Speaker: Karen E. Felsted, CPA, MS, DVM, CVPM, the CEO of the National Commission on Veterinary Economic Issues

In this video, Dr. Felsted discusses what to do if you think you have a practice with no or low value, commonly called a No-Lo Practice. You’ll learn how to:
• Take action if you think you have a No-Lo Practice
• Determine if revenue or expense is the source of the problem
• Find additional help

This is Chapter 7 of a seven-part video series.

Want to test your knowledge? Take the dvm360 BizQuiz: Do you know enough about your practice's profitability and value?

The full series
Chapter 1: Is your practice as profitable as you think?
Chapter 2: What is the buyer buying?
Chapter 3: How can I determine my practice’s true profitability?
Chapter 4: What common items must be adjusted?
Chapter 5: What’s a good level of profitability?
Chapter 6: What resources can help me calculate profitability?
Chapter 7: Think you might have a No-Lo Practice?
BizQuiz: Do you know enough about your practice's profitability and value?