Brian Cavanaugh, co-founder of VetValue, speaks with Justine Lee, founder of VETgirl, about the long-term planning for a successful veterinary practice ownership transition, the evolution of the veterinary practice marketplace, current market conditions and what the future likely holds. A successful transition away from practice ownership involves more than just deciding to ‘sell my practice.’
Listen to the full episode: https://vetgirlontherun.com/podcasts/planning-for-a-successful-future-practice-ownership-exit-vetgirl-veterinary-continuing-education-podcasts/
See some select commentary below:
“When you’re first starting a practice or purchasing a practice from someone else, you should probably have about 10% of your mind share focused on long-term what you want out of this ownership experience.”
“Selling is really not like ‘I’m out.’ In most cases, it’s the beginning of a long and careful ownership transition process.”
“The process of discovering who the right buyer is the single greatest driver of value for you in selling your practice.”