Blog

Settling Liens Prior to Listing Your Practice

By Jen Bennett, Omni Practice Group In preparation for listing your practice, there are several steps to consider, but one important step that is often overlooked is settling any outstanding liens against your practice. As you know, “A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A creditor or a legal judgment could establish a lien. A...Read More

Who Should be on Your Exit-Planning Team?

By Corey Young, MBA, CVA  Let’s discuss the best approach: Financial Planner. A financial planner helps clients meet their current money needs and long-term financial goals. They use a structured process to guide clients toward prudent financial decisions to maximize their potential for attaining life goals. Using their knowledge of personal finance, taxes, budgeting, and investments—combined...Read More

Steps to Purchasing a Practice

By Rod Johnston, MBA, CMA Most veterinarians dream of eventually owning their own veterinary practice. But veterinarians tend to put off ownership for a variety of reasons. A couple of big reasons are that you have never done it before, you are not familiar with the process, or you’re just completely afraid of the unknown. A great philosopher once said, “If you can dodge a wrench, you can...Read More

Dental Practice Buyer FAQ

by Megan Urban, Practice Transition Specialist Where / How do I start? Where do you want to live? Not that you can’t change your mind and sell, move, or buy again. But it’s typically best to determine where you want to live, such as in close proximity to family members, or near an airport, or close to beaches and surfing, or near ski resorts.  Are you a city dweller?  Are you a nature...Read More

10 Tips to Help Make a Workback Successful

Bruce Johnson, DDS, Practice Transition Advisor at Omni Practice Group, has personally been involved with 3 practice sales and workback agreements. In this video, he provides you with 10 tips to help your workback transition be successful. https://youtu.be/IyEI-U1EXlsVideo can’t be loaded because JavaScript is disabled: 10 Tips to Help Make a Workback Successful...Read More