Why you should pre-plan your practice exitAugust 9, 2022Let’s start by talking about exit planning. When you think about this term, what does it represent to you? Many will perceive it means they are ready to sell tomorrow, but it is not absolutely true. Whenever you consider starting a business, and no matter the phase of business you are in, an exit plan is vital to your future success. Practice owners are waiting until they are tapped out, exhausted, and ready to get out as quickly as possible. This creates a tremendous amount of stress on what they receive for the sale of their practices and the likelihood of selling to another veterinarian is low.
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Why a practice should build net worthJune 23, 2022Practice ownership is not an easy feat, and the demands put on you as the owner can feel unsurmountable. If you are a practicing veterinarian, it can be difficult to run a successful business while practicing high-quality medicine.
Which equipment purchase option is right for your practice?April 11, 2022For practice owners, a common question is, “How do I expand and improve operations when it relates to purchasing expensive equipment?”
Retention plans help keep turnover downFebruary 16, 2022Training staff, both as a group and one on one, can make a huge difference in their job satisfaction, which translates to better retention.
The pre-exit process to sell my practiceNovember 4, 2021Today, there are a record-amount of veterinary practices selling to corporations
