What will not planning for your inevitable transition cost you?
Unexpected Exit. Practices lose about one third of their value every month a practice owner is not in the practice. Without a written emergency plan, it’s likely to take more than 3 months to sell your practice.
Uncertain Future. Every practice owner transitions out of practice ownership someday, but it doesn’t have to come with mental aggravation and fear of an uncertain future.
Financial Loss. The potential loss of $100’s of thousands of monthly profits during ownership and upon the sale of a practice is a high price to pay.
“Although I may be a long way off from selling my practice, I found PVA℠ to be invaluable in identifying weaknesses in my practice that I can work on, personal factors that I need to consider, and what I might reasonably expect to receive when selling my practice and real estate. I now have a plan in place if something unforeseen happens to me and a plan for whenever I decide to transition out.”
Dr. Scott McMillin
PVASM gives you clear answers to critical practice owner questions
Identify Value
-
Identifying the most probable selling price of your practice is accomplished by a detailed analysis of recent profit and loss statements, practice management reports and nearly 100 non-tangible factors that affect practice value.
-
If you own your real estate, identifying your real estate value is helpful in determining what you could sell your property for and also what lease income you could reasonably expect if you decide to lease it to a practice buyer.
-
Identifying what your practice is worth now is beneficial for the purposes of retirement planning, readiness to sell in case of something unexpected, and benchmarking your value in order to identify future gains after implementing changes.
Manage Value
-
A full-on independent management evaluation of your practice by our experienced credentialed practice management expert will identify areas of strength in your practice and areas of weakness.
-
By identifying issues that can be corrected prior to a sale, you can make changes that generate higher profitability while you own your practice. Higher profitability accelerates practice value since value is largely determined by profitability.
Protect Value
-
Uncovering the hidden psychological factors impacting your behaviors related to eventual transition of your practice to new ownership is essential to transition success.
-
Measuring your role identity fusion, approach to change and communication style can smooth the way to a low stress transition experience.
-
There is not a one shoe fits all transition solution for every practice owner. Careful planning will customize the best plan for you, whether it is bringing in an associate/buyer, working as an associate after the sale or “walking away” after a sale.
“Conquering our own psychology is the greatest obstacle to significant transitions. Gaining control requires creating self-awareness, redefining our identity, and building resilience to persist through the change.”
Allie Taylor, PhD.
Here's how PVASM works
Identify Value
Step 1: We’ll determine the value of your practice, commercial real-estate, and individual assets using trusted evaluation methods.
Manage Value
Step 2: We’ll perform a Practice Management Analysis to identify weaknesses in your practice, and recommendations to correct.
Protect Value
Step 3: You’ll take an Owner Transition Assessment that will identify psychological considerations related to your future.
PVASM Pricing
$3,000
one-time refundable fee for Ohio practice owners.
$5,000
one-time non-refundable fee for non-Ohio practice owners.
Refundable?
This initial fee is refundable to practice owners who eventually sell their practices and real estate through Practice Endeavors, LLC and Practice Endeavors Realty, LLC within five years of first signing an agreement with our company.
The agreement roles over every year to continue to provide protection for you and your practice. You can cancel it at any time without penalty. There is an additional $500 annual update fee for owners who select this option, but it is not required.
The PVASM Team
J. Robert (Bob) Brooks, CEPA, CBI
Practice Endeavors, Owner
Certified Exit Planning Advisor
Certified Business Intermediary
Ohio Licensed Real Estate Broker
Ann Dillon, CPA (inactive)
Practice Endeavors Staff
Karen Marshall,
Practice Management Consultant
Vero 3 Consulting, Owner
Certified HR & Employment Law Consultant through Bent Erikson & Assoc.
IPM Certified Trainer
Allie Taylor, PhD.
Orange Kiwi, Co-Owner
We understand that many practice owners are not ready to sell
While our competitions’ sole interest is in selling your practice, we are motivated by what works best for you, the practice owner. We understand that many practice owners are not ready to sell. Our company serves both practice owners that prefer not to sell anytime soon and also those that do.
If you prefer not to sell your practice anytime soon, our company is uniquely equipped to provide you with comprehensive practice transition planning services that accelerate practice value, improve monthly profits and give you peace of mind about your future.
If you prefer to sell your practice in the next year, we don’t offer subjective and unsupported sale prices that won’t fly with buyers just to get a listing, like some of our competitors. Instead, we provide rock-solid practice pricing and real estate pricing. Because our analysis is undefeatable, our objective basis for establishing the most probable selling price of practices and real estate allows our clients to get top prices for their assets.
With Associate Insider’s meetings, Parade of Practices and constant updates to buyers with email open rates exceeding 50% on over 1,600 Ohio buyers, our company’s track record in connecting with qualified buyers is unparalleled.
Contact us to get started
Plan for your transition with greater confidence and wealth.
Insights for Practice Owners
Featured
