Tom McFerson, CPA, ABV

Tom McFerson, CPA, ABV, is partner at the veterinary accounting firm Gatto McFerson in Santa Monica, Calif.

Articles by Tom McFerson, CPA, ABV

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Opening your own practice takes courage and vision. And keeping it open requires profits. Tilt the odds for financial success in your favor by answering these six key questions about your new venture.

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I own a small practice, and 2 percent to 4 percent of the gross won't support a manager. So how can I get the necessary help for such issues as personnel, financial, and facilities management?

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I know that an associate veterinarian who's juggling a hectic schedule, a crazy personal life, and pressure-packed workdays can easily get lost in the minutia of the moment. Before you realize it, weeks, months, and even years can float by. At the same time, critical decisions?about your career, your cash flow, and your potential?can get pushed to the back burner, or worse, never even considered.