Classic Video: Buying a Pharmacy vs Creating a Startup Pharmacy

Categories:

This is a classic video by Ollin Sykes. View our most recent videos on the step-by-step process to buying a pharmacy and creating a start-up.

With fewer stores to buy, should you startup a pharmacy? Ollin Sykes explains why you should look at buying an existing store first—and the importance of cash flow in thinking about buying vs starting up. He addresses how much cash you need for a startup and potential problems, including cash flow drag. Plus he details the single largest mistake you can make with a startup independent pharmacy. For those looking to buy a pharmacy, he talks about the best way to find a store to buy.

Looking to Buy a Pharmacy? Click here for more resources.


 

Related Episodes

The Bottom Line Pharmacy Podcast | Compounding Comeback: Infrastructure, Strategic Marketing, and Relationships Featuring Dr. Justin Clark, PharmD

Turning a struggling pharmacy around...it takes strategy, infrastructure, and most importantly, strong 👏 relationships 👏!   That’s the focus for this week’s episode of The Bottom Line Pharmacy Podcast!   This week, Scotty Sykes, CPA, CFP® and Bonnie Bond, CPA sit down...

read more

The Bottom Line Pharmacy Podcast: The Ultimate M&A Guide for Pharmacy Owners in 2024 and Beyond Featuring Alfonso Zambrano, Esq. Partner with Brown & Fortunato

Think you’re ready to buy or sell your pharmacy? You’ll want to tune in to this episode.  In this episode of The Bottom Line Pharmacy podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA welcome Alfonso Zambrano, Esq. Partner at Brown and Fortunato, to discuss:   The...

read more

The Bottom Line Pharmacy Podcast: Navigating Pharmacy Chain Closure Cash Flow Challenges Featuring Greco De Valencia Y Sanchez

With Walgreens planning to close 25% of its locations over the next 3 years, many independent pharmacies will face significant cash flow challenges from underwater scripts leaving and then coming back to new scripts transferring. In this episode of The Bottom Line...

read more

The Bottom Line Pharmacy Podcast: Tradeshow Series: Cardinal RBC and ThoughtSpot

Catch up on the latest in independent pharmacy in this episode of The Bottom Line Pharmacy Podcast where we share our recap of the 2024 tradeshow circuit.   We share our experience at RBC Cardinal and ThoughtSpot. We also talk about the opportunities pharmacies have...

read more

Search our Podcast Library

  • Type to Search

  • Filter by Category

  • Filter by Tag

Ready to take your pharmacy to the next level?

Contact us today to schedule a complimentary call with one of our pharmacy CPA advisors. Or jump right in and asses your growth potential with our Rx Assessment, exclusively for pharmacy owners.

CONTACT US      GET AN Rx ASSESSMENT

Schedule a complimentary call with one of our pharmacy CPA advisors, or jump right in and asses your growth potential with our Rx Assessment.

CONTACT USGET AN Rx ASSESSMENT