We know a lot about dental and veterinary practices. Our main focus is to ensure the profitability of growing veterinary and dental practices. We also help with the implementation of best practices right across the business. And if you’re just starting out or acquiring a practice, we really can help you make it the best start possible.

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News

17 Mar

Mark McGaunn to Speak at the CVMA 2014 Annual Meeting

Posted by Mark McGaunn on Monday, March 17, 2014

Mark J. McGaunn, CPA/PFS, CFP® will be speaking at the upcoming Connecticut Veterinary Medical Association 2014 Annual Meeting at 4:00pm on Wednesday April 2, 2014 at the Connecticut Convention Center in Hartford, CT. The topic of his speech will be: Practice Owner & Management Program- Potential Rewards and Risks Associated with Ownership. For further information, please click here

06 Mar

Mark J. McGaunn, CPA/PFS, CFP® was recently featured on dvm360.com and in the Veterinary Economics February article "An Ailing Profession: Money Matters".

The article touches on the financial health of veterinarians and emphasizes how some veterinarians may be hurting because they don't properly take care of their personal finances. 44% of associates say they are interested in owning a practice, but only 34% say they have the financial means to do so.

Mark notes in the article: "I hear people say they can't open a practice because they have so much debt. But I tell them not to count themselves out. That's one way to pay off your debt. We have vets maxed out [in salary] at $80,000 a year. We have people with modest practices who bring in $130,000 a year. That makes a big difference."

Mark further explains: "A lot of people don't keep track of their financing-as long as they have a cash balance to their iPhone, it's OK to spend. The budget is a starting point for framing a discussion about your spending, your income, what's left to invest, what's left to spend."

Interested in learning more on how to successfully turn around your personal financial health? Click here to read the full article.

Mark J. McGaunn, CPA/PFS, CFP® leads the veterinary/dental/financial planning divisions at McGaunn & Schwadron, CPA’s, LLC and can be reached via mark@mcgaunnschwadron.com or (781) 489-6651.

06 Feb

Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Strong financial controls and bookkeeping. A good team. Great systems. Measurement. Focus.

But you know what? Even all those elements are not enough without this skill: Execution.

Call it Getting Things Done, making things happen, the action habit, extreme focus call it what you like, for many practice owners it’s what separates mediocre from magic. It’s the difference between a practice that plods along from one year to the next, and one that grows, evolves, impresses, enriches.

Execution is a skill. Sadly, we’re not taught it at school. The good news is that, as adults, we can go out and find the information and principles of effective execution, then apply them. Daily.

To fast track you on your journey towards becoming brilliant at execution, here are some books that we highly recommend that you not only read, but you study, practice, live by:

  • The 4 Disciplines of Execution: Book, Audio
  • Getting Things Done: Book, Audio
  • Influencer: The Power To Change Anything; Book, Audio

Read (or listen) to those books, and your mind will be permanently re-wired. Obstacles and frustrations will become Projects, Tasks, or Wildly Important Goals. And you’ll have a pragmatic framework for achievement and creating the change you want in your business.

And in your life. It’s powerful stuff.

We’d love to hear of your favorite books on this ‘execution’ topic. Please share them in the Comments below, and after you read (or if you have already read) any of the books above, please share with us the key principles and practices that have made the biggest difference to you in terms of getting things done and executing your ideas.

Mark J. McGaunn, CPA/PFS, CFP® leads the veterinary/dental/financial planning divisions at McGaunn & Schwadron, CPA’s, LLC and can be reached via mark@mcgaunnschwadron.com or (781) 489-6651.

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