Did you know that when business owners are asked “What are your business plans?”, 80% have an answer. Then when asked “How are you going to implement those plans?”, only 20% have a written plan in place. Even worse, most owners that do business plans don’t include the “Endgame” in their plan. That is when and how you want to transition out of the business.
The fact is that 100% of all business owners and medical practitioners will transition from their business/practice at some point? Business Planning is the comprehensive process of understanding your options in the short term, mid-term, and planning for the inevitable transition from the business even if it is 20 years away.