How to own your own vet practice with less stress 

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Greencross Business Associate Partnerships
Dr Nick Taylor

This article is sponsored content brought to you by Greencross Vets.

It’s understandable vets may be hesitant to outlay finances and carry the risk of owning their own practice. There are other options available, with Greencross offering Business Associate Partnerships whereby you can receive an agreed percentage of profit share. Hear from some senior veterinarians who are enjoying leading their teams with full clinical autonomy and holding profit share without the risks or admin of outright ownership. 

Dr. Nick Taylor Vet Director at Greencross Vets Roseville:

“My partnership allowed me to take a financial stake in a business for a fraction of the cost required to start my own business, with the potential for a share of profits immediately, rather than waiting for a business to mature and clear its start-up debts. My team and clients responded positively to a leader with skin in the game and business has developed tremendously. My profit share paid off my investment in the program within a year and it has been clear profit ever since. The old adage rings true—the best investment you can make is in yourself.” 

  “I have been a practice owner in the past and to have Greencross Support Office take over the minutiae and tedium of actually running a business frees me up to focus on delivering excellent health care outcomes for pets and their owners and really share their health journey. It helps when your major partner is an accountant, legal and ethical advisor, HR guru, business analyst, education provider, buyers group advocate, marketing legend, E-Commerce maestro, IT Nerd and financial lender—on tap, all the time! 

“Greencross also has a world class training and education program which has enabled me to undertake procedure-specific education in techniques that are new to our practice—such as advanced ultrasonography and endoscopy.” 

“With Greencross, you can take this journey with less financial exposure, but with the same opportunity for reward with exceptional support from an industry leader that is equally vested in your success. ” 

Dr. Rob Van Drimellen Vet Director at Greencross Vets:

“I had spent some time in my practice, liked the locality and didn’t want the challenges of building a practice from the ground up. In order to purchase an existing practice, I would have had to sacrifice a lot and relocate, with added risks I wanted to avoid. The fairly seamless transition from Vet Associate to Vet Director and Business Agreement (BA) holder in a successful practice that I helped establish, made a BA agreement very attractive”.

“With a fulltime practice manager and management to assist, I have been freed up enormously to spend more time doing what I love as a clinical Vet. I feel my workload is significantly less than colleagues who work tirelessly to run their own practices. 

“With my team, we have the liberty to tailor the fine tune running of the practice according to our ideal protocols and procedures, which helps us feel comfortable and confident in our workplace. We have a lot of freedom to practice our craft the way we want to.”

“With options of being a sole charge owner in a private practice or a BA holder in a multi-vet practice, I would encourage the latter for a less stressful future. I believe having a BA gives you the best of both worlds—the ability to share in practice profits but without the added stress of running your own practice outright”.

For a confidential conversation contact Derek Del Simone, General Manager – Talent & Mobility 0417 202 998, or email derek.delsimone@gxltd.com.au 

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