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3 Reasons Your Veterinary Practice Isn’t Getting The Results You Wanted This Year
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...
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...
$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,...
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...
Selling Your Veterinary Practice – Private vs Corporate
By, David King, DVM, CVA, Simmons Southcentral Just like just about anything in life, deciding to sell a veterinary practice can be made easier with a little knowledge and a little planning. Knowing your options along with the pros and cons of each can help you make...
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...
Exit Planning – 10 Things Not To Do When Selling Your Veterinary Practice!
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...
Improving Veterinary Practice Value at the Employee Hiring Stage
Jim Connelly, CEO and Founder of Org Ex, uses the science of human behavior to assist business owners with their hiring decisions. Mr. Connelly has conducted over 2,000 behavior based interviews which are interviews designed to predict the future behavior of an...
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...
All That Glitters is Not Gold! – The Long-Term Service Contract Dilemma
Wilson McManus II, DVM CVPM, Simmons MidSouth - Imagine this…It has been a wonderful last couple of months for you. You’ve sold your veterinary practice, Four Legged Friends Veterinary Hospital, after many, many years of practice, to an associate that had been with...
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...
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...
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