Driving Financial Success
The primary definition of financial success in a veterinary practice is profitability. Understanding how it is calculated and what your practice's profit margin is is the first step to driving success. Identifying components of pet care you are passionate about is next; this is what you should focus on to increase revenue. Reducing expenses and improving efficiency are also key.
- Define profitability and it's impact on financial success
- Identify key revenue drivers
- Assess areas in which efficiency and productivity can be improved