The Year in Reviewin 61 MINUTES<br />Andy Clark<br />JoopLoomans<br />Mike Pownall<br />
The Economy in Decline?How Does it Affect theEquine Industry<br />
Technology & Social MediaAsset?Liability?Or Both?<br />
New Grads JobsDebtToo Little and Too Much<br />
Challenging Times<br />2008<br />2009<br />2010<br />2011<br />…The Future<br />
The Economy<br />
U.S. Public Debt<br /><ul><li>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</li></ul>2010 Debt =100% of GDP<br />
USA<br />Politics & The Economy <br />
Equine Vets Under Attack<br />Internet & OTC Sales<br />
NCVEI 2010<br />Vet Practice Sales - 2010 vs. 2009<br />> 50 % are flat or up<br />50% are down<br />Fee Increases  for 20...
Equine Industry Trends<br />Increase A/R <br />Customers<br />Vendors / Suppliers<br />Labor Reductions<br />Support Staff...
Quarters compared to same Quarter last year. <br />Dutch Practices n= 90<br />
Index Equine Revenue, 2008 = 100. <br />Dutch Practices n= 90<br />
Pfizer Business Consultant, James White, said: <br />"Practices are right to remain cautiously optimistic about 2011 if we...
Wider competition & deregulation<br />The level of competition within the veterinary market continues to increase- RCVS<br...
Recession Affecting Animals<br />
Mergers & Acquisitions<br /><ul><li>Service/Support
R&D
Sponsorship
Product Offerings
Innovation</li></li></ul><li>
Student Debt-the Reality<br />106%<br />56%<br />Debt<br />Starting salaries<br />North America<br />AVMA<br />
USA Student Debt - the Reality<br /><ul><li>Ave debt for UK students?
Ave debt for EU Students?
Ave debt for Canadian Students = $52,000
Ave debt - US veterinary college
$131,00 for males
$134,00 for females</li></li></ul><li>Comparisons - Professionals<br />BLS 5/08<br />
USA Veterinarian Starting Salaries 2010 vs(2008)<br />$48,778  male<br />$34,250  female<br />
Equine Vet Practice<br />	AAEP Job Bank – Aug 19, 2011<br />742 Resumes<br />15 Jobs<br />49 resumes for each job<br />
<ul><li>32% vs 23 % of med students in yr 1
Multi species
Euthanasia</li></li></ul><li>Social Networking<br />50% of Western Europeinternet users use Social Media<br />> 60%  of Ea...
Human Medicine<br />15% of US hospitals using social media<br />Australian & New Zealand Medical Associations have created...
Social Networking <br />750  million users worldwide<br />48% in North America (13%)<br />26% in Europe (29% increase)<br ...
<ul><li>Schleswig-Holstein State
State institutions must remove like button</li></li></ul><li><ul><li>25 million users in 4 weeks
Tech crowd
Interest is leveling</li></li></ul><li>Collaboration<br />FourSquare<br />Yelp<br />Go To Webinar<br />Google Docs <br />
www.foursquare.comwww.gowalla.com<br />Location based<br />“Check ins”<br />Win rewards<br />
Everyone is Talking About You!<br />
Groupon<br />
Mobile Computing<br />Droid/iPhone/Blackberry<br />Droid has 48% market share<br />Apple largest selling phone maker<br />...
Mobile Computing<br />Droid/iPhone/Blackberry<br />Droid has 48% market share<br />Apple largest selling phone maker<br />...
Mobile Payments<br />
iPad<br />>350,000 sold in first week<br />14 million this year alone<br />Practice Software<br />Facetime<br />
Ranking of the top 6 sport-organizations in The Netherlands<br />
Number of starts in Olympic Disciplines<br />
KWPN - Royal Dutch Sport Horse<br />Biggest warmblood studbook in the world<br />Very successful in breeding and sports<br...
North American Racing Update<br />
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EBMS International - 61 Minutes 2011

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I presented, along with Dr. Joop Loomans and Dr. Andy Clark, a year in review on business, technology and lifestyle issues for equine veterinarians.

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  • MWI/CEntaur
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  • EBMS International - 61 Minutes 2011

    1. 1. The Year in Reviewin 61 MINUTES<br />Andy Clark<br />JoopLoomans<br />Mike Pownall<br />
    2. 2. The Economy in Decline?How Does it Affect theEquine Industry<br />
    3. 3. Technology & Social MediaAsset?Liability?Or Both?<br />
    4. 4. New Grads JobsDebtToo Little and Too Much<br />
    5. 5. Challenging Times<br />2008<br />2009<br />2010<br />2011<br />…The Future<br />
    6. 6. The Economy<br />
    7. 7.
    8. 8. U.S. Public Debt<br /><ul><li>1980Debt33% of GDP$909 billion
    9. 9. 1990Debt55.9% of GDP$ 3.2 trillion
    10. 10. 2001Debt55.9% of GDP$ 5.7 trillion
    11. 11. 2009Debt90% of GDP$14.3 trillion</li></ul>2010 Debt =100% of GDP<br />
    12. 12. USA<br />Politics & The Economy <br />
    13. 13. Equine Vets Under Attack<br />Internet & OTC Sales<br />
    14. 14. NCVEI 2010<br />Vet Practice Sales - 2010 vs. 2009<br />> 50 % are flat or up<br />50% are down<br />Fee Increases for 2010<br />No change = 18.1%<br />Lowered = 1.4%<br />Raised = 80.5%<br />
    15. 15. Equine Industry Trends<br />Increase A/R <br />Customers<br />Vendors / Suppliers<br />Labor Reductions<br />Support Staff<br />Veterinarians<br />Price slashing<br />Decrease Hospital Volume / Revenue<br />Decrease in discretional spending<br />Future growth<br />Improve Operational Efficiencies<br />
    16. 16.
    17. 17. Quarters compared to same Quarter last year. <br />Dutch Practices n= 90<br />
    18. 18. Index Equine Revenue, 2008 = 100. <br />Dutch Practices n= 90<br />
    19. 19.
    20. 20. Pfizer Business Consultant, James White, said: <br />"Practices are right to remain cautiously optimistic about 2011 if we accept it's going to be a challenging year. By implementing the correct strategies now there are still opportunities for growth. <br /> Client loyalty is the buzzword and should remain a key component of any practice strategy being implemented in the coming months." <br />
    21. 21.
    22. 22. Wider competition & deregulation<br />The level of competition within the veterinary market continues to increase- RCVS<br />2008 Private Practices = 4000<br />2010 Private Practices = >3,000 <br />The number of corporately owned practices is steadily on the increase<br />opened up by the deregulation of ownership of veterinary practices. <br />WalMart Effect<br />
    23. 23.
    24. 24.
    25. 25.
    26. 26.
    27. 27.
    28. 28.
    29. 29. Recession Affecting Animals<br />
    30. 30. Mergers & Acquisitions<br /><ul><li>Service/Support
    31. 31. R&D
    32. 32. Sponsorship
    33. 33. Product Offerings
    34. 34. Innovation</li></li></ul><li>
    35. 35.
    36. 36. Student Debt-the Reality<br />106%<br />56%<br />Debt<br />Starting salaries<br />North America<br />AVMA<br />
    37. 37. USA Student Debt - the Reality<br /><ul><li>Ave debt for UK students?
    38. 38. Ave debt for EU Students?
    39. 39. Ave debt for Canadian Students = $52,000
    40. 40. Ave debt - US veterinary college
    41. 41. $131,00 for males
    42. 42. $134,00 for females</li></li></ul><li>Comparisons - Professionals<br />BLS 5/08<br />
    43. 43. USA Veterinarian Starting Salaries 2010 vs(2008)<br />$48,778 male<br />$34,250 female<br />
    44. 44. Equine Vet Practice<br /> AAEP Job Bank – Aug 19, 2011<br />742 Resumes<br />15 Jobs<br />49 resumes for each job<br />
    45. 45.
    46. 46.
    47. 47. <ul><li>32% vs 23 % of med students in yr 1
    48. 48. Multi species
    49. 49. Euthanasia</li></li></ul><li>Social Networking<br />50% of Western Europeinternet users use Social Media<br />> 60% of East Europeans<br />Facebook, You Tube & Twitter are largest networks<br />YouTube uploads 35 hours of video each MINUTE!<br />Twitter delivers 350 billion tweets/day. <br />
    50. 50. Human Medicine<br />15% of US hospitals using social media<br />Australian & New Zealand Medical Associations have created social media policies<br />
    51. 51. Social Networking <br />750 million users worldwide<br />48% in North America (13%)<br />26% in Europe (29% increase)<br />Mobile users are twice as active. (<1/3)<br />
    52. 52.
    53. 53.
    54. 54.
    55. 55. <ul><li>Schleswig-Holstein State
    56. 56. State institutions must remove like button</li></li></ul><li><ul><li>25 million users in 4 weeks
    57. 57. Tech crowd
    58. 58. Interest is leveling</li></li></ul><li>Collaboration<br />FourSquare<br />Yelp<br />Go To Webinar<br />Google Docs <br />
    59. 59. www.foursquare.comwww.gowalla.com<br />Location based<br />“Check ins”<br />Win rewards<br />
    60. 60. Everyone is Talking About You!<br />
    61. 61. Groupon<br />
    62. 62. Mobile Computing<br />Droid/iPhone/Blackberry<br />Droid has 48% market share<br />Apple largest selling phone maker<br />Blackberry falls to #4<br />>200,000 iPhone Apps<br />13 billion business in 2013 www.techcrunch.com<br />
    63. 63. Mobile Computing<br />Droid/iPhone/Blackberry<br />Droid has 48% market share<br />Apple largest selling phone maker<br />Blackberry falls to #4<br />>200,000 iPhone Apps<br />38billion business in 2015<br />
    64. 64.
    65. 65. Mobile Payments<br />
    66. 66. iPad<br />>350,000 sold in first week<br />14 million this year alone<br />Practice Software<br />Facetime<br />
    67. 67. Ranking of the top 6 sport-organizations in The Netherlands<br />
    68. 68. Number of starts in Olympic Disciplines<br />
    69. 69.
    70. 70.
    71. 71.
    72. 72. KWPN - Royal Dutch Sport Horse<br />Biggest warmblood studbook in the world<br />Very successful in breeding and sports<br />Goal is to breed top sport horses<br />Very strict selection process <br />
    73. 73. North American Racing Update<br />
    74. 74. Situational Analysis<br />Declining Foal Crop: Down 13%<br /> 2005: 38,361 - 2012: 24,700<br />Major Auction Sales: Down 32%<br />Handle: Down 37%<br />Purses: Down 6%<br />Attendance: Down 30%<br />Declining Fan Base 4%/yr<br />
    75. 75. Core of American Racing is Strong<br />Kentucky Derby Attendance up 8% (2000-2011)<br />Breeders Cup Racing up 6% (2006-2010)<br />Grade I and Grade II Handle is up 23% (2001-2010)<br />
    76. 76. Main Issues of Racing<br />Competition from other forms of gambling<br />Dilution of the racing product<br />The fan base of racing is decreasing 4% per year<br />Animal welfare is a growing concern for the U.S. Public.<br />
    77. 77. 2010 Horse Numbers<br />US TB live foals<br /><ul><li>Down 14.2% in 2010
    78. 78. 1972 #s in 2011</li></ul>Canada STB stallions standing<br />43% decrease since 2007<br />Canada STB Mares bred<br />29% decrease since 2007<br />
    79. 79. Sales In North America<br />Keeneland Sales <br />2008 ave $90,984, med $37,000<br />2009 ave $60,734, med $22,000<br />2010 ave $64, 811, med $25,000<br />Ave 6.7%, med 13.6%<br />
    80. 80. Successes 2010<br />1st place WBFSH-ranking Jumping<br />1st place WBFSH-ranking Dressage<br />Jazz 1st on WBFSH Stallion Ranking<br />
    81. 81. KWPN/Royal Dutch Sport Horse<br />Select Sales 3 year old stallions<br />
    82. 82. KWPN/Royal Dutch Sport Horse<br />Making the <br />Royal Dutch Sport Horse well known in <br />growing markets<br />
    83. 83.
    84. 84. Equine Veterinary Business Education<br />Amsterdam - August 2010<br />
    85. 85. Amsterdam - August 2010<br />
    86. 86. Thank You<br />www.slideshare.net/mpownall<br />www.equinevetbusiness.com<br />www.dvmmba.com<br />
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