Entries by Andrew Clark.

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

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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

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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

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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

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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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