Pre-transition Planning

Like most people, you probably began dreaming about retirement years, even decades, ahead of time. If you own a practice, all that dreaming would ideally be accompanied by some planning about how you’ll transition away from it. Part of your long-term strategic plan, pre-transition planning is generally most effective if you begin four to six years before your target transition date.

As part of pre-transition planning, we can help you combine solid practice management and effective personal financial planning to ensure you’re prepared for the upcoming transition – so you can get the most out of your investment. We’ll work closely with your personal financial advisor to balance the income earning ability and exit value of the practice with the your retirement requirements. We’ll utilize our assessment tools and experience to suggest ways to improve profitability and make your practice attractive to potential buyers. And, we’ll develop a multi-year financial model as a roadmap to success.