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Buy a Practice

MP900321080In today’s economy, it is even tougher to run your own Practice than it was ten years ago. Being a successful entrepreneur now takes more dedication and knowhow than ever before. Even though there is no greater satisfaction than to own your own Practice, you must make sure than you are prepared for the sacrifice and risk that it will take to get started. Below are some questions you should consider before buying:

  • Look for an Advisor to assist your purchase
  • Can I be a caring leader and Veterinarian at the same time?
  • What are my professional and personal goals in 5 years? 10 years?
  • Is the reward worth the sacrifice?
  • Am I doing this for the right reasons?

If you are set and ready to be your own boss, there are several other items you need to have in order before you are ready to purchase.

  • Is your credit in good shape? What financing options are you willing to look at?
  • Location! Have you checked or investigated the demographics and demand for service in the area that you would like to service? Is buying the Real Estate better than leasing?