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
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.