Entries by Andrew Clark.

Business rounds, give them a try!

Jul 22, 2016 by Andrew Clark

In the last few Financial Friday blogs, I focused on which reports that you have the technological ability to produce and are useful in managing profitability in your business. ... [ Continue Reading ]

Topics: Featured 3 ,Administration ,Finance ,Management ,Financial Friday

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Commit to Monthly Action - Part 2

Jul 15, 2016 by Andrew Clark

Commit to Monthly Action - Part 2 – Review the practice reports your practice can currently generate To paraphrase several communications, “I’m... [ Continue Reading ]

Topics: Featured 3 ,Administration ,Finance ,Management ,Financial Friday

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Commit to Monthly Action - Part 1 - Review the financials your practice can currently generate

Jul 1, 2016 by Andrew Clark

Although I would like to see more people use the “comment box” functionality below each daily blog, I receive a fair number of personal emails and texts... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Getting Started ,Financial Friday

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Every Veterinary Practice Stores the Inventory Equivalent of Cash

Jun 24, 2016 by Andrew Clark

Managing a practice should begin with the low hanging fruit, selecting opportunities that will yield the largest improvement in cash flow or profitability for the smallest effort or cost. ... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Management ,Optimize Inventory and Suppliers ,Financial Friday

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Elevate Your Practice’s Financial Management above the Crowd, Use a Budget

Jun 17, 2016 by Andrew Clark

Our Veterinary Colleges educate most graduates to go out into the world and become business owners and employees.  The principles of business management vary little from industry to industry.... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Management ,Financial Friday

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If managed properly, one-doctor practices can be sold

Jun 10, 2016 by Andrew Clark

Last week's Financial Friday blog, "Manage Your Solo Practice So That It Can Be Sold" led to quite a few discussions with veterinarians with remarkably strong opinions and experiences... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Management ,Financial Friday

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Manage Your Solo Practice So That It Can Be Sold

Jun 3, 2016 by Andrew Clark

In a recent discussion, a veterinarian who would like to sell a solo practitioner equine predominant client list, asked for ideas on how to value the client list.  A... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Management ,Financial Friday

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Leverage the relationship with your accountant

May 27, 2016 by Andrew Clark

FINANCIAL FRIDAY POP QUIZ:  This is our first ‘Financial Friday’ Quiz.  All the information necessary to answer this quiz question is contained in prior “Financial... [ Continue Reading ]

Topics: Featured 3 ,Build and Lead Your Team ,Finance ,Financial Friday

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Beware the unintended consequences of delayed billing purchases

May 20, 2016 by Andrew Clark

From time to time, veterinarians purchase drugs and supplies from vendors and receive delayed billing, sometimes delayed as long as two quarters.  The vendor makes the offer largely to... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Optimize Inventory and Suppliers ,Financial Friday

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Harvest the Value of Well-Presented Financial Statements

May 13, 2016 by Andrew Clark

Well-presented financial reports have value in excess of decision support for your managerial decisions.  Remember that financial reports tell the story of your practice.  Our use... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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