Money Matters Archives

At All Costs, Know Your COGS

Practice owners who set and monitor their goals are more profitable than those who don’t.

Sharp practice owners spend time negotiating spending requirements, incentives, prices and rebates.

As my writing assignment comes to an end, I thank you for your trust, collaboration and friendship.

Hiring a vendor to issue paychecks and compute withholdings, deductions and benefits can save you time, money and legal headaches.

Tax and managerial accountants serve different but equally critical roles in a veterinary practice.

Assessing the health of your business is much easier if you have (and understand) balance sheets and income and cash-flow statements.

Credit card transactions are speedy, but merchant fees can be costly, so consider shopping around.

For starters, offer employee benefits that team members value and purchase equipment they’ll use frequently.

Remember to mind the books, stand up for your team and live the values you espouse.

If you want complete control of a veterinary practice, own at least a majority share. Anything less is more affordable, but your influence wanes.

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