Exit Strategy

Closing Shop 101 (Week 7): The Final Touches

July 20, 2010
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This week we officially wrap up our “Closing Shop 101” series. To date, we’ve gone through your options for permanent exit strategies (such as selling, hiring a manager, or piecing it out) as well as short-term leave solutions. Each option has it’s pros and cons, which we’ve tried to lay out for you.
We end the […]

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Closing Shop 101 (Week 6): Short-Term Solutions for Short-Term Leaves

July 15, 2010
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So far in the “Closing Shop 101” series, we’ve covered your major options for closing your business permanently. However, what about temporary situations? I’m talking about major life changes where you need some time off, but you plan on returning to work…such as maternity leave, medical leave, and family leave.
The way I see it, you […]

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Closing Shop 101 (Week 5): Break It Up, Piece It Out

June 22, 2010
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So I write this now from my mother’s home in Kansas City, Missouri. We have successfully packed all our life into 23 feet of storage and one 2000 Audi A8. Now it’s time for a couple weeks of much needed R & R.
And a little more blogging:)
So far in our Closing Shop 101 series, we’ve […]

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Closing Shop 101 (Week 3): Liquidating, Circuit City-Style

June 8, 2010
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We’re now in week 3 of our Closing Shop 101 series, having talked in week 1 about the importance of having an exit strategy and covering your first option (selling the business) last week.
Today’s topic? Liquidation.
The Basics

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Closing Shop 101 (Week 2): Is Selling an Option?

June 2, 2010
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Last week, we started a series on what to do if you have to close down your private practice. Every business person needs to consider an “exit strategy,” what they plan to do when it’s time to leave. Whether you retire, move, become a stay-at-home parent, or change careers, no one can stay in business […]

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Closing Shop 101: An Introduction to the “Exit Strategy”

May 25, 2010
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It’s inevitable. You’re a therapist with your own buzzing private practice. You built it from the ground-up, taken one simple idea and created a fulfilling career out of it. You have a caseload of loyal clients, beautiful marketing materials, and a schedule that’s perfect for you.
But then something changes. You get a job out-of-town. A […]

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