RETURN

What is looked for in a successful startup?

Jan 28, 2012

In a startup, four primary factors are considered:

  • Market attractiveness measured in population growth and median income levels
  • Strength of competitors
  • Location of the proposed practice (hopefully a convenient building in the area of high residential growth)
  • The doctor’s experience and energy levels

A startup veterinary practice can be very successful, but it takes a doctor with energy, creativity and excellent advisors/supporters. Someone very familiar with the market is typically the best candidate.