S08AP - The Business Side of Veterinary Medicine No One Talks About: What Practice Owners Wish They Knew When Starting, Buying or Selling a Practice

Tuesday, February 21, 2023

4:35 PM – 5:25 PM

Location: Mandalay Bay, Oceanside B, Level 2

Earn 1 CE Hours

Sponsored By

BANK OF AMERICA PRACTICE SOLUTIONS

Co-Presenter(s)

Alexandra Kohrs, BBA

Vice President and Business Development
Bank of America Practice Solutions
Plano, Texas, United States
Mariza Martinez, BS

Vice President of Business Development, SW Region
Bank of America Practice Solutions
Irvine, California, United States

Moderator(s)

BM

Bill Murray

Senior Vice President
Bank of America Practice Solutions
Boston, MA, United States

This program is designed for veterinarians who are wanting to learn more about the critical parts of starting, buying, partnering or selling their veterinary practice. Many veterinarians have had limited business education in regards to practice ownership and the course will provide a well-rounded discussion in regards to the current market, process to start or buy a practice, building the right team and common pitfalls of the practice journey.

Learning Objectives:

Understand current state of the veterinary market: Buyer/Seller Market, Corporate vs. Private Ownership
Know what are your practice ownership options as an associate or transition options as a current owner and where do you begin?
Identify the process of buying, starting, or expanding your veterinary practice and how to best prepare yourself for a successful transition
Identify the importance of understanding the “numbers” – Cash flow, Financials, Projections