#5 Understanding And Managing Impaired Assets In Your Pharmacy Business EVCOR Advisor podcast

#5 Understanding and Managing Impaired Assets in Your Pharmacy Business

2M ago 29:37

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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.

00:00 Introduction to EVCOR Advisor Podcast

01:40 Understanding Impaired Assets

04:38 Inventory Impairment

13:46 Accounts Receivable and Payable

17:30 Fixed Assets and Goodwill Impairments

19:50 Why Impaired Assets Matter for Buyers and Sellers

21:56 Practical Steps to Safeguard Your Business

27:29 Conclusion and Resources

Connect with Max Beairsto:

Web Site: Evcor.com

LinkedIn: @EVCOR & @MaxBeairsto

Purchase Your Copy of Buy It Smart: https://a.co/d/iNcXH1Q

6 episodes