Click here for a printable PDF of this article: Exit Strategy Checklist 3 years before putting your veterinary practice on the market: Make quality time to write down your goals; develop a timeline; consider life after practice. Have a baseline practice valuation... Read more
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... Read more
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... Read more
An Estate Action Plan for Your Veterinary Practice “In Case of My Death…” We at Simmons have witnessed many viable and valuable practice assets diminish upon the death of the practice owner because the family was unable or unprepared to manage the... Read more
The New Year brings with it the time when practice owners review their strategic plan and business goals. Many of the owners we talk to are wondering if this is the year to consider selling their practice. There are several reasons why it would make sense to sell in... Read more
The new 3rd edition expands and amends the sold out 2nd edition. Written by the experts at Simmons, this book is aimed at helping veterinarians better understand the intricacies of veterinary practice sales, valuations and ownership.