BizQuiz: Where does the money go? (Answer 3a)

BizQuiz: Where does the money go? (Answer 3a)

Oct 16, 2009
By dvm360.com staff

3) A–Incorrect.

A minimum of 10 percent of the revenue generated, or $100,000 if the practice grosses $1 million a year, should go to the business owner since he assumes financial risks that no one else in the practice does. As an investor in the business, the owner needs to see a fair return on the investment; otherwise, he or she would take the investment money elsewhere. And, of course, if all veterinary practice owners took their investment money and ran, there wouldn't be any veterinary offices or veterinary-related jobs.

Return to quiz

Hot topics on dvm360

Vetcetera: The complex topic of canine fear-related aggression

A guided tour of resources for addressing this popular and complicated subject, featuring advice from Dr. John Ciribassi.

Reality TV and the veterinarian: Discussing mainstream dog training advice with clients

Your clients may be getting behavior advice from cable TV. Get your opinion in the mix.

Blog: Election results pose obstacles for veterinary prescription law

Flip in U.S. Senate's majority may slow progress of Fairness to Pet Owners Act.

The war between shelters, veterinarians needs to end

Despite practitioners’ legitimate gripes, they’re hurting themselves.

7 steps to a better relationship between veterinarians and rescue groups

A DVM in the city shares his advice to veterinary practices for working with rescues.