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.
As a dentist and small business owner, are you taking advantage of the growing dental market? Are you considering a dental office expansion? Advances in technology are propelling the industry forward, giving additional treatment opportunities to larger patient populations. According to Dental Economics, more than 65%
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
Yes, 31-occlusal and 18-buccal have been treated – composite resin and sealant, respectively. Certainly that’s a success for one patient outcome, but how about for the entire practice? Hundreds of cases like these plus dozens of larger cases add up each year to a profitable
It’s a competitive world out there, and as a dental practice owner, you can’t afford to take the success of your practice for granted. A solid marketing program with regular advertising and promotional perks may help you stay a step ahead of the competition. But
In the age of changing and advancing technology, dentists may consider new gadgets such as lasers, imaging, or phone systems to improve their dental practices. However, in speaking with doctors over the years, I have found that growing your practice is often more about a
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
Owning a dental practice is a goal of most dentists, in fact it’s the American Dream to have ownership of something. So, how do you get there and what do you need to think about first? For dentists, the first decision is whether you should