INOVA works with veterinarians who want to improve and grow their practices and maximize their discretionary time. Our mission is to help veterinarians achieve better work-life balance and grow their wealth.
Through consulting, business coaching, and practice management we create systems that maximize profits and practice value and improve the quality of life for all stakeholders. Inova’s vision is to be the best veterinary practice management company on the planet by delivering innovative business management solutions to veterinary practices.
Planning for profit. Your success as the manager of your practice hinges on your ability to manage your one number, profit. In accounting terms, profit is simply the difference between revenue and expenses, i.e., revenue – expenses = profit. In order to manage for profit, you need to develop a ‘profitability plan’ or budget. Begin with the end in mind. Don’t be intimidated by the budgeting process. A budget is simply your goals for the practice in financial terms. The key to this process is having accurate financial statements that you can use to help build your budget. Without accurate financials, your ability to predict is severely limited. To gain insight on enhancing the credibility of your financials, contact us today at (817) 341-5550.