Key Takeaways: Financial clarity begins with understanding core numbers like revenue and net income. Organizing across cash flow, assets, liabilities, and protection creates better decision-making. Constant reactivity (“momentum loops”) prevents owners from seeing the bigger picture. Dedicated time for reflection is essential, not optional, for financial clarity. Clear goals and values help owners build the […]
Key Takeaways The biggest financial mistake practice owners make is failing to separate business profits from personal wealth planning. A practice should help build personal wealth, not just business value. Enterprise value (sale price) and income value (lifetime earnings) must be managed together. Over-reliance on a future sale increases financial risk and pressure. Intentional income […]
What’s the biggest financial mistake veterinary practice owners make? In this episode, Tom Seeko of Florida Veterinary Advisors explains why many owners unknowingly trap their wealth inside their business by failing to distinguish between business profits and personal financial planning. He breaks down the difference between income value and enterprise value, and why focusing only on […]
Key Takeaways Most vets say they feel “unburdened” and noticeably lighter once the sale is complete. They can still practice medicine but without the constant pressures of ownership. They finally regain their free time, allowing them to attend their kids’ activities, revisit hobbies, and take more vacations, often for the first time in years. They […]
Selling a veterinary practice is often discussed in terms of numbers, valuations, offers, multiples, and tax outcomes. But for many owners, the emotional shift that follows the sale is just as meaningful. In this episode of 360 Half Seconds, Marketing Director Bonnie Ruszczyk sits down with Vice President of Sales & Business Development, Kia Banisadre, […]
Key Takeaways Selling is both a business and personal decision: Beyond financial outcomes, legacy, staff well-being, and patient care should shape the deal. Start planning years before you’re ready to exit: Most buyers expect owners to stay on for 3-5 years post-sale, so early preparation is key. Competition drives value: Running a structured sales process often improves […]
In the latest episode of 360 Half Seconds, host Kia and Matt talk about what “good accounting” really means when it comes time to sell your veterinary practice. While accounting may not be the most glamorous topic, Matt emphasizes how critical it is to a successful business sale. Poor accounting, he warns, is one of the […]
Thinking of selling your veterinary practice? In this episode of 360 Half Seconds, Kia and Matt break down why good accounting is essential for a smooth and profitable sale. Matt explains the difference between tax, audit, and managerial accounting, and why managerial accounting is key when it’s time to go to market. From clean, reconciled […]
When a veterinary practice has multiple owners, selling the business becomes more complex—but not impossible. In a recent episode of 360 Half Seconds, Matt and Kia tackled one of the most common and nuanced scenarios they encounter: How can a group of partners successfully navigate the sale of their practice? Alignment Is Key The biggest […]
In this episode of 360 Half Seconds, Kia and Matt dive into one of the most common — and complex — questions they receive from veterinarians: How do we sell our practice when there are multiple owners involved? They share why alignment among partners is crucial before going to market, how decision-making frameworks can make […]