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Is an ultrasound machine a 'sound' investment for your practice?
February 1st 2001You'd probably like to own an ultrasound machine, but before spending your hard-earned money, take time to determine whether you really need and will use one. "Ultrasound is to soft tissues what radiographs are to the bone, and we certainly see more soft tissue injuries than we do bone injuries," says Dr. Tracy Turner, Professor of Large Animal Surgery at the University of Minnesota in St. Paul, Minn. "You can't live without an ultrasound machine if you do lots of reproduction and lameness work. And it's also useful for visualizing the heart, lungs, pleural cavity, intestines, and other internal organs."
Don't forget the smaller farms
February 1st 2001"It doesn't make any difference. I'll soon be out of business anyway."?This statement came in response to a suggestion I made to a client while still in practice. I was surprised. The person speaking was a friend as well as a client, and I knew he ran a profitable operation. He was usually upbeat and optimistic, but this morning there was irritation in his voice.
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?