A look at 2024 acquisition market shiftsFebruary 4, 2024These shifts include everything, from pricing dynamics, deal structures, seller profiles, the likelihood of deal closure, and more.
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Is more debt good for your financial future?July 28, 2020If you're hoping to buy or expand a practice, you may think your educational debt means you won't be able to get a business loan. Even if you could get funded, the very idea of adding a few hundred thousand dollars in debt may give you what is commonly, if not medically, described as the heebie-jeebies. It's time to change your thinking. Not only are you likely to be overwhelmed with lenders happy to do business with you, but owning a profitable practice is also one of the best ways to pay down your student loans in less time. That will leave you able to do things you'd like better than servicing personal debt. Think buying a home, saving for retirement or your kids' college fund, or going on real vacations. "Being in business for yourself and growing that business makes sense," says Greg O'Brien. He and his wife, Emily, own O'Brien Veterinary Group in the greater Chicago area. "Getting your mind set to do that can be challenging, even for a group of people as intelligent as veterinarians. Often, the first thing so many veterinarians need to do is examine and reprogram their relationship with money." Understanding the number …
AVMA VetVance video series teaches financial savvy to recent gradsApril 13, 2018 The American Veterinary Medical Association has developed a series of financial education videos to help new and recent veterinary grads gain a deeper understanding of finance management and advance financial literacy and overall well-being within the veterinary community. "Managing Your Finances" videos are available at VetVance.com. The VetVance video series is comprised of five learning modules: Debt-to-Income Ratio – Debt-to-income ratio calculator Managing My Debt – Debt management and budget optimization Investment Value of My DVM Degree – Veterinary degree return on investment calculator Planning for My Starting Salary – Answers to common salary and expectation questions Improving My Starting Salary – Tactics to help ensure salary growth The video series features Bridgette Bain, Ph.D., AVMA associate director of analytics and Charlotte Hansen, AVMA statistical analyst. VetVance, a project of Zoetis, is a free, web-based learning resource for the entire veterinary community. The VetVance modules are among many financial resources already developed by the AVMA. Other resources include: Personal Financial Planning Tool Salary Calculator Student Financial Resources Individualized Insurance Plans
