Have you thought about your long-term vision for your practice, and what will happen when you’re ready to step away?

What’s more important to you: the highest offer, or ensuring your practice’s mission stays intact?

Welcome to the Uncaged Clinician podcast! I’m your host, Kevin DeGroot, and in today’s episode, we’re diving into something every clinician running a cash-based practice should be thinking about—exit strategies. We’re going to explore the challenges cash practice owners face when it comes to selling, including why many of us feel a deep sense of responsibility to make sure our business doesn’t lose its soul in the process.

In this episode, I’ll delve into the following topics:

• The common challenges of selling a cash-based practice.

• Why private equity may not be the best fit for your business.

• The importance of maintaining your practice’s mission, vision, and values during the sale.

• Three potential exit strategies and their implications for you and your team.

• How to empower clinicians within your practice to take ownership.

As we wrap up this episode, remember, the legacy of your practice isn’t just about the financials—it’s about maintaining the heart and soul of what you’ve built. Whether you're thinking of selling tomorrow or 10 years from now, having a clear exit strategy ensures that your mission continues, and your practice lives on with the same values you instilled in it from day one.

Uncaged Hack: “When you consider the people who are going to purchase your business, you have to consider whether they are going to maintain or destroy the mission, vision, and values that you set out to accomplish in the first place.” - Kevin DeGroot

If you found value in this episode, don't keep it to yourself! Share it with a friend and spread the inspiration. Tune in to future episodes for more conversations on UNCAGING YOUR Potential for Achieving Success.

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Additional Resources:

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