As the owner of a veterinary practice, you care for animals day in and day out. You must also run a functional business and follow best practices optimization, like benchmarking,
Category: Blog
Mistakes Owners Make That Hurt Their Practice’s Value
A practice valuation can give you an in-depth look at the way your practice performs. Whether you want to sell your practice right away or you’re interested in forming a
Exit Strategies for Your Veterinary Business
Starting your own or buying an existing veterinary practice may have been a dream come true, but things can change. Whether retirement is around the corner or your lifestyle has
Broker Tip – Retaining Associates For A High Value Practice Sale
Retaining associates is a requirement to complete a high value practice sale. Multi-doctor practice owners must plan ahead to retain associates during and after a practice sale. Sellers should accept
Broker Tip – Tracking DVM Production
When you sell your practice, most likely there will be a bank lender involved. Lenders want to see true DVM production separated from medicines and product sales. Change the way
How To Increase the Profitability of Your Veterinary Practice
Do you run a veterinary practice? If so, you may wonder, “What is a good profit margin for a veterinary practice?” Total Practice Solutions Group specializes in maximizing a veterinary
Risk Assessment When Acquiring a Veterinary Practice
Buying any business requires due diligence to ensure you know exactly what you’re purchasing and know the enterprise’s business, health, and safety risks. Risk assessments in veterinary practice are especially
Why Should I Buy a Veterinary Practice Rather Than Start One?
So, which is better: buying a veterinary practice or starting one? How much does it cost to start a veterinary practice? You’ll have a ton of factors to think about
Is A Joint Venture for You?
When selling your practice to a Private Equity Corporation, you will be faced with a choice. Do you sell 100% ownership and become an employee or do you retain a
What’s the Difference Between Veterinary Practice Brokers and Advisors?
Veterinarians know how to take care of animals, but the nature of their practice means that they may run into trouble when trying to sell their clinic. Veterinary practice brokers