#5 Understanding and Managing Impaired Assets in Your Pharmacy Business
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