Hear Ollin Sykes with Sykes & Company – Pharmacy Accounting Experts and Jimmy Neil with Live Oak Bank discuss the Key Performance Indicators of Pharmacy Businesses.

Listen to the free podcast on Key Performance Indicators of Pharmacy #SmallBiz here! Click To Tweet

They will answer questions such as:

• How does my pharmacy business compare with my competitors?
• What is included in my cost of goods sold?
• What is my gross profit (gross margin) percentage and is this reasonable for my pharmacy business?
• How can I reduce my expenses without compromising my quality or service?
• What is my break-even point and why is this important?
• Which of my products or services are making me the most profit?
• What can I do to improve my cash flow?
• How much net profit is my pharmacy making?
• Is my pharmacy business in a good position financially – will it be able to survive a downturn?
• How much money do I have invested in the business?

 

Listen to the podcast here.