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 […]
Read More… from Thinking Outside the Box: Unique Ways to Hire Veterinary Staff
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 […]
Read More… from Preventing Theft and Embezzlement in Your Veterinary Practice:
With the end of the year fast approaching, it’s a good idea to look ahead and think about when your tax returns will be due the following year. With the holiday season and the start of the new year, it can be very easy to lose track of time and have the tax deadlines come […]
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 […]
On November 5, 2024, the United States elected Donald Trump to lead our country for the next four years. With the Republican party regaining control of the White House, they will look to extend the expiring tax reforms they implemented under the 2017 Tax Cuts and Jobs Act (TCJA). Here is an overview of some […]
Read More… from Tax Outlook after the 2024 Presidential Election
As a veterinarian, your main priority is to care for other people’s loved ones and enhance their future quality of life. It’s rewarding to know your work helps others in their time of need, but It’s also essential to take a step back and invest into your own future and quality of life. Retirement planning […]
Read More… from Veterinary Retirement Planning: Secured Future for You and Your Family
Opening a veterinary practice is a very exciting time for new owners. While galvanizing, the process requires veterinarians to incur copious amounts of expenses before opening the practice doors. This means that you could be personally liable for these expenditures if business bank accounts or loans are not already secured. Thankfully, practice owners can deduct […]
Read More… from The Peak Approach: Expenses Paid Personally for a Start-up/Acquisition
Having worked closely with hundreds of veterinarian clients and business owners here at Granite Peak Associates, we make a point to provide high quality tailored services to allow you to focus more on the animals, and less on the accounting. With this mission in mind, it is important to highlight weekly business transaction review, along […]
Read More… from Tips On Spotting Errors In Your Internal Financial Statements