Cash is king whether it’s coming or going. You should explore all the ways to persevere and succeed during tough times, from negotiating with vendors and lenders to training and trusting your team.
The investment program you and your employees participate in might not be the same one everyone turns to when it’s time to step away from the practice.
Practice owners, just like their staff, deserve fair compensation. Revenue is key, of course, but you can increase it by regularly adjusting your fee schedules and eliminating giveaways.
Missed charges can cost a veterinary practice tens of thousands of dollars a year. Using audits, better protocols and safety nets will help you keep more of what you truly earned.
Five to seven years out is the time to begin prepping your practice for a transition and thinking about what you will do in the next chapter of your life.
