Therapy For Your Money
Welcome to Therapy for your Money, a podcast about all things money and finance for private practice owners! If you are ready to feel confident and in-control of your financial life, then you are in the right spot. Therapy for our Money is hosted by Julie Herres, the CEO and Founder of GreenOak Accounting. She and her firm specialize in working with private practice owners across the United States, and have assisted hundreds of private practices with increasing their financial stability and profitability. She is on a mission to share her best practices she's learned along the way through her successful career as an accountant, discusses financial topics with a wide variety of guests, and help her listeners make data driven decisions to help their businesses.
Therapy For Your Money
Episode 46: Tips for Increasing the Sale Value of Your Private Practice
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Season 2
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Episode 46
Your practice is a very valuable asset, and it's important to know how much it's worth! Whether you're interested in selling your practice in the next year, or you'd like to get a head start on increasing the value of your practice, today's episode is for you.
Episode Highlights:
- Key Drivers in Increasing the Sale Value of Your Practice
- Profit & Owner's Compensation
- More profit = more cash generated for your buyer
- Minimizing Debt
- Paying off business credit cards and closing loans both increase the value of your practice tremendously
- Organize Your Expenses to Paint the Best Picture
- To ease the transition, you want to make sure your expenses make sense to your buyer, and this is an easy step to be proactive about!
- EBITA = Earnings Before Interest, Tax, and Amortization
- Profit & Owner's Compensation
Links & Resources:
GreenOak Accounting
Therapy For Your Money Podcast