THE PERFECT RIA
Click to Play

What You'll Learn In Today's Episode:

  • Why you need to look at what your real value is.
  • If you’re considering buying a practice, you need to consider the time involved.
  • Being clear with clients who have an inheritance coming their way.
  • How multigenerational practices need to be careful and still look at the math.
  • Why you should have a third party pull data for you.
Table of Contents

Do you feel your practice is worth 1 Billion Dollars because you heard from someone about a practice that sold for 6x, 8x, 10x? On today’s episode, Matt and Micah look at practice valuation and share the importance of looking at real numbers. If you’re interested in selling your practice, you must pay close attention to actual numbers, not just what someone assumes is happening. But what if you have no interest in selling your practice? Listen in as Matt and Micah discuss why, no matter what, you need to look at your real data and pay attention to what you’re measuring.

Ideas Worth Sharing:

‘We get in this autopilot aspect of it where we don’t really know the numbers, and I want the documentation to prove it.’ - Micah Shilanski Share on X ‘I want to see the real numbers, especially if you’re thinking about buying or selling a practice.’ - Matthew Jarvis Share on X ‘You should build to sell, but you should operate to live.’ - Micah Shilanski Share on X

Resources In Today's Episode:

Recommended Podcast

Dodging IRA Disasters and Fostering Team Synergy

Tax planning mistakes and team communication.

See More

Employees: Following Up or Nagging? Is There a Difference?

The need for consistent and respectful follow-up

See More

Intentional Tax Planning and Avoiding Costly Mistakes with Guest Steven Jarvis, CPA [Episode 266]

Why intentional tax planning is necessary.

See More

Contact Us