Financial Literacy-Cash Flow Statement (Statement of Cash Flows)

Apr 14, 2017 by Andrew Clark

Most veterinary businesses can operate very effectively using three financial statements; the income statement (also called the profit and loss statement), the cash flow statement, and the balance sheet.  ... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Focus on the customer

Apr 13, 2017 by Edward L. Blach, DVM, MS, MBA

For years, veterinarians learned everything they could about procedures, science, and medicine in an effort to make a difference in the lives of their animal patients.  Rarely did we... [ Continue Reading ]

Topics: Featured 3 ,Provide Exemplary Care ,Service Thursday

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Is this good for them or for you?

Apr 12, 2017 by Edward L. Blach, DVM, MS, MBA

When you get approached about special deals to buy large amounts of inventory all at once by distributors or manufacturers, ask yourself, "Is this good for them or good for... [ Continue Reading ]

Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday

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Young talent needs mentorship

Apr 11, 2017 by Edward L. Blach, DVM, MS, MBA

Mentorship is crucial to the development of young talent.  Every practice depends on its ability to attract and retain talent, and especially being able to develop young talent.  ... [ Continue Reading ]

Topics: Featured 3 ,Build and Lead Your Team ,Team Tuesday

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Optimize your digital outreach

Apr 10, 2017 by Edward L. Blach, DVM, MS, MBA

We live in a digital world.  Apple is valued at about $742 billion dollars and largely makes digital devices and services that allow consumers to consume digital services of all... [ Continue Reading ]

Topics: Featured 3 ,Sales and Marketing ,Marketing Monday

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Innovate convenience!

Apr 6, 2017 by Edward L. Blach, DVM, MS, MBA

Customers are willing to pay handsomely for convenience.  Amazon.com has doubled its value in the past 17 months.  For a public company, that only happens with significant performance... [ Continue Reading ]

Topics: Featured 3 ,Provide Exemplary Care ,Service Thursday

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Learn from your supplier partners

Apr 5, 2017 by Edward L. Blach, DVM, MS, MBA

Veterinarians have access to many wonderful resources who are both willing and able to help them grow their practices.  On a daily basis, veterinarians work with representatives of companies... [ Continue Reading ]

Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday

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Recognize what is important to your team

Apr 4, 2017 by Edward L. Blach, DVM, MS, MBA

Most practice leaders only think of money when they establish parameters for a new hire or when they consider changing their compensation packages with their employees.  It is very... [ Continue Reading ]

Topics: Featured 3 ,Build and Lead Your Team ,Team Tuesday

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Grow your business with existing clients

Apr 3, 2017 by Edward L. Blach, DVM, MS, MBA

Your biggest opportunities to grow your practice are in optimizing your services with existing clients.  Think about the opportunity.  You know their name, address, phone, animal names, and... [ Continue Reading ]

Topics: Featured 3 ,Sales and Marketing ,Marketing Monday

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Financial Literacy-Income Statement also called Profit and Loss Statement (P&L)

Mar 31, 2017 by Andrew Clark

Most veterinary businesses can operate very effectively using three financial statements; the income statement (also called the profit and loss statement), the cash flow statement, and the balance sheet. The... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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