Seller Carrybacks and Veterinary Practice Transitions Today

You’ve heard the term “Seller Carryback,” but what does it mean? Seller carryback financing is when the seller of a given property, or in this case, a seller of a veterinary practice and assets, acts as a lender for the buyer if a conventional bank will not offer the full amount that the buyer needs to close the sale. Years ago, it was commonplace for a retiring veterinarian to act as the...Read More

Tips for Managing Your Team When Acquiring a Veterinary Practice

When you purchase a veterinary practice, you aren’t just responsible for the building and equipment, but you also have a big role to play in making sure that new and existing team members come together smoothly. This can be a delicate process and quite difficult to navigate on your own, but there are a few tips you can follow to make everyone’s lives a lot easier. Value Your Acquired Team...Read More

Tips for Managing Your Team When Acquiring a Dental Practice

When you purchase a dental practice, you aren’t just responsible for the building and equipment, but you also have a big role to play in making sure that new and existing team members come together smoothly. This can be a delicate process and quite difficult to navigate on your own, but there are a few tips you can follow to make everyone’s lives a lot easier. Value Your Acquired Team Members...Read More

The Business Side of Veterinary Medicine – Theft & Embezzlement

Experts estimate that more than 70 percent of veterinarians are embezzled with an average loss of $200,000. But, because the embezzlers often steal small amounts of money over many years, the thief is never noticed. The US chamber of commerce estimated that 75 percent of employees steal from their workplace and that most do so repeatedly. A majority of people, if given an opportunity, will...Read More

The Business Side of Dentistry – Theft and Embezzlement

By Kevin Brady, Practice Transition Advisor Experts estimate that more than 40 percent of dentists are embezzled with an average loss of $50,000. But, because the embezzlers often steal small amounts of money over many years, the thief is never noticed. The US chamber of commerce estimated that 75 percent of employees steal from their workplace and that most do so repeatedly. A majority of...Read More

What You Need to Know Before Signing a Covenant Not to Compete

You’ve graduated from veterinary school so naturally, you’re ready to get your feet wet and start practicing. Nearly every veterinarian will be an associate at the beginning of their career and with that comes the dreaded associate contract. You found a great associate opportunity and you’re eager to start collecting paychecks. But before signing that contract, particularly the noncompete...Read More

What You Need to Know Before Signing a Covenant Not to Compete

By Jen Bennett, Practice Transition Advisor You’ve graduated from dental school so naturally, you’re ready to get your feet wet and start seeing patients. Nearly every dentist will be an associate at the beginning of their career and with that comes the dreaded associate contract. You found a great associate opportunity and you’re eager to start collecting paychecks. But before signing that...Read More

Choosing Between Buying an Existing Practice or Doing a New Build

By Corey Young, Practice Transition Advisor Choosing between buying an existing practice and doing a start-up practice can be one of the biggest decisions of your life. Here are four considerations and two suggestions for when you are contemplating. The four considerations: Market Saturation – How many veterinarians are practicing in the area you are considering? Hardly any? One on every...Read More

Choosing between Buying an Existing Practice Or Doing a New Build

By Corey Young, DDS, MBA Choosing between buying an existing practice and doing a start-up practice can be one of the biggest decisions of your life. Here are four considerations and two suggestions for when you are contemplating. The four considerations: Market Saturation – How many dentists are practicing in the area you are considering? Hardly any? One on every corner? Somewhere in...Read More

Dentist Entrepreneurial Summit 2021

What you receive when you come to the GIG M.BF. Entrepreneurial Mastermind Summit: The GIG M.B.F. Entrepreneurial Summit is designed as a total support system for Dentists/entrepreneurs with their sights set on “sky’s-the-limit” growth and the freedom to create the kind of richly satisfying life they dreamed of when they made the decision to become a dentist. With all the...Read More