What the corporates get wrong
Successful, happy practice is more about commitment than compliance.
Consolidation, a normal occurrence in successful, fragmented, healthy, profitable industries, has come to our profession. I would argue that the positives outweigh the negatives. That said, most corporates don’t get one critical issue. The dominant consolidators in our profession come from the manufacturing sector, specifically the consumer packaged goods (CPG) industry. In CPG, efficient, repeatable, […]
The problem with tone policing
Focusing on the delivery of information rather than the content can impair efforts to have substantive discussions about diversity and inclusion.
Have you ever found yourself in an argument with someone and as the argument progresses you become more animated? Your voice might rise. You might talk a bit with your hands. It is clear you are passionate about your position and really want your companion to understand your point. At a critical point in the […]
Step on up — now
Politics and Policy
The profession and industry need to support our underfunded state veterinary medical boards before they are pushed aside by politicians.
This article might surprise readers, but it needs to be written and we don’t have much time to act. A quiet crisis that’s not obvious to practitioners and industry is building within the world of state regulation of veterinary medicine. I observe it only because my Animal Policy Group works with state veterinary medical boards […]
Don’t rush into a sale
Five to seven years out is the time to begin prepping your practice for a transition and thinking about what you will do in the next chapter of your life.
The decision to sell a veterinary practice is loaded with financial considerations, but don’t gloss over the need to clearly understand what you want to achieve. Are you tired? Frustrated? Burned out? At retirement age? Overloaded with management duties? Do you want to maximize the sale price or transfer the practice to an associate veterinarian […]
We can’t afford to wait
Virtual care and reinvention of the veterinary nurse will take our profession to the next level. The taxi and recording industries were asleep at the wheel at crucial moments in history. Look where it got them.
Consumers will get what they want, when they want it and where they want it at a value they deem appropriate, and with little regard for who provides it. For example, consumers desired a taxi service that was more convenient, tech-forward, clean and at a good value. Frustration with the taxi industry was rampant. Similarly, […]
Five building blocks of personal innovation will get you headed in the right direction. But if you’re still having trouble, start by stabilizing the base.
While the term “innovation” is one of the most overused words in the English language, in its purest form it is simply the introduction of something new. Business model innovation can have a stronger impact on profit margins than service or product innovations, it can disrupt established norms, and it can lead to vibrant cultures that […]
Opportunities and challenges
Politics and Policy
Pet owners are lining up for services — great! — but what if we can’t meet the demand? Either way, we need to root out bad vets and figure out where we stand on CBD.
There’s something special about a new decade. The view is longer — 10 years, of course — and generational change lies at the heart of many conversations. If you doubt this, think about the veterinary profession on Jan. 1, 2010, and today, and then list the companies, practices and people no longer with us or […]
Mentoring, sponsoring and diversity
Sponsorship opens additional doors for underrepresented veterinary professionals.
At a fall conference on women leaders in veterinary medicine, Dr. Samantha Morello from the University of Wisconsin’s School of Veterinary Medicine called for more sponsorship of women and minorities in veterinary medicine. I immediately tweeted out support —http://bit.ly/2Qx4SwO — which led to a short online discussion about the difference between mentoring and sponsoring and […]
Enjoy a successful investment experience
Following 10 principles will help propel your financial portfolio to the next level.
Are you confused about what to do with your investments given all the turmoil in today’s world? If so, you’re normal. Most busy veterinary professionals lack the interest, inclination, knowledge and experience to manage their investments. Those so inclined would be wise to get a second opinion. A financial adviser should be a fiduciary, meaning […]
Find your financial footing
Are you stressing over an enormous student loan balance? Peace of mind is achievable if you follow three steps.
What’s the most important issue facing the veterinary profession? It’s student debt, according to the Merck Veterinary Wellbeing Study. In the study of more than 3,500 veterinarians, over 91% ranked student debt as a “critically” or “moderately important” issue facing the industry. High levels of student debt cause serious psychological distress such as depression, anxiety […]