Vet360 Vet360 Vol 06 Issue 02 | Page 12

BUSINESS COLUMN fear of perceived Competition. Is this just corporates or are there other things to worry about? Is it the new practice, corporate or otherwise, the internet, lack of vets, regulation or bureaucracy that is going to be a competitive threat? There are three key principles to bear in mind: 1. Practices fail from the inside – out, NOT because of competition. 2. Most practices are too busy to: • Practice good medicine • Deliver excellent customer service • Increase and sustain profitability 3. Veterinary practices do not need more clients – they need better relationships with their existing clients to be profitable. The solution to this challenge lies in identity and positioning. Wave 5: The Advancements in Technology: • • • Artificial Intelligence Robotics Virtual reality BUSINESS • • • • Biological Nano-technology Communication Education And the actual value of information Vets are no longer the purveyors of veterinary knowledge – all this is freely available – vets need to become the curators of information. To remain significant and relevant as a profession, we need to let go of the certainty and authority of ‘the white coat’ and instead become curators of wisdom within our community. The questions are: How difficult will this be? How is it possible? And can it be learnt? Perhaps the more fundamental question is, 'Why should I care?' Whether you are starting-up, wanting to stay in the game or wanting to exit with a legacy, these changes will affect you, and you have a choice to make. The question I want to ask is: 'Do you, your business and your team have the personal resilience, the professional business skills and the purposefulness to withstand the changes to come? Recruitment, Retention and Resilience: A Question of Identity The veterinary industry is transforming in terms of corporatisation, competition, commoditisation, client compliance and public perception. These changes are accompanied by concerns about vets’ mental well-being, new graduate support and preparedness and attrition from the profession. Much of this comes from the fact most vets work far too hard for far too long for far too little return due to inefficiency, frustration and poor profitability in their businesses. They labour under the induced fear, guilt and obligation of the false public and professional myth of expected altruism, social contract and non- commercialism that is at the heart of the Pet vs. Profit Paradox. These issues raise questions about how veterinary professionals are aligning ‘who they are’ with this new world and raises questions of self and professional identity. Veterinary professional identity is (in contrast to other career identities) is stable over a very long time (from adolescence), global in that it affects all domains of life (not just work) and highly internalised through very strongly held set of sub-conscious values and beliefs Issue 02 | MAY 2019 | 12 Their are three main identity themes in veterinary professional identity: Self as Technically Competent “Doing the thing RIGHT” is linked to Mastery. This is the most important element of veterinary professionalism among students and academics. This is central to professional identity from an early stage. An inflexible thinking style means this can cascade into perfectionism and micro-management Self as Dedicated and Resilient “Doing all-RIGHT” is linked to Autonomy. This is the ability to cope with hard work and stress, being resilient under pressure and perceived by others as dedicated to their work. Inflexibility in this area can lead to fear of failure and heightened sensitivity to criticism and mistakes. Self as Ethical and Moral “Doing the RIGHT thing” is linked to Purpose. Vets have to reconcile their own values with the expectations that are placed upon them and to be seen by others to behave in a moral and ethical manner. Inflexibility can lead poor decision making and unreasonable behaviour (because they are right!).