It is important to check in and examine your annual goals from time to time throughout the year. This helps to prevent unnecessary stress and may even help free up some time around the holidays. When you do examine your year-end goals for 2020, it
To own or not to own? That is the question. Let’s look at the reasons a veterinarian may consider veterinary practice ownership. First, being the boss has benefits. You get to control your own destiny! Your success is determined by your own abilities and faculties.
To own or not to own…that is the question at hand. Let’s examine why a veterinarian should even consider veterinary practice ownership. First, getting to be the boss has its advantages. You get to control your own destiny! Success lies in your own abilities and
Regardless whether you want to build a new office from the ground up or renovate your current veterinary clinic, you need to create your construction budget. While this can be a daunting task, there are tips to consider to make sure your budget is complete.
If you may sell your veterinary practice in the future, it is beneficial to determine its current value while you can still have time to make changes. Improving your practice value even years before you are ready to sell may help increase profitability now and
Looking to Buy However, a veterinarian’s high student debt load is not necessarily an impediment to practice ownership. Ownership may even be the ticket to faster student debt retirement. Practice owners typically enjoy larger salaries than associates, can potentially amass greater wealth, and should capture other financial
You’ve trained for years to become a veterinary doctor, and now you may want to make the leap into hospital ownership. The good news is that the demand for veterinary services is likely to remain strong, with pet ownership a high priority for many families.
As a practice owner, you are directly responsible for the financial performance of your dental practice. This responsibility may require you to understand the cash flow of your business – the numbers you plan to achieve in order to meet your obligations and earn a
Most established dental and orthodontic practices regularly reinvest about 6% of their annual production back into marketing. For the average practice that produces $780,000 each year that means $3,900 per month is invested in marketing. For startups, lenders typically allot $20,000-$25,000 of the initial practice
With the appropriate financing, healthcare professionals like you may be able to achieve your practice growth goals. But for some practitioners, debt accumulation might be weighing them down and — if not properly managed — could derail the dream. If you’re like other healthcare practitioners,