Practice Ownership

A place to call your own

Starting a veterinary practice represents a major investment that will reshape your entire professional career and your personal life.

Finance

Think twice

Before you put more money into your practice, evaluate how quickly the investment will contribute to the bottom line.

Finance

When selling to an associate makes sense

When an associate veterinarian buys the practice, the seller usually has a greater ability to negotiate the most important benefits.

Finance

The real deal

Getting a good deal for your hospital involves more than just the sales price. The sales terms could have an impact on your personal finances and lifestyle for years afterward.

Practice Management

Make it your business

Some states prevent non-veterinarians from owning a clinic. The opposition arises from a legitimate concern over animal welfare.

Practice Ownership

Value judgments

For hospital owners who plan to work for five years or longer, the rewards for selling today may be less than the earnings generated by the practice in the years before a sale.

Finance

A Budget Can Help You Reach Your Goals

A tangible spending plan is your vision for the future and is important for the financial health and success of your practice.

Finance

KPIs Leave out the Whys

Key performance indicators for veterinary practices help monitor the success of your actions, but they don’t explain the reasons for change.

Finance

Using EBITDA Can Be Tricky

The popular financial metric is not the most accurate method for calculating profitability or a veterinary hospital’s value.

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