Wednesday, January 30, 2008

Swimming Upstream for Profits


It sucks when you invest loads of money in becoming NYC's only doggie swim center, and then your landlord jacks up your rent 64%. The owner was forced to shut down two days before Christmas and layoff 15 staffers.

According to the Jan 14 New York magazine article by Andrew Adam Newman (Newman!), there currently are no canine swim centers in the 5 boroughs, and the Big Apple pet scene appears to be shaking out other pet businesses too.

"I think everyone thinks, 'Boy this dog business will be a lot of fun to be in,' but the economics are really tough," said one Manhattan-based dog walking service owner.

Lesson here? Make sure when you make large investments into infrastructure (like a pool and special filtration systems) that you lock your landlord into a rent-increase structure that limits the annual increases. Even better? Set the term of your lease to equal the payback period for the cost of the infrastructure investment. Example: If it is going to take 3 years of profits to pay off the equipment costs, then set your lease for 4 yrs. This will ensure you make back your money from the equipment, with a little profit left over in case you are forced to move out at the end of the lease.

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Monday, January 14, 2008

H2SAB: Loyal Companion Animal Care

We here at the cozy and snow-covered offices of Animalcareerist.com are pleased to announce an new feature here called H2SAB (or How to Start an Animal Business). This series will include interviews with actual business owners who are in the process of launching a new animal venture. Books can provide a wealth of information, but the stories from people actually in the process of opening a business are invaluable to others who are considering an animal business.


Today, we start the feature with Dr Craig Miller of Loyal Companion Animal Care of Redmond WA. Dr. Miller was kind enough to take time out of his holidays and last-minute preparations (his clinic opened on Jan 7) to share some of his thoughts about starting a new business.

Animalcareerist: Dr Miller, why did you decide to open your own practice?

Dr. Miller: I have wanted to own my own veterinary practice for almost 5 years now. Owning my own practice allows me to combine my love for medicine with my interest in business. Now originally I planned to buy an established practice. However, I found after 2 years of searching that there were few practices for sale that met my criteria. I realized after a while that if I wanted the practice I was envisioning, I was going to have to build it.

AC: How did you choose the location?

Dr. Miller: I chose Redmond Ridge Washington for several reasons. Personally, I like the area - its an attractive area with its own community. Business aspects also made sense. It's a newly developed area with great growth potential without a veterinarian, so the demand is there. I was looking for a highly educated community which it has as well. And it's near my home, so I have a short commute which was important to me.

AC: What is the focus of the practice, in regard to species, types of clients, services, etc?

Dr. Miller: We will be a full service small animal (dogs and cats) hospital. Our services will be general medicine and surgery, what I like to consider as a family practice. This includes pediatrics, geriatrics, wellness, parasite control, dentistry, and access to a full service reference laboratory. I have contacts with emergency hospitals and specialty practices (dermatology, ophthalmology, specialist surgeons, internal medicine specialists) in addition to regular case discussions with other veterinarians. Our focus on clients will be our surrounding community, providing care as if each patient were our own pet, and in educating owners. (Click "Read more!" for the full interview.)

AC: Over time, as your practice develops, what other projects or plans do you have for the practice?

Dr. Miller: I have built some flexibility into the floor plan of the hospital as I hope to expand it to a 3-doctor practice eventually.

AC: What are some of the hot trends that you are embracing in your practice?

Dr. Miller: Medicine is a continuously evolving field as new knowledge and new technologies emerge. The biggest trend in veterinary medicine is that people consider their pets a part of their family, and demand high quality veterinary care. We will always strive to provide our owners with options for the best care. For example, I have a variety of equipment to provide safe anesthesia, from fluid pumps, monitors of blood pressure, heart rate, and oxygenation of the blood, to warm air blankets. In addition, we have digital medical records, which hold numerous advantages to paper records. Over time I think more clinics will convert to computerized records, but that transition for an established practice can be quite a hurdle.

AC: What are some of the trends that don't really fit into your vision of the practice?

Dr. Miller: Veterinary medicine has several corporations that own chains of veterinary clinics/hospitals. These corporations are buying more and more private veterinary hospitals. I will not be a corporate clinic, and will strive to set myself apart from them with more personal touch.

AC: You are building a new facility within a shopping center. On the plus side, you have a clean slate to work with, but someone also has to do the design. Who designed your facility and how long did it take?

Dr. Miller: It IS a plus to have a clean slate, but it is also a lot more work. My facility was designed by a veterinary-specific architect based in Louisiana who knows the unique demands of a veterinary practice in terms of odor control, cleanliness, equipment, and that there are certain things that dogs will do! Because the shell of the building was already built, we had a tight time line to try and get everything built. Since my architect was in Louisiana, I also had to hire a local architect to oversee that the project met state and county requirements. Our third input was from a veterinary specific general contractor, which was key, as they understand what works and doesn't work in a veterinary facility. All in all, the design phase took about 3 months, but the entire negotiation of lease to completion of construction took about 8 and 1/2 months, which is very quick compared to industry average.

AC: Were there any unexpected issues that have come up during the construction process?

Dr. Miller: There are always issues that come up during construction, and that is why it was key to have a veterinary-specific construction firm. Right off the bat, our first subcontractor who bid on the plumbing dropped out, so that delayed the start of construction by two weeks. Another issue that developed was a large piece of equipment I was purchasing, a lifting wet table for dentistries, was taller that the cabinets. Luckily, the construction supervisor caught this issue early in the construction process, and so we were able to redesign our cabinets around the table.

AC: Any problems with permitting or zoning since this is an animal business?

Dr. Miller: We were very nervous about the permitting process because I had heard it could take a very long time. We had even written an addendum to our lease that if we got held up by the county for more than 6 months, or if they would not permit a veterinary hospital, then we could get out of our lease. Luckily, the permit process went smoothly.

AC: What is your initial staffing plan for the practice?

Dr. Miller: I will be the only doctor to start with, and I have hired a licensed veterinary technician, a full and part-time veterinary assistant, and a receptionist.

AC: Have you started hiring?

Dr. Miller: They are all hired and eager to start.

AC: Working with animals requires a special breed of person (pun intended). Describe the perfect candidate for your office.

Dr. Miller: The perfect candidate has an eagerness to learn, a love of animals with a stomach for blood and diarrhea, respect for clients, the ability to multi-task and work in a team environment, and a great sense of humor.

AC: How does someone get your attention to get put on top of the very large pile of resumes?

Dr. Miller: Experience is huge, and a well-written cover letter that addresses any potential holes in their resume. I look specifically for why someone wants to come work at my hospital, versus someone who is looking for "a job".

AC: Have you started marketing?

Dr. Miller: Yes, we have multiple forms of marketing. I have been writing educational articles for the Redmond Ridge newsletter, our website, we have a flyer in Valpak and in front of our hospital, we hung a banner in front of our space from the beginning, we are listed in the yellow pages, and we held an open house.

AC: What plans do you have for marketing in the future?

Dr. Miller: Word of mouth is huge in the veterinary industry, so I hope as time goes by, we will become a well-known service in the community. We will also track how clients find us so we are able to quantitatively measure what are the most effective methods of marketing.

AC: How important will the internet be in your marketing efforts?

Dr. Miller: Because we are located close to Microsoft, and many in our community work there, the internet will be important. It is difficult to quantify it at the moment, but I think it will be third in importance, behind location and word of mouth. I also plan to continue to update my website with educational information and links. So it will be important not only for marketing, but also for education.

AC: Opening a new practice is very time-consuming, capital-intensive and a great deal of hard work. Yet, once the doors open, and your lobby is full of smiling customers, wagging tails and purring kitties, it'll all be worth it. That said, what have been the biggest thrills so far in building your new practice?

Dr. Miller: This has been a dream of mine for almost 5 years now, to own my own practice, so finding the location and deciding that now was the time and place to do it was very exciting. Also watching the building transform from a shell, to studs, to painted walls, has been very exciting. Recently, getting my first appointment request through my website was a compliment.

AC: What has been the biggest disappointment so far?

Dr. Miller: Having the heating not shut off and run the clinic up to 95 degrees 4 days after the final walk through was disappointing. But the problem has been identified and fixed. Luckily no one (but me) had to work in those conditions. I did not move to Florida to open a veterinary hospital for a reason!

AC: What has been the biggest surprise you've encountered?

Dr. Miller: When I contacted a technician whom I had worked with before to ask her if she knew any techs who might be interested working for me, and she replied "Yes, me!"

AC: Lastly, do you have any advice for entrepreneurs interested in opening their own animal business?

Dr. Miller: Do your due diligence. You will need it for the bank to loan you money, and also so you can sleep at night when you have time. Consider how to set yourself apart. It is a lot of hard work, and many things you will have to learn about that you probably never knew (nor cared to) before.

AC: Thank you for your time and good luck with your new practice, Dr Miller.

Dr Craig Miller recently opened Loyal Companion Animal Care in the Redmond Ridge area of Redmond WA. He is currently taking new patients, by appointment. Contact Dr Miller at (425)868-7000 or via his website at http://loyalcompanionanimalcare.com. The clinic is located at 22330 NE Market Place Drive, Suite 115, Redmond WA 98053.

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Tuesday, January 8, 2008

Lesson learned


So I was skipping along merrily in my pre-holiday bliss last month. It was shaping up to be a great holiday...personal stuff had blown over, the businesses were taking shape, friends were friendly, neighbors were neighborly.

Heck, even the cocoa was tasting.... more cocoa-y.

Then, upon my return from a football game on Dec 23, I walked in the office to check email and there sat my laptop displaying the "blue screen of death".

After a re-boot, it was apparent that it was gone. Because it was the holidays, no shop was open to look at it, and in the meantime, I knew that there were lots of people trying to contact me regarding some projects, the holidays, etc.

It wasn't until Jan 4 that I was able to fully restore my data on another computer. A quick tally of the actual costs I incurred:
  • $949 for new laptop
  • $199 for new Quickbooks software
  • $49 for new Quicken software
  • $25 for adapter for connect my old laptop hard disk to the new computer
  • $79 for new mouse (Vista is not compatible with a lot of old hardware and generally pretty awful.)
The money can be recuperated over time, but the time cannot. I estimate that I spent over 70 hours over the holidays on setting up the new computer, restoring the old files, and updating software where needed.

It's been a LONG time since I've faced losing ALL of my data. Admittedly, I had gotten complacent. I hadn't backed-up files in a long time and EVERYTHING was on that laptop--work files, legal documents, photos, addresses, email, logos, and all the rest.

So when I picked up the new laptop, I also picked up a new item which I should have bought years prior-- an external storage drive. And I've set all of my accounting software to automatically backup once a month. My most important documents now reside on discs tucked away in my safe.

Call it a lesson learned in how to prevent wasting another holiday in computer limbo.

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Monday, November 26, 2007

It's a business

This might seem obvious. In fact, many of you will furrow your brow at what you are about to read. But I think it bears saying, all the same.

It's a BUSINESS!!!

If you are either involved in an animal career or thinking about starting one, you need to remember that although working with animals is a great way to spend the day, at end of the day, at least some of your success is based on the number of clients you saw and the amount of money in your wallet.

It's not all about money, and it's not all about having loads of clients. But in order to keep your business going, you need to mind the business side of your practice.

Some tips:

  • Surround yourself with good advisors. At a minimum, you'll need an attorney, an accountant, and a web designer.
  • Create a structured schedule. Set aside specific times when you work on sales, marketing, finances, business development.
  • Pick one day a week where you do nothing but the business development activities mentioned above.
  • Ask for feedback. Your customers can tell you a lot about your business if you just ask.

If you aren't willing to do at least these few steps, then you are likely interested in an animal hobby, not an animal business.

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Monday, November 5, 2007

What's cooking.....

It's been a week now since our last post, but we here at Animalcareerist.com wanted to let you know that you are not forgotten. I wanted to take a few moments to explain a little about what we have been doing. (And trust us, we've been busy!)

We are getting to ready to spread our wings a little-- launch few new projects at Chew Toy Holdings, start production at Chew Toy Media and even get a little help here at Animalcareerist.com.

In speaking with business advisors over the past weeks, it's become clear that a few of the projects we've been considering have real merit and we are moving ahead with some of them.

Last week, I placed an ad on Craigslist with the headline "Help me Start a Business". The results were amazing. In less than 24 hours, I was contacted by over 20 people. Many had compelling stories, and I was fortunate to meet a handful of these talented people.

The results? A few new projects, and a refocusing of a few others.

Sophie Paladichuck is taking the lead with Chew Toy Media, which is our innovative animal-focused company which is geared toward assisting animal businesses in their sales, marketing and development efforts. Services include logo/image development, search engine ad campaigns, video production, web design. Why choose CTM for these types of work? Because we have decades of experience in the animal world. We know how to reach the customers.

We are also moving forward with an innovative insurance business, which will offer unique insurance products for both the animal owner AND animal business people. The time has come for a new business to step into this market and look at the animal world in a new light. I am in the process of bringing a CFO and Marketing Director to help launch this business.

Perhaps our most exciting new project is our development work in the area of social networks for animal lovers. Our first projects will focus on the horse show markets and the dog show markets, although we have other markets identified. The network platform is complete, and we are hoping to have the prototype available within 6 weeks. We are currently seeking investors for this project.

Lastly, we will be seeking to bring at least two contributors into the Animalcareerist family. More on that later.

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Friday, October 26, 2007

Me and My Shadow

The Seattle Post-Intelligencer has a great story today about a job shadowing program at the Woodland Park Zoo.
"Now for $500, Woodland Park zookeepers are offering a rare chance for a behind-the-scenes look at animal care. The shadow-a-keeper experience is more than a tour; it's a hands-on opportunity to work, prepare meals and learn about the animals."

Opportunities like these abound and are great ways to learn more about a career that interests you. Can't find a program like this in your field of interest? Many professionals are happy to share their work day with you. Just ask!

Don't forget that every developing country is teeming with volunteer opportunities to work with animals. Idealist.org is a great source for linking volunteers and open positions. It's where I found my 3-month gig in Ecuador, helping to set up a dog biscuit bakery for a wonderful NGO.

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Monday, October 22, 2007

Have you met our sister?


We're happy to introduce our sister company, Chew Toy Holdings. The purpose of Chew Toy Holdings is to provide a resource for helping people start businesses, especially animal-related businesses. Chew Toy Holdings will provide financing, assist in product or service development, help create a business/marketing plan, and all the other tasks necessary to help a new business thrive.
Current projects include this site, a media company for animal-related businesses, and 3 patent projects. Chew Toy Holdings is also in discussions with a group to develop and market stylish office supplies to career-minded women.
Have you had an idea that you've wanted to bounce off someone? Do you have a really great skill, but not sure how to translate that into money? Are you looking to grow your business?
Contact Chew Toy Holdings today!

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Tuesday, October 9, 2007

3-2-1 Liftoff!

Welcome to Animalcareerist.com! Join us on a journey into the business side of the animal industry. We'll be covering all aspects of the animal business world: planning your new business, sales and marketing, industry news, products, services, success stories. We'll also incorporate interviews, book reviews and funny stories along the way.

Obviously, every species of animal is different. However, we believe there are common threads to every successful animal business, regardless of the animal or breed specialty. In fact, you can learn a great deal about your area of specialty or interest just by looking at how other markets are being served. (More on this subject later.) So just because a topic is related to a different area of interest, don't click away. Instead, consider how that idea might be incorporated into YOUR own business.

In the meantime, we welcome any comments, tips, and stories you would like to share.

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