Considering What's Next for Your Practice?
NVA Community
Thinking about the next chapter in your life can be overwhelming, exciting or something in between. At NVA, we know you have options when it comes to the future of your practice and we are here to make sure that you understand them.
With the veterinary market continuing to grow and the increasing investment of time, energy and resources needed to run a successful business, many owners may find themselves thinking about an exit strategy. Whether you are looking for a path to retirement or an opportunity to step back and focus on medicine, it's important to evaluate your options and understand the partnership process.
Join the NVA team for a fall webinar series focused on the basics of selling - from knowing when it's the right time to explore partnership options to better understanding the value of your practice and ensuring a smooth transaction and transition.
All webinars in the series are free and open to the public. Each session will offer a question-and-answer section where attendees can anonymously ask questions of the panelists. Please use the links below to register for each webinar separately. After registering, you will receive an email confirmation with details on how to join each individual webinar.
To sell or not to sell - Is that the question?
How to know when it's the right time to sell your veterinary practice
Wednesday, August 25, 2021: 7:30 - 8:30pm EST
Your practice is thriving, and you are proud of what you have built. Unfortunately, like all business owners, you've realized that success often comes with a steep price to pay in terms of lifestyle. The increasing investment of time, energy and financial resources in your practice may have you thinking about an exit strategy or partnership opportunity that allows you to step back and focus on medicine. But, how do you know when it's the right time to sell?
Join the NVA team for a panel discussion on how to determine when it's the right time to sell your veterinary practice. Panelist will include NVA finance and business development experts and current NVA partners who will discuss important questions every practice owner should ask themselves if they are considering a partnership.
CLICK HERE TO REGISTER >
Taxes, Taxes, Taxes!
Understanding your practice tax liability
Thursday, September 16, 2021: 7:30 - 8:30pm EST
Selling a veterinary practice is a complex financial transaction often with complex tax implications. NVA finance and business development experts will help you better understand your practice tax liability so that you can work to avoid any unwanted surprises during the sales process.
We'll also discuss the current state of federally regulated tax implications as well as transition tax strategies including deductions, credits and deferrals.
What to Expect When Selling Your Practice
A comprehensive overview of the NVA Partnership process
Thursday, October 14, 2021: 7:30 - 8:30pm EST
Selling your veterinary practice can seem like a daunting endeavor. But at NVA you have options and we're here to make sure that you understand them. Join the NVA team for a panel discussion covering the entire partnership process - from practice valuation to post-sale integrations.
We'll discuss best practices for preparing for a partnership, how to determine the right buyer and an overview of the financial review process and letter of intent. Plus, you'll get a sneak peek into the NVA transition process with tips for how to discuss a pending partnership with your hospital leadership and team.
EBI-What?
Understanding EBITDA and the value of your practice
Thursday, November 18, 2021: 7:30 - 8:30pm EST
What is my practice worth? For every practice owner, that is the million-dollar question. You have poured a lot of blood, sweat, and tears into building your practice, but those sacrifices do not have a price tag. There are, however, factors that will help determine how attractive your practice is to a potential buyer.
Join the NVA finance and business development team for a comprehensive overview and explanation of the most significant financial metric that determines the value of your practice - EBITDA (earnings before interest, taxes, depreciation, and amortization) – and how small changes could lead to an increase in value.
Don't Derail Your Deal!
Common roadblocks to avoid during the sales process
Thursday, December 16, 2021: 7:30 - 8:30pm EST
You've spent countless hours weighing the pros and cons and finally made the decision to sell your practice. After months of research, you've found the right partner for your practice and are in the middle of the financial review when, bam! You're blindsided by an overlooked detail that derails your transaction.
Join NVA for a panel discussion as the business development team shares insights and examples of personal, financial and operational roadblocks and how to avoid these common deal breakers.
