Now more than ever forecasting wage increases for your pet business has become a reality. The post-pandemic world is changing strategies for hiring including entry level salary rangers. In some areas minimum wage is being dictated by state policies and in other areas minimum wage increases are necessary to attract a good employee (and some places …
Finances
Recurring Revenue In Your Pet Business
Wouldn’t it be great to create a program that results in recurring revenue in your pet business each month? Planning and forecasting your income would be so much easier if you could count on a certain amount of revenue that results from the way you set up your revenue streams. It’s easier than you may …
Four Steps for Adding a Membership Program to Your Pet Business
Interested in adding a membership program to your pet business? Memberships are hot! They are common in so many industries and have grown during COVID. The pet care industry shouldn’t be left out! We’ve helped many pet business owners to successfully add a membership program to their business. This addition can help your business obtain …
Eliminate the Stress in Raising Rates in Your Pet Business
Let’s face it, we all want to eliminate the stress in raising rates because we all stress out when we need to increase pricing. However, raising rates is a requirement to remain a profitable pet business long-term. The key is to know your costs and profitability by the key services you offer. This method of …
3 Tips for Setting Profitable Pricing for Your Pet Care Business
Setting profitable pricing is one of the most important decisions you make for your pet care business. How you determine your pricing is often the difference between feeling financial frustration and confidence in your cash flow. We have three quick tips that can set you on the path to profitable pricing. Raise rates every year …
Let’s Talk about Software
Confused by the multiple software choices for pet care businesses? Looking for guidance on how to select the right vendor and software for your business? The Dog Gurus are frequently asked for our software recommendations so we were very happy to have one of our choices join us to share insight on this important business …
Pet Care Budgeting
You have a pet care business up and running- congratulations! Whether you took over an existing dog grooming business or built your doggie day care from the ground up, learning how to make or keep your business sustainable is important. Every 6 months to a year, you should assess the current state of your business. …
You Deserve a Pay Raise
You definitely deserve a raise in pay if you are the typical pet business owner that participated in our financial survey. Recently we received the detailed final report of 2017 financial results that The Dog Gurus and the International Boarding and Pet Services Association (IBPSA) survey annually. Every year I look forward to this peek …
3 Reasons to Prioritize Key Performance Indicators
Being a finance person, Key Performance Indicators (KPIs) are fun to me, and provide a different perspective on your business. In this post you’ll learn three reasons why making KPI’s a priority in your management toolbox will help you improve your business. 1. Provides Non-Financial Success Measures For most of us financial success is a …