Too
many practices continue on, year after year, with marginal
profitability.
Where income to the owner in the $600,000 dollar practice
should be in excess of $200,000, often only incomes of $100,000
to $150,000 are realized.
35% Owner Compensation
To
earn less than shown below is a failure to understand the
essential rudiments of practice management. $600,000 plus
is easily managed by busy solo practices who know how to find,
train and leverage their staff.
| Practice Gross |
20% Compensation
As Veterinarian |
Compensation
For Mgmt 5% |
Net Profit
10% |
Available
Compensation |
| |
|
|
|
|
| $400,000 |
$80,000 |
$20,000 |
$40,000 |
$140,000 |
| |
|
|
|
|
| $500,000 |
$100,000 |
$25,000 |
$50,000 |
$175,000 |
| |
|
|
|
|
| $600,000 |
$120,000 |
$30,000 |
$60,000 |
$210,000 |
| |
|
|
|
|
| $700,000 |
$140,000 |
$35,000 |
$70,000 |
$245,000 |
| |
|
|
|
|
Note: While
this is a guide for he solo practitioner, the column "20%
Compensation As Veterinarian" applies equally well to
productive associates in multi-doctor practices.
Our
consultation fees are based on your success.
If we
accept you for consultation, it means that we KNOW
that you are capable of earning MORE!
PAY AS YOU PROFIT is
our win-win strategy.
Our
fees are paid only as a small fraction of your increased productivity.
If
more profits are your need, please contact us at 800-292-7995
or vethelp2@optimum.net
|
3
Rules 
