Where to Own a Practice?

The question we often get from potential practice buyers is “Where is a good spot to own a practice?”  There are a lot of factors that contribute to answering that question. But first, let’s discuss the reasons why you want to own a practice. If you are in it because you love being a veterinarian and love helping patients and you are not necessarily in it to make the big bucks, you can really...Read More

Ideal Practice Benchmarks

​ by Jim Vander Mey Practice Transition Advisor 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 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 to do...Read More

Top Pitfalls To Avoid When Buying a Veterinary Practice

There are a number of things to look out for when buying a veterinary practice.  If you’re not careful, you could end up with a bag of tricks.  Here are some of the top pitfalls to avoid when buying a practice: 1. Not understanding the numbers. Be sure and know what normal veterinary expenses are and what may be extraneous. 2.  Assume the staff are all on board and will be staying with...Read More

Current Trends For Veterinary Practice Buyers

Since Omni started in 2004, we have sold well over 300 practices.  Prior to approximately seven years ago, the majority of the practices had been sold to individual veterinarians buying their own practices.  The past seven years, most of our sales have been to corporations.  They have been paying big bucks to acquire practices.  They have been paying associates handsomely to work in those...Read More

Entrepreneurial Energy

By Corey Young, MBA, Practice Transition Specialist   What defines entrepreneurial energy? According to David Lyons PhD, “Entrepreneurial energy is the force that sustains the momentum and velocity of progression in the venture. Energy can rise through excitation/agitation and fall through decay of the energy as a result of predicaments or failures. Entrepreneurial energy is an endogenous...Read More