Dental and Medical Counsel Blog

A Complete Checklist for a Veterinary Practice Startup

September 7, 2022
veterinary startup

If you are thinking about building your own veterinary practice from scratch, you are probably excited to be a new business owner. At the same time, there are a lot of challenges that come with building a veterinary practice. As one would imagine, you want your practice to be a reflection of you and your values. It should look and feel the way you want it to be, but what do you need to do if you want your practice to be successful? Take a look at our new veterinary practice checklist below, and put your practice in the best position possible to succeed.

Formulate a Strong Business Plan

First, you need to formulate a strong business plan. This is one of the most important parts of a new veterinary practice checklist, and there are a lot of factors you should consider. Where do you want your practice to be? Who do you want to hire to be a part of your team? How many patients do you think you will need to take care of? How many hours are you going to work? What is your marketing strategy going to be? When you go to vet school, you learn about the most important things you need to do to take care of animals, but do you really learn what you need to if you want to be a private practice owner? You may want to find a mentor near you who can help you answer some of the questions above.

Think About the Financing Process

Going to vet school can be very expensive, and you might not have a lot of capital available to open your practice. At the same time, you need money if you want to rent or purchase a building, purchase the necessary equipment, and hire the staff members you need. It may be prudent to get pre-approved from a vet lender in the local area. This is important because it will give you a budget with which to work. You can decide if you want to buy an existing practice or build a new office. There are a lot of vet lenders we have connections with, so work with our team if you are looking for financing in the local area. It would be our pleasure to take some of the stress off of your shoulders.

The Location Must Be Solid

There is a saying that the three most important factors in real estate are location, location, and location. You want your practice to be in a location that is easy for other people to get to, but you don't want to bring on more competition unnecessarily. This means you need to think about the locations of the other veterinary practices in the area, and you need to think about your patient population as well. Your business is an investment, and the property your business owns is a major part of that investment. Think about whether you have the additional capital necessary to purchase office space. Or, you may be more comfortable renting office space instead. 

Lastly, and perhaps most importantly of all, you may want to live in the area where you are practicing in! It may sound like common sense but sometimes people get caught up in the minutiae of where they should set up by focusing on demographic studies but not also focusing on whether this is a place where they want to live and raise a family.  

Develop the Essential Components of Your Marketing Plan

You may have the best veterinarians in the world working in your office, but if nobody knows about them, your practice will have a difficult time staying open. That is why you need to think about your marketing plan as well. Today, most people use the internet if they are looking for services they require. This includes people who are looking for a local veterinarian. You must have an effective internet marketing strategy that includes a wide variety of components. You need to think about search engine optimization, pay-per-click marketing, social media marketing, and email marketing. Then, you need all of these resources to work together, pointing people to your website. That way, they will know how to get in contact with you to schedule an appointment. You may want to reach out to a professional digital marketing firm that can help you formulate a strong marketing plan.

Hire Your Team Members

Finally, you need to think about who you want to hire to be a part of your team as well. You might want to have someone who works the front desk. That way, you can focus on your patience and you don't need to worry about scheduling, moving, or canceling appointments. You may also want to hire a nurse that can help you take care of some of the clerical work in the back. You should think about the type of people you want to hire, the essential qualifications you are looking for, and how much money you need to pay them. You should also think about the prospects of expansion in the future.

Contact Dental & Medical Counsel for Help With Your Veterinary Practice

Because there are a lot of factors involved in building your own vet practice, you need to make sure you dot your i’s and cross your t’s. That is why our new veterinary practice checklist is so important. We are Dental & Medical Counsel, and we can help you if you are looking for a veterinary lawyer near me. We have already worked with vets of all backgrounds, and a veterinary lawyer from our office would love to help you build a new practice. If you would like to learn more about how we can help you build your vet practice, contact us today to talk to our team!

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