Hello
And Welcome to a VERY special 2012.
Firstly my clients tell me that 2011 was an absolute bumper year for them. Many turned around the losses of 2010 whilst others continued to go from strength to strength.
Commonly I hear clients telling me of growth rates in the high teens and low twenties as well as 20% and 25% NET returns from their Veterinary Business. Well done – very impressive.
In workshops and trainings I consistently see practices in the same suburb or very close to each other and one will tell me awesome stories of growth and profitability and others will say “The economy is bad” and “Clients do not want to spend as much as they used to.”
Who is right and who is wrong here….
The answer: no-one.
This difference comes about for 3 basic reasons;
- One person, one practice has decided to focus on their practice as a business and make it profitable – s/he takes action and makes things happen.
- This person, this practice generally also has a mentor, a guide, a coach – someone to hold them accountable to achieving their results. This person may be a wife, spouse, partner or can be someone like me – an independent business coach or 3rd party. Being accountable to someone else is a great way to ensure that ‘things happen’.
- And lastly – it’s a matter of belief systems and mind-set. The successful practices have a different belief system, they have a different mind-set to the less successful practices. They eat, sleep dream, live and breathe success. They know that they and their business deserve it and they have the strategies to make it happen.
And so that’s the 1st item on the agenda for today – Strategies For Success.
Let’s get stuck straight in.
- The Strategies For Success is a 12 month (one module per month), self-directed training program designed for Your Success. And it’s yours with my compliments. It will be delivered as a PDF once a month as a downloadable file appended to this blog.
This program has been developed as a compilation and condensation of the many Personal Development courses that I teach all through the world.
What I guarantee you I; that when you apply what we share in this program – your life and your Veterinary business will change profoundly. You will encounter success that you could once only have dreamed of.
Feel free to share this program with any friends or family who you feel may benefit from it.
The program as a whole is called Strategies For Success and 1st introductory module has the same name.
Other modules to come include;
- Relationships,
- Leadership,
- Controlling your future,
- Influence,
- Finance
- Balance and
- Body Language
Enjoy …
And now on to the other material that is here for you…
- In the first quarter of 2011, did you fill more than 62% of your available client appointments each week?
- If so, you have an above-average practice, according to Phase 2 of the Bayer Veterinary Care Usage Study.
That statistic and others were presented by representatives from Bayer Animal Health, the National Commission on Veterinary Economic Issues (NCVEI) and Brakke Consulting, the organizations that conducted the study.
The study, presented at the AVMA convention in St. Louis, was the second part of the Bayer Veterinary Care Usage Study.Sure Fire Ways To Increase Patient Visits. This Bayer study highlights areas for improving patient visits. Click here to read the rest of the article…
1. Revenue Growth does not equal profit growth
Each month most of us analyse our profit and loss statement to measure how our business is performing.
What is the first number you look at? My guess is you said sales growth.
When we discuss business with colleagues, we are always eager to hear how our practice is performing in sales growth compared to the marketplace.
Are you up, down, or flat? Should the answer, or question for that matter, be more about whether we are up, down, or flat in overall profitability and cash flow?
Many owners and practice managers have been trained to look at 'the numbers’ with too narrow of a focus on sales growth. Click here to read the rest of the article…
And lastly – for all my American friends – here is an attachment from a CPA & Tax strategist on ‘How to Grow And Protect Your Wealth’. Let me say that as I am not from the USA, I can’t endorse this material – however I found it VERY interesting indeed and as such I’ve included it so that you can ‘vet’ it for yourself. Click here to read the rest of the article…
Well – that’s it for this month.
Enjoy everything and above all ENJOY and APPLY everything that you find valuable.
REMEMBER the old saying “To know and not to do is not to know”.
Diederik Gelderman
Well – I’ve made a full recovery and doing fine – thanks again to everyone sending me best wishes and wanting to know how I am.
NOTE:
These articles are intended to provide the reader with general guidance in practice succession as well as other financial matters.
The materials do not constitute, and should not be treated as, appraisal, tax, or legal guidance or technique for use in any particular succession situation. Although every effort has been made to assure the accuracy of these materials, the writer does not assume any responsibility for any individual’s reliance on the information presented. Each reader should independently verify all statements made in the material before applying them to a particular fact situation and should independently determine whether the succession technique is appropriate before