Entries with the topic Finance.

Poor management is expensive

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

Veterinary practices can be very good businesses.  However, most veterinarians get very little business education in their formal education.  The result is often a veterinarian who makes many... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Encore: Pay Yourself First

Jan 27, 2017 by Andrew Clark

Its “Financial Friday” again!  In the past 5 years I have had the good fortune to do some consulting work for a national branding and marketing firm. ... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Review Your Practice’s 2016 Financial Performance

Jan 20, 2017 by Andrew Clark

It is January 20th and most veterinary businesses have their year-end 2016 financial statements out by now.   As soon as your financials are available, take some time to review... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Discounts and low fees are costly to your practice

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

There are few activities in managing your practice that will make you more money than adjusting fees.  Every transaction involves your fees.  If your fees are set at... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Budgeting made easy

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

It's a new year, and it's time to make decisions that will help you accomplish your objectives during the year.  Many practices fail to plan, seemingly being... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Manage Creeping Incrementalism Out of Your Expenses

Dec 30, 2016 by Andrew Clark

Managing a veterinary business is a process of making hundreds or even thousands of decisions per year, each one of which has an impact on the cost of operating the... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Take Time at Year End to Review and Plan

Dec 23, 2016 by Andrew Clark

There are plenty of year end time consuming personal and business items on all of our to do lists.  It is probably unfortunate that holiday season and one of... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Use a short list of KPI’s to ensure the health of your practice

Dec 16, 2016 by Edward L. Blach, DVM, MS, MBA

Veterinarians are busy.  You see patients most days and you manage a team of people, and a business.  In order to optimize your business, keep it simple.  ... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Year End “distributor or manufacturer buying” unintended consequences reminder

Dec 9, 2016 by Andrew Clark

It is common for veterinary businesses to be offered 'special deals' for delayed billing on purchases.  Vaccines are often packaged this way with up to six months delayed billing. ... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.

Encore Blog-Plan Well For Equipment Purchases

Dec 2, 2016 by Andrew Clark

This is an Encore Blog.  Sixty days ago I wrote the blog with the objective of encouraging veterinary business owners to be forward thinking regarding end of year equipment... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

No comments found, be the first to post a comment.