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Money Matters

Finance

How to Account for Your COGS

A chart of accounts is a framework for financial statements, similar to how the skeletal system is a framework for the body.

Practice Ownership

Ownership Is a Great Idea

As a practice owner, you choose the equipment to buy, the hours the clinic is open, the philosophy or style of practice, the mission and the core values.

Practice Ownership

Know When to Walk Away

Reputable consolidators want you to feel good about the offer. They will not balk when you need to confer.

Finance

How Much Profit Is Enough?

How you spend excess money is your decision, not your adviser’s, but make sure you set goals and have a path to attain them.

Finance

The Whole Picture

A cash stockpile can leave you with a false sense of security if you fail to scrutinize all the systems that keep your practice humming.

Finance

Who Ya Gonna Call?

Selling a practice isn’t a do-it-yourself endeavor.

Finance

How Uncertainty Affects Valuations

Buyers of veterinary hospitals prize the stability of earnings over time and the seller’s ability to successfully deliver goodwill.

Practice Management

Aspire to Hire

Adding another veterinarian to a busy practice frees up time for you and other doctors to get more done on and away from the job.

Finance

The Value of Waiting

Should you sell your veterinary practice while prices are high, or does a better option exist?

Finance

Should you buy a no-lo practice?

Don’t automatically rule out a profit-challenged hospital. The problems, from a less-involved owner to poor inventory controls, might be easily correctable.
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