strategies for success
Building smaller means you can redirect the time and effort you would have put into running a big operation and instead put that into having the lifestyle you want.
Building smaller works for both start-ups and renovations. In both cases the goal is to increase capacity (i.e. the number of exam rooms) while not letting the facility size, and the construction costs balloon to a point where the project becomes unfeasible.
Building smaller reduces overhead costs and gives you more net profit. If you look around you can find small practices that are grossing well in excess of a million dollars a year. And these same practices are netting significantly more per square foot than the big guys.
This then frees up more money for staff, doctors, new medical “toys” and technology, and finally more money that you can take home.
Building smaller means that you and your staff work smarter and are more productive because the workflow and workspaces are more efficiently grouped together, reducing distances traveled.
Building smaller also means you can build a small niche practice located in a growing and vibrant urban center filled with millennials and their pets. Being smaller and smarter, you will have the added bonus of being able to find and fit in the odd-ball and undervalued lease space.
Building smaller puts you out ahead of the corporate clinics, because they can’t move beyond the status-quo.
This is why building smaller makes sense.
A veterinarian I visited recently bought a small practice in a mountain town and beside a river… pretty idyllic from my point of view! Every veterinarian has the opportunity to build a practice that reflects their priorities. For some a big facility is important, but for many their goal is to have a small, unique clinic. If you want to learn more about how you might build a clinic that reflects your priorities, Click Here.