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, and voice your thoughts on practice managers on our free community message board.

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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