Finance

Why are so many equine practitioners having trouble selling their practices? Don't let it be you.

It's no secret that staff salaries are the biggest expense at most practices. At the same time, your team is your most valuable asset. How do you balance these two realities?

The story of a practice makeover that's been years in the making. It's inspirational and humorous because of the owner's positive outlook, along with his love and respect for his profession, his team, his patients, and his clients.

If you've been thinking about making a capital equipment purchase, consider doing it before the end of the year to receive the tax benefits next year.

Regular diagnostic testing for senior dogs and cats is plenty profitable, says Dr. Thomas Burns, owner of Veterinary Associates of Cape Cod in South Yarmouth, Mass.

With business loans becoming harder to obtain, many DVMs are turning to community banks.

Most veterinary medical graduates care more about the chance to diagnose and treat patients than the size of their paycheck. Still, salaries matter, especially when today's former students are saddled with an educational debt load of $100,000 or more.

Team retention, good medical recommendations, and consistency will help your practice to beef up income.

The world's weirdest ice-skating extravaganza? No. It's canine reproductive work, a profit center for Dr. Patrick Grogan at VCA Woodland East Animal Hospital in Tulsa, Okla.

Owners, make sure buyers purchase your practices at a good price.

View pictures of Dakota, a German shorthaired pointer who was our October cover dog, during her long-suffering modeling debut.

"We couldn't practice medicine properly without fluid pumps," says Dr. Robert Esplin, owner of Sylvania Veterinary Hospital in Sylvania, Ohio.

This preventive care program increases client bonding and extends pets' lives.

Compare your value-based fees with Well-Managed Practices'.

It's time to reconsider these myths and misconceptions about pricing.

Dr. Steve Bishop needed a strategy for reminding his clients when their pets were overdue for exams or treatments. It freed up receptionists, cost less, and could be done with flexible hours.

Renew those old relationships with a well-crafted letter to inactive clients.

Good will is one of those intangible business assets that usually has little or no impact on a veterinary practice's tax bill - until least expected.

A printable PDF of the answers you need before buying into or selling a part of a veterinary practice.

How to create an Excel spreadsheet that helps you figure the value of owning a clinic.

See how Well-Managed Practices turn their core values into financial success.

Brief message for the practice selling $1 cat toys: It costs well over $2 just to print out an invoice

Help owners pick pets and tackle behavior problems early with profitable pre-adoption and soon-after-adoption counseling.

These tips will help you duck common legal, financial, and communication oversights and keep you off the ropes during your transition to ownership.

In this weight loss competition, being a big loser is a good thing.

Got a burning question? You just might find the answer here.

No, it's not the fees you're charging. The words you're using are doing the damage.

It may seem like a hassle to devote time and space to your in-house pharmacy, but one expert wants to argue for it.

Just as the Memorial Day holiday was about to begin, as lawmakers prepared to flee Washington for vacation, agreement was reached to continue funding the war in Iraq. That funding bill also raised the minimum wage.

Let these lessons keep you out of a business nightmare of your own.