How often do we buy a firm to expand our practice or sell our own practice that we have enjoyed for so many years?
If like most the answer is rarely or never please read on…
All studies of humans have concluded that the least we understand about a subject the harder it is to make a decision. I can choose which laptop to buy in 5 minutes but had cold sweats understanding which stand food mixer would be best for Mrs. P’s birthday present (she wanted one so please don’t judge).
Your 2 most frequent questions in the buying/selling process are;
1. Am I paying/receiving the right price
2. Am I completely protected should the proverbial hit the fan
Two great logical questions that can only be answered by someone who understands the whole market and does it all the time.
Of course your 2 most frequent questions should be;
1. Am I buying/selling to the right practice for me
2. Am I ensuring I get everything I want from the transaction
Two great emotional questions that you, and only YOU can actually answer based on your knowledge of yourself and your clients.
We can (and do) provide you with up to date market knowledge and valuations based on over 300 business sales in a matter of minutes but it’s up to you answer those 2 most important questions.