Wow, 2020, what a year.
With the year that was 2020 soon ending and 2021 fast approaching now is the time to plan your goals and decisions for the next 12 months. For a lot of people almost all their goals, plans and dreams for 2020 were dashed by April. With the way things are going there is a good chance that 2021 will start on a much more positive note and we should take advantage of this and get our yearly plan done as soon as possible.
To Sell or Not to Sell?
Understandably almost every single industry was affected in 2020, but there are already good signs of recovery and we here at Healthcare Practice Sales have noticed a boom with the number of buyers and sellers in the last 6 months. If you are considering selling your allied health clinic (it may be a physiotherapy, chiropractic, podiatry, psychology, osteopathy, speech pathology practice or other type clinic) in 2021, now is the time to prepare. Get organised and take the time to really prepare and make sure all your ducks are in a row before 2021. When you do decide to sell in the new year you will be in the best possible place going forward. Preparing now will save you time and money.
Looking to Buy in 2021?
On the other end of the spectrum is, you may be interested in purchasing a new practice in 2021. Of course, buying is much different to selling, if you have an inkling that you may be in the market to buy next year, now is the best time to plan and prepare. Making sure you have listed and mind mapped all the details you are looking for when purchasing a new practice and even setting goals and time frames will improve your planned purchase in the year to come.
It’s fair to say a lot of people have learnt the hard way from 2020 when it comes to being a little more flexible with plans. This year has shown that setting your plans in concrete can cause issues not only financially but also mentally. Going into 2021 it is a smart idea to learn from this and create a little more flexibility in your life and be more open to plans shifting and changing. In turn this will help you adapt to any situation and improve your thinking if the worse does happen.
Now, all signs are pointing to 2021 being a much better year than 2020, and to make sure that your plans go well, taking the time for proper preparation and planning will help you make sure your 2021 is the year you want it to be whether you are looking to sell your clinic or perhaps purchase a clinic.