Finance

Congratulations! You are part of a very vibrant, healthy and fast growing industry.

Making your practice more profitable isn't about luck.

Even in high-performing veterinary practices, hundreds of thousands of dollars "walk out the door" each year in terms of services and products that never got recommended or delivered, or if they where provided, were never charged for.

Personal financial planning is the process of organizing your financial goals into a workable plan so that you can live with financial security in the style you desire.

Owners are devastated when they learn their practices are worth only a fraction of what they anticipated as they approach reitrement and contemplate a sale. But if you can understand why this occurs and identify if your practice is at risk, you can begin the process of recapturing this lost value for your practice.

Should you offer discounts?

In some cases the competition is fierce, but so too is collegiality.

Our immediate future is about 80 watts short of bright.

Many practice owners reject discounts, but offering clients little freebies can sometimes benefit your practice.

Don't panic: You don't necessarily have to delay retirement due to a struggling economy.

Julie Legred, CVT, talks about the overwhelming need for veterinary technicians.

A walk-in vaccination clinic on even-numbered wednesdays helps this practice battle a bad economy and serve patients.

Here's what a few experts think.

Feeling pelted by the recession? From your fellow owners, associates, and practice managers, here are 17 ideas for making the best of the downturn.

You can't run a practice without money. But it's not what you're all about, either.

Government is subsidizing premiums, but employers pay up front

Obama's recent stimulus bill and budget proposal contain both good news and bad news for individuals, businesses.

Practice management consultant Shelia Grosdidier, RVT, explains the relationship between overhead costs and employee salaries.

The sluggish economy and increasing work flexibility are keeping more physicians in practice.

Consulting firm tracks veterinary revenues throughout state. Specialty and referral practices in California see revenue drop.

Does Uncle Sam owe you a rebate? Read this to find out.

Architect Dan Chapel reveals what veterinarians regret the most about the first hospitals they build.

ClinQuiz: Fast tick facts, answer 2C

Intervet/Schering-Plough Animal Health (ISPAH) is partnering with equine practitioners and UC Davis to improve the strategies veterinarians use to attack equine respiratory issues-identifying diseases before they spread in order to target specific pathogens with tailor-made vaccines and better biosecurity programs.

If your practice is struggling financially, take a look at this real-world example for inspiration.

Veterinary practices should have enough coverage to replace all pets in the hospital.

Consider your financial situation when deciding between building a new facility and renovating an existing one.

Deborah Reeder, RVT, executive director and former president of the American Association of Equine Veterinary Technicians (AAEVT), says establishing-or in some cases, maintaining-an effective inventory protocol is crucial to success.

Most news about the economy is negative, but gloomy skies aren't necessarily ahead.

Solve inventory problems with this nine-step guide.