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How Veterinary Practice Owners Can Have Happier Holidays

Dec 26, 2014 4:36:17 PM

HappierHolidaysYour practice and its value could be the key to happier holidays. Selling your veterinary practice with our Sell & Stay Program would allow you to fund your retirement, continue to earn income, increase your vacation time, lower your stress, reduce management headaches, and improve the quality of your life.

Management experts promote programs that result in the doctor working faster, harder, and longer. Gross income becomes the doctor’s indicator of success...not happiness!

The children and the grandchildren come home for the holidays because the doctor could not possibly travel to be with them as that would mean being away from the practice. And, being away from the practice is unacceptable.  Not only does the doctor lose the income he would’ve otherwise generated, he has fixed costs such as rent, lights, gas, and water as well as staff and other overhead to pay. Therefore, the bills keep coming but the money does not.

What if you could cash in on the value of your practice now and continue to practice for five, ten or even fifteen years   to pay for your living expenses. What if you could jumpstart your retirement by contributing the money you earned from the sale of your practice to your pension plan (for your benefit only, no staff contributions).

Veterinarians should try to get control over their lives. Don’t live to practice... practice for a living! Establish your personal needs, set business and personal goals, then look at your practice and see what role it should play in your future. If you want to eliminate management stress or lighten clinical responsibilities, then take appropriate action. Don't sit around bemoaning the fact that you are unhappy; do something about it! Travel and see the world. Try fishing and hunting or even sailing. Do it while you still have your health and the energy needed to make a change.

Your practice and its value could be the key to happier holidays.  You can sell your practice, fund your retirement program, continue to earn income, increase your vacation time, lower your stress, reduce management headaches, and improve the quality of your life.  You can do this by selling your practice to someone who enjoys management, marketing, and human resources while you work for the buyer on the same patients you have all these years.  It’s called a merger sale.  It could be your key to happier holidays.

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