{"id":37019,"date":"2021-05-12T02:12:52","date_gmt":"2021-05-12T06:12:52","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=37019"},"modified":"2021-05-12T02:14:07","modified_gmt":"2021-05-12T06:14:07","slug":"should-your-veterinary-practice-expand-to-exotics","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/should-your-veterinary-practice-expand-to-exotics\/","title":{"rendered":"Should Your Veterinary Practice Expand to Exotics?"},"content":{"rendered":"

\"ShouldAs pet ownership increases<\/a> nationwide, the question of whether to expand your veterinary practice to serve exotic pets may be top of mind. Today we\u2019re covering the considerations you should take into account when deciding if seeing exotic pets is the best move for your business.<\/p>\n

But first\u2026 what exactly is an exotic pet?<\/strong><\/p>\n

An exotic pet<\/a> isn\u2019t a dog. It\u2019s also not a cat, nor is it a farm animal. Exotics are essentially birds, reptiles, fish, even those cute pigs some people have decided to keep as companions. We might even throw hamsters on the list. To nail down if your practice is ready to dive into the world of these less-common animal friends, there are some questions you should ask yourself.<\/p>\n

Are you staffed appropriately?<\/strong><\/p>\n

The vets and vet techs you employ at your practice need to be ready and willing to tackle the challenge accepting exotic pets may present. They will need to educate themselves on how to treat this different patient population and be willing to keep themselves abreast of the latest research and trends in care. It might be a lot to ask of your current staff. Be sure to run the idea by them first, and make the appropriate staffing decisions based on their feedback\u2014you may end up having to hire additional resources, which costs money.<\/p>\n

Is your clinic outfitted appropriately?<\/strong><\/p>\n

Many veterinary practices have separate waiting rooms for dogs and cats. Do you need an additional one for the exotic pets you\u2019ll see? If you\u2019re going to include boarding options for your clients you\u2019ll also need to consider that real estate. And then there is the new equipment you may need to purchase to accommodate the new lineup of patients. But with a line of credit<\/a> on-hand, expanding your practice\u2019s footprint and equipment supply may not be too tall an order.<\/p>\n

Does it make sense for your area?<\/strong><\/p>\n

There very well may not be a demand for exotic pet care in your area\u2014and that\u2019s okay. It\u2019s not to say folks won\u2019t come from a distance to see you if there isn\u2019t a viable option closer by, but it might just not make sense for you to expand. However, something else to consider is that if you start seeing exotic animals, the pet owners are more likely to bring their dogs and cats to see you as well. If you\u2019ve identified that there is likely a need for this type of veterinary service, are you prepared for an influx of new patients? Any uptick in business may mean you have to hire additional staff, expand your hours, even add more space\u2014all of which are net positives if it means you\u2019re growing your patient base.<\/p>\n

Whether you\u2019re expanding your clinic, looking for marketing tips, or need expert guidance on the best loan product<\/a> for your veterinary practice, ARF Financial has your back. We\u2019ve approved over 17,000 small business loans over the past two decades\u2014and we\u2019re just getting started. Be sure to stop by the Financial Pantry<\/a> for regular tips on everything from boosting revenue to training staff, and take an in-depth look<\/a> at the satisfied clients we\u2019ve helped over the years. See for yourself why businesses bank on us.<\/p>\n","protected":false},"excerpt":{"rendered":"

As pet ownership increases nationwide, the question of whether to…<\/p>\n","protected":false},"author":5,"featured_media":37020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[128,721],"tags":[398,402,400,399,443,386,535,220,213,795,401,224,222,172,226,784,786,785,787,788,789,790,791,142],"class_list":{"0":"post-37019","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-day-to-day-business-operations","8":"category-pet-store-veterinary-financing","9":"tag-affordable-business-loans","10":"tag-affordable-small-business-growth","11":"tag-business-expansion","12":"tag-business-growth","13":"tag-business-line-of-credit","14":"tag-business-loans","15":"tag-equipment-leasing","16":"tag-flex-pay-loans","17":"tag-line-of-credit","18":"tag-should-your-veterinary-practice-expand-to-exotics","19":"tag-small-business-expansion","20":"tag-small-business-financing","21":"tag-small-business-funding","22":"tag-small-business-growth","23":"tag-small-business-loans","24":"tag-veterinary-practice-business-loans","25":"tag-veterinary-practice-expansion","26":"tag-veterinary-practice-financing","27":"tag-veterinary-practice-funding","28":"tag-veterinary-practice-leasing","29":"tag-veterinary-practice-line-of-credit","30":"tag-veterinary-practice-loans","31":"tag-veterinary-practice-marketing","32":"tag-working-capital"},"acf":[],"yoast_head":"\nShould 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