If you’ve ever felt like your practice is doing well but were still left wondering, “Are we actually doing okay?” you’re not alone. One of the most important numbers you can know as a veterinary practice owner isn’t your revenue, or even your profit margin; it’s your make-or-break number. So, what exactly is it? In […]
In a busy veterinary practice, it’s easy for staff to go above and beyond, staying late to help a patient in need or finishing up a day’s worth of tasks. While that kind of dedication is admirable and often necessary, it can also drain your practice’s bottom line. Uncontrolled staff overtime can significantly inflate payroll […]
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Hiring in vet med isn’t what it used to be. With more demand for care and fewer professionals entering the field, traditional job boards are oversaturated. Your practice needs to stand out not just with competitive pay but also with culture, creativity, and connection. The good news? There are plenty of ways to make your […]
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Let’s face it, veterinary medicine is hard work! It requires years of school, significant financial investment, and sometimes, sleepless nights to build a business to serve your community, clients, and employees. Unfortunately, when an employee decides to steal from the business, it can feel like a personal betrayal and lead to a loss of trust […]
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In the fast-paced world of veterinary medicine, efficient financial management is crucial for both the health of the practice and the well-being of the animals it serves. One powerful tool that can significantly enhance a veterinary clinic’s financial management is the American Animal Hospital Association (AAHA) Chart of Accounts (CoA). This framework provides a standardized […]
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Boosting online pharmacy revenue has never been more important in today’s shifting veterinary industry. Pet owners are prioritizing convenience and competitive pricing, so practices must adapt their services to meet these expectations. At the same time, fully utilizing an online pharmacy can help lower the Cost of Goods (COGs) eating up revenue and collecting dust […]
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Owning a veterinary practice is not just about caring for animals — it’s also about managing a business with complex financial and tax considerations. Whether you are buying, selling, or merging a veterinary practice, understanding the tax implications can help you make informed decisions and avoid costly surprises. Buying a Veterinary Practice One of the […]
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As we enter 2025, it’s the perfect time to set your veterinary practice on a path toward success. The new year brings fresh opportunities for growth, efficiency, and improved client care. By taking a proactive approach to your financial planning, investing in technology, enhancing client relationships, and focusing on staff development, you can ensure that […]
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As practice owners and managers, you face a million demands, making goal setting for 2025 both essential and challenging. Having grown a small practice from one DVM to a 12-DVM team, I learned that setting and achieving significant goals requires a careful balance of ambition and practicality. Here are a few tips to help you […]
A Doctor of Veterinary Medicine can take multiple career paths, all of which will likely fulfill their passion for taking care of animals. These paths may include specialization, relief work, working as an Associate, etc. However, the path toward ownership is ultimately worth consideration as well. Becoming a business owner is not only a significant […]