Grow Your Practice: 10 Steps You Can Start Today
Dr. Michele Drake, Founder of The Drake Center and GeniusVets Co-founder
and
David Hall, GeniusVets Co-founder
Are you a veterinary practice owner looking to overcome common challenges and elevate your practice to new heights? Dr. Michele Drake and David Hall will discuss the critical issues practice owners face, such as creating a positive practice culture, hiring and retaining top-notch staff, and understanding how a strong culture can attract both the clients and staff you desire.
Managing by the Numbers
John A. Chalk, Jr.,JD, CPA, CFP®, Trinity Portfolio Advisors
Explore financial management through managing by the numbers when it comes to profitability, labor, assets, liabilities, and capital. This presentation will be accompanied by an in-depth case study, providing practical insights and real-world applications.
UNLEASH Your Potential: What to Know about Selling a Veterinary Practice; Corporate v. Private Sales
Peter H. Tanella, Chair of the National Veterinary Law Group at Mandelbaum Barrett
Selling a veterinary practice can be an intimidating and complicated venture for those unfamiliar with the transactional process. As an entrepreneurial veterinarian that spent years establishing and growing a practice, you should know what to expect when it comes time to sell the business you have worked so hard to build. Without the proper guidance, veterinarians seeking to sell a veterinary practice can enter into transactions without a clear understanding of the ramifications of the contracts they are signing. The aim of this workshop is to equip participants to navigate the six main phases of a veterinary practice transaction, each of which is critical. Phase one includes preparing your practice to go to market. Phase two includes the negotiation of a non-disclosure agreement and a letter of intent. Phase three includes understanding the terms and conditions of the offer. Phase four is often the due diligence process. After these steps are completed, the parties will move to phase five - negotiation of agreements and terms that will vary depending on the transaction. Finally, a closing is considered the sixth and final phase of the deal, and it is the date on which the sale is consummated in accordance with the executed contracts.
Culture, Process, and Profits: Lessons From Building One of the Most Successful Independent Veterinary Practices In The Country
Dr. Michele Drake
Dr. Michele Drake founded The Drake Center for Veterinary Care in 1992 and built it into a practice known for its exemplary culture, outstanding medical care, and enviable profit margins. In this talk Dr. Drake will share her approaches to cultivating a healthy culture while managing processes and communications to consistently achieve outstanding profit margins within a practice where people love to work.
An Emerging Market Opportunity and The Keys To Ensuring Your Practice Benefits for Years to Come
David Hall
It's no secret that practice acquisitions over the past few years have dramatically changed the landscape for veterinary practice ownership in the US, but several unforeseen changes are turning the tide and causing experts to flip the direction of their predictions. Veterinary Practice Ownership is about to experience a resurgence and the next 2-3 years could bring the best opportunity in our lifetimes for independent veterinary practices to become stronger than ever before. We will discuss the factors, the opportunity, and what you can start doing now to set your practice up for success!
Panel Discussion - The Most Important Opportunities, Trends, and Threats for Practice Ownership
Emcee: David Hall
Panelists
- Dr. Michele Drake
- Dr. Jennifer Kartley
- John A. Chalk
- Peter H. Tanella
Engaging and informative panel discussion that delves into the dynamic landscape of veterinary practice ownership. Led by the esteemed David Hall, a visionary in the veterinary industry, this thought-provoking session brings together a group of veterinary professionals who are leaders and experts in their fields to explore the most significant opportunities and potential threats facing practice owners today. Whether you're a seasoned veterinarian, an aspiring practice owner, or a stakeholder in the veterinary field, this discussion promises to provide valuable insights to shape your strategies and decisions in the ever-evolving veterinary landscape.