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Showing 1 to 3 of 3 articles related to "qualified".

Why Do I Need A Business Valuation

A Business valuation is the process applied by a qualified valuation expert to determine the fair market value of an owner's interest in a business. As a current or prospective pharmacy owner, a business valuation will provide you with an analysis of the pharmacy's value along with the strengths and weaknesses inherent in the business. The purpose of this article is to identify the concepts behind valuation in pharmacy as well as the reasons why a valuation would be conducted.

There are many reasons why you may need a valuation as a pharmacist. Some of the main reasons are to raise capital, protect your business, for estate planning purposes or buying and selling a pharmacy.

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Selling your pharmacy - steps to a successful sale

For many pharmacy owners, they will need to seriously consider selling their pharmacy. Whether this is for personal reasons or forced on them by market conditions, they will need to approach the process with caution and take control. It's your money! It's also your retirement plan! These days, selling a business is harder than ever and the main reason is competition. Take control of the process and ensure that your business is being sold to the "best" and most qualified buyer.

For others, they will remain and take on the challenges facing pharmacy. These pharmacies are strong, robust, and viable. They will be able to grow and withstand the changes which will inevitably come!

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Deciding which business is right for you

I often hear from young professionals I looking for a business to buy. When I inevitably ask them, what are you looking for?. They seem to always respond - anything.

Wrong answer!

If you do not have a clear picture of what you are looking for, you'll be unlikely to find the right business.

1. Are you ready to buy?

The first step is deciding are you ready to buy?

Not all technically competent professionals will make good business owners. You need to:

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