In this webinar, we will explore the critical steps to ensure a successful exit from your practice, focusing on both financial and emotional readiness. You’ll learn how to maximize the value of your practice, plan for a comfortable retirement, and make informed decisions on selling when the time comes, ensuring you live life on your own terms post-exit.
Key takeaways:
- The two essential phases of exit planning: financial readiness and emotional readiness.
- How to determine your true financial needs for retirement and how to close the wealth gap.
- Strategies for increasing your practice’s value to ensure a high sale price.
- The impact of burnout on your decision to exit and how to manage emotional readiness.
- Different exit options: selling to a competitor, an associate, or a private equity group.
- The importance of building multiple income sources beyond the practice for financial stability.
- The key team members you’ll need for a successful exit, including financial, legal, and tax advisers.