Entries with the topic Financial Friday.

Would You Like to Have Your Drugs and Supplies On Consignment?

Nov 25, 2016 by Andrew Clark

Veterinary Businesses work in an environment in which we have significantly less ability to increase our net profit via the top line than we did prior to the Great Recession.... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Spend Smart to Lower Taxes

Nov 18, 2016 by Andrew Clark

Quarter four of each year is a time when veterinary business owners meet with their accountants to forecast how much cash the business will have at year end.  If... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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How to Outline Your Financial Records

Nov 11, 2016 by Andrew Clark

Definition of ‘Outline’ (www.grammar.about.com) An outline is a plan for--or a summary of--a writing project or speech. An outline is usually in the form of... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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A Vendor Discount Can Reduce Profit

Nov 5, 2016 by Andrew Clark

A veterinary business usually has several objectives.  Those objectives may be related to financial performance, animal health and welfare, social issues, community support, philanthropic causes, etc.  Financial Friday... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Macro Economic Trends May Help You Prepare Your Recession Business Plan

Oct 28, 2016 by Andrew Clark

I attended the fourth annual AVMA Economic Summit this week.  The progress made in understanding the business of our profession since the first summit is nothing short of amazing.... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Plan Your Capital Spending Out over The Time Horizon (years in advance)

Oct 21, 2016 by Andrew Clark

At ismypracticehealthy.com, our objective is to give you brief, high impact business education blogs.  Unfortunately, the majority of veterinary practices do not prepare and use an operating budget.... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Start Early, Pay Yourself First

Oct 14, 2016 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

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Plan Well for Equipment Purchases

Oct 7, 2016 by Andrew Clark

One of the ‘tricky’ things about your financials is that you have to look at your Income Statement, Cash Flow Statement and Balance Sheet before you can make... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Protecting The Financial Health of Your Practice if You Can’t Work

Sep 30, 2016 by Andrew Clark

I often decide on the Financial Friday blog topic as a result of a “real life” discussion during the week that illuminates a profitability or cash flow challenge.... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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Stop the bleeding.  Get under 60%!

Sep 23, 2016 by Edward L. Blach, DVM, MS, MBA

Labor and inventory are the two biggest cost areas of most practices.  Most practices do a poor job of managing both.  Their financials reveal this fact.  They... [ Continue Reading ]

Topics: Featured 3 ,Finance ,Financial Friday

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