Common Risks of Owning a Veterinary Practice (and How to Manage Them)
Owning your own veterinary practice can be a great experience. Not only can it be personally and professionally rewarding, but it also can be quite lucrative. However, like all things, owning a veterinary practice has its good and bad points. If you are considering purchasing your own veterinary practice, you must make...
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Common Problems Veterinarians Face
The veterinary profession is extremely rewarding. The ability to nurse people’s pets back to health day in and day out is every animal lover’s dream. However, like any other career, the veterinary field isn’t without its challenges. Below are some of the most common problems veterinarians face.
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Common Veterinary Practice Sales Myths
If you’re considering selling your veterinary practice, there’s a lot you need to consider. Unfortunately, as you wade through the sea of information on this topic, you’re bound to come across some inaccurate information. Specifically, there are a few pervasive myths out there about veterinary practice sales that can put a huge...
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What Is Veterinary Practice Goodwill Value?
If you are considering buying or selling a veterinary practice, it’s important that you become familiar with the terminology. One term that you will run across during the veterinary practice sales process is "goodwill value." As we explain below, goodwill value must be assessed in every veterinary practice transaction in order to...
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Things to Consider When Choosing a Veterinary Practice Litigation Attorney
If you are facing a legal issue involving your veterinary practice, you need a veterinary practice litigation attorney on your side. However, before choosing an attorney, there’s a lot you need to consider. Choosing the right attorney is extremely important, and the wrong decision can have a huge impact on your...
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COVID-19 Veterinary Practice Tips
The COVID-19 pandemic has taken its toll on everyone, including veterinary practice owners. Veterinary practice owners who fail to adapt to the current environment run the risk of going out of business. However, those owners who take proactive steps to continue serving their customers during the pandemic are likely to make it...
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Understanding Veterinary Malpractice Litigation
Veterinarians are required by law to adhere to the protocols and practices of the veterinary field. When a veterinarian fails to meet the standard of care for the veterinary industry, he or she may be sued for veterinary malpractice. As a veterinarian, it’s important that you understand how to avoid becoming the...
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Choosing the Right Business Structure for Your Veterinary Practice
When starting a veterinary practice, it’s important to choose a business structure that will allow you to meet your goals. However, there are several business structures to choose from, and it can be difficult to decide which direction to go. Therefore, after reviewing the following information, you should contact an experienced
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Common Mistakes Veterinary Practice Sellers Make
Selling a veterinary practice can be complicated, particularly for those who enter the process unprepared. When selling a veterinary practice, any mistake can result in big financial losses, and there are multiple opportunities to make mistakes. Therefore, if you are a veterinary practice owner, you should obtain the services of an experienced...
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Taking the Leap Into Veterinary Practice Ownership
If you're like many veterinarians, you probably have a goal of one day opening your own veterinary practice. This can be a great decision. Not only does practice ownership afford you the flexibility to do things your own way, but it can be personally, professionally, and financially rewarding. However, before you take...
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How to Choose a Veterinary Practice Consulting Attorney
If you own a veterinary practice or plan on starting your own veterinary practice, it is essential that you hire an experience veterinary practice consulting attorney. Not only can a veterinary practice consulting attorney handle the legal needs of your veterinary practice, but he or she can help ensure that your...
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An Overview of Employment Discrimination Laws for Veterinary Practice Owners
If you own a veterinary practice, you must ensure that your hiring practices comply with state and federal law. There are a number of laws on the books that are intended to protect job applicants from discrimination. In fact, there are so many anti-discrimination laws on the books that veterinary practice owners...
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