Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Mick Kling, OD. In this two-part conversation with Mick, he and I have a deep and well-rounded discussion on all things related to practice transitions. We talk about practice transitions from both the buyer’s and seller’s perspective and talk about the entire life cycle of the process.
Today’s episode is Part 1, and we cover information related to the beginning stages of buying a practice. We talk about the qualitative and quantitative characteristics of a buyer, how to find practices for sale, and we explore the due diligence process in detail.
As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also set up a 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions or check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars.
And with that introduction, I hope you enjoy my conversation with Dr. Mick Kling.
His courses include:
Profit First – Eradicating Business Poverty (2 Hrs)
Practice Purchase 101: Everything You Need to Know to Purchase Your First (Next) Practice (2 Hrs)
8 Common Cash Flow Pitfalls (1 Hr)
Building Your Business For Profit with Jay Binkowitz and Mick Kling, OD (2 Hrs)
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