Are you considering acquiring a veterinary practice? Engaging in the due diligence process is not just a step to check off but a crucial reassurance before you do so. The due diligence process involves carefully evaluating the financial stability and performance of the veterinary practice you’re considering acquiring. It’s a process that will give you […]
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Financing Your Veterinary Clinic: Legal Considerations and Options
Many veterinarians dream of owning their own clinic. There are many advantages to owning a veterinary clinic, including: However, most people don’t have the funds available to start a veterinary clinic. Therefore, in most cases, outside financing is required. In this article, we discuss some options for financing your veterinary clinic. Self-Financing As discussed above, […]
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Challenges of Owning a Veterinary Practice
There are many advantages to owning a veterinary practice. However, as with any business, veterinary practice ownership poses unique challenges. Therefore, as a practice owner, it’s important to understand these challenges and how to address them. In this article, we examine some of the most common challenges of owning a veterinary practice. Heavy Workload Veterinary […]
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Why Owning a Veterinary Practice is a Great Idea
As a veterinarian, it’s likely that you’ve at least considered what it might be like to own a veterinary practice. This is understandable. After all, there are many benefits to veterinary practice ownership whether it is a startup or a purchased practice. In this article, we examine why owning a veterinary practice is a great […]
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Pros and Cons of Buying an Existing Veterinary Practice
Practice ownership is the ultimate goal of many veterinarians. After all, practice ownership offers many benefits, including autonomy, financial gain, and a good work-life balance. However, if you are looking to take the leap into practice ownership, you must make several important decisions, one of which is whether to buy an established practice or start […]
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Purchasing a Veterinary Practice: Things to Consider
Each year, countless veterinarians take the leap into practice ownership. This isn’t surprising. After all, veterinary practice ownership offers a multitude of benefits, both personal and professional. However, if you are considering buying a veterinary practice, you must ensure that you are prepared before you make your purchase. In this article, we examine some things […]
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Tips for Starting Your Own Veterinary Practice
Starting your own veterinary practice can be extremely rewarding. However, before taking the plunge into practice ownership, you must ensure that you are fully prepared. Without a solid game plan in place, you run the risk of making mistakes that can sink your practice before it gets off the ground. If you’re considering starting your […]
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Common Misconceptions About Buying and Selling a Veterinary Practice
Whether you want to buy or sell a veterinary practice, it’s important that you have accurate information before beginning the process. Unfortunately, however, there is a lot of inaccurate information out there. Below are some common misconceptions about buying and selling a veterinary practice. For additional information, please contact a veterinary practice attorney. Buyer Misconceptions […]
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Tips for Buying a Veterinary Practice
Buying a veterinary practice is a unique process, particularly if you’ve never bought one before. And although practice ownership isn’t for everyone, there are major benefits to owning your own practice. If you are interested in purchasing a veterinary practice, below are some tips to get you started. Buying a Veterinary Practice? Follow These Tips […]
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