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Business Development

Strategic Planning and Budgeting

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.

Veterinary Best Practice
503-648-7777

jan@veterinarybestpractice.com

Human Resource Assistance

Outside of clinical activities, human resource management probably consumes the greatest amount of your time and energy. And, as we all know, it can be a very stressful area. Recruiting and retaining good staff is absolutely essential to growing a practice and increasing revenue.

The high cost of employee turnover is talked about often and cannot be emphasized enough. The greatest threat to your business is the loss of continuity in services and the institutional memory and momentum that naturally follows long time employees.

Employee turnover is the silent killer of business productivity and growth.

Although working with people will always be challenging and rewarding, there are tools to help reduce some of the stress involved. Veterinary Best Practice will help you establish policies and processes that will assist you in retaining qualified staff. And, if needed, help you with letting poor performers go. We will coach you on effective recruiting and interviewing techniques. (back)

Personnel manuals - job descriptions - performance appraisals - counseling - interviewing - raises - terminations

Veterinary Best Practice
503-648-7777

jan@veterinarybestpractice.com

Crisis Management and Growth Strategies

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)

Veterinary Best Practice
503-648-7777

jan@veterinarybestpractice.com

  New Practice Start Up Support

We know that most of you have never started a business before. The excitement of owning and managing your own practice can quickly fall away when you begin the process and suddenly realize you don't know where to start and how to stage your tasks.

We help you from start to finish, or with any of the steps in between.  Some of the tasks we help you with include:

Developing your business plan
Developing a realistic operating budget
Helping you with templates for ordering supplies and equipment
Coaching you about how to hire employees
Developing a fee schedule designed to cover the unique financial characteristics of your practice