Holiday Season Boarding
In years past, most clinics that boarded pets had waiting list. In many practices, this is no longer true and cages are empty during a time when a clinic should be having waiting list. In my opinion this is due …
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Date : December 1, 2022
Five things you need to do to prepare your practice for sale
#1 Clean up your profit and loss statement and file your taxes. Buyers and sellers get nervous when they see discrepancies that cannot be explained. Therefore, failure to have a clean profit and loss statement may result in a lower …
Excess earnings are most important in valuing your practice
Excess earnings are most important in valuing your practice. The historical excess earnings trend is the most important financial variable in determining your practice’s value—not gross revenue as commonly thought. Typically, a practice’s future earnings will reflect its actual performance …
Is Now a Good Time to Sell a Veterinary Practice?
As a practice transition specialist, I am often asked “Is now a good time to sell my practice?” While there are many factors involved in making this decision, the short answer is YES. Below is the short list of current …
Inventory Management
Inventory Management-Stopping drugs from expiring. Many hospitals waste dollars by letting products expire on the shelf, or do not “sell” in a normal time. If inventory were changed to dollars and you could see what is on your shelf, I …
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Date : October 1, 2022
Transitions that Work for Buyers and Sellers
We will create the best transition plan for your specific practice. The most successful businesses always have a plan. Working with you and your financials, we will create a customized plan for your practice which will clearly define and set …
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Date : September 15, 2022
Keys to Maximizing Practice Value
It’s Never Too Early to Start Planning Your Transition As practice brokers, we are frequently contacted by Veterinarians who have an immediate need to sell their practices due to retirement, disability, etc. After meeting with the doctor and reviewing the …
Employee Theft
In our newsletter on financial prosperity, our goal is to show that financial prosperity is for all Veterinarians. Making a PLAN and checking to see where you are on the path certainly increase the odds to achieve the goal. Accountability …
Top 5 Reasons to Hire Dr. Randy Carsch
Selling a Veterinary Practice is a Complicated Process. Don’t go it alone. Selling a veterinary practice is a complicated process that involves numerous steps including determining the market value of your practice, finding the right buyer, negotiating the purchase price, …
Date : August 8, 2022
Keys to Maximizing Your Practice Value
Start Planning Your Transition Now! As practice brokers, we often find that practice revenue and profitability have declined or stayed static over the past few years due to various reasons such as the Veterinarian cutting back his work schedule to …