A veterinary practice, like any professional organisation, is a complex balance between offering a professional service and that of running a business to maximise profit. Over the past few years there has been strong growth of veterinary practices, with a trend away from large animals, which has helped many veterinary practices view themselves as more of a business than a profession. This trend has occurred at the same time as an increased demand from the public in terms of standards of service and care for their various loved pets and this has been evidenced by the increase in number of veterinary hospitals, offering levels of service more in line with the medical profession.
Through years of service to the veterinary profession, we have accumulated a wealth of experience in dealing with issues uniquely to them such as:
- How to grow a veterinary practice.
- How to maximise net profit.
- How to structure veterinary practice to minimise tax liabilities and risk.
- The importance of creating an organisation structure which is capable of succession, which is probably the biggest potential problem facing any veterinary practice at the moment.
Whatever your business structure, we can help you increase your profitability and help you to achieve a position where the partners in the veterinary practice have an exit strategy, enabling them to retire and the business to still carry on.
Contact us today for more details, 01237 472332