28 Jun Understanding veterinary practice valuations
Veterinary practice owners understand the use of a valuation for buying and selling a practice but may be unaware that a valuation can also be an important tool in strategic planning. A valuation report not only indicates to owners what their practice is worth but can also highlight areas in need of improvement by comparing a practice’s operations and spending habits to industry averages. Improvements in these areas may translate to greater cash flow in the short term and higher value when it comes time to sell. When to get a...