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 […]
Practice Ownership and Veterinary Student Debt: How Can This Possibly Work?
by: David F. King, DVM, CVA, Simmons Southcentral – We often read about and hear from others that rising educational debt means that no recent graduate can buy a veterinary practice. Fortunately, this is just not the case. Student debt About 89% of the students that graduated two years ago came out with some sort […]
