What’s the Best Exit Strategy for Physical Therapy Practice Owners? with ​​Michael Piekutoski

As a business owner, are you thinking about the next chapter of life? Are you considering exiting your practice? What strategy can you use to exit on your own terms? How big do you need to grow your practice to get the kind of cash payout that you are looking for at the end? How can an owner like you quantify or value your practice while remaining comfortable and sleeping better during the transaction? This week's The Dave Kittle Show episode, Dave Kittle will be joined by Michael Piekutoski. Michael Piekutoski is a Physical Therapist and the Founder, Advisor/Consultant at PT Practice Sales & Consulting. He’s been in the PT world for decades and, among many roles, was the VP of Operations for a national PT company. And, now, he helps therapy practice owners with the start of their exit planning and succession planning all the way through finding buyers, conducting negotiations, and getting owners top dollar for their practice. Mike has completed over 50 PT transactions for over $115 Million in value. You can learn more about Mike and his firm’s services at physicaltherapybrokers.com or you can email him at [email protected]. We will touch on such topics as:How an “exit strategy” is defined in relation to therapy practice and owner dynamics.The timeline and tools an owner should think about when considering an exit strategy.If you can eliminate the red flag issues or identify a couple of things that will help improve the value of your business over a 6 to 12 month time frame and you can implement those and demonstrate the value of that when you go to process, it will help make your business more attractive and valuable upon your exit.The Physical therapy business will always be a relationship business. If other businesses don’t have the kind of relationship that you developed over the years are not going to be successful.When it comes to acquisitions, the thing that a buyer is purchasing is the relationships that you have built. P.S. Subscribe, rate, and review Here And, 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.