Blueprint for Building Your Veterinary Practice: Financing, Location, Design & Construction

Starting or expanding a veterinary practice can be daunting, especially for associates wanting to own their own business or established doctors who are trying to find the time to plan to expand into a new location! Participants will gain valuable insights into the unique challenges of designing a veterinary hospital, the critical role of location in practice success and of course the need to learn about veterinary tailored financing! With a focus on practical strategies and expert advice, this session aims to equip attendees with the knowledge and skills necessary to build and manage a successful and fulfilling veterinary practice guided by your local industry experts!

Topics to be discussed:

1. Financing | Let’s get your financials in order! Know your options, groom your financials, know your budget, and build your dream team. Tools of how to manage your student loans and personal debts while starting a new practice will be a major takeaway.
2. Location, Location, Location | Understanding the demographics, lease negotiation guidance, landlord concessions and learning about real estate options available to lease, buy or build.
3. Design | Design options for your dream space, main pitfalls of not being prepared, and discussing the synergy between practice design, location and staff personality.
4. Construction| How to approach building a new hospital and the importance of the right contractor, collaboration between the right specialized construction, equipment, and lending team for a smooth build out. Understanding financial budgets, tenant improvements and project management.

Objective # 1
Developing a Financial Plan- Preparing the financials is a critical stage in the process of starting or expanding a practice, since it is the financial foundation of the project. Understanding how to prepare financially, knowing the lending options, and creating construction, equipment and working capital budgets is key.
Objective #2
Understand the fundamentals of starting or expanding your practice – gain a comprehensive overview of the process involved in starting your practice, including initial considerations and learning where to begin.
Objective # 3
Design an efficient veterinary hospital – Learn key principles for designing a functional and an efficient facility, including layout considerations equipment needs and knowing the team that can help with this part of the project.
Objective # 4
Evaluating and selecting optimal practice location: Develop skills to assess and choose the best location for your practice, including understanding market dynamics and geographic considerations.