3 Teamwork Essentials to Meet Your Veterinary Practice Goals

team work in veterinary practice essentials

By: Casey Dubbs, Sherry Everhart, BS, RVT, and David McCormick, MS, CVA “Not finance. Not strategy. Not technology. It is teamwork that remains the ultimate competitive advantage, both because it is so powerful and so rare.” – Patrick Lencioni Most practice owners want to have a cohesive, efficient, motivated team. It’s essential to practice growth, […]

Tips to Help You Manage Veterinary Staffing

Simmons Staffing Tips and Tricks to Vet Staffing

Veterinary staffing costs are one of the most significant expenses in a veterinary practice. Controlling these costs remains one of the most challenging issues for most practice managers and owners. Even in actively managed practices, it still can be a struggle to get staffing to an optimum and replicable level. Looking into vet practice staff […]

Increase Practice Value with Veterinary Practice Valuations

Vet practice valuation

Increasing the value of your veterinary practice takes a lot of time and effort. If the sale of your practice at the end of your career is an important aspect of your retirement planning, consistent veterinary practice valuations can make a huge difference in what your eventual sales price. Knowing the elements that create value, […]

Are You Sure Your Veterinary Practice Is Making a Profit?

Over time practice appraisers and brokers will invariably become aware of a disturbing phenomenon in the veterinary medicine profession — a significant number of practices valued substantially lower than expected. Since practice value is closely tied to profit, these practices have meager profitability. But what is even more disturbing is that most of these practice […]

Mistakes Owners Make That Hurt Their Practice’s Value

two people reviewing financial documents

Practice owners focus so much on the daily challenges of patient care, client service, and staff management that they overlook factors affecting profitability and practice value. In this session, the authors discuss the most important factors that drive down value. Some may involve circumstances beyond your control, while others are manageable if properly addressed. We […]

Your First 6 Weeks of Veterinary Practice Ownership

Byron Farquer, DVM, CVABuying a practice is so exciting you can almost feel tangible energy in the air! There are also significant potential mistakes lurking in the shadows, and you can choose to blindly plod through the early days of ownership or tread carefully and wisely. The single most important piece of advice in veterinary […]

10 Steps to Increase Your Veterinary Practice Value

overhead shot of graphs on a paper

When evaluating your veterinary practice, you do not want to be surprised by what you find out. That is why it is necessary to have a current knowledge of its value as well as what you can do to increase it. Read on to learn the steps you can take to help your practice be […]

The Veterinary Practice Leaders Most Important New Year’s Resolution!

resolution spelled out in scrabble letters

Wilson W. McManus II, DVM CVPM-Simmons & Associates MidSouth –  Every year without exception, normally just after the first of the year, the pricing increase letters start rolling in from most of the major pharmaceutical companies, pet food manufacturers and other various suppliers of the veterinary items that we sell to clients to keep their […]

The “New Normal” of Exhaustion and Reaching Capacity

Doctor with clipboard

As the owner of two Simmons territories, the Northwest and Midwest, my team and I cover a total of 13 states. Nearly all of our clients are telling us they are the busiest they have ever been. Many are reaching capacity. They tell us they could see more clients and grow revenue if only they […]

The Unexpected Effect of PPP Loans on Practice Financials has Gone Viral

Computer with holographic overlay

The first quarter of 2020 proved to be similar in most regards to the preceding quarters of 2019 marked by economic growth, low unemployment, and strong financial markets. That changed suddenly with a disease caused by a coronavirus, termed Covid-19, following its origin and then international spread from Wuhan, China. The international community issued a […]