Vet Business

The World of Equine Vets is Very Small

I just came back from the Equine Business Management Strategies International meeting in Amsterdam. This was the first meeting in Europe based on the successful Equine Business Management Strategies course held each September in Wisconsin. The few North Americans attending the conference were able to spend an intense 4 days being educated on business management with the attending equine vets from Finland, Denmark, the UK, the Netherlands, Germany, France, Italy and Portugal. Quite the mixture of equine vets attending! When we all got together and began discussing the challenges, we were surprised to learn that the North American and European vets are facing exactly the same problems: Succession planning, cut-rate veterinary competitors and practice governance.

Succession Planning

Unlike most North American practices it appears most European vets work in large group practices that have equine, companion animal, bovine and even porcine vets under the same roof. It was not uncommon to have a vet announce that they were partners in a 20+ vet practice! This is very rare in North America. We did share common concerns about bringing on new partners and resolving current partner issues. The continued success of our businesses depends on succession and if we can’t determine accurate practice value, find partners willing to buy in, and institute proper governance, then our current practices will die out when the partners retire. New European vets fortunately do not have the debt load of their American counterparts so they do have the ability to buy in sooner. The problem remains of how to properly and fairly determine practice value in the current recessionary market place. How can a new partner pay their debt load when a practice has reduced income with increased expenses? This is a problem on both sides of the Atlantic.

Cut-Rate Veterinary Competitors

This subject probably caused the most discussion. We all have neighbouring vets who think if they lower their prices that they will get busier, without realizing that this does not equal more profitable. Clients think this is great for them, but the long term outcome of this habit can be dire. Our expenses still continue to rise significantly and the only way to maintain profitability is to work much longer hours. The reality is that new grads will not work excessive hours that workhorse vets from an earlier generation who are nearing retirement age. There is a different emphasis on life choices with newer vets, but at the same time a professional graduate has the expectation of a salary appropriate for their education. How can a practice with decreased profitability due to slashed fees pay for a new associate and still stay in business? There is a potential future for horse clients where vets do not buy up-to-date diagnostic equipment, continuing education is ignored, and longer hours worked result in more errors because of fatigue and burnout. Remember, there will no be new vets joining the profession in this scenario so what you have is what will remain.

Practice Governance

Vet partnerships form because people work well together, they are classmates, or they have been part of practice long enough that is seems to be the next logical step. Rarely is a set of rules written down that instructs the partners on how the business should be operated, and the results can be catastrophic. How to determine partner buy-outs or buy-ins? How to deal with partner death or divorce? When large group practices face this, the outcome is immobility. Decisions are not made, plans to deal with the economy are ignored and the practice is left circling the drain.

Kudos to the veterinarians that attended this course regardless if they were from North America or Europe. By no means did we have the answers to all of our challenges but we knew more than before we came. All of us left with the resolve to do something to improve the business management of our practices and profession. The ultimate benefit is for horse owners and their horses. Let us work towards a future of vibrant, healthy and progressive vets working on improving the health of the horse.

A special thanks to Dr. Joop Looman of the University of Utrecht College of Veterinary Medicine for hosting us. He was assisted by Dr. Arno Werners.  Both made all of us feel at home. Thanks also to Dr. Bob Magnus for creating Equine Business Management Strategies and having the vision to bring it to the rest of the world.

Better practice management results in better medical care for our patients. Does anyone disagree?

 

224 comments
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  113. The state run quality with regard to panic attacks is usually as follows: Panic attacks really are sharp along with continued surges among strong not to mention mind-boggling fearfulness.|Take care that you do not limit yourself. Lots of authors restrict themselves to what they believe they are able to do. Be sure you can gothat far as your mind will let you.|Tremendously illuminating cheers, I think your trusty audience would possibly want a whole lot more posts such as this keep up the great hard work.|I completely agree and I just wanted to say that I really like your blog. Is it WordPress based?|I’m so done of coming to a web page to remark and finding spam remarks. Can’t they uncover anything wiser to do with their time spent?|I’m yet to find a writer as excellent as you are. Congratulations for a fantastic job!|Highly helpful appreciate it, There’s no doubt that your trusty visitors will likely want far more content such as this carry on the great content.|You mention truth issue on that stuff. I think you described it in a professional way. I hope you go further in this way, with your excellent way of writing articles.|Particularly revealing thank you, I think your current audience might want way more reviews of this nature continue the excellent content.|Hello I really like your post and I think that it’s cool. I want to use it in my article. Is it possible? Of course, I will write a source.|There are now loads of weight loss supplements that we need to find pills review sites to get any idea of what can help us.|Extremely useful thank you, I’m sure your trusty audience would definitely want a great deal more items like this maintain the excellent work.|Awfully challenging bless you, It looks like your current readers will probably want further blog posts like that carry on the excellent content.|Incredibly enlightening many thanks, I presume your current subscribers may want further posts along these lines continue the excellent work.|Hi I attempted to sign up to your RSS and the link seems to be broken. How can i get around this? Regards!|Its always good to get some hints like you share for blog posting. Thank you for your high quality work and keep on writing articles in such a high quality manner.|Recently I started with a more healthy diet and started working out again. I can honestly say I have never felt this alive and energetic.|Very interesting posts on your site. I keep on coming back to learn more. I have bookmarked it as well for future reference. I hope you dont mind at all.)

  114. All I want to say is, yes! Yes! Yes! Youre so right. I want to get behind this so much. You speak with so much authority, so much spirit, I feel as though youve definitely hit the nail on the head. Good job with this. Please keep brining us more because we need more of your type of blogger.

  115. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a bit, but other than that, this is great blog. A great read. Ill definitely be back.

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  117. An official meaning to panic attacks can be as follows: Panic attacks really are unanticipated and duplicated spikes regarding powerful coupled with frustrating fright.|Take care that you do not limit yourself. Lots of authors restrict themselves to what they believe they are able to do. Be sure you can gothat far as your mind will let you.|Tremendously illuminating cheers, I think your trusty audience would possibly want a whole lot more posts such as this keep up the great hard work.|I completely agree and I just wanted to say that I really like your blog. Is it WordPress based?|I’m so done of coming to a web page to remark and finding spam remarks. Can’t they uncover anything wiser to do with their time spent?|I’m yet to find a writer as excellent as you are. Congratulations for a fantastic job!|Highly helpful appreciate it, There’s no doubt that your trusty visitors will likely want far more content such as this carry on the great content.|You mention truth issue on that stuff. I think you described it in a professional way. I hope you go further in this way, with your excellent way of writing articles.|Particularly revealing thank you, I think your current audience might want way more reviews of this nature continue the excellent content.|Hello I really like your post and I think that it’s cool. I want to use it in my article. Is it possible? Of course, I will write a source.|There are now loads of weight loss supplements that we need to find pills review sites to get any idea of what can help us.|Extremely useful thank you, I’m sure your trusty audience would definitely want a great deal more items like this maintain the excellent work.|Awfully challenging bless you, It looks like your current readers will probably want further blog posts like that carry on the excellent content.|Incredibly enlightening many thanks, I presume your current subscribers may want further posts along these lines continue the excellent work.|Hi I attempted to sign up to your RSS and the link seems to be broken. How can i get around this? Regards!|Its always good to get some hints like you share for blog posting. Thank you for your high quality work and keep on writing articles in such a high quality manner.|Recently I started with a more healthy diet and started working out again. I can honestly say I have never felt this alive and energetic.|Very interesting posts on your site. I keep on coming back to learn more. I have bookmarked it as well for future reference. I hope you dont mind at all.)

  118. An official meaning to panic attacks can be as follows: Panic attacks really are unanticipated and duplicated spikes regarding powerful coupled with frustrating fright.|Take care that you do not limit yourself. Lots of authors restrict themselves to what they believe they are able to do. Be sure you can gothat far as your mind will let you.|Tremendously illuminating cheers, I think your trusty audience would possibly want a whole lot more posts such as this keep up the great hard work.|I completely agree and I just wanted to say that I really like your blog. Is it WordPress based?|I’m so done of coming to a web page to remark and finding spam remarks. Can’t they uncover anything wiser to do with their time spent?|I’m yet to find a writer as excellent as you are. Congratulations for a fantastic job!|Highly helpful appreciate it, There’s no doubt that your trusty visitors will likely want far more content such as this carry on the great content.|You mention truth issue on that stuff. I think you described it in a professional way. I hope you go further in this way, with your excellent way of writing articles.|Particularly revealing thank you, I think your current audience might want way more reviews of this nature continue the excellent content.|Hello I really like your post and I think that it’s cool. I want to use it in my article. Is it possible? Of course, I will write a source.|There are now loads of weight loss supplements that we need to find pills review sites to get any idea of what can help us.|Extremely useful thank you, I’m sure your trusty audience would definitely want a great deal more items like this maintain the excellent work.|Awfully challenging bless you, It looks like your current readers will probably want further blog posts like that carry on the excellent content.|Incredibly enlightening many thanks, I presume your current subscribers may want further posts along these lines continue the excellent work.|Hi I attempted to sign up to your RSS and the link seems to be broken. How can i get around this? Regards!|Its always good to get some hints like you share for blog posting. Thank you for your high quality work and keep on writing articles in such a high quality manner.|Recently I started with a more healthy diet and started working out again. I can honestly say I have never felt this alive and energetic.|Very interesting posts on your site. I keep on coming back to learn more. I have bookmarked it as well for future reference. I hope you dont mind at all.)

  119. Have you ever thought about adding a little bit more than just your thoughts? I mean, what you say is important and everything. But its got no punch, no pop! Maybe if you added a pic or two, a video? You could have such a more powerful blog if you let people SEE what youre talking about instead of just reading it.

  120. I am just searching some good blogs and found this one, really nice blog, I have already bookmarked your blog. Thanks for such a nice blog.*-*

  121. While reading your blog it seems that you research on this topic very much. I must tell you that your blog is very informative and it helps other also.

  122. Hi there – Do you mind if I use this post on my blog? Obviously I will send a link back to your site but I think the few readers I do have would find this helpful. *-*

  123. Can I make a suggestion? I think youve got something good here. But what if you added a couple links to a page that backs up what youre saying? Or maybe you could give us something to look at, something that would connect what youre saying to something tangible? Just a suggestion.

  124. Congratulations on having one of the most sophisticated blogs Ive come across in some time! Its just incredible how much you can take away from something simply because of how visually beautiful it is. Youve put together a great blog space –great graphics, videos, layout. This is definitely a must-see blog!

  125. What I wouldnt give to learn how you got your design to be so amazing! I mean it. Besides the blog just being awesome, this page is too sweet! Its not too flashy. It doesnt do too much with colours and things and the videos you use are perfect for this topic! Really, awesome blog.

  126. Your article very good, I am very interested in your story! *_*

  127. Ha! I love climbing up the local Bay Area hills and passing people with headphones. I’ll say "Hi" as I pass them and it scares the crap out of them because they didn’t hear me rolling up behind them.*-*

  128. Hi..thanks for the information… loved it simply Oh man! What an amazing thing to say

  129. what briiliant site.it realy provides sum great information.Thanks for this .

  130. You got a really useful blog I have been here reading for about an hour. I am a newbie and your success is very much an inspiration for me.

  131. Everyone sees a dream of havaing his own house. if you too want to have his own house, read this blog where you will find tips to buying a home ………….. Thanks

  132. Universities are of course hostile to geniuses, which, seeing and using ways of their own, discredit the routine as churches and monasteries persecute youthful saints.

  133. All I can say is keep it up. This blog is so necessary in a time when everyone just wants to talk about how many people someones cheated on their wife with. I mean, thanks for bringing intelligence back to the web, its been sorely missed. Great stuff. Please keep it coming!

  134. What youre saying is completely true. I know that everybody must say the same thing, but I just think that you put it in a way that everyone can understand. I also love the images you put in here. They fit so well with what youre trying to say. Im sure youll reach so many people with what youve got to say.

  135. I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.

  136. I completely agree and I just wanted to say that I really like your blog. Is it WordPress based?

  137. The web log really is wonderful. I like reading through it but the truth is, the writing appears to be kinda odd when using the safari website broswer

  138. Youre so cool! I dont think Ive read anything like this before. So good to find somebody with some original thoughts on this subject. Thanks for starting this up. This blog is something that is needed on the web, someone with a little originality. Good job for bringing something new to the internet!

  139. Im no expert, but I think you just made the best point. You obviously know a lot about what youre talking about, and I can really get behind that. Thanks for being so upfront and so honest about the subject matter. I really feel like I have a better understanding now.

  140. Valuable information and excellent design you got here! I would like to thank you for sharing your thoughts and time into the stuff you post!! Thumbs up

  141. Excellent information. I liked your post.

  142. Quite interesting blog!!
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  143. Can I just say, this blog is what got me through the day today. Every time I read it, I just get more and more excited about whats next. Very refreshing blog and very refreshing ideas. Im glad that I came across this when I did. I love what youve got to say and the way you say it.

  144. I must say, youve got one of the best blogs Ive seen in a long time. What I wouldnt give to be able to create a blog thats as interesting as this. I guess Ill just have to keep reading yours and hope that one day I can write on a subject with as much knowledge as youve got on this one!

  145. I dont know what to say. This blog is fantastic. Thats not really a really huge statement, but its all I could come up with after reading this. You know so much about this subject. So much so that you made me want to learn more about it. Your blog is my stepping stone, my friend. Thanks for the heads up on this subject.

  146. The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.

  147. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your blog when you could be giving us something enlightening to read?

  148. Good luck getting people behind this one. Though you make some VERY fascinating points, youre going to have to do more than bring up a few things that may be different than what weve already heard. What are trying to say here? What do you want us to think? It seems like you cant really get behind a unique thought. Anyway, thats just my opinion.

  149. Thank you for this blog. Thats all I can say. You most definitely have made this blog into something thats eye opening and important. You clearly know so much about the subject, youve covered so many bases. Great stuff from this part of the internet. Again, thank you for this blog.

  150. For what its worth, the layout is definitely amazing. You know how to balance writing and images/videos. However, I cant get over how little you actually bring to light here. I think that everyones said the same thing that youve said over and over again. Dont you think its time for something more?

  151. Hello, I truly enjoyed reading your post. I found your site from Bing. Will bookmark to return later. Thanks!

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  157. Well, this one article definitely appears to be yet another one where marketers have uncovered a web site to post their respective websites trying to attempt to get the biggest search engines, most notably Google, to rate their websites in the top results. Can not actually fault this behaviour as any site no doubt is as good as dead if there are no links to be found from another few web properties linking to it.

  158. Great stuff from you, man. Ive read your stuff before and youre just too awesome. I love what youve got here, love what youre saying and the way you say it. You make it entertaining and you still manage to keep it smart. I cant wait to read more from you. This is really a great blog.

  159. Really appreciate this post. It’s hard to sort the good from the bad sometimes, but I think you’ve nailed it!

  160. I hope you never stop! This is one of the best blogs Ive ever read. Youve got some mad skill here, man. I just hope that you dont lose your style because youre definitely one of the coolest bloggers out there. Please keep it up because the internet needs someone like you spreading the word.

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  162. I was just thinking about Real Estate Video Tours and you’ve really helped out. Thanks!

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  166. I cannot WAIT to read more of this. I mean, you just know so much about this. So much of it Ive never even thought of. You sure did put a new twist on something that Ive heard so much about. I dont believe Ive actually read anything that does this subject as good justice as you just did.

  167. Have you ever considered about adding a little bit more than just your articles? I mean, what you say is valuable and everything. However think about if you added some great pictures or video clips to give your posts more, "pop"! Your content is excellent but with pics and clips, this blog could certainly be one of the most beneficial in its field. Awesome blog!

  168. Youre not the average blog writer, man. You definitely have something powerful to add to the web. Your design is so strong that you could almost get away with being a bad writer, but youre even awesome at expressing what you have to say. Such a great blog. Ill be back for more.

  169. You sure do know what youre talking about. Man, this blog is just great! I cant wait to read more of what youve got to say. Im really happy that I came across this when I did because I was really starting to get bored with the whole blogging scene. Youve turned me around, man!

  170. I like horses,And riders.You say the world is small,Whatever,I will support you.

  171. You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I will try to get the hang of it!

  172. I’m not sure why but this weblog is loading very slow for me. Is anyone else having this problem or is it a issue on my end? I’ll check back later on and see if the problem still exists.

  173. I was looking for crucial information on this subject. The information was important as I am about to launch my own portal. Thanks for providing a missing link in my business.

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  175. Kątniki this species come from the north-west Europe. However, about the twentieth century [3] as a result of human activities were unknowingly przywleczone to the north-western North America [3], where they acclimatized and a number of spread.

  176. very good comment i appreciate this psot.

  177. Good luck getting people behind this one. Though you make some VERY fascinating points, youre going to have to do more than bring up a few things that may be different than what weve already heard. What are trying to say here? What do you want us to think? It seems like you cant really get behind a unique thought. Anyway, thats just my opinion.

  178. Hello would you mind letting me know which webhost you’re using? I’ve loaded your blog in 3 completely different web browsers and I must say this blog loads a lot quicker then most. Can you recommend a good hosting provider at a honest price? Kudos, I appreciate it!

  179. You are exactly right. I have enjoyed the reading very much as it deals with an important issue. Nice post!!!

  180. Good luck getting people behind this one. Though you make some VERY fascinating points, youre going to have to do more than bring up a few things that may be different than what weve already heard. What are trying to say here? What do you want us to think? It seems like you cant really get behind a unique thought. Anyway, thats just my opinion.

  181. Good day! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Many thanks!

  182. Hello! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really appreciate your content. Please let me know. Many thanks

  183. I appreciate the work that you have put into this page. Genuinely good,and informative. Thank You

  184. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  185. Im impressed. I dont think Ive met anyone who knows as much about this subject as you do. Youre truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog youve got here.

  186. I have been surfing online more than three hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my opinion, if all webmasters and bloggers made good content as you did, the internet will be much more useful than ever before.

  187. I cannot WAIT to read more of this. I mean, you just know so much about this. So much of it Ive never even thought of. You sure did put a new twist on something that Ive heard so much about. I dont believe Ive actually read anything that does this subject as good justice as you just did.

  188. Good day! I could have sworn I’ve been to this blog before but after checking through some of the post I realized it’s new to me. Anyhow, I’m definitely glad I found it and I’ll be bookmarking and checking back often!

  189. There is more opportunity these days to become an entrepreneur, what with the internet and all. Go for it!

  190. Great blog you have here but I was wondering if you knew of any message boards that cover the same topics talked about here? I’d really love to be a part of group where I can get opinions from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Many thanks!

  191. What I dont understand is how youre not even more popular than you are now. Youre just so intelligent. You know so much about this subject, made me think about it from so many different angles. Its like people arent interested unless it has something to do with Lady Gaga! Your stuffs great. Keep it up!

  192. Your blog is fine. I just want to comment on the design. Its too loud. Its doing way too much and it takes away from what youve got to say –which I think is really important. I dont know if you didnt think that your words could hold everyones attention, but you were wrong.

  193. You…are…my…hero!!! I cant believe something like this exists on the internet! Its so true, so honest, and more than that you dont sound like an idiot! Finally, someone who knows how to talk about a subject without sounding like a kid who didnt get that bike he wanted for Christmas.

  194. If I might –perhaps you should consider adding a few images. I dont mean to disrespect what youve said; its very enlightening, indeed. However, I think would respond to it more positively if they could be something tangible to your ideas. Keep it up, but put a little more into it next time.

  195. If I might –perhaps you should consider adding a few images. I dont mean to disrespect what youve said; its very enlightening, indeed. However, I think would respond to it more positively if they could be something tangible to your ideas. Keep it up, but put a little more into it next time.

  196. There is more opportunity these days to become an entrepreneur, what with the internet and all. Go for it!

  197. What a stunning post. I have enjoyed every little bit of this post as This contains some valuable info. Thanks a lot for sharing such a nice post. Well done man!!!

  198. The art of being wise is the art of knowing what to overlook.

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  200. I appreciate the work that you have put into this page. Genuinely good,and informative. Thank You

  201. I was wondering if you ever considered changing the layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?

  202. I appreciate the work that you have put into this page. Genuinely good,and informative. Thank You

  203. Your blog is fine. I just want to comment on the design. Its too loud. Its doing way too much and it takes away from what youve got to say –which I think is really important. I dont know if you didnt think that your words could hold everyones attention, but you were wrong.

  204. Wow, what a blog! I mean, you just have so much guts to go ahead and tell it like it is. Youre what blogging needs, an open minded superhero who isnt afraid to tell it like it is. This is definitely something people need to be up on. Good luck in the future, man.

  205. I appreciate the work that you have put into this page. Genuinely good,and informative. Thank You

  206. Can you email me with any pointers about how you made this blog look like this , I would be thankful!

  207. All I can say is keep it up. This blog is so necessary in a time when everyone just wants to talk about how many people someones cheated on their wife with. I mean, thanks for bringing intelligence back to the web, its been sorely missed. Great stuff. Please keep it coming!

  208. great post…thanks for share this tips..keep up

  209. I done a research on the topic and learnt nearly all peoples will agree with your blog.I think i will add it in my favorite

  210. I appreciate the work that you have put into this page. Genuinely good,and informative. Thank You

  211. Your blog is outrageous! I mean, Ive never been so entertained by anything in my life! Your vids are perfect for this. I mean, how did you manage to find something that matches your style of writing so well? Im really happy I started reading this today. Youve got a follower in me for sure!

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  213. I dont know what to say. This blog is fantastic. Thats not really a really huge statement, but its all I could come up with after reading this. You know so much about this subject. So much so that you made me want to learn more about it. Your blog is my stepping stone, my friend. Thanks for the heads up on this subject.

  214. Im not going to say what everyone else has already said, but I do want to comment on your knowledge of the topic. Youre truly well-informed. I cant believe how much of this I just wasnt aware of. Thank you for bringing more information to this topic for me. Im truly grateful and really impressed.

  215. I appreciate the work that you have put into this page. Thank You

  216. The blog is really informative and i like to share it with my friends we can easily learn more about web designing through this post thanks for post

  217. Im impressed, I must say. Very rarely do I come across a blog thats both informative and entertaining, and let me tell you, youve hit the nail on the head. Your blog is important; the issue is something that not enough people are talking intelligently about. Im really happy that I stumbled across this in my search for something relating to this issue.

  218. Thanks for having the time to write about this topic. I truly appreciate it. I’ll stick a link of this post in my blog.

  219. Don’t stop blogging! It’s nice to read a sane commentary for once

  220. Thanks for the nice blog. It was very useful for me. I’m happy I found this blog.(^_^)

  221. Excellent read, I just now passed this onto a colleague who has been doing a little research on that. Anf the husband actually bought me lunch because I discovered it for him smile So ok , i’ll rephrase that: Appreciate your lunch!

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