Entries with the topic Financial Friday.
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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It is Time for Your Monthly Action-Review Your Financial Reports
Sep 16, 2016 by Andrew Clark
It is mid September now and your practice financials should be ready for you to review. If you have been following Financial Friday for a while you will remember... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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Top line or bottom line
Sep 9, 2016 by Edward L. Blach, DVM, MS, MBA
When you hear the term 'top line' with respect to financials, it refers to total revenues or sales for the company. In contrast, when you hear about 'bottom line',... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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Never Use Miscellaneous as a Category in Your Financials
Sep 2, 2016 by Andrew Clark
I am always skeptical about the value of financial statements that include the word miscellaneous. I was reviewing the financials on a practice that one of my Virtual CEO... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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Albert Einstein, Financial Advisor?
Aug 26, 2016 by Andrew Clark
Many, if not most veterinary practice owners and their staffs repeat the same financial policies, procedures, and decisions every month for years and even decades. In spite of this remarkable... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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It is Financial Friday August 19 What Should I be Managing?
Aug 19, 2016 by Andrew Clark
By this time of the month the financial statements for July should be available. In an earlier Financial Friday Blog, I suggested that you commit to monthly financial management... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
How much is it costing you to get the best price on everything?
Aug 12, 2016 by Andrew Clark
Our objective for ismypracticehealthy.com daily blogs is to create brief, high impact content that can immediately be used to improve a business. I look for Financial Friday nuggets... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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Understand the Real Cost of Training Required to Add a Service to Your Practice
Aug 5, 2016 by Andrew Clark
Before committing to attend a training course to enable your business to provide a new service to your clients, be sure you understand all the costs associated with the course.... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Financial Friday
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Renegotiate Your P & L Expense Agreements
Jul 29, 2016 by Andrew Clark
The past few Financial Fridays have focused on developing a process to use financial statements and practice management reports to identify expenses that just seem to be too high (or... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Financial Friday
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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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