Recurring revenue is an important factor when understanding the value of a business. Getting more insight into how recurring revenue impacts the valuation of your business, or practice, can help you make smart decisions, attract new investors, and maintain a steady track for long-term growth.

Nobody wants to deal with uncertainty when they’re managing a small business or practice. From unexpected illnesses to sudden departures, any number of situations can threaten the continuity of your operations.

Maintaining any business requires significant work and careful consideration, and running your own accounting practice isn’t any different. However, owning an accounting practice offers several advantages that other types of businesses may not provide.

Determining the overall value of your practice is more than just an exercise in crunching numbers. It plays an important role in strategic decision-making, especially when it comes to selling or merging. When practice owners consider the worth of their businesses, the two main factors that often come into play are book value and fair market value. While the differences in these two factors can be a bit nuanced, Private Practice Transitions’ complete guide to book value versus fair market value can help you navigate them.

Running a successful private practice demands dedication, expertise, and a significant amount of personal involvement. However, practice owners must eventually learn to delegate so that they aren’t trying to tackle every aspect of the practice on their own. Failing to let others take the reins can limit the success of your business when you’re not around, so you want to make sure people can stand in your place to run things smoothly while you’re out of the office. Private Practice Transitions is here to help by offering effective strategies for reducing owner dependence that allow you to keep things running by putting your faith and skills in others.

Every private practice owner has their reasons for why they may want to sell and hand the reins over to someone else. For many, this reason is deeply personal and requires a lot of forethought and planning. Understanding the most common reasons why private practice owners sell can give you an idea of how you may need to adjust your own plans.

Buying or selling a practice is an important decision that comes with a lot of questions. Seeking out the aid and advice of a professional business broker helps many entrepreneurs avoid common pitfalls and come across a good deal.

There are many possibilities for young entrepreneurs who want to start their own private practice. Certified Public Accountants (CPAs) can be their own bosses, set their hours, and build something special from the ground up.

Investing in a physical therapy practice can be an excellent opportunity for healthcare investors. However, knowing which questions to ask before buying a physical therapy practice can make a world of difference. Private Practice Transitions is here to help you determine the information you need to partner with a seller who can match your specific needs.

The world of buying and selling practices is in constant flux. Whether it’s due to owner retirement, personal reasons, or economic challenges, private practices sometimes close their doors. For current practice owners and potential buyers alike, the question arises: “Can you buy or sell a closed private practice?” Private Practice Transitions is here to explain the basics and go over some reasons why this could be the right move for you.