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Veterinary Practice Profitability Trends and Tips

By: Kirsten Poppen, JD, CVA, Simmons Midwest - You’re proud of your practice and with good reason. You have an attractive facility, a well-trained staff, newer equipment, and a solid client base. Overall, yours is a comprehensive, client-oriented practice. Yet perhaps...

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Who Can Afford to Buy & Can You Afford to Wait to Sell?

Nikki Nitz, CPA, CMA Simmons Northwest Who Can Afford to Buy We get asked regularly, “Are there buyers who can afford to buy?” The quick answer is YES! When a practice is priced fairly the profits of the practice cover the debt payments the buyer needs to make as well...

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Is Veterinary Practice Ownership For You?

David McCormick, MS & Sherry Everhart BS, RVT -  For many veterinarians, the thought of being your own boss is quite appealing. This can be especially true depending on your current employment arrangement. Thoughts of making the rules and key decisions, practicing...

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What are the benefits of owning a practice?

David King, DVM, Simmons Southcentral -  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...

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The Cost of Technology in Veterinary Practice

By: Joe Stephenson, MA - Simmons Northeast - As a veterinary business appraiser and broker I see droves of young veterinarians reared on cutting edge technology, hungry for practices thoroughly equipped with blinking lights and high resolution screens. I also see...

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Can Your Veterinary Practice Be Too Profitable?

By: Nikki Nitz, CPA CMA -  There is a lot of information circulating about No-Lo practices. But how about we flip the coin and talk about highly profitable practices? You would think that there should be no issue with having a higher profit percentage correct? Well,...

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Leases, Leases, Everywhere Leases

By Kirsten Poppen, JD, CVA Simmons  Midwest - Why is my practice not making any money? Let’s examine your expenses.  Many of you have heard of No-Lo Practices, a term that has hit front and center in the veterinary consultant world.  No-Lo: Practices with No to Low...

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Dealing With Leases in Veterinary Practice Sales

Elizabeth Bellavance, Simmons Canada ~ It is becoming more common for suppliers of veterinary products and services to enter into long-term contractual agreements with veterinary practice owners. These agreements can have far reaching implications for practice owners,...

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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...

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