10 Pain Points That Put Veterinary Practices Out Of Business

Are you concerned that you may be making serious mistakes when managing your veterinary practice? As a veterinary practice owner, you are responsible for making numerous financial decisions each week, including accounting, taxes, payroll, banking, and more. It can be challenging to determine the best course of action and make sound decisions that will benefit your business. We speak with veterinarians throughout the United States every week who are exceptional at providing top-quality patient care but struggle with the business side of their practice. If this sounds familiar, rest assured that it's not your fault. As a veterinarian, you have devoted over 10,000 hours to perfecting your craft and delivering exceptional care to your patients. However, you may have received limited education and training on how to grow a profitable business. Through our research, we've found that more than 90% of veterinary practice owners make 10 common financial mistakes when running their businesses. The worst part is that even a single mistake can cause you to work harder than necessary and earn far less profit than you should. Fortunately, all of these mistakes can be corrected with the right guidance, saving you valuable time and thousands of dollars. In this guide, we'll discuss the ten most significant financial mistakes made by veterinarians and provide you with actionable solutions that you can implement immediately.