How to Know When It’s Time to Sell Up (Or Not)

Ever thought about selling your business? Or looking to explore the concept a little further?Here to give you the opportunity to dip your toes into the water is Michael Kerr – Founding Director of Kerr Capital. Kerr Capital advises business owners on whether it’s the right time to sell, and what their business is really worth.Michael shares his insights on when and why an allied health business owner would reach out and engage Kerr Capital to get their business valued.You’ll hear all-things business value, Michael’s philosophy on valuing businesses, as well as the process of evaluations – including the art and science of your actual net profits.I’ve heard it all – allied health business owners not thinking that their business is too small, or thinking, “Would anyone even want to buy it?” (Something that honestly makes my business heart break). Then there’s the owner that just limps along until they have to make that tough decision about which way it’s going to go.That’s what makes Michael’s insights so valuable, as he gets into the nitty-gritty of the main reasons people come to him to get their business valued, and what “exit” really looks like.At the end of the day, it’s all about reclaiming your time and lifestyle if you’re going to sell-up. You could even be increasing the value of your business because you’re proving that it can run on less of your input.But if you’re not ready to sell, that’s okay too. It’s just about being fully aware of where your business is at, and also be aware of the risks on both sides.Practice Managers Academy starts in July! It is now back with a bang and more intensive than ever! Sign up for our 12-weeks Practice Managers Academy here! Or just click on the link anyway to know more…See omnystudio.com/listener for privacy information.