Upcoming Seminar

More Info

Many veterinarians will only sell a practice once in their life. When it’s time to sell their practice, they often make mistakes, due to a lack of knowledge or understanding of the impact of the many decisions that need to be made. Many would-be sellers delay putting their practice on the market as they don’t know what to do next, and are afraid of a loss of identity that selling might bring.

This workshop will cover:

• Exit planning - how to get your practice ready to sell
• Understanding what you are selling
• The selling process - what to expect
• Various exit strategies, including walk-in walk-out, the incremental sale, sell-and-stay-on and grandfather
• Succession Planning – does your current structure provide for succession? What you need to do now to prepare for a new owner to take over the reigns (and how will you manage the transition?)
• Valuing Veterinary Practices – what is the potential value in your veterinary practice and methods for quantifying it?
• Legal agreements
• Effective strategies for the successful transfer of patients from seller to buyer
• The human element – which advisors will you need, who might be a potential buyer/successor and who will be impacted by your decisions?
• The Elephant in the Room: corporatisation and acquisition – what can it mean for you and your practice, post-sale?
• What to do next - work part-time, do locum work or simply retire?
• Tax implications and strategies on sale.
• Superannuation strategies on the sale of your business.

Learning Objectives

• Preparation work - how do you get your practice ready in order to sell?
• Learn which exit strategy option is right for your practice, and why.
• What to do if you plan to sell your practice in the next few years - how to increase its value, and what not to do.
• Understanding the different accounting considerations.

Upcoming Seminar

Register

At some point in your career you either decide that you enjoy the freedom of employment or desire the responsibilities and rewards of business ownership.

If you are at that point, then this is a seminar you don’t want to miss! This practical information day explains the red tape, planning and considerations you will want to know before you jump into an expensive and legally binding agreement that will change your life forever.

When you are properly prepared to purchase you will be positioned to make decisions quickly and avoid being gazumped by other buyers. This information day is being held in 3 locations around Australia to make it easily accessible for busy veterinarians with little spare time.

This workshop will cover:

• Why Buy? What are my options for acquisition?
• What are my choices for my future?
• How will I prepare and find a seller?
• What finances do I need to understand and have in order?
• Understanding Valuations
• Legals & Terms and Conditions of Sale
• Hidden costs, Transfer of goodwill and post sale checklist
• What sort of business do I want?