How To Get an Extra $725,000 When You Sell Your Physical Therapy Practice? (Part 2)

You might be ready to slowly retire from your physical therapy practice, but how will you build your business up to thrive after you leave? How will these steps help you make your  business unique and valuable to your future buyer? This week's The Dave Kittle Show episode, Dave Kittle goes solo and talks about the second part of the 21 ways you can segment your therapy practice business so that other people can take over the tasks that are holding you back from retiring as early as possible! In this episode, he will touch on such topics as:Buyers are interested in practices where the owner has developed and curated a practice that is thriving on its own. Create and automate your practice’s key performance indicators. (KPIs)Set up a notification system where the leading indicators are forecasting a future problem. Create and automate a set of lagging indicators that reliably show how your business is performing. Put your patients in a recurring billing plan in order to attract, retain, and grow a loyal client base. Create a Standard Operating Procedure (SOP) around your transaction or billing that is outside of your traditional insurance billing.Why you need to create a three-month cash flow forecastInstall or hire a clinic director in each location.  Removing your name from the company website and replacing the profile or the bio of your general manager, your president, your vice president, or your second in command.P.S. Subscribe, rate, and review HereAnd, 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: [email protected]: @davekittleLinkedIn: https://www.linkedin.com/in/davekittle/orCall (646)-781-8884 Hosted on Acast. See acast.com/privacy for more information.