Whether you dream of selling your veterinary practice in a few years or expanding to a second location, one thing is certain: your practice’s value is directly tied to its performance and your ability to prove it. You may find yourself looking to list the practice for sale or to acquire a loan for expansion…
When veterinary practice owners talk about “growing the business,” the conversation often focuses on one number: revenue. It’s exciting to see total collections rise year after year. But revenue is not necessarily the best measure of a healthy, sustainable practice. To truly understand and strengthen your practice, you need to look beyond revenue alone. Profit…
Veterinary practice owners wear many hats — clinician, manager, leader, and entrepreneur. With so much going on daily, it’s easy to fall into “firefighting” mode and lose track of bigger business trends. That’s why it’s critical to have a rhythm for tracking key metrics at the right intervals. Weekly, monthly, and annual reviews provide different…
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