How and why should you diversify investments beyond your practice? True diversification means holding assets with different locations, allocation and taxation. Find out more about smart investing and other financial planning tips to start the new year.
When you are thinking about selling your practice you have to carefully consider capital expenditures—just like when you are selling a home. Balance setting aside money for retirement with keeping your practice up to date.
Husband-wife DVMs Mike and Brooke Certa found a way to buy and build up their own practice, despite a heavy burden of student debt. They’ve even opened a second location.
Do you have a vision for your practice but don’t know how to get there? Or do you wish you could leave for more than a few days and know your practice will continue to consistently perform in your absence? Set the stage for improved business results.
Financial independence looks different for everyone, because we all have unique goals. But retiring well is completely within your grasp and within your control. Are you following financial behaviors that will put you on the path to financial independence?
Even if you don’t plan to sell your practice for decades, you can’t start monitoring its worth too early. Establishing and tracking profitability benchmarks will improve your bottom line now—and get you top dollar when it’s time to sell.