Entries with the topic Management.
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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Your dashboard tells the story
Jun 15, 2016 by Edward L. Blach, DVM, MS, MBA
It's mid-month and it's time to examine the performance of your practice over the past month and beyond, if you haven't done so already. You invest... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Management ,Optimize Inventory and Suppliers ,Supplier Wednesday
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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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Suppliers should be partners
Jun 1, 2016 by Edward L. Blach, DVM, MS, MBA
Suppliers should be partners. Historically, suppliers were looked at in one of two ways. On the one hand, suppliers were looked at with skepticism and distrust, almost as... [ Continue Reading ]
Topics: Featured 3 ,Build and Lead Your Team ,Management ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Use transparency to improve customer care
May 26, 2016 by Edward L. Blach, DVM, MS, MBA
Transparency is a powerful tool in ensuring that your customers are served as you desire. Encouraging customer feedback and assessment of your entire service experience is one of the... [ Continue Reading ]
Topics: Featured 3 ,Management ,Provide Exemplary Care ,Service Thursday
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Inventory affects cash flow and profitability
May 25, 2016 by Edward L. Blach, DVM, MS, MBA
Inventory has a big impact on your practice. In most practices, inventory represents the second highest cost area of the practice, behind only labor. In general, inventory... [ Continue Reading ]
Topics: Featured 3 ,Management ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Use Trailing 12 charts to track production
May 24, 2016 by Edward L. Blach, DVM, MS, MBA
What gets measured gets done. What doesn't get measured doesn't get done. Both of these statements are true. Your veterinary team is the heart of... [ Continue Reading ]
Topics: Featured 3 ,Build and Lead Your Team ,Management ,Team Tuesday
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Practice management software is crucial to marketing your practice
May 16, 2016 by Edward L. Blach, DVM, MS, MBA
Not all practices use practice management software. And of those who do, many only use it as as invoicing and billing system. Practice management software is more than... [ Continue Reading ]
Topics: Featured 3 ,Management ,Sales and Marketing ,Marketing Monday
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Develop clear job descriptions
May 3, 2016 by Edward L. Blach, DVM, MS, MBA
When hiring, or to improve the effectiveness of your team, develop clearly defined job descriptions for every employee in your practice. It is difficult for anyone to be successful... [ Continue Reading ]
Topics: Featured 3 ,Build and Lead Your Team ,Management ,Team Tuesday
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