How To Transition Out Of Your Practice And Get Its Maximum Value with Eric Miller
Episode description
Have you ever thought about how you would go about selling your business? Are you in the position where you are looking to retire but don’t have a plan as to how to best do that yet? Or maybe you’re just ready to move on to a new opportunity and want to ensure your business is secured by having an exit strategy?
In this week’s episode, I will be joined by Eric Miller. Eric is the Chief Financial Advisor and Co-Owner of Econologics Financial Advisors, LLC based in Largo, FL. For Eric, there’s no greater feeling than inspiring practice owners (mostly physical therapy owners) and helping them eliminate financial uncertainty. His specialty is creating and implementing the Econologics Roadmap and ARMoR annual reviews for clients, allowing them to reach their goals now and far into the future.
We will touch on such topics as:
- What is the best investment for private practice owners?
- As long as you have the right mindset, you'll find that entrepreneurship can be incredibly rewarding, liberating and exciting.
- Selling your business is tricky and a burnout can make things worse most of the time. You need to understand you're under a lot of stress, you'll be driven by emotions, and will rush important decisions. How can you avoid selling your business at the wrong time?
- What are the value drivers in your private practice?
- Does a private practice owner need a broker?
- The formal process of making an exit strategy happen.
- Utilize your cash flow better so when you are ready to sell your business you are now financially ready.
- The challenge of owning the building and the business when you are ready to sell can quickly become overwhelming if you're not prepared.
- Your owner and executive skills are much more valuable than you think — helping you have a lot of value in your private practice when you are ready to sell.
P.S. Subscribe, rate, and review Here
And, if you like what you hear from the host, Dave Kittle, then it's possible that he and his team, The Fieldmaker Group, may be interested in acquiring some or all of your physical therapy practice.Connect with him on:
Email: Dave@Conciergepainrelief.com
Instagram: @davekittle
LinkedIn: https://www.linkedin.com/in/davekittle/
or
Call (646)-781-8884
Hosted on Acast. See acast.com/privacy for more information.