As a practice owner,how do you value your practice? How much is it worth? Do you need a financial adviser during the exit and sale in order to increase the value of your practice’s worth?In this week’s episode, I will be joined by Iris Kimberg. Iris is a Physical Therapist, Occupational Therapist, and previous private practice owner. She started her first company, HTA of New York, Inc. from scratch 35 years ago, at a time when therapy agencies as we know them today did not exist. When she sold the company in 1996, it had three branch offices, 700 affiliated therapists and was generating $14 million in revenue.We will touch on such topics as:The value of your practice is determined by what you did in the previous years of your business.There are many factors that will make your practice valuable—the value makers and value takers.The more value-makers you can have in your practice, the better.The more value you have in your company, the greater the multiplier will be.In the world of selling, a tangible asset is the contracts that you haveWhen someone buys someone else’s practice, you are not just buying the existing conditions, you are buying the future.One of the things that you should build in your practice overtime is goodwill.In order for a deal to work, you have to be fair.   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.

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