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

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

Oct 16, 2009
By dvm360.com staff

3) B–Correct.

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 his or her investment; otherwise, owners would take their 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.

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