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Do You Need A Letter Of Intent? What They Are & How to Beware

Letters of intent (LOIs) are used in veterinary medicine during employment and practice sale negotiations to put preliminary terms into writing. They can be useful for planning but unclear expectations and ambiguity in LOI language – particularly about the...

Emergency Succession Planning for a Sole Owner

Ahhhhhh, you did it!  Relaxing on the beach enjoying your first vacation since you opened your veterinary practice a decade ago.  You start thinking about how far you have come building your business from the ground up and finally reaching the point where you can take...

Path To Partnership

Veterinary medicine is among the most unique careers in the world, with an incredible breadth and depth of knowledge shared among veterinarians. Over the course of a veterinarian’s career, he or she may learn about everything from alpaca anatomy to zoonoses like Zika....

Competing With Corporate Consolidation

The landscape of veterinary practice is definitely changing, with corporate buyers investing heavily – and this isn’t a brand new trend. In fact, DVM 360 offers up these examples from 2007: Summit Partners, a private equity and venture capital firm, invested $128...

Negotiating a Commercial Lease

If you need to sign a lease for your veterinary practice’s location, here are a few tips to help you to successfully negotiate a commercial lease. Examine the Premises Carefully This includes the HVAC, plus electrical and plumbing systems, although even careful due...

Planning a Stress-Free Road to Retirement©

Succession planning. Two words when placed together make your heart race in light of the decades spent building this hospital from the ground. Who am I going to sell to? How am I going to sell? What do I value my practice at? When is a good time to sell? These...