by omniadminMay 17, 2021 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional0 comments
3 Reasons to Sell your Practice While the Tides are High
Timing is everything. If you would have invested $1,000 in Nike stock at its initial public offering in 1980, your investment would be worth over $190,000 today. The same can be said for many other stocks or investments. You see, the tides of the economy ebb and flow. But how does that relate to your veterinary practice? We have been experiencing a perfect storm of sorts over the past...Read Moreby omniadminMay 14, 2021 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
When You Should Think About Selling Your Practice
There are many reasons why veterinary practices are put up for sale. Some of the more common reasons actually have little to do with the practice’s general performance. For example, many veterinarians discover that they need to sell for health reasons or personal concerns, such as divorce or partnership issues. While a business downturn might prompt many veterinarians to sell, economic...Read MoreTransition Announcement and Patient and Team Retention
By Rod Johnston, MBA, CMA and Jim Vander Mey, CPA, ABI In my experience, sellers get concerned with the “correct” time to tell their team about the transition. We recommend informing them when all documents or some are signed and there is no doubt the sale will go through. It may be 2 weeks or 2 days before closing, it depends, and your transition advisor will assist you. If you tell your team...Read Moreby omniadminApril 12, 2021 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
