Dr. Erica Person: Lessons from Two Decades in Hearing Healthcare

In this episode, Dr. Erica Person shares her journey from selling her first audiology practice to building a new one with a unique fee-for-service model. Dr. Person discusses how prioritizing service over devices has kept her business thriving despite industry downturns. She also offers valuable insights on preparing a practice for eventual sale, including the importance of clean financials, replacing yourself in the business, and building with your exit strategy in mind from day one. Explore the full episode page to watch a video or read a transcript of the full interview.

Chapters

• 0:00 Introduction
• 0:28 The Fee-for-Service Model in Audiology
• 7:10 Preparing a Business for Sale
• 9:13 The Value of Detachment When Selling
• 10:34 The Importance of Using an Advisor
• 11:43 Future Growth Ambitions
• 22:30 Balancing Business Success and Family Life
• 23:34 Contact Info and Closing