Should you conduct a feasibility study, even when you have been practicing for years?

Consider the following questions to help you see why it should matter!

• Have you seen changes in the neighbourhood of your practice?
• Do you want more clients?
• Have your associates asked for partnership positions?
• Are you looking for a new partner?
• Have you considered any major change in your practice?
• Would the purchase of an existing practice require more information to help you with your decision?
• Have you considered the idea of starting a satellite practice?
• Are you looking for financing?

If you answered "yes" to any of the above questions, you need a Feasibility Study that will work for you.

Why would you need the use of a current Feasibility Study?

A current Feasibility Study is critical information to have as environments change and new issues crop up. Proactivity and implementation are cornerstones for Solaris. Since we understand that change is inevitable, we recommend you stop going through life by default, letting other people and circumstances control you. Are you running the business or is the business running you? A Feasibility Study helps you act proactively by quantifying the costs and benefits of your options. If banks and investors require a relevant study before making a loan or investment, shouldn't you?

What are the Benefits of a Feasibility Study?

• Helps you secure financing on a new practice.
• Shows potential buyer(s) that they can afford the asking price of your practice.
• Shows the amount of sales increase needed to pay for a capital improvement, or the addition of an associate veterinarian.
• Allows you to judge the profit impact of different management strategies on your practice.
• Supports category growth strategies.

Contact us today to learn more!