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If you plan to retire and sell your practice, then it’s important for you to consider the things that you need to prepare. And one of those is your financial blueprint.
Selling the practice that you’ve put your blood, sweat, and tears into can be an extremely difficult decision to make. It’s hard to know if it’s really the right time and not just a knee-jerk reaction to a particular situation with your clients or practice.
Another dilemma is that you want to enjoy your retirement, but you also don’t want to run out of money.
If you plan to retire, you might not be able to live comfortably on the amount of money you’ll receive from the sale of your practice.
It’s important to figure out exactly how much money you’ll need in order to have a comfortable retirement.
In this video, we’ll discuss some things that you need to consider before you sell your practice and retire!
TIMESTAMPS:
00:00 – Why is it important to know the baseline of your practice in terms of what it’s worth?
02:14 – Why is it important to look for the next version of yourself?
03:28 – Why is it important to know your financial blueprint?
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About the Author
Dr. Tom Preston is a chiropractic business coach and consultant based in Trout Creek, Ontario. He helps chiropractors across North America build practices they love — through strategic clarity, authentic leadership, and proven systems.