Managing Business Expenses

In “Managing Business Expenses,” the Unfiltered Vet Discussions panel digs into what it really takes to run a veterinary hospital like a business, not a hobby. David breaks down why cost of goods sold and inventory management are still the “number one financial disease,” while Peter challenges owners to stop running blind and start measuring key metrics like the 20/20/20 rule (staff, doctors, COGS). Jenny and Beth share real–world stories, from “inventory maracas” bottle–shaking to mixed–animal inventory chaos, and explain why profit isn’t a dirty word—it’s what allows teams to be paid fairly and patients to receive better care. Together, they walk through practical first steps: tracking COGS over time, bringing in a veterinary CPA, trusting and empowering practice managers, sharing financial context with the team, and resisting the urge to cut marketing even in a veterinary “recession.”