If you want to retire or sell your practice some day, you’ll need to build practice equity. Learn more with James Maskell in this brief video.
1. Practice equity is another way of describing a practice value at point of sale. Most traditional medical practices don’t develop equity effectively.
2. Equity is measured by the value of all of the practice assets, including property, equipment and traditional assets, but also revenue streams and profit centers outside of the work of the practice owner (typically the doctor)
3. With digital technology, and common sense marketing and positioning, a practice can develop considerable practice equity fairly quickly.
We’d love to hear your experience and thoughts below.