Is Selling Your Practice Enough? With Rick Wedell (Ep. 4)
Have you ever questioned whether selling your veterinary practice (or any practice really) is enough for a secure retirement?
Join us in the latest episode of the “Making Hay Podcast,” where host Marcia Miller invites Rick Wedell, Chief Investment Officer at RFG Advisory, for an insightful discussion on financial planning and retirement. This episode goes beyond conventional retirement advice, emphasizing the importance of early planning, accurate business valuation, and seeking professional financial guidance.
Key Highlights:
- Discover what attracts top buyers beyond your practice’s immediate success
- Understand how your practice’s earnings and growth potential influence its market value
- Find out how the cost of replacing your role can impact the sale of your practice
- Identify hidden challenges in long-term commitments that could hinder selling your practice
- Explore a range of exit strategies, from outright selling to forming partnerships
- Learn about the trade-offs between a high selling price and maintaining control post-sale
- Assess whether pursuing maximum profit aligns with your personal satisfaction and well-being
- And much more!
Resources:
Connect with Marcia Miller:
- LinkedIn: Marcia Miller
- mmiller@rfgadvisory.com
- Phone: 205-795-2013
Connect with Rick Wedell:
About Rick Wedell:
As the Chief Investment Officer for RFG Advisory Group, I am directly responsible for the direction and management of RFG’s investment strategies, setting the vision for our research capabilities, and managing a turn-key investment platform engineered to help our advisors and their clients with their most pressing investment needs. I previously spent over a decade at Bain Capital Credit, where I was the Head of the Consumer Group as well as an assistant Portfolio Manager for an $8bn CLO business.
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