Welcome to EVCOR Advisor with Max Beairsto: Your Guide to Successful Pharmacy Transactions. Max Beairsto is a seasoned expert with over 28 years in business valuations and this show is designed to help pharmacy owners and prospective buyers navigate the complexities of buying, building, preparing, and selling pharmacies. Listen in for insights from Beairsto's book "Buy It Smart, The Ultimate Guide to Buying a Pharmacy", as well as interviews with industry leaders. Gain the tools and knowledge needed to maximize your return on investment and make informed, profitable decisions. Subscribe now on all major platforms.
16
Podcast Authority
BetaPoorBased on show quality, social media presence, reviews, charts, and more
Quality31
Social0
YouTube0
Engagement0
Podcast Overview
Welcome to EVCOR Advisor with Max Beairsto: Your Guide to Successful Pharmacy Transactions. Max Beairsto is a seasoned expert with over 28 years in business valuations and this show is designed to help pharmacy owners and prospective buyers navigate the complexities of buying, building, preparing, and selling pharmacies. Listen in for insights from Beairsto's book "Buy It Smart, The Ultimate Guide to Buying a Pharmacy", as well as interviews with industry leaders. Gain the tools and knowledge needed to maximize your return on investment and make informed, profitable decisions. Subscribe now on all major platforms.
Language
🇺🇲
Publishing Since
12/9/2024
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16
Podcast Authority
BetaPoorBased on show quality, social media presence, reviews, charts, and more
Quality31
Social0
YouTube0
Engagement0
6
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12
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excellent
Episode Length
13 minutes
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6.2/10
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Every 18 days
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Recent Episodes
March 26, 2025
#5 Understanding and Managing Impaired Assets in Your Pharmacy Business
<p>In this episode of the EVCOR Advisor Podcast, host Max Beairsto delves into the critical yet often overlooked topic of impaired assets within the pharmacy industry. This episode is a must-listen for pharmacy owners looking to maintain their business value and profitability. Max breaks down what impaired assets are and explains their impact on a pharmacy's valuation and overall financial health. The discussion includes common sources of impairment such as inventory inaccuracies, mismanaged accounts receivable/payable, and issues with fixed assets and goodwill. Max shares practical advice and real-world examples to help pharmacy owners navigate these challenges effectively, ensuring a more accurate financial representation and future success. Tune in to gain valuable insights and strategies for better business decision-making.</p><p>00:00 Introduction to EVCOR Advisor Podcast</p><p>01:40 Understanding Impaired Assets</p><p>04:38 Inventory Impairment</p><p>13:46 Accounts Receivable and Payable</p><p>17:30 Fixed Assets and Goodwill Impairments</p><p>19:50 Why Impaired Assets Matter for Buyers and Sellers</p><p>21:56 Practical Steps to Safeguard Your Business</p><p>27:29 Conclusion and Resources</p><p><strong>Connect with Max Beairsto:</strong></p><p>Web Site: <a href="https://www.evcor.com/" rel="noopener noreferrer" target="_blank">Evcor.com</a></p><p>LinkedIn: <a href="https://www.linkedin.com/company/evcor/?viewAsMember=true" rel="noopener noreferrer" target="_blank">@EVCOR</a> & <a href="https://www.linkedin.com/in/maxbeairsto/" rel="noopener noreferrer" target="_blank">@MaxBeairsto</a></p><p>Purchase Your Copy of Buy It Smart:<a href="https://a.co/d/iNcXH1Q" rel="noopener noreferrer" target="_blank"> https://a.co/d/iNcXH1Q</a></p>
March 20, 2025
#4 From Urban to Rural: Exploring the Pharmacy Market Landscape
<p>Join host Max Beairsto on the EVCOR Advisor Podcast as he explores the latest trends and dynamics in the pharmacy sector. Discover why buying a pharmacy could still be a lucrative investment despite decreasing gross margin percentages. Understand the impact of rising interest rates on pharmacy valuations, and learn about innovative financing strategies like vendor financing, equity rollovers, and minority partnerships. Max also shares insights on the importance of proper guidance, the decline in formal business education, and the high demand for pharmacies, particularly in rural areas. Don’t miss this episode packed with invaluable tips for navigating the ever-evolving pharmacy market.</p><p>00:00 Introduction to the EVCOR Advisor Podcast</p><p>00:06 Current Trends in the Pharmacy Sector</p><p>00:33 Gross Margin Dynamics in Independent Pharmacies</p><p>01:11 Impact of Pharmacist Wages and Availability</p><p>02:13 Interest Rates and Market Dynamics</p><p>03:49 Alternative Financing Methods in Pharmacy Acquisitions</p><p>06:30 The Importance of Business Education for Pharmacy Buyers</p><p>07:41 Opportunities in Rural Pharmacy Markets</p><p>08:22 Conclusion and Upcoming Episodes</p><p><strong>Connect with Max Beairsto:</strong></p><p>Web Site: <a href="https://www.evcor.com/" rel="noopener noreferrer" target="_blank">Evcor.com</a></p><p>LinkedIn: <a href="https://www.linkedin.com/company/evcor/?viewAsMember=true" rel="noopener noreferrer" target="_blank">@EVCOR</a> & <a href="https://www.linkedin.com/in/maxbeairsto/" rel="noopener noreferrer" target="_blank">@MaxBeairsto</a></p><p>Purchase Your Copy of Buy It Smart:<a href="https://a.co/d/iNcXH1Q" rel="noopener noreferrer" target="_blank"> https://a.co/d/iNcXH1Q</a></p>
January 27, 2025
#3 Mastering Accounting for Pharmacy Owners: Tips for a Profitable Sale
<p>In this episode of EVCOR Advisor, host Max Beairsto delves into crucial accounting practices for pharmacy owners, especially when preparing to sell their business. Highlighting the importance of meticulous financial records, Max consults with Lorraine Myers, a Senior Valuation Consultant, who outlines six key areas: accounting procedures, bank reconciliations, accounts receivable/payable, commercial terms, inventory, and capital assets versus expenses. Tune in to learn how good accounting can significantly impact your business's health and sale value, and get practical advice on maintaining accurate and detailed records.</p><p>00:00 Introduction to the EVCOR Advisor</p><p>00:12 The Importance of Accounting in Pharmacy Ownership</p><p>00:43 Challenges in Pharmacy Accounting</p><p>01:09 Key Areas of Focus in Accounting Practices</p><p>02:29 Expert Insights from Lorraine Myers</p><p>02:46 Detailed Breakdown of Accounting Areas</p><p>06:40 Conclusion and Final Thoughts</p><p>07:47 Closing Remarks and Contact Information</p><p><strong>Connect with Max Beairsto:</strong></p><p>Web Site: <a href="https://www.evcor.com/" rel="noopener noreferrer" target="_blank">Evcor.com</a></p><p>LinkedIn: <a href="https://www.linkedin.com/company/evcor/?viewAsMember=true" rel="noopener noreferrer" target="_blank">@EVCOR</a> & <a href="https://www.linkedin.com/in/maxbeairsto/" rel="noopener noreferrer" target="_blank">@MaxBeairsto</a></p><p>Purchase Your Copy of Buy It Smart:<a href="https://a.co/d/iNcXH1Q" rel="noopener noreferrer" target="_blank"> https://a.co/d/iNcXH1Q</a></p>
6 total episodes available
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- What is EVCOR Advisor?
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