How to purchase a veterinary practice

Working capital is the money available to a business to fund its day-to-day operations. Your accountant could explain that working capital measures your practices liquidity, efficiency, and overall health, and includes cash, inventory, accounts receivable, accounts payable, the portion of debt due within one year, and various other measures. But for you, as a working vet, t

Starting a new vet practice can be daunting because you are also setting up a business. You want to provide quality care and to make enough money to run the business and achieve a reasonable lifestyle. You can’t do one without the other. Like any other business, setting up a veterinary practice will require funding - but how much will you need? Costs depend on loc

You worked hard to gain your dental qualification, and probably found that you had to work even harder when you first set up your own dental practice. Simply running your own business might give you a good living - but for the real rewards that the profession can offer, you may find you need to grow your business to take it to the next level. Of course, there are a limited numbe

Setting up your own practice can be the most rewarding way to use your own podiatry - or chiropody - qualification. Your own practice will mean all the responsibilities and challenges of running a business, but it could also mean a turnover of £250,000 if you build your practice into a clinic with junior practitioners. And - as long as you get some expert help with your finan

As well as ensuring the successful delivery of dental services to your clients, you also need to ensure that your business has the ability to grow and expand into new areas. One way of achieving this goal is by purchasing a competing practice or purchasing an existing practice in another area. However, buying a dental practise isn’t a simple goal

As both an optician and a business owner, ensuring that your practice has the means to achieve a sustainable future will, no doubt, be at the top your agenda. Yet as essential as growth is, merely possessing the desire to see your practice prosper and grow isn’t enough. That’s why, in an industry where customer loyalty is fickle and rife with competition, delivering an effective gro