1. The timing: You should plan your exit strategy right from the beginning. If you plan on selling to key employees or to an outside buyer there are different things to consider for each scenario. …Read more

In order to run your clinic using business best practices, your clinic must have a structure for pricing the services and products you are providing.…Read more

Many owner managers include senior employees in their succession plan, either because of previous commitments, because they feel the employees “deserve” the opportunity, because the represent the best possible buyers, or because of some combination of these factors. This can work very well for the owner manager, for the senior employees, and for the company, […]

Factors That Must Be Considered When Assessing Physiotherapy Business Risk and Expected Profit Margins INCREASING COSTS 1. Leasing costs are increasing significantly in some centers across Canada. 2. Some new leases are requiring Personal Guarantees. 3. Costs of renovating and new build-up construction costs are increasing significantly. …Read more

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As health care professionals, physiotherapists are exempt from both charging and paying GST/PST on all services that directly relate to the improvement of both physical and mental health and well-being. Given such services are not deemed ‘commercial’ they and many associated costs are exempt from such taxation. …Read more

Business acquisition and merger specialists say it take two years to prepare a business for a sale. If you plan on retiring and getting top dollar for your years of sweat equity then do not leave this to the last minute. Even if you do not plan to sell your company in the immediate future, […]

Recently, the editor of Private Practice Division News mentioned to me that the “buying and selling of a business” would make a good topic for my column. She felt it was something that would interest physiotherapists. Since they’re the group that this publication is directed towards, why not. However, this topic is very complicated and […]