross margins for your pharmacy: increasing your generic drug dispensing percentage and including obesity prevention services. Ollin talks about how and why it’s worth taking the time to switch patients to …
Classic Video: When I want to sell my pharmacy, are there hidden fees?
Continuing our series of answers of common questions from the NCPA Ownership Workshop in May, Ollin Sykes of Sykes & Company P.A. talks about the fees associated with selling your pharmacy. What do you need to ask about and what do you …
