Whether you have plans to sell your business or not, you want to build a sellable business.
Why?
Because a business that is easy to sell is a business that is desirable to keep. You win either way.
But how do you up the sellability of your private practice business?
Increase the profit margin.
The first way to do this is to optimize your schedule—take a real look at the calendar and make sure you're filling any gaps with appointments. After all, you've already paid overhead, payroll, fixed expenses, etc. so filling those gaps goes straight to the profit margin.
It's critical you don't stop playing offense; don't stop your marketing efforts and don't stop reviewing referral bases that can get your gaps filled and your schedule optimized.
In today's EntreMD Podcast episode, "3 Ways Private Practices Can Increase Their Profit Margin," I detail that and the two other ways, so tune in for those!
// COMMUNITY: EntreMD Private Group on Facebook
Join a group of physicians who have decided to build profitable businesses, so they have the freedom to live life and practice medicine on their terms.
https://www.facebook.com/groups/entremd
// FOLLOW
Facebook - https://www.facebook.com/drunachukwu
Instagram - https://www.instagram.com/drunachukwu
YouTube - https://www.youtube.com/@DrUnachukwu
TikTok - https://www.tiktok.com/@dr.una
LinkedIn - www.linkedIn.com/in/druna
// WORK WITH ME
EntreMD Business School - https://www.entremd.com/business
Additional Resources:
When you are ready to work with us, here are three ways:
To get on a call with my team to determine your next best step, go here ...