Buying a Practice
Helping you make the best decision
Buying a Practice
Helping you make the best decision
Conventional wisdom on mixed and NHS practices could ruin your life. So could a snap decision on an overvalued private practice. Beware when providers say, “We will help you buy it,” but not, “Should you buy it?” Don’t follow the herd. Only make a decision when you have a holistic overview of what you’re walking into. Never purchase without first understanding why.
HAVE YOU DONE A FORECAST?
What do you expect to get paid each year? Our checklist might seem like overkill if this is your first purchase but practice owners view it with wistful regret.
We encourage purchasers to look at:
We encourage purchasers to look at:
Financial forecasting (your projected cashflow, debt repayment etc)
Investment (how does this purchase perform against your other options?)
Personality profiling (your strengths and weaknesses)
Leadership (are you ready for it?)
Risk (what are the risks and can you mitigate them?)
Tax (what’s the most advantageous way to make this purchase?)
Business model (what’s the best one for you and your property?)
Investment (how does this purchase perform against your other options?
Personality profiling (your strengths and weaknesses)
Leadership (are you ready for it?)
Risk (what are the risks and can you mitigate them?)
Tax (what’s the most advantageous way to make this purchase?)
Business model (what’s the best one for you and your property?)
