AAEP Annual Convention Las Vegas 2009
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Building Value: An Ongoing Priority

Author(s):

E. Bellavance

In: AAEP Annual Convention - Las Vegas, 2009 by American Association of Equine Practitioners
Updated:
DEC 09, 2009
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1. Introduction
If your goal is to sell your practice for a future financial benefit, your practice is an investment and should be treated as one. All too often, practice value is made a priority when it is too late…when it comes time to cash in on the investment and sell the practice. Building value should be an ongoing priority.

For many veterinarians, their practice is their greatest financial asset and one that is relied on to help fund their retirement. How do we treat this significant investment compared with our other investments? Do we monitor our practice value as closely as we monitor our other investment values? Chances are you monitor your other investments on a regular basis for any increase or decrease in value.

We have significantly more control over the value of our practice investments than the value of our other investments because we have decision-making authority in our practices. We can make decisions that will impact value. Compare this to our ability to make decisions that affect the value of our stocks or bonds. There isn’t much comparison. Why do we spend so much time monitoring the value of investments that we have little control over and so little time monitoring the value of our investment that we do have control over? [...]

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Affiliation of the authors at the time of publication

Canadian Veterinary Consulting Services, 4106 Aberarder Line, R.R. #2 Camlachie, Ontario, Canada N0N 1E0

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The AAEP represents nearly 9,300 veterinarians and veterinary students in 61 countries who cover a broad range of equine disciplines, breeds and associations. The AAEP is primary resource for education, professional development and ethical standards for its members. The AAEP and its members are recognized as the voice and authority for the health and welfare of the horse. The AAEP conducts regular strategic planning every three to four years in order to establish priorities and set direction for the association over the current planning horizon.  The AAEP is a respected source of information for influencing public policy.  

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