Buy Out or Buy In? - Pros and cons to purchasing options

摘要

Becoming a practice owner is a goal for both many recent veterinary graduates and seasoned veterinarians. Along with its attendant risks, ownership can be rewarding; independent decision-making, greater control over your working environment, and the potential for financial gain are just a few of the benefits.According to AAHA's Compensation & Benefits, Seventh Edition, average annual income for associate veterinarians is just under $80,000, while practice owners earn an average of just over $118,000—a substantial difference. It should come as no surprise that practice owners also tend to work longer hours, are typically rooted in one location, and shoulder the financial risk and management decisions of the business.