Finance

How well do you know practice finances?

If your resources are skimpy, here's how to use them wisely, says architect Dan Chapel.

The gloomy economic skies are clearing, according to a recent survey.

How much a client will pay for a given service follows a time-tested formula.

Washington - A federal rule requiring businesses, including veterinary practices, to have a written program to spot identification theft takes effect this month.

Pet insurance companies can deny renewal

Nashville, Tenn. - Owners of the recently opened Belmont Animal Hospital like to say that the "recycled" their building.

Make a good time out of teaching employees about the bottom line with these four team-building contests.

Pet insurance helps pets get the care they need

Develop a crystal-clear picture of how pet insurance works.

Remodel your parasite prevention program to help pets and people.

Score a mani-pedi on the practice's dime.

This Bakersfield, Calif. practice used Frank Lloyd Wright's architectural style as inspiration, utilizing warm exterior accent colors to win a 2009 Merit Award.

The downturn is still with us, but a solid grasp of how recent changes affect you will help your practice persevere-along with a great reminder system.

Follow these suggestions to save time-and maybe even money.

If you're not charging the right fees, you could feel the pinch when you want to invest in new medical technology or give your doctors and staff members a raise.

The valuation of a veterinary practice reveals a telling story about the practice and its owners and staff.

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.