The Veterinary Project Podcast
Education:Self-Improvement
Understanding Financials for Veterinary Clinics - Part 2: What is EBITDA?
FULL DISCLOSURE AND DISCLAIMER:
The following episode is based on our experiences in practice to date. We are not tax experts or accountants. Please seek proper professional advice on the subject of taxes and accounting for your business.
When it comes to understanding financials for veterinary clinics, it pays to ask the greatest guiding question of all:
"If we bring in a dollar of revenue, what are we left with at the end that is going into the owner's pocket?"
The financial statements provide you with the answer to this question, while along the way providing insights into how money is earned, how it is spent, how it is invested, and how it flows within your veterinary business.
In the first of two episodes on the subject, Dr. Michael Bugg and Dr. Jonathan Leicht provided a high-level overview of Profit & Loss Statements (otherwise known as P & L).
In this episode, the Co-Hosts are back again to dive into EBITDA - otherwise known as Earnings Before Interest, Taxes, Depreciation, and Amortization.
Dr. Leicht takes the lead on this subject through his personal experiences and knowledge in evaluating veterinary clinics. Topics covered include:
As a final note: don't be afraid of the numbers. The more you look at them, and the more you understand them, the more successful you're going to be in the long run.
Was this episode helpful for you? We'd love to know - please feel free to drop a comment or send us an e-mail to theveterinaryprojectpodcast@gmail.com to let us know your thoughts.
If you liked the show and want to stay in the know, please subscribe to the podcast on the listening platform of your choosing.
Want to join our community of like-minded Veterinary Professionals? Send us an email at theveterinaryprojectpodcast@gmail.com and we'll get you connected to our private Veterinary Project Facebook group.
Any questions, comments, feedback, or requests for guests can also be sent to theveterinaryprojectpodcast@gmail.com. Thank you for listening and we look forward to seeing you next Wednesday for another episode of The Veterinary Project Podcast!
- Jonathan Leicht, DVM and Michael Bugg, DVM
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