Ep 113: Your Crusty Accountant Is Killing Your Exit
An owner at the Practice Owners Conference thought their Practice was worth $100K. Their wife had already done the planning. After the sale, they would need to work nine more years to reach their retirement goals.
When Sachin and Todd unpacked the structure, the Practice should have been worth $600K to $700K. The problem was not the medicine, and it was not even the business. It was a billing structure designed in the 1980s by an accountant who has probably since retired into the same situation.
The associateship model makes one thing very clear: whoever built it was thinking about keeping…
The skinny
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