Entries with the topic Financial Friday.
Cash Flow Matters!
Feb 10, 2017 by Andrew Clark
Small Veterinary businesses face different problems than larger practices. Most of these problems are related to cash availability when the bills come due. Managing cash flow problems before... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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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
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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
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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
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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
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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
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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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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
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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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