Veterinary Clinic – How to start one Successfully

February 21, 2019 Hansie Britz

                           

Why start a Veterinary Clinic?

Veterinary clinics exist to serve the medical needs for various animals such as dogs, cats, birds, fish and so on. A veterinary clinic is a very lucrative business as there will always be pets to care for. This industry is one that includes establishments of licensed veterinary practitioners who do not only provide medical care but also dental and surgical treatments for pets or animals. This industry also includes establishments such as laboratories that provide diagnostic testing services for the establishment of veterinary practices.

It has been projected that in the coming years, more pet owners will be able to afford costly procedures such as surgery for their pets, especially as more pet owners were purchasing pet health insurance. Also, veterinary clinics are likely to receive a boost as pets are starting to live longer which means more trips to the clinics.

                                  

To ensure that your veterinary clinic start up is a success story follow these tips and be on your way to building a thriving veterinary clinic/animal hospital:

1. Research

Like any major life decision, it’s good to know what you’re getting yourself into – Are you ready to be the boss? Are you fully aware of the financial and legal obligations involved in starting a veterinary clinic?

2. Develop a airtight business plan

You should think of a business plan as your road map to success, and the framework for your entire clinic – and this will also help to secure lenders for your business. If you are unsure of how to do this and develop a professional business plan rather obtain and use the services of a professional and experienced business plan consultant.

3. Determine your resource needs

One of the more challenging aspects of running your animal hospital/clinic is anticipating its needs before you open your doors. Some new clinics fail by taking on too much too quickly, so it’s best to start slow and build your animal practice as it expands naturally.

4. Funding required

Obtaining financing isn’t usually a problem for veterinarians for one simple reason: veterinarians are a good investment and banks/investors consider veterinary clinic/ animal hospitals low risk educated borrowers. This knowledge gives you leverage with lenders, so shop around for the best terms for your loan.

5. Finding the right location

For a veterinary practice start up, an optimal location can mean the difference between a revolving door of customers and a ghost town. So, when searching for and securing a suitable veterinary office space, make sure that you consider all the factors of having the right location i.e. foot traffic, target market, competitors, accessibility to clients etc.

6. Stick to your budget

Your business plan should include a proposed budget for every facet of your veterinary practice development including operational cost, ancillary support services, veterinary equipment, office rent, insurance payments etc.

IF YOU READY TO EMBARK ON AN EXCITING NEW JOURNEY AND BECOME THE OWNER OF YOUR OWN PROFITABLE VETERINARY CLINIC/ ANIMAL HOSPITAL WE CAN HELP YOU AND HAVE YOU COVERED. CONTACT US NOW FOR PROFESSIONAL HELP AT – (27)84 583 3143 OR email – money@global.co.za