Preparation is key when starting a veterinary clinic.
After you’ve done your research, established goals, developed your business plan, and obtained financing, you can proceed with the next steps in this exciting journey! Follow tips 7-10 in Part 2 of our blog series, and ensure your veterinary startup is a success story. Want a refresher? Review tips 1-6 from Part 1.
7. Finding the Right Location for Your Veterinary Clinic
Every realtor will say it, but it bears repeating: clinic location is everything! For a veterinary practice startup, an optimal location can mean the difference between a revolving door of customers and a ghost town. So, when searching for and securing a veterinary office space, here are some things to ask yourself:
8. Negotiating the Veterinary Office Lease Agreement
Consider the veterinary office lease as one of the most important and expensive contacts you will ever sign in your career. The lease is a tool that can help facilitate the success of your clinic by providing protection and flexibility – or, can be destructive, contributing to the demise of your clinic. The following are some important considerations in the veterinary office lease agreement:
These are just some of the unpleasant issues that can be avoided with a well-written veterinary office lease agreement. It’s recommended to seek out professional veterinary office lease negotiators like Cirrus to review the details of your lease to ensure you’re signing off on one that will help you flourish, not close your doors.
9. Veterinary Clients are a Virtue
Whether you’re a mid-career vet branching out on your own, or you’re opening a veterinary clinic at the beginning of your career, you will need to attract new clients. You don’t have to be a marketing wiz to drum up buzz and interest in your practice; there are many ways to attract new customers:
10. Stick to Your Budget!
Your business plan should include a proposed budget for every facet of your practice development, including operational costs, ancillary support services, veterinary equipment, office rent, insurance payments, etc. Every financial or business decision you make should take into consideration this budget, and the overall impact that any expense will have on your bottom line. It can be tempting to spend lavishly on the finest tools, supplies, a premium clinic space, etc., but exceeding one area of your budget means you will either have to cut back elsewhere, or increase your revenue. As a new veterinary practice owner, it’s difficult to achieve the latter, so you will likely need to sacrifice somewhere. If you stray from your budget, it will be hard to find your way back, and unfortunately some clinics never recover. Frugal or conservative budgeting is never a bad idea for a veterinary startup.
If you’re ready to embark on an exciting new journey and become the owner of your very own veterinary clinic, then Cirrus has got you covered! To find out how we can help negotiate the best lease possible for you, with fair and affordable financial terms, call us at 1.800.459.3413, today. We can also refer you to members of our intricate network of animal health professionals to help get you the business support you need for your exciting new venture as a clinic owner.
Preparation is key when starting a veterinary clinic. Ensure you do your research and establish your goals before you start looking into location, funding or marketing. Click here to read Part 1 of our “10 Tips for Starting a Veterinary Clinic” blog series.
Click here to download Cirrus’ Veterinary Practice Startup Guide or the New Veterinary Clinic Checklist – two helpful guides to help you build a veterinary clinic.
Questions about starting a clinic or upcoming negotiation?
Schedule your personalized consultation with a lease expert today!