Veterinary Practice Sales Education Center

$15,000 Awarded by the SEF St. Simons Island, Georgia – February 1, 2012 – Elisha Adkins, an Oregon State University College of Veterinary Medicine Student, has received the prestigious Simmons Educational Fund (SEF) National Business Aptitude Award.  The award is given to senior students to bring attention to the importance of business education in veterinary [...]

ο Executory contracts – Make a list of any ongoing contracts that might obligate the buyer to any payments after the sale, such as yellow pages, software support, janitorial, lab equipment, maintenance, copier maintenance, etc. Include the contact information in the list. Contact the companies to determine if contracts can be transferred, or if they [...]

Click here for a printable PDF of this article: Exit Strategy Checklist 3 years before putting your practice on the market: Make quality time to write down your goals; develop a timeline; consider life after practice. Have a baseline practice valuation performed by a competent veterinary practice appraiser. Experience and credentials are critical. Identify areas [...]

These days, practice computer systems contain a wealth of data – client names, addresses, financial information, pet medical records, lab reports, etc.  Also, many practices have a direct internet connection for software updates, lab results, VIN, emailing clients, etc. as well as for updating their website and social media.  How safe is your client data [...]

Dick Goebel, DVM, AIBA Simmons Great Lakes For a PDF of document, click HERE: Questions to consider before associate position_Goebel

Western Veterinary Conference 2008 (speaker notes) David King, DVM, AVA ~ Simmons Southcentral Dave Gerber, DVM, AVA ~ Simmons Northwest For a PDF of this article,  click here – Ownership Options_What Are My Choices What Is Your Mindset? In the private practice arena, there are, essentially, three career choices, those being associates, relief DVMs, and [...]

$3,000 Awarded to 29 Veterinary Students June 15, 2011, St. Simons Island, Georgia – Today the Simmons Educational Fund (SEF) announced the 29 veterinary students who have been chosen to receive the SEF Business Aptitude Award.  Each year the SEF recognizes students who distinguish themselves by demonstrating a keen interest in and aptitude for the [...]

Byron Farquer, DVM, AVA Simmons Pacific & Southwest Inventory is the second largest expense in the veterinary practice, next to the cost of labor. It often consumes 20% or more of gross revenue and, left unchecked may swell to considerably more. Profitability becomes a challenge when large expense categories are not constrained to appropriate benchmark [...]

April 5, 2012 Fairfax, VA Simmons Mid-Atlantic will be exhibiting & available for private consults

March 10, 2012 Spokane, WA Nikki Quenette, CPA, CMA and Dave Gerber, DVM, AVA from Simmons Northwest will be presenting “Ready, Set, Go! Planning for Smooth and Successful Practice Transition“.  For details, contact Simmons Northeast.