Hello,
If you have paid attention to the state of the economy, you have probably noticed it is getting more and more difficult to be in the veterinary practice in the last few years.
I’m sure you’ve felt the strain…
On top of working longer hours, and losing employees to competitors, you have to stress about the financial side of your business with little, to no help.
As a CPA that has worked with veterinarians, I understand the struggles you are facing, and the drain that you feel daily.
When I first started working with my clients, I started noticing that they were paying their employees more than they were making.
They said that is just how it is done, because they have the profit at the end of the year for a bonus.
That led me to looking at the year-end “profit” they were hyper-focused on.
Do you know what I saw? Considering the hours they worked, the salary they paid themselves, and the “profit” they love, they were STILL taking home less than their associates per hour.
This led me to stop focusing on being a generalist, and focus almost exclusively on the area I was passionate about, helping veterinary practice owner-operators like you.
Don’t get me wrong, most accountants are generalists, and they can do a fine job.
The problem is, they don’t have the drive, passion, or the training, to understand the unique challenges you are facing.
Through all the veterinary practices I’ve worked with, I’ve discovered 10 financial mistakes that most owner-operators have in common.
The problem I run into is most veterinary practices don’t even know they’re making one, or more, of these business-killing problems…
That is why I decided to write my latest book…