The Benefits of Practice Ownership
By: Kim Ford, Practice Transition Consultant In today’s market, we encounter fewer veterinarians coming out of veterinary school with the ambition to own and operate their own practice. Several new graduates are lured into a false narrative believing practice ownership is not a career option that would benefit them financially or in their goals to achieve work-life balance in their...Read MoreBe an Educated Veterinary Practice Buyer
By Rod Johnston, MBA, CMA Founder & Principal Consultant I meet hundreds of veterinarians each year who are looking to buy an existing veterinary practice. Of those, I would estimate that 30% have done any research on what is involved in buying a practice. Of that 30%, none know the beginning to end process of buying a veterinary practice. While all the steps cannot be covered...Read MoreThe Veterinary Future: Why Young Veterinarians Should Consider Practice Ownership
By: Jen Bennett As the veterinary landscape continues to evolve, a growing number of young veterinarians find themselves at a crossroads: to remain employees in established practices or take the bold step towards ownership. While the security of a salaried position can be appealing, there are compelling reasons for young veterinarians to consider purchasing a practice. This article explores...Read MoreGiving Back: Supporting Communities Near and Far
At Omni Practice Group, making a positive impact is at the heart of our mission. By partnering with incredible organizations across various causes, we strive to uplift communities, protect animals, and inspire positive change. Through financial contributions and hands-on involvement, we’re committed to fostering a brighter future. Here’s how we give back: Eastside Basket Brigade Each...Read MoreBalancing Client Expectations and Price Sensitivity in Veterinary Care
By: Max Truesdel Pet owners today expect high-quality veterinary care, but rising costs and economic uncertainty make it challenging to balance affordability with profitability. For veterinary practices, finding the right pricing strategy is essential to maintain financial stability while ensuring pets receive the care they need. In this guide, we’ll explore how to implement price increases...Read MoreFrom Outdated to Outstanding: The Risks and Rewards of Buying a Fixer-Upper Veterinary Practice
By: Max Truesdel The idea of buying a fixer-upper veterinary practice might remind you of those popular home renovation shows—where vision, investment, and hard work transform a dated property into a dream space. Similarly, purchasing a veterinary practice in need of upgrades can be a rewarding venture, but it comes with its own set of opportunities and challenges. If you’re considering this...Read MoreA Tale of Two Vets
The following is a story about two veterinarians who had dreams of owning their own practice. While the story may seem a bit farfetched, it is based on true events. In fact, we have seen this story multiple times in today’s environment. Maybe this happened to you? Shawn and Lilly graduated from the same veterinary school in 2010. They were good friends and always enjoyed talking about their...Read Moreby omniadminNovember 5, 2024 Buyer Articles, Buying a Practice, Real Estate, Using a Professional0 comments
