Finance

Finance

Finance

Advice and resources around the costs of running a practice, payment plans and talking money with clients.

January 2025

The right accountant is vital the success of your business. Beyond managing finances, a skilled accountant offers strategic advice and helps detect fraud – which means the right person can be worth their weight in gold…

20 mins

Poor profitability is one of the biggest threats facing any veterinary practice – especially start-ups. But Alan Robinson a balanced scorecard approach can provide the kind of comprehensive framework needed for tracking key performance metrics to ensure your new practice thrives…

27 mins

Signing up with a breakdown cover provider is probably not at the top of many “to do” lists for people about to take the step into practice ownership. But for Leigh-Anne Brown at Vets for Pets in Harrogate, joining the AA proved to be a decisive step in the journey, as VBJ discovered…

27 mins

December 2024

Increasing the sustainability and lessening the negative environmental impacts of veterinary practice has become one of the key challenges facing the sector. Fiona Farmer explains how overcoming that issue takes time, but making smarter choices certainly accelerates the process…

15 mins

One of the key issues exposed by the ongoing CMA investigation into the small animal veterinary sector is the fractured relationships between many pet owners and their practices. Against this backdrop, Oli Viner says it is vital veterinary businesses find innovative ways to make their service offering more transparent and showcase their true value to clients…

44 mins

Hello Vet in Hackney opened for business earlier this year with a promise to make accessing veterinary care a more transparent process for pet owners. To see if the practice is delivering on that promise, VBJ headed to east London to meet the team…

35 mins

November 2024

Business rates have been around for centuries and they have been disliked by those who have to pay them for just as long. But, with the correct advice, Adam Bernstein says there are ways to reduce this burden on your business or even remove it all together…

27 mins

It is often said that money makes the world go round – just not in most veterinary practices. A lot of vets don’t like talking about it and clients don’t always like handing it over, but there are ways of using tech that can ease this friction, as Oli Viner explains…

31 mins

It takes a certain kind of person to work as a vet on a small Scottish island. Charlotte Clough is that kind of person, however, and that kind of vet, as VBJ discovered when we caught up with her last month…

26 mins

October 2024

Orthopaedic Vet near Derby was founded less than a year ago by two experienced surgeons who wanted to branch out on their own. But has their decision to enter the highly competitive referral market paid off or have principal owners Karl Underhill and Bart Hendrickx gone out on a limb? VBJ paid a visit to find out…

30 mins

With the corporate “buying bubble” now burst and a Competition and Markets Authority investigation underway, it might not seem the ideal time to be selling a vet practice. But Vicky Robinson says it’s not all doom and gloom for those looking to sell, and good deals can still be done if you know where to look…

18 mins

SPVS junior vice-president Ami Sawran outlines the importance of collaboration and how strong networks have helped turbocharge her veterinary career…

12 mins

There has never been a better time to look at how your practice can offer the best for older pets. With demand levelling off as the spike caused by the COVID-19 puppy boom passes through the system, every practice should be rolling out the red carpet for their golden oldies, says Graham Lewis…

19 mins

September 2024

When setting up a big new referral centre it is important to make the right kind of impact, so getting the community behind the project is of vital importance. Hospital director Julie Davis explained how Blaise Veterinary Referral Hospital in Birmingham has become a shining light in its first year, all thanks to people power…

37 mins

A healthy culture boosts employee retention, reduces staff turnover, enhances productivity, and supports recruitment. But just how healthy is your practice culture and how can you make it better? Rebecca Robinson explains…

23 mins

Budget is king when it comes to any building project – no more so than when the project in question happens to be a new veterinary practice. The physical and regulatory complication of these buildings means informed decisions must be made at every stage if the money isn’t to run out before the doors open…

20 mins

August 2024

Conventional pay-per-service veterinary models are struggling to keep pace with the demands of accessible and affordable healthcare. Subscription models are seen by many new practices as the solution for pet owners looking to provide comprehensive care for their pets while keeping costs in check...

4 mins

The route to running your practice efficiently while increasing profitability could be right at your fingertips. Practice management systems can often be overlooked but, in the right hands, they have the potential to transform your business…

23 mins

From premises, staffing issues and dealing with local competition to regulatory matters and HMRC, there’s much to think about when running a practice. But one source of worry for many, understandably, is how to keep the financial plates spinning and, in particular, where to source the funding necessary to keep the doors open…

25 mins

July 2024

No more important time exists in the life cycle of a veterinary practice than the first year of trading. Here, independent practice owner Helen Simmons shares her insights on how to get your practice off to a flying start…

31 mins