TERRY HALL, ENTREPRENEUR DVM, FINANCIAL STRATEGIST & ARCHITECT

How Does a Doctor of Veterinary Medicine End Up as a Financial Strategist & Architect?

After working in veterinary medicine, building multiple practices over 20+ years and achieving many desired goals, pursuing specialization seemed like the optimum next achievement. At that moment in time, specialties such as internal medicine, radiology and oncology were gaining momentum in the small animal field, much like medicine for human beings. A masters in surgery was the clear target to accomplish, until my interest fell short. After contemplation, the realization hit me that my true interest fell along the lines of the other side of veterinary medicine: business and finance, and for good reason, there was a major void in many practices that was self-evident.

GENERATING PROFITABLE FINANCIAL RESULTS

FOR ME, LIKE MANY BUSINESS OWNERS IN THE SMALL TO MID-BUSINESS PROFESSIONAL SERVICES, attention more often than not, focused on cultivating expert knowledge, generating incomes streams, building strategic plans for the practice, and increasing productivity. Producing successful results meant real diligence and extensive effort.

But what few practitioners, and for that matter, business owners, realize is that strategic moves in how you allocate discretionary income and utilize financial tools in synchronization produce profitability to meet financial objectives more efficiently and effectively. Business strategy and financial planning opened my mind to another recourse: income capable of regenerating itself exponentially.

INSIGHT TOWARD FINANCIAL TARGETS

Understanding financial targets and what is necessary for growth, revenue generation, profitability and personal financial, makes it possible to structure resource utilization in a way that builds wealth.

I adopted an “entrepreneurial mindset” to financial strategies, in which financial actions delve into both an offensive and defensive perspective, and prioritize risk on margins of acceptability.

This single viewpoint gave the capability to implement effective cash flow controls and funding mechanisms without having to give away all or part of my business practice to reach goals or retire. The design of highly efficient financial strategies, became my means of helping other veterinarians and business owners like myself, produce income and minimize taxation by structuring resources with integrated tools that work together. The difference is not just a retirement portfolio, but a living income with growth potential to maximize earnings.

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Terry Hall is a Doctor of Veterinary Medicine and a Certified Financial Planner (CFP®). He holds both a BS and DVM degree from Michigan State University. After 20+ years building and managing multiple small animal practices, Terry attended Purdue University’s Krannert Graduate School of Management to pursue the business, finance and investment side of veterinary medicine.

After Purdue, Terry consulted for the American Animal Hospital Association, an accrediting organization for veterinary practices, all across the country helping over 1500 practices improve client service and quality of care, increase effective records management, and streamline procedures. During these seven years, he helped launch a “business well-being program” to proactively advise veterinarians on profitability and financial actions toward success.

Terry became board certified with a CFP® designation in Financial Planning in 2000. After his certification he integrated business and personal financial planning, and joined Eagle Strategies Corp. in Littleton, Colorado as a registered investment advisor representative. Previous to creating Entrepreneur DVM, Terry formed Acacia Investment Advisors.