Budgeting in Veterinary Practices with Lisa Yackel

<p><span style="font-weight: 400;">Everything's better with a plan, right? And while it doesn’t seem like the typical time of year to talk about budgeting, today’s guest enlightens us that it is always the right time to budget. Lisa Yackel joins the VHMA Podcast today to show us why and how to implement a budget.</span></p> <p><span style="font-weight: 400;">Lisa has over 45 years experience in the field and has gone through many changes in budgeting over those years. As things continue to evolve for the industry, one thing remains consistent: it all starts with awareness. Lisa is a big believer in developing a team culture and explains the importance of communicating the budget in an educational way. When everyone is on the same page, plans are more likely to stay intact instead of fall apart. </span></p> <p><span style="font-weight: 400;">Lisa shares tons of great ideas so you don’t want to miss this episode to get your practice’s budget implemented successfully.</span></p> <h3><span style="font-weight: 400;">Show Notes:</span></h3> <p><span style="font-weight: 400;">[1:51] - Lisa shares about her background and how much depended on budgeting.</span></p> <p><span style="font-weight: 400;">[3:06] - In the past, veterinary practices weren’t truly considered a business. But over time that dynamic has changed and it’s necessary for a finance department.</span></p> <p><span style="font-weight: 400;">[4:47] - Educate the practice managers and owners about budgeting.</span></p> <p><span style="font-weight: 400;">[6:40] - Budget for things that people don’t always think about.</span></p> <p><span style="font-weight: 400;">[8:12] - It all starts with awareness, consistently, and culture.</span></p> <p><span style="font-weight: 400;">[10:06] - Veterinarians need a return on investments. Make a plan to ensure that happens.</span></p> <p><span style="font-weight: 400;">[11:47] - Once you budget for a year, it is not set in stone. Lisa adjusts the budget every month.</span></p> <p><span style="font-weight: 400;">[13:01] - H