No matter what circumstances you’re in, increasing the value of your clinic should be one of your primary goals.
Take the following scenarios as examples:
Scenario 1: You’re looking to sell your clinic in the next 2-5 years. Therefore, you can use the following information to position your clinic as 'the place' to buy for potential prospects.
Scenario 2: You might not want to sell now but one day in the future it could be on the agenda. Think of your clinic like owning a house. If you upgrade your kitchen, your house will be worth more money when you decide to sell later. Same goes for your clinic. Therefore, you can use the following information as a checklist to make your business worth more each and every day.
Scenario 3: You will need an exit strategy and it might be one you did not expect. Many business owners never think about their exit strategy; then somewhere down the track they are forced to sell due to health issues, divorces, relocation because their spouses job is moving, something happens to the partnership and the partner wants to buy you out, and the most common thing - your business is losing money. Therefore, you can use the following information to safeguard your unforeseen early retirement and be ready to face the challenges - no matter what they are!
As you can see, one of these scenarios is bound to be before you at some stage in your professional lifetime. Therefore, increasing the value of your clinic should always be one of your primary goals.
But how exactly do you do that?
It’s certainly not rocket science. In fact, it’s much easier than you might think.
That’s why we’re going to cover:
- How to build a company that people want to buy
- Things you should be continuously focusing on to help you reach the final goal
- 12 great ways you can increase the value of your clinic
Ready to increase your clinic value?
Great. Let’s get started.