In this episode of The Veterinary Insider Podcast, Dr. Bonnie Bragdon sits down with Dr. Mark Helfat, author of The Happy Veterinarian and founder of Veterinary Practice Transition. Dr. Helfat shares his journey into veterinary medicine, the value of independent practices, and how these businesses contribute to their communities. He also provides strategies for overcoming the challenges of selling practices, including NOLO practices, and debunks myths around ownership. The conversation addresses the corporatization of veterinary medicine and its impact on the profession. Dr. Helfat offers practical advice for valuing practices, securing financing, and ensuring smooth ownership transitions while maintaining the profession’s integrity. Dr. Helfat’s book, The Happy Veterinarian, is filled with actionable tips for thriving in veterinary careers. His website, Veterinary Practice Transition, connects buyers and sellers with tools for successful practice transitions. He also encourages listeners to explore his editorial, "Saving the Soul of Veterinary Medicine," on VIN for a deeper understanding of preserving independent practices. Tune in now! Listen on your favorite podcast platform or visit ivetinarians.org. Don’t miss this episode packed with insights, stories, and resources for veterinarians at every career stage! Full episode here: https://youtu.be/uSlruyhlfLA #VeterinaryMedicine #IndependentPractice #PracticeOwnership #VeterinaryTransitions #VetCare #TheVeterinaryInsider #VetSuccess

00:00 - Navigating the Transition: Self-Care for Retiring Veterinarians 02:51 - The Journey to Veterinary Medicine: Passion and Purpose 06:12 - The Impact of Corporatization on Veterinary Practices 09:03 - Corporate vs. Independent Practices: What Can Be Learned? 11:48 - The Future of Veterinary Medicine: Trends and Predictions 15:08 - Facilitating Practice Transitions: A New Approach 18:12 - Understanding NOLO Practices: Opportunities and Challenges 21:06 - Advice for New Owners: Starting Strong 24:00 - Emotional Aspects of Selling a Practice 26:56 - Success Stories and Mentorship in Veterinary Medicine 30:08 - Finding Happiness in Veterinary Careers: Alternatives to Ownership The podcast for veterinarians who own their medicine, their profession, and their success. The Veterinary Insider podcast is powered by the Independent Veterinary Practitioners Association and hosted by co-founder and immediate past president, Dr. Bonnie Bragdon. The IVPA is the only association exclusively dedicated to keeping veterinary practice ownership a sustainable lifestyle and career option. Member benefits include discounts on products and services that drive practice profit, as well as opportunities to change the course of the veterinary profession.