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How to Save Your Veterinary Practice Money

Aug 14, 2017

Owning a small business can be costly, and every penny saved can make a huge difference in your year end bottom line. Running a veterinary practice is no exception, and saving money on the day to day expenses of running a business can make a big impact. But what are some ways to save your veterinary practice some money? Let’s look at some easily implemented ideas that could help you save big, or even make additional income.

How to Save Your Veterinary Practice Money

Ways to Increase Income

By adding simple services onto your existing services, you can increase your income as a veterinary practice. By offering services such as grooming you can better serve your clients while also increasing profit. Dog grooming, nail clipping and teeth brushing are all great add ons that both your customers and your bottom line will appreciate. Similarly, offering boarding or “date-night” pet sitting is a creative add-on for most veterinary offices. Most people want to make sure their pets are in great hands when they go out of town, and who is better suited to watch their “fur babies” than a trained professional?

Day to Day Supplies

While increasing income is an important part of running any business, so is cutting expenses. By shopping around for the best prices on office supplies you use every day, you can save your business a significant amount of money over the course of the year. Compare prices on things that get used on a daily basis in your office, such as paper, pens, printers, computers, and other general office supplies. Another great way to cut costs is to negotiate your utilities. Do you use one internet provider simply because they are serving the rest of your building? It would be wise to shop around for different pricing and not pay more just because that is what you’ve always done.

Operating Expenses

Other operating expenses can impact your overall income, such as payroll services, software platforms and even things like waste disposal. By investing in accounting software you can maximize your profits and minimize your costs. Likewise, working with a veterinary waste disposal company can lower your waste expenses while also keeping your office safe and sanitary. In a waste removal for veterinary offices can be a major cost, so working with a local company who has the experience in working with vet offices can help limit that cost.

Running a veterinary practice can be a massive undertaking, and saving money wherever possible is a must. By adding additional services for your clients and by cutting costs you can lower your operating expenses while also increasing profit.

If you’re looking to lower your operating expenses through hiring a waste disposal service for vet offices, get in touch with the professionals at BWS, Inc. today!

 

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