Joe Jordan will outline our 3 main tips for sellers in this video:
- Know your Numbers.
It's important for you to know how your practice is operating on a daily basis. Understand your production levels and expenses and focus on either increasing your production levels or keeping them consistent.
- Get your Practice Appraised.
It is important to know what your practice is worth prior to going to market. Work with a team who understands practice appraisals and will work to get you fair market value.
- Prepare and Build your Professional Team.
Prepare your CPA, attorney, broker and/or financial planners and have them work together to assist with getting you to your ultimate goal of transitioning your practice.
If you have any questions about selling a practice, we'd be happy to help!