Do you like animals and want to help them? At the same time, do you dream about your own business? Then you should choose for yourself such a direction as a veterinary clinic. Not only people but also animals need medical care. And our smaller brothers receive this help in veterinary clinics.
You can build a business by helping cats, dogs, and rodents. But, as practice shows, more and more citizens have unusual pets (lizards, iguanas). They also need medical care. Therefore, it makes sense to attract an employee who can help exotic species of animals. From this, your profit will only increase. To answer the question of how to start your veterinary clinic, you need to understand the essence of this commercial area, and, most importantly, draw up a business plan of the enterprise with detailed calculations. Opening a clinic for animals is possible in different formats, such as a small veterinary office, a multidisciplinary veterinary clinic. The final option depends on the number of financial resources available to the entrepreneur. Regardless of the type of clinic, you need to develop an approximate veterinary practice business plan.
You can use a sample of the ready-made template from our specialists, which will help to make a list of services and equipment. It gives a 5-year forecast, indicates the profitability of the project. Our veterinary clinic business plan will take into account all your ideas and wishes, help you calculate the cost of launching the project, determine the number of your future patients, describe the seasonality, provide a detailed veterinary finance model, etc.
In the conditions of urban life, where animals live in apartments, do not go outside, quality medicine is needed. This is one that will quickly diagnose the disease, cure the animal in time, as well as perform a series of preventive measures, and tell the owner how to care for the pets. And the development of business in this direction will become an excellent means of generating income for you.
Veterinary Financial Plan Template Will Help You
- Compute a Startup Costs of a Veterinary Clinic
- Make a complaint, 5-year Cost Assumptions Plan
- Simulate area population and its growth over 5 years
- Set percentage of the suffering of disease people
- Determine the percentage of sick people
- Plan the number of visits for each type of treatment per year
- Define the number of patients as the proportion of sick people
- Outline visits seasonality
- Outline patients acquisition seasonality
- Choose one of 161 currencies for settlements
Benefits of using a Veterinary Financial Plan Excel Template
Simple and Incredibly Practical
Simple-to-use yet very sophisticated financial planning tool. Whatever size and stage of development your business is, with minimal planning experience and very basic knowledge of Excel you can get complete and reliable results. Additionally, you will receive uncompromised after-sales service and access to valuable tutorial videos and blog posts.
Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.
Convenient, All-In-One Dashboard
Includes all required forecasting reports, including assumptions, profit and loss accounts (income statements), cash flow projections & statements, balance sheets, performance reviews and summaries for months and years (incl. numerous graphs and KPIs).
Service Area Population-based
Most likely your clinic will provide services for a specific area. So, why don’t you use the population number living there in your forecast? Input population starting point and assume for population growth for the next 5 years.
This the is your target market to deliver your treatments.
Treatments & Patients
I bet you have more than one treatment…the template will help you organize up to 5 disease to analyze which treatments will you provide and the percentage of your population needs this kind of Treatment.
This way you estimate how many people in your service market suffer from a disease from your list.
Most diseases are chronic therefore you have may assume for repeat visit over the year for the average patient. Entre average visits per patient per year here to count overall visits for a specific treatment kind.
Finally by entering a price per visit you will get a revenue forecast.
Build your plan and pitch for funding
Impress bankers and investors with a proven, solid financial model that impresses every time.
Veterinary Financial Plan Template Reports
A very sophisticated financial planning tool, whatever size and stage of development your business is. Minimal previous planning experience and very basic knowledge of Excel is required: however, fully sufficient to get quick and reliable results.
consists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
Operational performance graphs
Here you may visually track your key performance indicators in the form of charts.
Loan Amortization Schedule
You can find this in the “Capital” tab, where you can see internal calculations of the loans, interest, and equity.
Top Revenue Category Report
It always happens in retail that some products sell better than others, some bring more profit, others less, and some bring nothing at all. In a Grocery shop, where you have to work with goods with a short shelf life, it is very important to monitor the indicator of the cost of sales in the context of goods. The report is built for 5 products (or product categories) but if you wish, you can expand it yourself or with our professional help. Top revenue, revenue depth, and revenue bridge are reflected here.
It shows the owner and investors where the funds have been invested, what property the business has, what obligations it has and the value of the company as a whole.
Profit and Loss Statement
It indicates how much an enterprise earns, its income and expenses and its ability to gain money.
Cash Flow Statement
It is one of the most important reports because the main goal of each business is to generate cash flow. It shows how much you have consolidated money, how much is not enough when you need to attract additional financing.
with just a few rate inputs in the Cost of Capital, we have a Discounted Cash Flow valuation calculated.
This tab displays your 4 biggest expense categories and the rest of the expenses as the “other”.
Comparison of performance indicators in the model and in the industry.
Great Value for Money
Use a robust and proven financial model based on years of experience at an affordable price. This template has a one-off payment of $79 and absolutely no hidden fees or monthly payments. Your other options? Hiring an financial analyst and pay starting from $30 per hour up to hundreds.