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Ep29: Alan Franks on business valuation for group practice owners
Business valuation for group practice owners is one of the most overlooked levers for building long-term wealth, reducing risk, and creating true optionality.
In this episode of Your Group Practice, Dan King sits down with Alan Franks, Certified Financial Planner, author of Empowered Money, and founder of the Business Planning Institute, to unpack why many practice owners work incredibly hard… yet still feel financially unclear, emotionally drained, and overly dependent on their business.
Alan makes a simple but powerful point: your practice is an asset, just like your retirement accounts, and if you’re not tracking its value, you’re making major decisions without a scoreboard.
In this conversation, you’ll learn:
- Why knowing your practice’s value is psychologically empowering and strategically essential
- How a baseline valuation helps you reverse-engineer retirement goals and growth targets
- What continuity planning should look like (the “Italy test”… and the “cancer test”)
- How frameworks like Profit First can help you pay yourself consistently, plan for taxes, and reduce financial stress
- Why most owners need a better “professional team” and how to align accountants, attorneys, and advisors who often operate in silos
If you’re building a group practice and want more freedom without sacrificing growth, this episode will help you think more clearly about valuation, cash flow, and the systems that support financial independence.
Transform Your Group Practice
Actionable insights for practice owners and clinicians who want to lead, grow, or exit with purpose. This is the podcast shaping a stronger mental health system — one practice at a time.
- Subscribe and listen to more episodes: https://yourgrouppractice.com/
- Want to be a guest? Reach out: [email protected]
About the Host
Dan King is a lawyer turned private equity founder with a passion for fixing burnout in mental health. With a background in M&A, Shark Tank deals, and psychology, he now leads Fireside Strategic — investing in group practices that put people first.
- LinkedIn: linkedin.com/in/danmking
- Website: firesidestrategic.com
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By VevaMediaBusiness valuation for group practice owners is one of the most overlooked levers for building long-term wealth, reducing risk, and creating true optionality.
In this episode of Your Group Practice, Dan King sits down with Alan Franks, Certified Financial Planner, author of Empowered Money, and founder of the Business Planning Institute, to unpack why many practice owners work incredibly hard… yet still feel financially unclear, emotionally drained, and overly dependent on their business.
Alan makes a simple but powerful point: your practice is an asset, just like your retirement accounts, and if you’re not tracking its value, you’re making major decisions without a scoreboard.
In this conversation, you’ll learn:
- Why knowing your practice’s value is psychologically empowering and strategically essential
- How a baseline valuation helps you reverse-engineer retirement goals and growth targets
- What continuity planning should look like (the “Italy test”… and the “cancer test”)
- How frameworks like Profit First can help you pay yourself consistently, plan for taxes, and reduce financial stress
- Why most owners need a better “professional team” and how to align accountants, attorneys, and advisors who often operate in silos
If you’re building a group practice and want more freedom without sacrificing growth, this episode will help you think more clearly about valuation, cash flow, and the systems that support financial independence.
Transform Your Group Practice
Actionable insights for practice owners and clinicians who want to lead, grow, or exit with purpose. This is the podcast shaping a stronger mental health system — one practice at a time.
- Subscribe and listen to more episodes: https://yourgrouppractice.com/
- Want to be a guest? Reach out: [email protected]
About the Host
Dan King is a lawyer turned private equity founder with a passion for fixing burnout in mental health. With a background in M&A, Shark Tank deals, and psychology, he now leads Fireside Strategic — investing in group practices that put people first.
- LinkedIn: linkedin.com/in/danmking
- Website: firesidestrategic.com