The American Association of Bovine Practitioners (AABP) is seeking applicants for its Next Generation Practice Analysis Workshop in March and April.
At the first workshops, participants will:
- Learn to analyze practice cash-flows to determine profitability and identify trends.
- Use value proposition concepts to identify and assess current and future client needs.
- Use partial budgeting to gauge cash flows and establish timelines.
- Forecast to predict how cash-flows may change with new or existing services.
- Learn about practice valuation for sale or transition.
- Learn about practice acquisition financing.
- Network with peers about opportunities and experiences.
This is the first of two, two-day intensive practice analysis workshops, which will be set one year apart.
The workshops target veterinarians who have graduated veterinary school from 2008-2017, those with US citizenship, and those with at least 10% of their practice income from food animals. AABP says preference will be given to practice owners or those with access to practice financial data and to veterinarians practicing in or adjacent to a USDA-designated Veterinary Medicine Loan Repayment Program area.
These workshops are made possible because the (AABP) Veterinary Practice Sustainability (VPS) committee received a grant for more than $200,000 from the USDA National Institute of Food and Agriculture Veterinary Services Grant Program (VSGP). The VSGP is intended to relieve veterinarian shortage situations and support veterinary services in the United States. AABP is using the grant to fund workshops.
Workshop attendees are required to participate in pre-workshop assignments and conference calls, and will be asked to provide their practice financial data in order to obtain individualized analysis and training for their specific situation and needs.
An application process will determine participants’ eligibility for this free training. Successful applicants will receive a $500 stipend to attend the training.
Find a detailed description and outline of the program, and an application at http://aabp.org/next_gen/. Applications are due by 5 p.m. Eastern Time December 15, 2017.