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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.
In the veterinary space, selling a practice is a process that requires planning ahead. Ideally, your exit strategy should be ready before you open the practice as it may influence many business development decisions down the road. We will address types, components, and the importance of the business exit strategy.
Check out the full list of the most creative and successful veterinary marketing ideas you can implement without difficulties - online and offline. And the good news is that many of them are relatively inexpensive.
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?
