The Three Things You Need To Exit From Your Practice

I’m going teach you three things it takes for you to be able to successfully exit from your physical therapy business and be on vacation like I am right now in Long Beach, California and pretty much live the life you want and live a life with freedom and independence.

 

The first that you need in order to successfully exit from your practice:

  • You need to have systems in place the (1)

So that you can step away so that anybody who comes into your clinic can simply pick up your system and take your place, take the place of any staff member who leaves or quits or who’s fired all of a sudden.

  • You need to have the right people in your practice

 

When you find the right people, they’re the ones who are going to help your practice grow. So nurturing, finding, recruiting the right staff members is absolutely critical for you to grow your physical therapy business so that you can live a life of freedom and independence and step away anytime if you have to.

  • Right financial documentation

One of the most important things if you want to exit your practice is the right financial documentation. You need to have the right documents in place because remember a buyer who wants to buy your practice is most likely going to have all your financials independently verified, independently checked by a third party accountant. It’s important for you to have all the documentation in place:

  • Your patients
  • Your average income per patient
  • The number of visits you do
  • The contact information of your referral sources
  • What’s the average revenue from some of your referral sources
  • What are the number of visits you saw throughout last year
  • The number of visits per therapist so on and so forth

Having the right systems, having the right people and having the right documentation for your physical therapy business is absolutely critical for you if you want to retire or step away on vacation on a beautiful places like Long Beach in California. Make sure you’re doing this and you’re setting the stage for you to step away from your practice if and when the time comes because you never know when, if you need to make a decision for your clinic. Make sure you have the right systems, the right people and the right documentation in place so that you can set the stage for exiting your practice if you decide to.

 

Join us for the #1 Rated Physical Therapy Business Conference in the Country.

www.ignitionevent.com <——— Click here to secure your tickets before the price goes up.

Ignition 2

September 23, 24, 25 in San Diego, CA.

Tickets are 65% off for a limited time.

We only have a certain amount of tickets available at this price, so
CLICK HERE TO SECURE YOUR SEAT

Leave a Reply

Your email address will not be published.