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In this episode, CPA Tim Kenny dives into the essential steps therapists must take to prepare their practice for a future sale, including maximizing value and avoiding common pitfalls. Whether you’re considering selling now or in the future, this conversation is packed with expert insights to help you build a profitable and sellable practice. 

Make sure to bring your paper and pen because this episode is full of actionable tips!

Here are some key points in this episode: 

[4:39] Key financial metrics to track to boost sellability

[6:46] The importance of profit distributions

[9:11] Fixing internal issues and organizing finances before selling

[17:05] Common mistakes that derail deals

[19:48] Selling at the right time

Links From the Episode:

Free financial foundations assessment: https://www.kennycpa.com/assessment 

More about Tim: 

Tim Kenny is a Certified Public Accountant (CPA), Management Accountant (CMA), Certified Evaluation Analyst (CEA), and the President of Kenny & Kenny P.C. He is genuinely interested in helping clients achieve their personal and business dreams. With a commitment to starting his day right, Tim believes that both his family and clients deserve the best. His approach to business reflects this dedication, as he loves working with his team to solve problems and deliver results for their clients.

At Kenny & Kenny P.C., Tim and his team specialize in helping business owners create businesses that work for the owners, the customers, and the team. They offer a range of services, including Accounting, Tax Planning, Business Advisory, and Exit Planning. 

Websites:  

Kenny & Kenny P.C.: https://www.kennycpa.com/ 

Social Media Links: 

LinkedIn: https://www.linkedin.com/company/kenny-&-kenny-p.c./ 

Let’s Get Connected…

Follow me on Instagram, @nicole.mccanncemethod. If this episode provided you with value and inspiration, please leave a review and DM to let me know. Click here: https://www.instagram.com/nicole.mccancemethod

Join the FREE private community for therapists: Expand your Psychotherapy Practice → https://www.facebook.com/groups/947689352498639

Sign up for the FREE Masterclass- How to Build a 7-Figure Group Practice→ https://mccancemethod.com/webinar-free-masterclass-from-solo-to-superteam/

Follow me on Instagram, @nicole.mccanncemethod. If this episode provided you with value and inspiration, please leave a review and DM to let me know. Click here: https://www.instagram.com/nicole.mccancemethod