How to Ensure you are Ready to Exit Your Practice With Plenty of Wealth
0.5 CE Credit Hour / Veterinarians & Veterinary Technicians
Overview:
Selling your practice might be the biggest financial decision you ever make, but most owners wait too long—or plan too little—only to exit under stress, with less money than they should. In this webinar, we will share the core financial and emotional strategies every practice owner needs to understand to exit successfully, protect their wealth, and retire confidently.
Learning Objectives:
- Understand
the 2 phases of exit planning and identify which one most owners
completely overlook
- A
financial formula to determine if you’re truly ready to sell (and what’s
still missing)
- How
to avoid emotional burnout that could cost you millions in sale value
- Identify
5 practice value factors that impact your sale price and how to influence
them
- How to create multiple streams of retirement income before you sell your business
Eric S. Miller, RFC
Eric has served over 20 years in the financial industry and co-owns a national financial planning company dedicated to serving the needs of healthcare owners. He has personally had over 20,000 conversations with practice owners at every phase of ownership. He has published countless articles, videos and podcasts on various financial topics and is an expert on matters concerning creating economic independence for a practice owner’s business and household. He has recently published a book “How To Become a Financial Beast” which quickly became a bestseller on Amazon.
Moderator Cody Goldstein
Cody Goldstein has firsthand working knowledge of the challenges healthcare practice ownership can bring. With more than 14 years’ experience in business administration and having spent two of those years successfully running a 7-figure clinic in Maryland. He moved back to Florida and joined Econologics Financial Advisors shortly after the pandemic and since has had hundreds of conversations with practice owners at every phase of ownership. Cody’s well-rounded knowledge equips him to provide productive introductory consultations with prospective clients to help them navigate the relationship between practice and personal finances through the indoctrination of proper financial planning and education.
This course is RACE-approved for 0.5 continuing education credits hours in jurisdictions that accept RACE-approval.
This activity is sponsored by Econologics.
