Entries with the topic Financial Friday.
Commit to Monthly Action - Part 2
Jul 15, 2016 by Andrew Clark
Commit to Monthly Action - Part 2 – Review the practice reports your practice can currently generate To paraphrase several communications, “I’m... [ Continue Reading ]
Topics: Featured 3 ,Administration ,Finance ,Management ,Financial Friday
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What’s driving practice acquisitions?
Jul 8, 2016 by Edward L. Blach, DVM, MS, MBA
The veterinary industry is experiencing some major consolidation or roll-ups as companies such as VCA and others continue to purchase veterinary practices. What is driving this activity? For years,... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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Commit to Monthly Action - Part 1 - Review the financials your practice can currently generate
Jul 1, 2016 by Andrew Clark
Although I would like to see more people use the “comment box” functionality below each daily blog, I receive a fair number of personal emails and texts... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Getting Started ,Financial Friday
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Every Veterinary Practice Stores the Inventory Equivalent of Cash
Jun 24, 2016 by Andrew Clark
Managing a practice should begin with the low hanging fruit, selecting opportunities that will yield the largest improvement in cash flow or profitability for the smallest effort or cost. ... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Optimize Inventory and Suppliers ,Financial Friday
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Elevate Your Practice’s Financial Management above the Crowd, Use a Budget
Jun 17, 2016 by Andrew Clark
Our Veterinary Colleges educate most graduates to go out into the world and become business owners and employees. The principles of business management vary little from industry to industry.... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Financial Friday
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If managed properly, one-doctor practices can be sold
Jun 10, 2016 by Andrew Clark
Last week's Financial Friday blog, "Manage Your Solo Practice So That It Can Be Sold" led to quite a few discussions with veterinarians with remarkably strong opinions and experiences... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Financial Friday
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Manage Your Solo Practice So That It Can Be Sold
Jun 3, 2016 by Andrew Clark
In a recent discussion, a veterinarian who would like to sell a solo practitioner equine predominant client list, asked for ideas on how to value the client list. A... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Financial Friday
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Leverage the relationship with your accountant
May 27, 2016 by Andrew Clark
FINANCIAL FRIDAY POP QUIZ: This is our first ‘Financial Friday’ Quiz. All the information necessary to answer this quiz question is contained in prior “Financial... [ Continue Reading ]
Topics: Featured 3 ,Build and Lead Your Team ,Finance ,Financial Friday
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Beware the unintended consequences of delayed billing purchases
May 20, 2016 by Andrew Clark
From time to time, veterinarians purchase drugs and supplies from vendors and receive delayed billing, sometimes delayed as long as two quarters. The vendor makes the offer largely to... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Optimize Inventory and Suppliers ,Financial Friday
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Harvest the Value of Well-Presented Financial Statements
May 13, 2016 by Andrew Clark
Well-presented financial reports have value in excess of decision support for your managerial decisions. Remember that financial reports tell the story of your practice. Our use... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Financial Friday
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