Lessons From A Practice Buyout with Dr. Brianna Rhue

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In this episode, I sit down with Dr. Brianna Rhue, owner of West Broward Eye Care in Tamarac, FL to discuss her recent buyout of her partner to become sole owner. 

Key Takeaways

1. Timing is a critical part of the process. Put in the time and energy ahead of time to set the course for partnership and buyout.
2. Invest in the relationship with the partner. Build trust, be transparent, and be up front about expectations and the plan.
3. There are a number of ways to valuate the practice and they often result in a significant difference to make up. Negotiate appropriately. Consider using the cash flow as the tool for agreeing on the purchase price.
4. Private practice success rate is high, making financing relatively easy. This is less of an issue to secure the money to purchase.
5. Transitioning both patients and staff is key to success.

What Dr. Rhue is reading:

• Buy Back Your Time by Dan Martell