10 Questions to Ask Yourself Before Adding an Associate

If you aren’t able to perform treatment in a timely fashion or don’t have availability for new referrals to come in, you may decide hiring a new associate is the only way for your practice to grow while providing the same level of service and care that you have in the past.

If there are internal problems that may be inhibiting your practice’s ability to handle growth, these should be addressed before bringing on a new veterinary associate. It may be in your best interest to invest in the expertise of a professional who can evaluate your practice efficiency as it is often difficult for business owners to recognize issues when they are right in the midst of everything. By conducting an evaluation, you may find that all your practice really needs is another registered technician, a practice manager or several veterinary assistants who will enable you to see one or two more patients per hour.

The pursuit of work-life balance is a valid reason to bring on a new veterinarian. However, the goal of working less while still bringing in the same income presents its own set of challenges. Chances are you have more than enough patients for yourself but not enough for two. In this case, you will need to determine whether you are willing to sacrifice some of your own income in return for more time away from the practice or how you will bring in enough additional patients to make up the difference. Keep in mind that since you already have a number of fixed costs in your practice, the additional dollars earned by the associate actually cost less to produce.

You need a strategy for business transition that makes sense for your patients and your financial future. Having an associate with skin in the game allows you a couple of years to slow down, save more money, add extended hours for your patients and prepare your new associate to take over the practice.