How is Bloodwork the same as your Financial Statements?
Introduction: Managing a healthy veterinary practice requires utilizing various tools and strategies to achieve optimal outcomes. One such tool is the financial statements of your hospital, which can be likened to bloodwork for your business. In this blog post, we will explore how you can leverage your financial statements in a similar way to bloodwork, […]
The Power of Relationships in Veterinary Medicine: Building a Path to Success
Introduction: Growing up surrounded by veterinary medicine and spending over two decades in the field, I’ve come to a profound realization: veterinarians who truly enjoy their careers, achieve their goals, and find happiness in their work build their success on relationships. Veterinary medicine is undeniably a relationship-based business, encompassing trust between veterinarians and their animal […]
Exit Planning: More than just selling your Hospital
When we hear the term “exit planning,” the immediate assumption is often that someone is preparing to sell their veterinary hospital. While selling the practice may be one option, it’s important to understand that exit planning encompasses much more. It is a proactive approach that allows veterinary hospital owners to strategize and prepare for the […]
Unleashing the Power of Team Building: Define and Cultivate your Team
When you acquire or open a new hospital, your initial focus is on growth. However, as a hospital owner, it’s essential to periodically evaluate your goals and determine whether you aim for continued expansion or an exit from ownership. Whichever path you choose, building the right team around yourself is crucial. Let’s explore the key […]
Building a Winning Team: The Key to Success and Goal Achievement
As a veterinary hospital owner, have you ever considered the importance of building a winning team for your veterinary hospital? If not, it’s time to reflect on why. Building a successful team is crucial for achieving championships and goals, not only within the four walls of your hospital but also beyond. In addition to your […]
Exit Planning Unveiled: Balancing on the Three Legs of Success
The Value Acceleration Model, utilized by a Certified Exit Planning Advisor (CEPA), highlights the three legs of succession: business, personal, and personal finance. Developing each leg in a balanced manner is essential to achieve stability after your exit, much like a three-legged stool that cannot stand if one leg is uneven or missing. Building the […]