Blog - OMNI Practice Group

by omniadminOctober 3, 2021 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments

Top 5 Fears Veterinarians Have About Practice Ownership (And How to Overcome Them)

By Rod Johnston MBA, CMA, and Jim Vander Mey, CPA, ABI There are many advantages to owning a veterinary practice over being an associate veterinarian and not owning a practice. For one, the average veterinary practice owner makes approximately 20% more in income than an associate veterinarian working for someone else. A veterinary practice owner also gets to choose what procedures he wants...

Getting Your Practice Ready to Sell

By Cindy Pauley, DDS & Practice Transition Advisor, OMNI Practice Group You are ready! You woke up one morning early last week and said to yourself, “It’s Time!” You have loved being a practicing dentist. But for a multitude of possible reasons, you are ready to sell. So, what’s next? You look around and think is my practice ready to sell? All of a sudden you see the chipped paint...

Dental Seller Preparation Checklist

The best time to start preparing for your practice transition is three to five years from the date you plan on selling your practice. Since you may not really know that date, the best time to prepare is NOW! Here is a checklist of things you should do as you get closer to deciding to sell your practice: ___ Meet with your Financial Advisor – Discuss with your financial advisor that you are...

Top 5 Fears Dentists Have About Practice Ownership (And How to Overcome Them)

There are many advantages to owning a dental practice over being an associate dentist and not owning a practice. For one, the average dental practice owner makes approximately 20% more in income than an associate dentist working for someone else. A dental practice owner also gets to choose what procedures he or she wants to perform, refer out, or delegate to an associate (if there is one)....

by omniadminSeptember 7, 2021 Buyer Articles, Buying a Practice0 comments

Ideal Practice Benchmarks

By Jim Vander Mey, CPA, ABI – jim@omni-pg.com People love benchmarks. They want to know how many glasses of water we should drink each day. How much we should work out every week. Or, how many miles per gallon our cars can achieve. There are also benchmarks to look at when you are buying a practice. They may not necessarily be deal-breakers, but they help determine what you will need...