Finance
Tuneup Time
Like tracking COGS as a percentage of revenue, you must understand the cost of employing everyone who is not a veterinarian.
Practice Ownership
Unfinished Business
If you are a practice owner who does not own your building, seriously look at purchasing the real estate.
Finance
Work on Your Clinic’s Retirement Plan
To attract, retain and reward employees, practice owners must offer competitive compensation as well as a properly designed retirement plan.
Finance
Manage Your Emotions
Understand why you make irrational choices with your investments and what you can do about it.
Finance
Sell Now or Later?
What likely will be the biggest financial decision of your life shouldn’t be made in haste. You can sell your practice quickly to a consolidator, hand off to an associate in 10 years or do something in between. Weigh your options and the pros and cons.
Finance
Did You Catch a Financial Virus?
If your portfolio is sickly, you better have a treatment plan. A simple 10-part test can help determine whether you should get a second opinion.