BizQuiz: Where does the money go? (Answer 3a)
Taking the BizQuiz? This is the answer to question 3 from "Where does the money go?"
3) A–Incorrect.
A minimum of 10 percent of the revenue generated, or $100,000 if the practice grosses $1 million a year, should go to the business owner since he assumes financial risks that no one else in the practice does. As an investor in the business, the owner needs to see a fair return on the investment; otherwise, he or she would take the investment money elsewhere. And, of course, if all veterinary practice owners took their investment money and ran, there wouldn't be any veterinary offices or veterinary-related jobs.
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