Buying a Veterinary Practice – What You Need to Know
…budgeting tools: www.kiplinger.com For DVM salaries in any community: www.salaryexpert.com For AVMA articles: www.avma.org For business resources for your practice: www.aahanet.org I Hear It Gets Lonely at the Top. You shouldn’t be alone and…
Mistakes Owners Make That Hurt Their Practice’s Value
…veterinarians. The absence of non-competition agreements greatly increases the buyer’s risk because an associate veterinarian can leave the practice to compete nearby. Effective management systems include computerized business, patient, and…
Are You Sure Your Veterinary Practice Is Making a Profit?
…and community service. How can you go wrong with a $1.9 million, 10,000 sq. ft., state-of-the-art hospital, complete with VIP boarding and a swimming pool for the boarders? It was…
Veterinary Practice Loans vs. Veterinary Student Debt
…servicing your student debt comes from your veterinary compensation. Having student debt might influence the size of practice you purchase. A smaller practice may not allow you to produce enough…
3 Teamwork Essentials to Meet Your Veterinary Practice Goals
…it. Where possible, give employees a chance to operate to their strengths to enhance their chances for success. Communicate, Communicate, Communicate When team communication is strong, it raises the team’s…
4 Ways to Sell Your Practice
…the buyer’s personal income needs. Buyer funds for the purchase price come primarily from commercial financing sources. Sellers are sometimes cashed out on the sale depending on price-to-gross ratio, though…
Becoming an Owner: Addressing the Common Concerns about Veterinary Practice Acquisitions
…investors. Corporate investors include small groups comprised of one to a few owners operating and managing multiple practices in a certain region as well as large, chain companies backed by…
Planning Your Exit Strategy
When is the right time to start thinking about selling your practice? The answer might surprise you! Fortunately, Simmons & Associates can help you to plan your strategy for selling…
10 Questions You Have About Selling Your Veterinary Practice
…challenging to commit to a transaction before you have all of the details involved in your decision. Value the practice first, commit to an exit, and then begin the process…
Veterinary Practice Ownership – Leaving a Legacy
…owner. The essence of what they build can become integrated into the culture and history of their community, the surrounding veterinary community, and become a lasting source of pride and…
