August 01, 2024

Avoid These Common Exit Plan Mistakes! (75% Fail) with Host, Eric Miller & Guest, Amit Gaglani, PT

46 minutes

Avoid These Common Exit Plan Mistakes! (75% Fail)

Take back CONTROL of your financial future and avoid the common exit plan mistakes that 75% of practice owners make!

In this power-packed episode of the Financial Beast Podcast, host Eric Miller dives deep with Amit Gaglani PT, OCS, as he shares his journey of successfully selling his physical therapy practice for millions. Discover the strategies and insights that can maximize the value of your practice and attract potential buyers who will be salivating over your business.

Amit discusses the importance of strategic planning, understanding financial concepts like profitability, EBITDA, and cash flow, and why having a power team is crucial during the acquisition process. Learn how to build a practice that thrives independently of the owner, ensuring financial freedom and a lucrative exit.

If you're a practice owner focused on day-to-day operations, it's time to shift your mindset and become a Financial Beast! Empower yourself with the knowledge to navigate the due diligence process, negotiate effectively, and plan your exit strategy with confidence.

Don't miss out on this opportunity to build personal wealth and secure your financial future.

#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #MaximizeValue #BusinessGrowth #Econologics #FinancialBeast #BusinessConsultant #ExitStrategy #FinancialControl #PrivateEquity #PracticeValuation

CHAPTERS:

00:00 - Intro

1:36 - Why You Need an Exit Plan

5:18 - What Buyers Want in a Business

11:25 - What Makes a PT Practice Valuable

13:49 - Do PT Owners Negotiate Enough

17:43 - When Did You Start Looking at Your Practice as an Investment

19:44 - The Importance of Financial Control

24:50 - The Most Stressful Part of Exiting a Business

32:40 - Would You Do It Again

34:15 - What Would You Do Differently

35:08 - Do Your Homework on the Buyer

36:03 - What to Do with the Proceeds

41:51 - Life After Exiting

43:57 - What Are You Doing Now

45:10 - How to Reach Amit

45:53 - Outro

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Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

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