In this episode of the Veterinary Leadership Success Show, Dr. Dave Nicol is joined by co-founder, financial advisor, and podcast host, Tom Seeko from Florida Veterinary Advisors. They discuss the importance of bringing on people whose personalities mesh with your business culture to set yourself up for success. Tom Seeko, shares insights as an official business financial guide and qualified financial advisor. Tune in for practical tips on leadership in the veterinary profession and creating a workplace where both people and pets can thrive.

Aligning benefits with the values and principles of the business not only helps in recruiting and retaining talent but also contributes to a positive work culture and environment. It fosters a sense of belonging and commitment among employees, ultimately leading to a more successful and thriving practice.

To enhance employee engagement and satisfaction, it is important to involve employees in the process of co-creating solutions. By actively engaging employees in decision-making processes and problem-solving activities, the practice can empower employees to take ownership of their work and contribute to the overall success of the practice. This collaborative approach fosters a sense of ownership and accountability among employees, leading to increased job satisfaction and retention.

In conclusion, a well-designed retention program that focuses on substantial rewards, cost recovery, creating a culture of care and value, involving employees in co-creating solutions, and active communication can significantly contribute to employee retention, job satisfaction, and overall practice success in the veterinary industry.

Episode Outline

[00:02:36] Being a business owner.

[00:05:35] Taking on good debt.

[00:07:48] Financial implications of business ownership.

[00:11:29] Common cash crunches for business owners.

[00:15:11] The three Rs in business.

[00:17:38] Rewards and recognition in business.

[00:21:29] Retention strategies and 409A rule.

[00:23:18] Retaining Key Personnel in Business.

[00:27:46] Sign-on bonuses and retention.

[00:32:26] The battle for talent.

[00:33:49] Co-creating for employee engagement.

[00:35:41] Owning your position in work.

[00:38:48] Networking in veterinary medicine.

Episode Links

Connect with Tom Seeko on LinkedIn: https://www.linkedin.com/in/tomseeko/

Mentioned in this episode:

Today’s show is brought to you by Leaders, Dr Dave Nicol's Leadership training course. Are people the major pain point in your practice? If so, you are not alone; over 90% of managers report staff problems as their number one issue. At the root of this problem are usually three dysfunctions: A poorly articulated vision, toxic culture, or some form of leadership breakdown. If this sounds familiar, then do not despair. Help is at hand. We encourage you to check out ‘Leaders', a veterinary-specific Leadership training program where you will learn how to create and execute a shared vision, hire well, and build a powerful high-performance practice culture without the drama. The class is accredited, delivered online, and open for applications now. To learn more, listen to a free training webinar, or apply – visit www.drdavenicol.com/leaders today.