Many measures can be used to monitor the success of your veterinary practice. Here are some

• Quality of professional care and attention for clients and patients
• Degree of client satisfaction
• Maintenance of patient health
• Quality of clinical records
• Sound financial performance
• The level of salaries and conditions of employment for all staff members
• Required return on the owners investment in the practice
• Good reputation and respect for clients, patients and staff
• Practice image of which the owners and all concerned are proud

Most practice principals are able to make some subjective judgments about each of these factors but many of them are difficult to measure objectively. Sooner or later the success of the practice will have to be measured financially.

Tax inspectors (agents), bank managers, accountants, prospective incoming partners or purchasers will all wish to be satisfied that, in addition to all the other subjective measures, here is a veterinary business which is financially sound ( from The Business of Veterinary Practice -- John Sheridan and Owen McCafferty, Pergamon Press)

Take a look at these Business and Financial resources