Preparing Your Practice for Sale - And Selling It!
Wednesday, December 13, 2017
After years of hard work, you have grown a business that has going concern. But like most savvy business owners, you come to realize that it is time to transition and “pass the baton”, so to speak, to a younger professional who can carry the business into the next generation. But selling a business is a lot of work. And certainly selling a professional service business must be harder (or so you may think). Then the question remains: is it worth it? The short answer: absolutely. Sure, there are countless moving parts and factors to consider when selling a business. But with the proper planning and team in place, you can maximize your return on investment.
*What you need to know to get started
*Creating a timeline
*Valuing your practice
*Identifying the ideal buyer/partner
*Structuring the deal
*Avoiding pitfalls that make deals fail
*Due diligence: clean up your books
*Create a timeline: preparation, marketing, negotiate and close
*Value Your Practice
*Identifying a Buyer/Partner
*Structuring the Deal
*Pitfalls to Avoid