An operating budget and strategic plan are the backbones of a business. Achieving success without a plan is possible, but it's dangerous and rare.
What are the advantages of planning to your practice?
1. A strategic plan adds cash to the bottom line. Studies have shown that businesses who operate with a strategic plan typically increase revenue by 10-12%.
2. Strategic planning helps you to put boundaries on your business. When you focus on what is truly important, what contributes to your core mission, your use your resources more efficiently and effectively.
3. A strategic plan advances your business. Your plan is your road map to achieving the vision you have for your practice and helps you simplify day-to-day decisions.
4. Everyone on the team is pulling in the same direction because they know where they're going.
Developing an annual operating budget goes hand-in-hand with strategic planning. There is no reason why you do not know, within a few percentage points, every year exactly how much you will generate in revenue and what it will cost to run your business. Financially speaking, managing a business should not be a surprise.
The most common reason we are called to help.
We will help you understand why you're struggling and provide recommendations and support to turn your business around. From record keeping to inventory management to evaluation of your fee schedule, we help improve your financial situation by teaching you those fundamental business practices they don't teach you in veterinary school.
When you are back on track we provide management reports and tools to keep you on track and allow you to be proactive so you can head off little problems before they become big ones. (Return to home page)