Reducing Risk (Of Conflict) With Succession Planning

You have spent your entire career building and growing your practice.  Maybe you were even the founder of the practice.  It represents your blood, sweat, and all too often ... tears, from years of dedicated work.

Now it's time to cash out.  Retirement here I come!  I see the big nest egg that my practice buy-out will provide me.  Maui ... here I come!

It's Time To Buy Me Out!

But hold on there cowboy!

There is a problem. What you think your practice is worth and what you should get from it, isn't necessarily the value offered by your partners that you are leaving behind.  Maybe they see the practice value far lower than you do.

Now what?

Perhaps the last thing you want when you leave your practice is to have it a contentious event.  There is nothing more potent than money when it comes to poisoning a relationship.  Everyone typically overvalues their own contribution and undervalues everyone else's. 

A retirement buy-out is...

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