Maximizing Practice Price
By: Bruce Johnson, DDS
If you are considering selling your practice, always try to plan at least three to five years prior to the date that you hope to sell. We would all love to obtain the maximum price for the sale of our practices and I have listed some major points to help you achieve that goal.
Do not take your foot off the pedal. It is very common for...Read More
By: Max Truesdel
In the veterinary industry, managing costs is critical to maintaining profitability. One significant area where veterinary hospitals can improve their financial health is by reducing the Cost of Goods Sold (COGS). Here are some effective strategies to achieve this goal.
Optimize Inventory Management:
Proper inventory management is essential for reducing COGS....Read More
Overcoming Veterinary Student Debt Through Practice Ownership
By: Max Truesdel
Veterinary students often graduate with substantial debt, which can be daunting.
However, practice ownership presents a viable strategy to overcome this financial
burden. By owning a veterinary practice, veterinarians can significantly increase their
income potential and build equity, offering a path to financial...Read More
By Rod Johnston, MBA, CMA
Whether you’re selling a car, a house, or your veterinary practice the ultimate question
that everyone wants to know is…. How much do I get? After all the years of blood,
sweat, and tears you have put into your practice and you come to the point of
retirement, or just selling to take a break from ownership, you want to know, after all the
fees and expenses, how much...Read More
By Rod Johnston, MBA, CMA
Whether you’re selling a car, a house, or your veterinary practice the ultimate question
that everyone wants to know is…. How much do I get? After all the years of blood,
sweat, and tears you have put into your practice and you come to the point of
retirement, or just selling to take a break from ownership, you want to know, after all the
fees and expenses, how much...Read More
