How to step up your business planning for 2021

The beginning of the year is a great time to assess your practice’s business plan—a guiding document that defines the goals of your practice and how you will achieve them. A new resource, available exclusively to AVMA members, simplifies the process.

Download the new AVMA business plan template and start the year with a renewed focus on your practice’s success. Use the template to create your first business plan or enhance an existing one.

A business plan helps you analyze your current situation, identify opportunities, set measurable goals, and develop a focused strategy for success. Because each business has different goals and challenges, writing a business plan isn’t a one-size-fits-all project. That’s why this template can be modified as needed based on the needs of your individual practice. Business plans can be structured and formatted in many ways. Adjust the template as you see fit, and use only those sections that apply to your practice.

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This new template is one of many AVMA tools and resources that simplify financial and back-office operations for even the smallest practice. Go to avma.org/StayCompetitive for a range of other practice management resources, which include:

• Pricing strategy for veterinary practices
• Strategies for maintaining cash flow
• Market share estimator
• Industry-standard chart of accounts
• Utilizing veterinary technicians