If you own or are planning to own a veterinary practice – can I ask you this question? Did you buy into practice because it offers you job security and because you wanted to be your own boss as a clinician – or because you regard practice ownership as an investment. I imagine that for most owners, it was both – but if you consider your practice as an investment and to build wealth for your retirement, much will depend on its ability to deliver a healthy level of profit.
So with that in mind – ask yourself what are your three key costs which influence profit and the value of your practice, how much profit are you really making, how many client transactions do the vets in your practice handle on a daily basis and how do all those numbers compare with other similar practices?
Episode 103 of the Veterinary Business Video Show includes a clip which will show you how to find out online, here and now