Finance
Pet owners moan about fees; experts say it signals need for communication
April 1st 2002Las Vegas-A syndicated pet columnist says more and more pet owners are complaining about veterinary fees, whereas veterinarians and management experts dismiss the argument but say it signals the importance of improved communications in practice.
Get the best possible return on your project
March 1st 2002“Practice owners want to put their best foot forward, which makes the hospital foyer, reception area, and waiting area the most popular for remodel projects,” says Dan Chapel, AIA, NCARB, owner of Chapel and Associates Architecture in Little Rock, Ark., and a Veterinary Economics Editorial Advisory Board member. “Luckily, those areas are the easiest projects to tackle.”
Consider your contract before you start a practice
January 1st 2002Q. I've worked as an associate at an equine clinic for several years. Now I'm ready to start my own mobile practice, but I signed a noncompete agreement with the clinic I currently work for. Can I still practice in this area, or do I need to move to another location? What other legal issues do I need to consider?
"No one can find my practice!"
October 1st 2001Q. I've owned a small animal practice in a suburb for nearly a year, and business is fair. There's one big problem, though: No one can find my practice. It's not on a main thoroughfare or a corner lot, so we don't attract many new clients--if any--from drive-by traffic. Even my established clients complain the hospital's too far off the beaten path. Are we sunk in this location? Is there anything we can do to try and make it work?
Ensure a great relationship with your architect
July 1st 2001Q. I'm considering building my own clinic. What should I ask when hiring an architect? A. Hiring the right architect is one of the most important decisions you'll make during the building process, say Sal Longo Jr. and Michael Crosby, co-owners of Crosby Longo Architecture studio in New Orleans, La., and designers of the 2000 Hospital of the Year.
Getting attention in a strict strip mall
April 1st 2001Q. I lease space in a strip mall that imposes strict regulations on signage. For instance, my sign must sit flush against the building and not stick up above the roof, I have to use muted colors, and it must say "Veterinary Hospital" instead of my clinic name. Without a distinct building and sign, how can I make my presence known?
Finding your first job: Realizing your dreams
February 1st 2001It is time to go to work. You have been in school for nearly eight years and within a few months you will receive your veterinary degree and become a licensed veterinarian. Naturally you are eager to find a job. After all, you have devoted most of your time and effort toward reaching this goal.
How far can I move without losing my clients?
December 1st 2000Q. After 23 years in the same location, my veterinary practice is landlocked. Parking space is almost nonexistent, and traffic is so heavy clients sometimes struggle to even enter the lot. My wife suggested we move into an area where housing is booming. But our practice is still growing where we are, and I don't want to move too far from this location. In a city with 80,000 people and nine other clinics, how far can I move without losing my client base?
Should I use funds from my IRA to cover a land down payment?
August 1st 2000Q. I lease space for my hospital but want to purchase some land and build a facility when my lease expires in three years. My Individual Retirement Account (IRA) contains enough money to cover the down payment on the land. Is this a wise use of my IRA funds?
Should I lease land but own the freestanding building?
June 1st 2000Q. I want to move my veterinary practice from a strip-mall leasehold to an adjacent property that the mall owner recently bought to expand the shopping center. I can either rent a larger leasehold in the new shopping center or lease part of the land. Is it wise for me to lease the land while owning the freestanding building on it?