• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
61 Minutes AAEP 2010
 

61 Minutes AAEP 2010

on

  • 1,185 views

61 Minutes is a summary of the year in review in business, technology and veterinary lifestyles. It was presented at the 2010 AAEP Annual Convention.

61 Minutes is a summary of the year in review in business, technology and veterinary lifestyles. It was presented at the 2010 AAEP Annual Convention.

Statistics

Views

Total Views
1,185
Views on SlideShare
1,179
Embed Views
6

Actions

Likes
0
Downloads
8
Comments
0

6 Embeds 6

http://www.informatik.uni-leipzig.de 1
http://aprendersociales.blogspot.com 1
http://www.cafod.org.uk 1
http://easymbaguide.blogspot.com 1
http://saghul.net 1
http://www.slashdocs.com 1

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • Find henry schein and butler logos
  • AAEP BusiessedprofitablityAAEp GPO
  • “Red Flag” Rule – regulation issued by the Federal Trade Commission (FTC) in 2003 to strengthen protection against identity theft. Any veterinary practice that receives payment after services are provided is considered a “creditor” under the law and subject the the regs which are likely to come into play in the near future. Incentive to move to Cash at Time of Service!!

61 Minutes AAEP 2010 61 Minutes AAEP 2010 Presentation Transcript

  • The Year in Reviewin 61 MINUTES
    Kathy Anderson Robert Magnus Mike Pownall
  • The Economy in Recovery?
  • TechnologyAsset?Liability?Or Both?
  • New Grads JobsDebtGender
  • Challenging Times
    2008
    2009
    2010
    …The Future
  • The Economy
  • 2010
    Snapshot
    40 trillion in debt between secured and unsecured obligations
    13.8 % of all mortgages are in default
    Unemployment at 9.8% in US ….increase 0.2%
    7.6% unemployment in Canada
    Large corporations have record profit levels due to cost cutting
  • 2010
    Financial Industries “Banking”
    149 Bank Closure
    Number of “problem” institutions - highest in 17 years, 829 (FDIC quarterly report)
    Growing bank failures – sapped billions FDIC deposit insurance fund
    Capital Improvement Loans
    SBA Loans
    All time High….Gov’t backed loans
    Credit Lines
  • FDIC Barking Quarterly Report
  • NCVEI 2010
    Vet Practice Sales - 2010 vs. 2009
    > 50 % are flat or up
    50% are down
    Fee Increases for 2010
    No change = 18.1%
    Lowered = 1.4%
    Raised = 80.5%
  • Equine Industry Trends
    Increase A/R
    Customers
    Vendors / Suppliers
    Labor Reductions
    Support Staff
    Veterinarians
    Price slashing
    Decrease Hospital Volume / Revenue
    Decrease in discretional spending
    Future growth
    Improve Operational Efficiencies
  • Where are we going?
  • 2011 Predictions
    More of the same
    Flat growth rates is the new “up”
    Housing not expected to improve
    Unemployment not expected to improve
    Consumer spending will be flat because of high unemployment
    Commercial Real Estate Defaults to Increase
  • Economic Driversto Watch
    Financial Institutions
    Housing / Mortgage Market
    Real Estate Market
    Labor Market
    Debt Financing
    Global Perspectives
    ..this affects us, the equine practitioner
  • Adjust Inflation
    Stimulate Growth
    Monetary Policy
    Money Supply Interest Rates
    Money Supply Interest Rates
    Stimulus Packages World Wide
  • Mergers & Acquisitions
    • Service/Support
    • R&D
    • Sponsorship
    • Product Offerings
    • Innovation
  • Global Competitiveness Report 
    Assesses the ability of countries to provide high levels of prosperity
  • 2008-2009 rankings
    2009-2010 rankings
  • Ease of Doing Business Indexcreated by the World Bank
    Higher rankings indicate better, usually simpler regulations for businesses and stronger protections of property rights
  • 2010 - 2009 Business Index Ranking
    1. Singapore 
    2. New Zealand 
    3. Hong Kong 
    4. United States 
    6. United Kingdom 
    5. Denmark 
    7. Ireland 
    8. Canada 
    9. Australia 
    10. Norway
  • U.S. Public Debt
    1980Debt33% of GDP$909 billion
    1990Debt55.9% of GDP$ 3.2 trillion
    2001Debt55.9% of GDP$ 5.7 trillion
    2009Debt90% of GDP$14.3 trillion
    2010 Debt forecast 100% of GDP
    The bigger picture…
  • NEWS FLASH
  • Equine Vets Under Attack
    Internet & OTC Sales
  • Recession Affecting Animals
  • 61 Minutes TVOn The StreetStudent Debt – Fact or Fiction
  • Student Debt-the Reality
    106%
    56%
    Debt
    Starting salaries
    North America
    AVMA
  • USA Student Debt - the Reality
    • Average debt-2010 graduate-US veterinary college
    • $131,00 for males
    • $134,00 for females
    • Ave debt for Canadian Students = $52,000
  • Comparisons - Professionals
    BLS 5/08
  • New Grad Employment
    2396 new graduates
    60% private practice
    36% internship
    4% industry/public sector
    AVMA 2010
  • USA Veterinarian Starting Salaries 2010 vs(2008)
    $48,778 male
    $34,250 female
  • Equine Vet Practice
    AAEP Job Bank – Dec 3, 2010
    598 Resumes
    25 Jobs
    24 resumes for each job
  • 61 Minutes TVOn The StreetSocial Media – Fact or Fiction?
  • Social Networking
    More grandparents on Facebook than high schoolers
    Facebook, You Tube & Twitter are largest networks
    YouTube uploads 35 hours of video each MINUTE!
    Twitter has > 110 million users.
    7% are in the US
    More NA markets using SN(58%) vs Europeans (34%)
  • Human Medicine
    15% of US hospitals using social media
    Australian & New Zealand Medical Associations have created social media policies
  • Social Networking - Facebook
    >500 million users worldwide
    125 million in US
    85% growth in one year
    “Koobface” virus still a slight risk
    Mobile users are twice as active. (<1/3)
    25% of all web page views in the US
    #3 site used by US users older than 65.
  • Cloud Computing
    Data stored on server farms
    Safe
    Information accessible via the web only
    Amazon & Google
    Microsoft Office 2010
    Image Archiving
  • CUSTOMERS
    AMAZON
    Server
    Cloud Computing
  • Collaboration
    FourSquare
    Yelp
    Go To Webinar
    Google Docs 
  • www.foursquare.comwww.gowalla.com
    Location based
    “Check ins”
    Win rewards
  • www.yelp.com
  • Everyone is Talking About You!
  • Facebook – Off Limits!
    New York TImes
    National Labor Relations Act
    • Employees have right to discuss employers on Facebook or other social media.
  • Live Web
    GoToWebinar
    www.ustream.tv
    real time YouTube
  • Mobile Computing
    Droid/iPhone/Blackberry
    Recent release of Windows 7 could challenge the marketplace
    More people will access the web by mobile devises than laptops/desktops by 2013.
    >200,000 iPhone Apps
    13 billion business in 2013 www.techcrunch.com
  • iPad
    >350,000 sold in first week
    14 million this year alone
    Practice Software
    Client Education
  • Groupon.comWoot.com
    Daily deals
    Huge increase in sales
    Can overpower a small company
  • 61 Minutes TVOn The StreetSmart Phones – Who Needs Them?
  • NEWS FLASH
  • NJ Racing
    Funds from Atlantic City funding racing
    Governor wants to end subsidies
    Race both TBs and STB at Monmouth
  • 2010 Horse Numbers
    US TB live foals
    • Down 14.2% in 2010
    Canada STB stallions standing
    43% decrease since 2007
    Canada STB Mares bred
    29% decrease since 2007
  • Sales In North America
    Keeneland Sales
    2008 ave $90,984, med $37,000
    2009 ave $60,734, med $22,000
    2010 ave $64, 811, med $25,000
    Ave 6.7%, med 13.6%
  • Red Flag Rule
    “Red Flag” Rule – regulation issued by the Federal Trade Commission (FTC) in 2003 to strengthen protection against identity theft.
    Any veterinary practice that receives payment after services are provided is considered a “creditor” under the law and subject to the regs which are likely to come into play in the near future.
    Incentive to move to Cash at Time of Service!!
  • Unused Pharmaceuticals
    Efforts to survey medical facilities regarding pharmaceutical disposal practices was cancelled in Dec 2009
    AVMA urging profession be exempted from the proposed survey
    www.avma.org/drugdisposal
  • I’m Right,You’re Wrong!!!!!
  • I’m Right,You’re Wrong!!!!!
  • Business Resources
    Books of 2010
    Drive - Daniel Pink
    Flip The Funnel - Jeff Jaffe
    Switch - Chip & Dan Heath
    Linchpin - Seth Godin
    The Referral Engine – John Jantsch
  • Business Resources
    BLOG
    www.equinevetbusiness.com
    AAEP Business Education Facebook Page
  • Equine Veterinary Business Education
    Amsterdam - August 2010
  • Resources
    • Government Web Sites
    • Bea.gov
    • Bls.gov
    • Networking
    • Other industries
    • Community Business Leaders & Friends
    • AAEP.org
    • Veterinary Study Groups (VMG Groups)
    • Consultants VetPartners.org
    • NCVEI.org
  • Thank You
    www.mpownall.slideshare.net
    www.equinevetbusiness.com