Buying a Veterinary Practice – What You Need to Know
If autonomy, directing a small team, and having prospects for affluence is essential to you, then owning your own veterinary practice may be the right choice. But, buying a veterinary practice doesn’t have to be a shot in the dark. This article highlights the most common misconceptions and misunderstandings we’ve heard over the last 45+ years. […]
Veterinary Practice Visit Checklist
At Simmons, we realize that a veterinary practice visit can be exciting and sometimes overwhelming. We have compiled a checklist of items you will want to take note of while in the practice and the community. PDF of the Veterinary Practice Visit Checklist We do ask that all financial questions and discussions of price & […]
What to Know When Reconsidering Veterinary Practice Ownership
By: Nikki Nitz, CPA, CMA – Simmons Northwest & Simmons Midwest A common theme heard from potential clients is, “I just want to be a doctor and practice medicine. I don’t want to deal with all the management headaches anymore.” Can you relate? Are you reconsidering veterinary practice ownership? Let’s look at the causes of […]
The Pathway to Veterinary Practice Ownership With a Degree and Student Debt
David King, DVM, CVA – Simmons Southcentral In the past, the recently graduated DVM had several options when deciding on a career path. Most of the time, the path led to practice ownership, but that may not be the case now. The reasons may include a fear of taking on even more debt, watching a […]
How to Buy a Fixer-Upper Veterinary Practice
It’s tough out there for today’s veterinary practice buyers. A few new investors or corporate consolidators call every year looking to spend way too much money on 2+ doctor practices. So how can you — the young, ambitious associate — compete for 2+ doctor practices? You can’t unless you get lucky enough to find a […]
Who Can Afford to Buy, and Can You Afford to Wait to Sell?
Nikki Nitz, CPA, CMASimmons Northwest At Simmons, we get asked regularly about veterinary practice ownership, “Are there buyers who can actually afford to buy?” The quick answer is yes! There are a few considerations to keep in mind, so read on as we outline them for you. Who Can Afford to Buy? When a practice […]
Is Veterinary Practice Ownership For You?
For many veterinarians, the thought of owning your own practice and being your own boss is quite appealing. This can be especially true if your current employment arrangement is less than stellar. Thoughts of making the rules and key decisions, practicing medicine your way, leading the charge, increasing your earning capability, and so on, can […]
6 Questions Veterinarians Ask When Buying or Selling a Practice
In most cases, buying or selling a veterinary practice is a novel experience. It can be a daunting ordeal and potentially the biggest investment of your life. We understand how intimidating and overwhelming the process can be and we’ve answered some of the most common questions for you. If you don’t see your questions listed […]
What Are the Benefits of Owning a Veterinary Practice?
One of my heroes of history, Theodore Roosevelt, once said “Speak softly, but carry a big stick” and I liken that somewhat to practice ownership. There is just no substitute for carrying that ‘Big Stick.’ There are many reasons NOT to own a practice, and they are all based upon the individual. We all know […]
Veterinary Practice Ownership – Leaving a Legacy
By: Jim Stephenson, DVM, CBA – Simmons Northeast Few people have the opportunity to leave a legacy as lasting as a veterinarian who has fulfilled their career as a practice 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 […]