Strategically Planning How to Set Up Your Finances for a Banner Year
0.5 CE Credit Hour / Veterinarians & Veterinary Technicians
Overview:
Are you ready to make 2025 your most successful year yet? This engaging and actionable webinar is designed to help professionals like you set clear goals, evaluate growth opportunities, and optimize your practice for efficiency and success.
We’ll start by focusing on goal setting and production targets to ensure you’re aligned with your financial and professional objectives. Next, we’ll explore whether expansion is the right move for your practice, using a proven checklist to guide your decision-making process.
Discover how to make your practice more efficient by analyzing key metrics, updating systems, and making strategic financial adjustments. We’ll also cover collaboration with your professional team to review essential plans and insurance policies, keeping your business and personal finances on track.
Whether you're looking to grow, streamline, or solidify your operations, this webinar will provide practical strategies and tools to help you thrive in 2025 and beyond.
Learning Objectives:
Strategic Planning for 2025:
- Identify actionable steps to set and achieve production targets for the year.
- Calculate break-even points to ensure financial stability.
Evaluating Practice Expansion:
- Assess readiness for practice expansion using a detailed expansion checklist.
Enhancing Practice Efficiency:
- Maintain accurate financial statements, such as profit and loss (P&L) reports.
- Evaluate and implement an optimized Electronic Medical Record (EMR) system.
- Determine the right timing for service price adjustments.
- Track and analyze key practice metrics to improve operations and client outcomes.
Professional Team Collaboration:
- Review and update key professional and personal plans, including estate planning, tax strategies, and insurance policies.
- Develop strategies to align your financial plan with long-term personal and business goals.
Eric S. Miller, RFC
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.
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 course is RACE-approved for 0.5 continuing education credits hours in jurisdictions that accept RACE-approval.
This activity is sponsored by Econologics.
