- One Health
- Pain Management
- Oncology
- Geriatric & Palliative Medicine
- Ophthalmology
- Anatomic Pathology
- Poultry Medicine
- Infectious Diseases
- Dermatology
- Theriogenology
- Nutrition
- Animal Welfare
- Radiology
- Internal Medicine
- Small Ruminant
- Cardiology
- Dentistry
- Feline Medicine
- Soft Tissue Surgery
- Urology/Nephrology
- Avian & Exotic
- Preventive Medicine
- Anesthesiology & Pain Management
- Integrative & Holistic Medicine
- Food Animals
- Behavior
- Zoo Medicine
- Toxicology
- Orthopedics
- Emergency & Critical Care
- Equine Medicine
- Pharmacology
- Pediatrics
- Respiratory Medicine
- Shelter Medicine
- Parasitology
- Clinical Pathology
- Virtual Care
- Rehabilitation
- Epidemiology
- Fish Medicine
- Diabetes
- Livestock
- Endocrinology
Starting out a success
Is it possible for a start-up to be profitable from the beginning? If so, how?
Is it possible for a start-up to be profitable from the beginning? If so, how?
For a start-up practice to enjoy positive cash flow right out of the gate, the owners will need three things: an impressive and immediate level of revenue, tight control on expenses, and no debt financing, says Tom McFerson, CPA, an accredited business valuator and a partner with Gatto McFerson in Santa Monica, Calif. Here's how McFerson says a practice could achieve these goals:
- Ahigh-quality marketing campaign coupled with an owner who possesses alarge client following could achieve the revenue requirements.
- Moderation with the facility and accurate staffing could satisfy the expense requirements.
- A large, personal capital investment would help an owner avoid debt financing.
"Is it possible? Yes. Is it probable? No," McFerson says. His advice: "Set a more reasonable four- to six-month goal to get your start-up practice out of the red and into the black."
