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I Just Want to Be a Doctor, Not an Owner/Manager Anymore!

By: Nikki Nitz, CPA, CMA - Simmons Northwest & Simmons Midwest A common theme I am hearing from potential clients right now is, “Nikki, I just want to be a doctor and practice medicine. I don’t want to deal with all the management headaches anymore.” Can you...

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Enterprise Goodwill vs. Personal Goodwill

What’s the difference, and what impact does it have on practice buyers and sellers? Byron Farquer, DVM, CVA Each veterinary practice has two main assets classes, tangible and intangible. Tangible assets include items you can pick up and carry around like furniture,...

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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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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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