Fifth year vet students at The University of Nottingham are getting a chance to learn all about the commercial realities of running a vet practice, thanks to a pioneering EMS business placement.

Fifth year vet students at The University of Nottingham are getting a chance to learn all about the commercial realities of running a vet practice, thanks to a pioneering EMS business placement.
 
As part of their final year students at Nottingham are being offered two weeks of hands on experience in the commercial world of clinical practice, in a placement scheme run by the vets school in partnership with Nottingham-based Vets4Pets.
 
The placement aims to allow students an understanding of running a  successful businessThe placement takes a student through the process of finding an appropriate site and property to set up a new practice, using demographic software to determine the target client profile, assessing the competition and understanding the commercial considerations of running a successful business.

The students then get the chance to look at how to equip the practice, get it ready to trade and put together their very own five year business plan.
 
Other subjects covered include:

  • The staff recruitment and development process,
  • Marketing initiatives,
  • Interpreting operational information, 
  • Management key performance indicators, and
  • How to improve the performance of the business and get it ready for sale.


Prof Gary EnglandNaomi Ragsdell from Derby, who is coming to the end of her two-week business EMS option, said: “I have always been interested in business studies and understanding the commercial reality of running a veterinary practice will certainly help me with my future job prospects.”
 
Jalil Khan, business development director for Vets4Pets, said: “The students are tested to assess how much they have gained and understood during the two weeks. We want to make sure the student has gained a deeper understanding of setting up, running and selling a vet practice. But the tests were also quite fun, so the student can enjoy the experience with us, rather than feel stressed.”
 
Prof Gary England, foundation dean of the vet school, said: “We hope that many students will see the advantages of gaining a commercial perspective alongside their academic studies. We want our course to prepare students for when they qualify, rather than purely teach the science, this initiative expands the opportunities for our students and we will continue to look at ways we can challenge and support our students in their studies and beyond.”

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