Misconceptions When Preparing Your Therapy Practice For Sale with Jason Hiebert
Episode description
As a therapist who wants to retire, what are the misconceptions you need to avoid when preparing your therapy practice for sale, especially when you underestimate the value of the business, and have unrealistic expectations about the process? What's the one thing that you can do to be sure of a successful outcome in order to maximize the value of your business so you can transition to your next phase with a plan?
This week's The Dave Kittle Show episode, Dave Kittle welcomes back Jason Hiebert. Jason Hiebert began in M&A when he first sold his software business in 2000. He has founded Genki Capital and Mihama Acquisitions closing on transactions in almost every region and state including 11 physical therapy transactions during COVID-19.
Jason Hiebert and Mihama Acquisitions have helped 225+ therapy owners sell their practices. With healthcare clinics sold across the country, we are one of the leading intermediaries in the country based on transaction count.
We will touch on such topics as:
- Running your business the best way you know how — even if that might mean “against the grain” of what everyone else is doing — is one of the right ways of running things.
- There is a deal structure where you do not have to incur all the risk when opening a new clinic.
- If you have yet to unlock your net worth, it's mostly because you've been waiting too long.
- There’s no need for you to say the “price”, just say you are testing the water and let the market dictate the value of your business.
- It is very important to understand the market value of the business – start to test the market of the business, and work with someone who has experience creating and managing profitable businesses.
- Go to the market, get all the buyers that are bidding on your business - this valuation helps to understand more about the company that they are planning to buy, before making an offer to buy.
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Connect with Jason:
Website: http://www.mihamainc.com
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
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