“I am very excited about completing this course! I see so many opportunities to implement into our clinic. Instead of everyone doing everything, we can hat specific people with specific duties to lead to our specific product. And the staff will now know what our valuable final product is! I see this course as giving me the tools to install organization into our clinic rather than just coping day to day!”
Diane Grede, DVM
Animal Hospital of Oshkosh; Oshkosh, WA
Basic Organization Course
Tuesday, September 7, 2010
I can't wait to apply these tools!
“I enjoyed the Basic Hat for employee’s course! I feel I now have the tools to recognize and resolve problems in my place of business by applying the correct formulas! This was a great course, very informative and interesting. I can’t wait to apply these tools!”
Jennifer Petley, OM
Columbia Summit Veterinary Hospital; Kamloops, BC
Basic Hat For Employees Course
Jennifer Petley, OM
Columbia Summit Veterinary Hospital; Kamloops, BC
Basic Hat For Employees Course
Monday, August 30, 2010
Practice Tip 14 – Your Practice Investment
Why, when the stock markets crash,
your practice is still your best investment…
Many of us never considered our practice an investment and wondered at why the year-end books showed a “profit” but little or no free cash in the bank. The reason is you used all your hard earned profit (cash) to either pay off the purchase of a practice or the initial start-up loans. You may not have considered these payments as an investment but more as a cost of doing business. Well look again – you may just be surprised.
Fact: A well-run practice generates a profit of 25% - 35% of it’s gross revenue.
It is this “left over money”, above and beyond the cost of running your practice, you use to pay off loans and build equity in your practice. This 25% – 35% / year is a phenomenal investment under any circumstance. And importantly, it is a brick and mortar operation. It supplies a very needed and wanted service to your community which is showing no signs of weakening. More people have pets than ever before and are spending on them more than ever before. So what a great market to be in.
It’s not that you can’t make money in the stock markets, because people can and do. They are however very sensitive to larger economic games and out of your immediate control.
Your practice on the other hand can and should be under your control. So next time you look at your investment portfolio include your practice! You may be pleasantly surprised and at what it is actually worth.
Need help calculating your profit or increasing your profit?
Gather your year-end Income statements…
Grab your calculator.
Give me a call.
888 675 9765
your practice is still your best investment…
Many of us never considered our practice an investment and wondered at why the year-end books showed a “profit” but little or no free cash in the bank. The reason is you used all your hard earned profit (cash) to either pay off the purchase of a practice or the initial start-up loans. You may not have considered these payments as an investment but more as a cost of doing business. Well look again – you may just be surprised.
Fact: A well-run practice generates a profit of 25% - 35% of it’s gross revenue.
It is this “left over money”, above and beyond the cost of running your practice, you use to pay off loans and build equity in your practice. This 25% – 35% / year is a phenomenal investment under any circumstance. And importantly, it is a brick and mortar operation. It supplies a very needed and wanted service to your community which is showing no signs of weakening. More people have pets than ever before and are spending on them more than ever before. So what a great market to be in.
It’s not that you can’t make money in the stock markets, because people can and do. They are however very sensitive to larger economic games and out of your immediate control.
Your practice on the other hand can and should be under your control. So next time you look at your investment portfolio include your practice! You may be pleasantly surprised and at what it is actually worth.
Need help calculating your profit or increasing your profit?
Gather your year-end Income statements…
Grab your calculator.
Give me a call.
888 675 9765
Friday, August 27, 2010
Has a multitude of useful information...
“Basic Organization has a multitude of useful information and tools that once implemented into my practice will result in expansion. The coolest aspect of this is that ultimately this will result from simplifying many things, taking away unnecessary complexity that is not efficient and ending up with a better organized company.”
Mike Doe, DVM
Good Samaritan Veterinary Hospital; San Leandro, CA
Basic Organization Course
Mike Doe, DVM
Good Samaritan Veterinary Hospital; San Leandro, CA
Basic Organization Course
I can become an effective leader in my life & business...
“This course really identified where I have been falling down in the leadership of our practice. I know now what I need to correct and how to do it so I can become an effective leader in my life & business. It also illustrates that I need to be at cause & no longer at effect. Excellent course!”
Rob Stables, DVM
Bow Valley Veterinary Clinic; Brooks, AB
Effective Leadership Course
Rob Stables, DVM
Bow Valley Veterinary Clinic; Brooks, AB
Effective Leadership Course
This was a great exercise...
“This was a great exercise. At times scary and depressing, such as when I found out how much I had to bring in each week just to pay my regular expenses. At other times very exciting, like when I figured out how I could pay down my mortgage in half the time remaining on it. The importance of creating income taking precedence to managing expenses, and treating savings accounts as expenses that come off the top, were my biggest lessons.”
Hermen Geertsema, DVM
Geertsema Equine Services Inc.; Aldergrove, BC
Financial Planning Course
Hermen Geertsema, DVM
Geertsema Equine Services Inc.; Aldergrove, BC
Financial Planning Course
This course helped me to refine these skills...
“This course helped to bring to conscience level many skills which I’ve used roughly in the past. This course has helped me to refine these skills and learn and start to master new communication skills that will help with clients, employees and at home.”
Kirk Reese, DVM
Whitehouse Veterinary Hospital; Whitehouse, TX
Improving Business Through Communication Course
Kirk Reese, DVM
Whitehouse Veterinary Hospital; Whitehouse, TX
Improving Business Through Communication Course
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