Chapter 3: How can I determine my practice's true profitability?

Speaker: Karen E. Felsted, CPA, MS, DVM, CVPM, the CEO of the National Commission on Veterinary Economic Issues

In this video, Dr. Felsted discusses how to determine your practice’s true level of profitability. You’ll learn about:

• Profit vs. profit margin

• Taxable income vs. profitability

• The effect of practice entity type

This is Chapter 3 of a seven-part video series.

Want to test your knowledge? Take the dvm360 BizQuiz: Do you know enough about your practice's profitability and value?

The full series

Chapter 1: Is your practice as profitable as you think?

Chapter 2: What is the buyer buying?

Chapter 3: How can I determine my practice’s true profitability?

Chapter 4: What common items must be adjusted?

Chapter 5: What’s a good level of profitability?

Chapter 6: What resources can help me calculate profitability?

Chapter 7: Think you might have a No-Lo Practice?

BizQuiz: Do you know enough about your practice's profitability and value?