<ul><li>The American  </li></ul><ul><li>Association of Mobile  </li></ul><ul><li>Veterinary Practitioners </li></ul><ul><l...
・  Doctor of Veterinary Medicine  -  University of Florida College of Veterinary Medicine    ・  Bachelor of Science - Stet...
<ul><li>B.S. degree In biology from the University of Miami, </li></ul><ul><li>Graduated from the Army Officer Basic Cours...
Beyond The Numbers: 43 3 10 54 5 35 76 Smart Financial  Planning Tips  for  Small Business Owners 12 98 48 75 2 65 37 88 1...
Tonight’s Intent <ul><li>To help you understand the basics of </li></ul><ul><li>Veterinary Financial  Management   </li></ul>
<ul><li>Pick the one that  </li></ul><ul><li>fits your current situation … </li></ul><ul><li>Thinking of starting a practi...
LLC vs. S-Corp <ul><li>A. Legal issues </li></ul><ul><li>B. Tax implications </li></ul>
Management Software <ul><li>What will you use? </li></ul><ul><li>What are the  capabilities? </li></ul><ul><ul><li>What re...
Monthly Expenses <ul><li>Truck payment  and expenses </li></ul><ul><li>Loan vs. Lease </li></ul><ul><li>Insurance </li></u...
<ul><li>Loan vs. Lease </li></ul>Equipment
Advertising <ul><li>C. Advertising </li></ul><ul><ul><li>Website </li></ul></ul><ul><ul><ul><li>Set up </li></ul></ul></ul...
Professional fees <ul><li>Licenses </li></ul><ul><li>Continuing Education </li></ul><ul><li>Dues and subscriptions </li></...
Repairs/Maintenance <ul><li>Truck/generator </li></ul><ul><li>Equipment </li></ul><ul><li>Computers </li></ul>
<ul><li>Internet </li></ul><ul><li>Phone </li></ul><ul><li>Supplies </li></ul><ul><li>Home Office deduction </li></ul>Home...
<ul><li>Supplies </li></ul><ul><li>Cremation services </li></ul><ul><li>Laboratory services </li></ul>Veterinary Supplies/...
Payroll <ul><li>Number of technicians/employees </li></ul><ul><li>Hours </li></ul><ul><li>Benefits </li></ul><ul><li>Payro...
<ul><li>House call  </li></ul><ul><li>or trip fee </li></ul><ul><li>How to </li></ul><ul><li>  set fees </li></ul>Setting ...
<ul><li>Client retention </li></ul><ul><li>Age of A/R </li></ul><ul><li>Client visits per year </li></ul><ul><li>Number of...
<ul><li>Cash </li></ul><ul><li>Insurance </li></ul>Collecting Payment <ul><li>Checks </li></ul><ul><li>Credit Cards </li><...
<ul><li>Bookkeeper </li></ul><ul><li>Office manager </li></ul><ul><li>Accountant </li></ul><ul><li>Attorney </li></ul><ul>...
Questions
American Association of Mobile Veterinary Practitioners
<ul><li>AAMVP.ORG </li></ul>Log on today for a complimentary membership …
<ul><li>AAMVP.ORG </li></ul>Wednesday, May 5, 2010 Smart Scheduling:  Effective Time Management Techniques for Busy Vets U...
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AAMVP: Beyond the Numbers: Smart Financial Planning TIps for Small Business Owners

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AAMVP: Beyond the Numbers: Smart Financial Planning TIps for Small Business Owners

  1. 1. <ul><li>The American </li></ul><ul><li>Association of Mobile </li></ul><ul><li>Veterinary Practitioners </li></ul><ul><li>is being launched to help </li></ul><ul><li>support mobile veterinary </li></ul><ul><li>practitioners across </li></ul><ul><li>the nation, as well </li></ul><ul><li>as veterinary students </li></ul><ul><li>and the vendors who </li></ul><ul><li>provide products </li></ul><ul><li>and services for </li></ul><ul><li>quality animal medicine. </li></ul><ul><li>We strive to serve as the </li></ul><ul><li>leading resource for </li></ul><ul><li>mobile vets by </li></ul><ul><li>creating a robust </li></ul><ul><li>community for sharing </li></ul><ul><li>information, ideas, </li></ul><ul><li>and encouragement. </li></ul><ul><li>AAMVP.org </li></ul>
  2. 2. ・ Doctor of Veterinary Medicine - University of Florida College of Veterinary Medicine ・ Bachelor of Science - Stetson University ・ Opened first mobile veterinary practice in Naples, FL in 2003 ・ Co-founded American Association of Mobile Veterinary Practitioners ・ Founded Neapolitan Gourmet Pet Food ・ Co-founded Innovative Veterinary Products ・ Writes for local publications on pet care and safety ・ Conducts vaccination clinics & low-cost spay & neuter services in Everglades City, FL ・ Works with Collier County’s Domestic Animal Services ・ American Veterinary Medical Society Member ・ Florida Veterinary Medical Society Member ・ Collier County Veterinary Society Member ・ American Animal Hospital Association Member ・ University of Florida College of Veterinary Medicine Alumni Council Member ・ Leukemia & Lymphoma Society Member ・ Recipient of 20+ awards and scholarships Believes in helping others build a foundation for their veterinary careers while making a difference in the lives of those around her. Dr. Dena Baker, DVM
  3. 3. <ul><li>B.S. degree In biology from the University of Miami, </li></ul><ul><li>Graduated from the Army Officer Basic Course as well as paratrooper school </li></ul><ul><li>Doctorate degree in Veterinary Medicine from Louisiana State University in 2000. </li></ul><ul><li>Commissioned as a Captain in the US Army </li></ul><ul><li>Entered the Veterinary Corps. </li></ul><ul><li>Received numerous awards and citation </li></ul><ul><li>Presented with the Army Achievement Medal, Army Commendation Medal, National Defense Service Medal, Global War on Terrorism Service Medal, Army Service Ribbon, Commander’s Coin of Excellence for Service in Guantanamo Bay. </li></ul><ul><li>Her main job was caring for president’s bomb dogs and search/rescue dogs. </li></ul><ul><li>After serving five years in the US Army, Dr. G opened her mobile veterinary clinic in 2006. </li></ul><ul><li>Enjoys the flexibility and excitement that mobile practice allows. </li></ul><ul><li>Founded her clinic on the belief that pet care can be easy for clients and patients. </li></ul><ul><li>In her spare time, Dr. G. enjoys horseback riding, volunteering </li></ul><ul><li>at local shelters post Katrina, running and wine tasting. </li></ul><ul><li>Her husband is an emergency medicine physician. </li></ul><ul><li>They have three small children and a menagerie of pets. </li></ul>Dr. Ashley Geoghegan
  4. 4. Beyond The Numbers: 43 3 10 54 5 35 76 Smart Financial Planning Tips for Small Business Owners 12 98 48 75 2 65 37 88 17 66 Presented by renowned mobile veterinarian Dr. Dena D. Baker Sponsored by the American Association of Mobile Veterinary Practitioners
  5. 5. Tonight’s Intent <ul><li>To help you understand the basics of </li></ul><ul><li>Veterinary Financial Management </li></ul>
  6. 6. <ul><li>Pick the one that </li></ul><ul><li>fits your current situation … </li></ul><ul><li>Thinking of starting a practice </li></ul><ul><li>Own a mobile practice </li></ul><ul><li>Own a stationary practice & considering adding a mobile practice </li></ul>Poll Question
  7. 7. LLC vs. S-Corp <ul><li>A. Legal issues </li></ul><ul><li>B. Tax implications </li></ul>
  8. 8. Management Software <ul><li>What will you use? </li></ul><ul><li>What are the capabilities? </li></ul><ul><ul><li>What reports can be generated? </li></ul></ul><ul><ul><li>Time clock/payroll </li></ul></ul><ul><li>Support fees </li></ul>
  9. 9. Monthly Expenses <ul><li>Truck payment and expenses </li></ul><ul><li>Loan vs. Lease </li></ul><ul><li>Insurance </li></ul><ul><li>Fuel </li></ul>
  10. 10. <ul><li>Loan vs. Lease </li></ul>Equipment
  11. 11. Advertising <ul><li>C. Advertising </li></ul><ul><ul><li>Website </li></ul></ul><ul><ul><ul><li>Set up </li></ul></ul></ul><ul><ul><ul><li>Maintenance </li></ul></ul></ul><ul><li>C. Advertising </li></ul><ul><ul><li>Marketing </li></ul></ul><ul><ul><ul><li>Yellow Pages </li></ul></ul></ul><ul><ul><ul><li>Other Advertising </li></ul></ul></ul>
  12. 12. Professional fees <ul><li>Licenses </li></ul><ul><li>Continuing Education </li></ul><ul><li>Dues and subscriptions </li></ul><ul><li>Malpractice and liability insurance </li></ul>
  13. 13. Repairs/Maintenance <ul><li>Truck/generator </li></ul><ul><li>Equipment </li></ul><ul><li>Computers </li></ul>
  14. 14. <ul><li>Internet </li></ul><ul><li>Phone </li></ul><ul><li>Supplies </li></ul><ul><li>Home Office deduction </li></ul>Home Office/ Business Expenses
  15. 15. <ul><li>Supplies </li></ul><ul><li>Cremation services </li></ul><ul><li>Laboratory services </li></ul>Veterinary Supplies/Fees
  16. 16. Payroll <ul><li>Number of technicians/employees </li></ul><ul><li>Hours </li></ul><ul><li>Benefits </li></ul><ul><li>Payroll taxes </li></ul><ul><li>Workers’ Comp Insurance </li></ul>
  17. 17. <ul><li>House call </li></ul><ul><li>or trip fee </li></ul><ul><li>How to </li></ul><ul><li> set fees </li></ul>Setting Fees
  18. 18. <ul><li>Client retention </li></ul><ul><li>Age of A/R </li></ul><ul><li>Client visits per year </li></ul><ul><li>Number of active clients </li></ul>Revenue Consideration
  19. 19. <ul><li>Cash </li></ul><ul><li>Insurance </li></ul>Collecting Payment <ul><li>Checks </li></ul><ul><li>Credit Cards </li></ul>
  20. 20. <ul><li>Bookkeeper </li></ul><ul><li>Office manager </li></ul><ul><li>Accountant </li></ul><ul><li>Attorney </li></ul><ul><li>Consultant </li></ul>Professionals to use
  21. 21. Questions
  22. 22. American Association of Mobile Veterinary Practitioners
  23. 23. <ul><li>AAMVP.ORG </li></ul>Log on today for a complimentary membership …
  24. 24. <ul><li>AAMVP.ORG </li></ul>Wednesday, May 5, 2010 Smart Scheduling: Effective Time Management Techniques for Busy Vets Upcoming

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