Foundered! Why Many Practices Never Reach Their Full Potential And How To Ensure Yours Does

Abstract

Let’s face it, great businesses are managed differently than the majority of veterinary practices. Why is that? A veterinary practice is a business, right? So what is blocking so many veterinary practices from reaching their full potential? Be brutally honest with yourself. Does your practice seem to constantly be looking for solutions to reoccurring problems? Is it weighed down by a general lack of funds, high staff turnover, low morale and the tendency towards crisis management? If any of these apply, your practice may be suffering from a common condition known as Founder’s Syndrome, or FS, a serious and life-threatening disease affecting thousands of businesses each year. Founder’s syndrome can affect businesses of any size but is extremely common in small to mid-sized companies, including veterinary practices, which have grown rapidly. If left untreated, FS can cause otherwise successful practices to stagnate, decline and even fail. In most cases the symptoms of FS are painfully obvious to everyone inside the practice except those afflicted.