Many veterinarians are experiencing burnout and fatigue that can lead to an adverse health effect on the veterinarian. The longer a vet experiences this state, the higher are chances of them providing a lower standard of care and ultimately leaving the profession, if not worse.
Using a veterinary balanced scorecard system provides an overview of the organization beyond the business’s financial aspects. Let’s explore the fundamentals of a balanced scorecard and why it is vital to your consolidation operation.
You and your team may need to go through and overcome what is known as the five "dysfunctions." We want to look at the ownership change process through the lens of the book Five Dysfunctions of the Team, written by Patrick Lencioni, and prepare you for what you may face during and right after the acquisition from the team perspective.
Numerous practice owners & managers underestimate or simply are unaware of what the practice valuation process entails and where it begins. It's OK, they were probably never trained to do that.
But how they should approach a sale and make sure they know the game rules?
