You’ve spent years building a great practice and are closing in on retirement... Selling your practice isn’t an easy process, all things considered. Here are questions to ask yourself that can help determine if it’s the right time to sell.
The due diligence is done, and you and the buyer are satisfied with the deal. You’re getting ready to schedule a closing date where you and the buyer, along with your AFS Consultant and other professionals, will dot the I's and cross the T’s. So what should you expect before crossing the finish line?
IMAGINE THAT YOU OWN A practice with, say, $500,000 in annual revenues. You started it 30 years ago; you persevered through lean times, built a loyal staff and a satisfied customer base. Your hard work and risk taking has paid off and you’re now turning a decent profit.
Growing business value should be the ultimate goal of every business owner. Actively engaging in ongoing, focused efforts to grow value is the only true way to ensure the well-being of the company, the customers, the employees and the owner’s Life Beyond Business.