Posts Tagged ‘management’

Ten Veterinary Management Lessons Learned Travelling the World

Saturday, May 12th, 2012

qantas A380

Fed up paying out huge fees to travel to management conferences and learning nothing? I’ll save you the trouble. In the last month, I’ve travelled to three continents, attending and presenting at both WSAVA/BSAVA in the UK and CVC East Coast in Washington DC.

Three continents, two conferences and one crazy veterinary world – here’s what I learned.

1. Net Promoter Score rocks – you can read the book for more detail but it boils down to this: how many of your clients are actively recommending you and are advocates for your practice? Getting client feedback, and better still, having this immortalised online in the form of reviews is going to be a huge advantage.

2. Coach your staff like a sports team was Shawn McVey’s advice. If you train hard, have talent and play by the rulebook you generally get to play for a good team, earn more money, have a nicer car, etc.  If you do something the coach doesn’t like, coach blows the whistle, pulls you aside and tells you what to do differently. If you consistently fail to do what coach asks then you get dropped, have to play in a smaller team with less pay, smaller house/car, etc. This is how it works in just about every field of business. So why do we struggle with it in veterinary medicine? You are the coach, do you have a playbook and are you blowing your whistle?

3. Be different and be good if you want to succeed. This was the message from an inspirational Marwan Tarazi. Marwan is a small animal practitioner from England who has posted some stellar performance figures from his start-up practice. His targets were to generate annual revenue of £150,000, £250,000 and £350,000 for years one, two and three. He’s smashing these targets out of the park and in his third year is on course to deliver £750,000 – from a one-vet practice! What’s his edge? Marwan would have you believe it was laparoscopic surgery, but we at The Hamster Wheel know different. While everyone was amazed by the success of the clinic, the shrewd members in the audience knew that Marwan would have posted these figures whatever he did. His secret isn’t technology; it’s commitment, passion and chutzpah. Good on you, Marwan.

4. Stop trying to fix people who are psychologically broken. It’s not your job and you are not a shrink. This means you are wasting your time. Instead learn better ways of hiring people who help you achieve, not hold you back.

5. Write a blog. Google will love you and only 4% of clinics do this, so you’ll stand out a mile from the crowd. Post a blog every week if possible and you will out-rank your peers on any search engine listing you like. Think new client gold rush

6. Sign up for a twitter account and get into some meaningful conversations with clients and potential clients. Not convinced? Then come and see me present at a CVC show or in Melbourne at AVBA.

7. Email is most definitely not dead. Use it to save money, time and get better engagement from your clients.  Sack your marketing person if they say otherwise.

8. Even though we are in the economic doldrums, there are a lot of clinics that are growing fast and are very busy. They are doing something dramatically different. In fact, they are doing a lot of things dramatically different. If you’re suffering and haven’t changed anything then you need to act because you’re running out of time.

9. We recruit people really, really badly. We should be getting more help from qualified professionals. Great people power great businesses. It is worth the time and investment to hire well.

10. Getting out there, meeting new people and catching up with old friends is great for the soul, fights isolation and exposes you to different ways of thinking. Make it a priority to attend a conference you have never been to before and throw yourself in hook, line and sinker.

Five Reasons Why Corporate Veterinary Practice is Your Worst Nightmare

Friday, April 6th, 2012
death star image

Do corporates spell doom for your vet practice?

Last week I wrote about why a corporate practice opening up nearby might just be the best news you could get. This week the empire strikes back, you may be unwise to underestimate the power of the dark side…;-) Let’s go.

1. Corporate veterinary practices are better funded and spread their risk over a wider area both geographically and technically. You exist in one place doing one thing. This makes them more recession proof than you.

2. They have a marketing team and take promotion of their business seriously, with adoption of modern database and digital marketing practices. You send out vaccine reminders, have a website you haven’t updated for months and think Facebook is an annoyance that should be banned.

3. They have strength in depth. If a bit isn’t working they tend to replace it. This means they have staying power. If you are the bit that isn’t working then you’re in trouble.

4. They have an HR team that, if you are very unlucky, might have half a clue what performance management actually is. You do ‘once in a while’ appraisals that never seem to achieve anything more than upsetting the team. You hate doing them as much as the team hates getting them.

5. They spend a lot more time thinking strategically, you spend all your time thinking clinically. They are not on the Hamster Wheel, you are.

The content of both of these linked blogs is a gross simplification of the matter. But the intention is simply to show that both models have strengths and weaknesses. Neither is perfect and clearly there is room for both in the market.

The message for smaller less business savvy practices is, and I speak with experience having worked as director in a large group and the owner of an independent hospital, that corporate veterinary practice will never have as big an impact as you fear. However they are also here to stay and you need to think about how to deal with that. (Shameless plug: It’s not necessarily a bad thing as I explain in my article in this month’s edition of  the Veterinary Business Journal).

Reality is that what happens in your practice is just about completely down to you. If you spend a day a week focusing on running your own business (building the plan, ensuring everyone has clear objectives and treating customers like royalty), rather than worrying about what other’s are up to (which incidentally you have no control over) then you are likely to benefit from improved performance in your practice.

So once again I hand the floor back to you for comments. I’m getting on a plane to Birmingham, my debut at BSAVA 2012 beckons. And I can’t wait to take the stage. A very Happy Easter to you, hopefully see some of you very soon.

The Hamster Wheel @ VPMA Congress 2011

Monday, January 31st, 2011

Dave flew to the UK to talk to practitioners about what impact the recession was having on veterinary business and what action practices can take to stay ahead in these trying times.

The culmination of the week was a trip to VPMA Congress where he had the chance to grab a quick interview with Veterinary Business Briefing’s John Sheridan.

Struggling With Social Media? Here’s Why you Should

Wednesday, September 29th, 2010

social media is good for veterinary practice realtionships‘My friendships with those who aren’t on Facebook has suffered.’ That was an honest comment a friend made a few months ago when visiting Sydney. At the time I thought it a little harsh, but recently I’ve noticed that the relationships that are flourishing in my personal and business life, are those with whom I have most contact.

This should not come as any surprise at all. When we befriend someone, whether it is at university, work or holiday, the common theme is proximity. We do not usually choose our friends then move close to them. We choose our location and then we build relationships locally based on common traits and values.

The Facebook phenomenon adds a new level of complexity as it allows relationships to be formed, develop and flourish without the need for physical or ‘in person’ contact.

Leading a life that straddles both the UK and Australia I can testify to that and I’ve noticed that a subtle shift in my network is occurring. I am developing interesting and unexpected relationships based not only on the use of Facebook, but also on Twitter, Skype, YouTube, Vimeo and LinkedIn. Also forums such as DVM 360 and VetPol.

My world is gradually dividing along two lines, the ‘social media haves’ and the social media ‘have-nots’. The distance from which I run a UK based business pretty much demands it!

So what does this have to do with vet practice?

Well since launching the Double Bay Vet Clinic social media website I’ve also noticed that the clients that follow us on Facebook and twitter are not necessarily those that I’ve known the longest, or indeed that their pets have been the sickest (and hence most frequent visitors to the practice).

They are however the people and pet’s with whom I feel the greatest personal bond and who tend to ask to see me specifically. They are also the most likely to drop in for treats and chats because they were passing.

And why is this?

Simple, it’s because each interaction between people has the effect of deepening a relationship. It doesn’t matter if you are talking or tweeting. What matters is that you are being you and you are helping people.

Clients are just regular people like you and me. As humans we have a natural tendency to reach out and connect, build relationships and form communities.
In Britain and Australia we often hear about the breakdown of community. Perhaps that is true, or perhaps we are looking for community in the wrong place.

My personal community is not localised by geography, but it is linked together by technology. I’m thousands of miles away but feel completely part of the life of everyone who I interact with online – whether they are new friends I met travelling, or old ones from school, university or my London life. If they are online and using social media then I’m connected, bonded and the relationships are strengthening. If they are not, then the relationships are standing still in time.

As vets we have always had a privileged and respected place at the centre of our local communities. Globalisation will not help our businesses grow as we have a product that will always be made and consumed locally (Internet clinical exams cannot and do not work).

Our prosperity depends on maintaining strong local relationships. So it is essential that we recognise that our community is changing the way it builds and interacts. Perhaps this is even more prevalent or necessary in rural, geographically disconnected areas than in cities.

Yesterday we picked up the phone. Today we email. Tomorrow we use social media.

It may be a technology with which you are not familiar or even scared, but if you want to remain relevant and central to your community (and you must develop relationships to do so) then it is time to learn a new skill and overcome a conservative fear of change.

Social media is not the exclusive preserve of teenagers (though Gen Y was the early adopter). Social media is not about selling or doing business directly.

The clue is in the name. SOCIAL media is about building community and relationships with more people than was possible before, one tweet at a time.

Business only ever prospers on the back of strong trusting relationships. In this regard, interactions on Facebook can help veterinary practices a great deal.

The digital age is here and it needs engagement from all walks of life. It is high time for us vets to take our place at the heart of these (or should I say our) new online, local communities.