That’s right. We’re here to let you in on a little secret, and we’re utilizing stallion management to help us paint the picture. We know, stallion management is one of the most overwhelming aspects for many practices. We’re here to tell you that the grass can be greener, as long as you are on the right side!
So, stallion management. One of the most complex operations that practice can take on. There are so many moving pieces. You have to coordinate with customers, equalize internal procedures, and always make sure that you are keeping track of timelines.
Because, whether you like it or not, when FedEx comes with your delivery, you need to be ready.
When it comes to stallion management organization, it is essential that you are functioning at a high level. When you have many stallions, it becomes virtually impossible to stay organized with just an excel spreadsheet. If you are managing more than three stallions without a solution, your business is not operating as efficiently as it could.
Here’s why: something is bound to give. Whether you are unable to collect money properly, you are late on registration papers, or you are not prepared when FedEx shows up, stallion management is too difficult of a process to neglect on investment.
When you are disorganized with stallion management, you risk sending things to the wrong address, crossing DNA, etc., and those are huge mistakes that can cost your business.
A solution like Wise Option will allow you to have a great system that you can build off of. Once you start, you will construct internal methodologies, standard operating procedures, and protocols that your staff will be able to pick up. In the end, it will not only keep everything organized, but also help you run more efficiently.
At Wise Option, it is our job to shorted the distance between the start and end of the process and make sure the genetic signature is respected. There is a reason we say that we are your wisest option.
How well do you actually know you practice? Really take a moment to think on that. Of course, you are familiar with your day-to-day, but are you familiar with all of the inner workings of your employees? The systems they use, the administrative duties they perform, and the standard operating procedures for each sect of the practice?
If you answered no to any of these or you are unsure about another aspect of the practice, you are doing yourself a huge disservice. But why? Well, there are many reasons, but the one that we are touching on today is recognizing what may be an expense versus what is an investment.
Let’s start with the basics. The first thing you should reflect on is whether you have a good grasp on what money is flowing out of your business each week, month, year, etc. With the being said, you need to be able to identify all of your fixed costs, since you will be paying them no matter what.
Within these fixed costs, you need to identify two things: which of these are keeping the status quo and which of these are improving the status quo? Essentially, what is it that I am paying for just to maintain business and what is it that I am paying for to improve the business?
We promise, there will not be too many more thought experiments, because we know that you have already done some deep thinking! But if you find that the majority of your fixed costs are just maintaining the status quo, why is that? Is it that you are fine with how your business is currently operating? Is it that you do not know where to start when it comes to improving your practice?
Don’t panic if you don’t know! We are here to help. Essentially, you need to be proactive in constantly improving your business. If others see that you are ahead of the curve, they are going to look to you and catch up. So you have to make sure that you are prepared to innovate even further.
You need to be putting your money into more investments that shift the status quo, and less expenses that keep it the same. So what do you invest in?
One of the best tools to have in your arsenal is technology. Great technology makes your business more appealing to the customer, and in today’s world, everything is about user experience. Many people underestimate new technology and brush it off as an unnecessary expense. But a good practice uses technology to automate procedures, keep everyone connected, and make everything more efficient. The way we view it? It keeps you current, or even ahead. And you can’t afford to be behind.
