BizQuiz: What's your practice ownership IQ? (answer 3A)

3) A-You're thinking like an owner.

As the saying goes, “You must spend money to make money.” By buying into a practice, you're putting your money into a long-term business that can really pay off. But buyer beware. A veterinary practice isn't successful, just because it exists. You must tend to the business side of the practice to ensure your investment grows, rather than shrinks.