Why the First 18 Months of a Pharmacy Start-up are Make or Break
The first 18 months is a critical time for any pharmacy start-up to become successful. In this video, Ollin Sykes of Sykes & Company, P.A. discusses what it takes to be cashflow positive, what to do in those first 18 months to …
Why an Advisory Team with Pharmacy Know-how is Critical in Every Stage of Ownership
A start-up pharmacy has different needs when it comes to which advisors work with you. Who are the pharmacy advisors you need during the start-up pharmacy phase? This video describes the advisors that a start-up pharmacy needs, including legal healthcare advisor to …
Pharmacy Advisory Services Promote Growth
We continue our conversation about the pharmacy advisory team you need during the start-up pharmacy phase. In this video, Ollin Sykes CPA, discusses who your start-up pharmacy should have in place to succeed. Learn which advisors must be on your team to …
Pharmacy Lending: The Inside Scoop from Live Oak Bank
Have you ever considered pharmacy ownership? In this episode of The Bottom Line Pharmacy Podcast, your hosts and special guest Greco De Valencia from Live Oak Bank discuss the current state of pharmacy lending from a banking perspective. The pharmacy industry is …
Startup Pharmacy “The Pharmacy” on How to Be Successful
On The Bottom Line Pharmacy Podcast, our team talks to the owner of The Pharmacy startup in Florence, South Carolina, Jarrod Tippins, PharmD. After only six years, The Pharmacy has seen great success. What are some contributing factors to his startup pharmacy …
Classic Video: The Worst Mistakes in Startup Pharmacies
This is a classic video by Ollin Sykes. View our most recent video on mistakes made by startup pharmacies. Working with independent pharmacies across the country, Ollin Sykes has seen his share of mistakes and worst case scenarios. In this video he …
Pharmacy Start-up Costs: Leases/Facility Planning
Pharmacy start-up costs can mount quickly if not carefully monitored. It is important to carefully consider the terms of the lease and conduct thoughtful facility planning when opening a new independent pharmacy. In this video, Ollin Sykes, CPA and Bonnie Bond, CPA …
Classic Video: Best Business Structures for New Pharmacies
This is a classic video by Ollin Sykes. View our most recent video on this topic, Types of Business Structures for Pharmacies. If you’re thinking about buying an existing pharmacy or creating a start-up pharmacy, we share tips regarding the best business …
Classic Video: What Are Startup Pharmacy Costs?
This is a classic video by Ollin Sykes. View our most recent videos on this topic. If you want to open a startup pharmacy, you may be surprised at all of the costs involved. In this video, Ollin answers questions including: How …
Opening a Start-Up Pharmacy: Your Step-by-Step Process
There are many factors to consider to make your start-up pharmacy successful. Pharmacy CPA, Ollin Sykes, discusses the importance of a business plan and market analysis. This plan should include sales, profit and cash flow projections. Once this is complete, make sure …
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