Partial budgets

Authors

  • Brandon Scharping Lena Veterinary Clinic Lena, IL 61048

DOI:

https://doi.org/10.21423/aabppro20249003

Keywords:

budget, revenue, costs, risk

Abstract

Utilizing partial budgets can assist veterinarians in making business decisions. It is important for the financial health of a veterinary practice to look at expanding services and thinking critically when purchasing equipment.

This presentation aims to equip veterinarians with the knowl­edge on how to create a partial budget, calculate a break-even point, develop a timeline for implementing a new service, and how to conduct a sensitivity analysis to assess risk.

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Published

2024-05-14

Issue

Section

Practice Management Sessions