Do you know the key ingredients to a quality bourbon—and how they may be similar to running and selling a successful veterinary practice? In this episode, we sit down with Ben Pate, Director of Business Development at Lakefield Veterinary Group and a seasoned businessman with experience in both the bourbon industry and the veterinary medicine space to discover these surprising similarities.
Listen in as Ben gives his insights on why companies should be actively recruiting and how finding a business with the same values as you can make a difference. You’ll learn some reasons many veterinary offices struggle to succeed and why a corporate consolidator can be an excellent option for smaller businesses. He also discusses the importance of considering how you may want to transition out of your business into retirement someday.
Listen to the Full Episode:
What You’ll Learn In Today’s Episode:
- Some similarities between the business side of veterinary medicine and bourbon.
- How a corporate consolidator can be a good option for smaller businesses.
- Why many veterinary offices may struggle to make their businesses work.
- Reasons to consider how you will transition out of your business into retirement.
Resources In Today’s Episode:
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Disclosure: Travis York is the owner of Three and One Vet Advisors and a partner of SignatureFD. Three and One Vet Advisors is a veterinary consulting and strategic planning firm of which SignatureFD has no involvement or ownership. James Yost is a partner and wealth adviser at SignatureFD. SignatureFD is an investment adviser registered with the U.S. Securities and Exchange Commission. Three and One Vet Advisors and SignatureFD are not affiliated. Mr. York provides all non-investment advisory services through Three and One Vet Advisors. The opinions of the guests and the contents of this podcast are intended to be educational only and should not be relied upon as investment, tax, business, or planning advice. You should consult with a professional advisor prior to taking any course of action that may impact you or your business.