BizQuiz: What can a manager do for you? - Veterinary Economics
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BizQuiz: What can a manager do for you?

VETERINARY ECONOMICS

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Do you have a practice manager? If so, your practice is already reaping the many rewards. But if not, you may be surprised how much a manager can help ease day-to-day operations and improve profitability. Take this quiz to see if you can spot the benefits.

1) On average, how many hours a week of a practice owner's time can a manager save?

A: Eight hours
B: 12 hours
C: 15 hours

2) How much can a manager increase your gross revenue?

A: About 50 percent more revenue
B: About double the revenue
C: About triple the revenue

3) How much does a practice lose per hour if a veterinarian owner spends time on managerial duties instead of practicing medicine?

A: $67
B: $84
C: $122

4) Hiring a practice manager means …

A: You'll never have to make a business decision again.
B: You should still keep some of the decision-making for yourself.
C: You should watch every decision he or she makes carefully to ensure things are being done correctly.

5) Which statement is true regarding who you should hire?

A: Never hire someone internally from your practice; only hire practice managers with experience.
B: Never hire someone internally from your practice; current employees will not be effective because other employees will not accept them as a leader.
C: It's fine to hire someone internally from your practice.

6) When you first hire a manager, how long does it take before he or she can completely take the reins?

A: About six to seven months
B: About two or three months
C: A couple of weeks


All finished? Check out the links below for even more advice.

DVM360’s Managers’ Center

"I save the owner 25 hours a week—and then some."

Manager continues to save practice owner time and money

Hiring a practice manager is profitable

5 ways a veterinary practice manager can help

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Source: VETERINARY ECONOMICS,
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