Archive for October 2024
Understanding EBITDA: The Key to Maximizing Your Veterinary Practice’s Value
As a veterinary practice owner considering selling your business, understanding EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is crucial. This financial metric plays a pivotal role in determining your practice’s value and attracting potential buyers. EBITDA represents your practice’s operational profitability, providing a clear picture of its financial health without the influence of financing…
Read MoreOptimizing Inventory Management: Key Strategies for Effective Inventory Control
If your cost of goods sold (COGS) is more than 20%, this article can help. As a veterinary practice owner, optimizing your inventory management is crucial for maximizing profits and ensuring quality patient care. With inventory costs at many practices accounting for 20% or more of gross revenue, saving money on COGS is money that…
Read MoreWhat is SEO? Why is It Important for Patient Growth? How to Use In-House Review Management to Improve It?
What is SEO and Why is It Important? In short, SEO is what makes your Google page rank higher. How to do that? This is where SEO comes in. Here’s how SEO (Search Engine Optimization) works – in simple terms. Imagine the internet as a vast library, with millions of books (websites) on every topic…
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