Although many vets choose to work within a recognized practice as associates, a few choose to venture out on their own. If you decide to build your own practice from the ground up, you need all the advice you can get. Starting any business is a difficult undertaking; however, with careful planning, the process can be quite smooth.
Here are some tips that will come in handy when starting your own vet practice:
Create a business plan
Coming up with a business plan should be the first step when starting any business. Your business plan should detail a variety of topics, including the services that will be offered, size of your operation, funding sources, and marketing plans.
Establish a launch team
You have to secure the services of a professional team before you open a vet clinic. You need an accountant, real estate agent, and financial lender if you want your clinic to start on the right foot.
Acquiring financial backing is an important part of starting any business. Starting a small animal clinic can cost about 1 million dollars to start. This is a substantial investment for most people; this is why many of them prefer to become associates at established clinics.
Although your funding can come from your savings, it might not be that easy to raise the capital on your own. The unprecedented rate at which student debts are growing makes it impossible for most young vets to self-fund. Other sources of funding that you should consider are friends, family, angel investors, and fundraising sites.
Find a location for your clinic
Will you open a practice in an existing building or build your own facility? Each of these options has its own benefits and drawbacks. You also need to decide whether you will buy or lease a location. If you are low on funds, you should consider mobile vet clinics to save on money.
You also have to research noise ordinances as well as any applicable zoning before you consider buying a property. Your client base needs to access your clinic with ease and have sufficient parking space. Hiring a real estate agent to do this for you will save on time.
Obtain licenses and regulatory approvals
Veterinarians need apply for state and federal narcotics licenses for dispensing drugs. Your clinic should also comply with OSHA rules, have a business license, and pay all your state board fees. Specific requirements tend to vary, so you should research those in your area.
Come up with a marketing plan
A marketing plan is an important step in this process. If you know nothing about marketing, you can enlist the help of a professional. However, you should start by naming your business and obtaining a logo.
These will be vital for all building signage, adverts, as well as your website.
You should consider using social media, local magazines, and direct mail to advertise your business.
Buy equipment and supplies
Once you have a location, you should start looking for the tools and supplies that you will need. Your clinic will only become functional once you outfit it with the proper equipment: laboratory instruments, pet supplies, drugs, and pet food.
Figure out how to accept payments
Once you start getting clients, you can ask them to pay using cash. You should also open a business account and ask your clients to write checks that are directly payable to you. Consider getting card processing for veterinarians to make it easier for your clients to pay using credit cards.
Once you start your own practice, make sure that you market it properly to get customers.
Taby G. is a super-connector with Towering SEO and OutreachMama who helps businesses find their audience online through outreach, partnerships, and networking. With over 6 years of writing experience, Taby bring a vast amount of knowledge, style and skill to every project. Her expertise lies in article/blog writing, eBooks, and SEO/informational writing. Copywriting and fiction are the icing of her work with excellent research skills and flawless grammar.