Blog
A Signing Bonus May Not Be the Answer
Associate-centric point of view… There is a way to financial security and ownership for associates. Unfortunately, a signing bonus will not get you there. The numbers below are for illustration purposes and are not based on an actual valuation. Plan A: a $1M revenue...
Exit Options for One Doctor Practices
It may sound crazy, but have you considered giving away partial ownership, let’s say 30%, to an associate? If you can convert/reinvent a 1 doctor practice to a 2 doctor practice by giving away 30% of equity to an associate, you will most likely come out ahead. Before...
Why Me?
What makes Unique Practice Valuations, well, unique? This is a fair question. Let’s first take a look at the industry players in veterinary medicine. Then how my practice, Unique Practice Valuations, gives clients an edge and maximizes value. Veterinary Practice...
Part 6 of Valuation Basics – Conclusion
Before starting on LinkedIn, the closest thing to writing that I did, besides company emails, was writing on coworkers birthday cards. In less than two months, I have gone from being a numbers guy to a quasi-blogger. Who knew this could happen…not me. I started this...
Part 5 of Valuation Basics – Everything Else in the P&L to Consider
We are almost to the end, and next week, I will provide an Excel based presentation to pull together everything. In the meantime, below are the P&L expenses to evaluate with valuation implications. Apply valuation adjustments to eliminate the following expenses...
Part 4 of Valuation Basics – Facilities & Rent
The last major group in your P&L that you should not overlook is the facilities and rent group. It does not draw the attention like Salaries and Wages nor is it as obvious as Cogs, but generally speaking, it presents favorable valuation opportunities. Let’s start...
Part 3.5 of Valuation Basics – P&L
Before we get to the Facilities and Rent group article, we will take a slight detour and talk about why you need a great P&L. I saw a veterinarian post recently and the source of the post was from the AAHA website on Chart of Accounts (link will be provided in the...
Part 3 of Valuation Basics – Salaries & Wages
The biggest cost category in your P&L (Profit & Loss) will be the Salaries and Wages group. As such, it will be difficult to have a favorable practice valuation if salaries and wages are sub-optimal. Now, let me add a big disclaimer; optimal Salaries and Wages...
Part 2 of Valuation Basics – COGS
Why is a practice valuation important? Why should you know the market value of your hospital? The obvious reason might be to put your practice on the market to sell. Another great reason is to help run your practice more effectively and efficiently. It may be for...