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Thoughts to Ponder for 2019 – From the Desk of Doyle Watson, DVM
As I sit here with writer’s cramp, I began to ponder messages that owners and associates may want to hear and consider going into 2019 and beyond. Buyers still available Although the swarm of corporate invaders continues to grow almost exponentially, there are many,...
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The Essentials of Teamwork in Veterinary Practice
By: Casey Dubbs, Sherry Everhart, BS, RVT and David McCormick, MS, CVA “Not finance. Not strategy. Not technology. It is teamwork that remains the ultimate competitive advantage, both because it is so powerful and so rare.” - Patrick Lencioni Most practice owners want...
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“Be Prepared” applies to Veterinary Practice Owners
Scout’s Motto: “Be Prepared” applies to Veterinary Practice Owners The average baby boomer today is approximately 63 years of age and in 7 years, all baby boomers will be over the age of 60. Obviously, this has implications on the number of veterinary practice owners...
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How to Buy a Fixer Upper Veterinary Practice
By: Jim Stephenson, DVM, CBA and Joe Stephenson, MA – Simmons Northeast It’s tough out there for veterinary practice buyers today. Every year a few new investors and/or corporate consolidators call me looking to spend way too much money on 2+ doctor practices. So how...
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“The Not So Free Yeti Cooler…” How Drug Costs Can Kill Your Profit & Veterinary Practice’s Value
Simmons & Associates MidSouth - Wilson McManus II, DVM, CVPM & Kris Smith, CVPM | Do you feel you have a successful, busy veterinary practice, but you consistently end up with little or no profit at the end of each month? Have you recently had a practice...
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3 Reasons You Didn’t Get the Results You Wanted in 2017
Nikki Nitz, CPA, CMA, Owner of Simmons Northwest and Simmons Midwest - You have been in business for a few years. You work way more hours than you want, missing out on family and life activities. Yet you are not providing the finances or the lifestyle for your family...
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Stock Volatility and Consolidator Veterinary Practice Price
By, Joe Stephenson, Simmons Northeast - If you have any money in the stock market, your heart probably jumped as volatility returned. Historically this would have some, but not a significant, effect on veterinary practice sale prices, but with the emergence of a...
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$15,000 Awarded to University of Florida College of Veterinary Medicine Student
Simmons Educational Fund Committed to Investing in the Next Generation of Veterinarians St. Simons Island, Georgia – January 19, 2018 – The Simmons Educational Fund (SEF) honored Cynthia Kathir, a student at the University of Florida College of Veterinary Medicine,...
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Product Sales, Profitability and Veterinary Practice Value. Is there a connection?
By, Byron Farquer, DVM, CVA - PDF here: Inventory and Veterinary Practice Profit_ Farquer Most practices find that product and supplies costs often consumes 18 to 20% of gross revenue, and is second only to payroll as the most expensive cost of doing business. In...
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Selling Your Veterinary Practice – Private vs Corporate
By, David King, DVM, CVA, Simmons Southcentral - Download PDF of article: Selling Your Veterinary Practice - Private vs Corporate Just like just about anything in life, deciding to sell a veterinary practice can be made easier with a little knowledge and a little...
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Laboratory Service Agreements – Know the nuances behind your signature
Written by: Doyle Watson, DVM, Simmons Southeast - The great majority of today’s small animal practices operate their lab services with an out-sourcing company under a formal service agreement. Unfortunately for many however, we see that the practice signatory is...
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Exit Planning – 10 Things Not To Do!
While every veterinary practice ownership transaction is different, after over 100 successful transactions we have noticed a few common pitfalls and traps for the owner/seller. Whether your exit is imminent or 15+ years from now, here are a few to watch out for on...
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