A recent PetSmart Charities-Gallup study revealed that over half of U.S. pet owners have skipped or declined necessary veterinary care; 70 percent of those owners cited affordability as the primary reason, regardless of income level. In fact, a third of households earning over $90,000 still reported forgoing care due to cost concerns. This highlights a […]
Read More… from From Cost to Care: Practical Ways Vets Can Help Clients Navigate Finances
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 the year winds down, it’s a good time for veterinary practices to review and reinforce their Health and Safety Programs. These programs are essential for protecting employees and clients and ensuring compliance with OSHA standards. Following OSHA protocols, especially maintaining Forms 300 and 301, is mandatory for small businesses with ten or more employees. […]
Read More… from When Was the Last Time You Reviewed Your Health and Safety Programs?
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
In the ever-changing competitive and demanding environment of veterinary medicine, a solid operational foundation is fundamental. From a business development standpoint, a solid operational foundation makes it easier to scale your practice as it grows. With clear processes and documentation, new branches or additional services can easily be added without disrupting the existing operations. Clear […]
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