How to Maximize the Value of Your Practice & Gain Personal Financial Control
0.5 CE Credit Hour / Veterinarians & Veterinary Technicians
Overview:
Veterinary Practice Owners take enormous risks and work hard to attain success. Yet, all of the work and sacrifice can amount to nothing if an expansion strategy is not part of the business plan. This presentation exposes the unique challenges and risks a veterinary owner faces and how to be proactive in handling these risks before wealth is lost. In addition, owners will learn the critical elements of building a valuable business and knowing when to expand. During this training, veterinary owners will understand what actions they should take now to build the practice as an investment asset that is worth a significant amount money for the future. This financial training is delivered in an easy-to-understand method, stripping away the difficulties of complicated and illogical solutions giving attendees an arsenal to prevent losses and begin organizing their practice systems to achieve financial success.
Learning Objectives:
- Discover the roles they play as a practitioner, an executive and an owner and what responsibilities they must be trained on to handle each role.
- Learn the importance of creating an owner-independent practice and a realistic timeframe to achieve this.
- Recognize the true risks and challenges facing veterinary Owners and an understanding of how to control them.
- Learn the business categories that create expansion in the practice and how to apply the essentials for building market value.
- Learn how the household is actually connected to the practice and how to manage these two entities for maximum success
Eric S. Miller, RFC
Chief Financial Advisor & Co-Owner
Eric has served over 20 years in the financial industry and co-owns a national financial planning company dedicated to serving the needs of healthcare owners. He has personally had over 20,000 conversations with practice owners at every phase of ownership. He has published countless articles, videos and podcasts on various financial topics and is an expert on matters concerning creating economic independence for a practice owner’s business and household. He has recently published a book “How To Become a Financial Beast” which quickly became a bestseller on Amazon.
Moderator: Cody Goldstein
Cody Goldstein has firsthand working knowledge of the challenges healthcare practice ownership can bring. With more than 14 years’ experience in business administration and having spent two of those years successfully running a 7-figure clinic in Maryland. He moved back to Florida and joined Econologics Financial Advisors shortly after the pandemic and since has had hundreds of conversations with practice owners at every phase of ownership. Cody’s well-rounded knowledge equips him to provide productive introductory consultations with prospective clients to help them navigate the relationship between practice and personal finances through the indoctrination of proper financial planning and education.
This program has been approved for 0.5 hour of continuing education credit in jurisdictions that recognize RACE approval.
This activity is sponsored by Econologics Financial Advisors.
