#181: Before You Sell Your MedSpa: What 75% Of Owners Learned Too Late

Cameron is joined by Nate Collins, founder of Wealth Strategies of Raymond James and Certified Exit Planning Advisor (CEPA), and they discuss the complexities and emotional challenges of selling a business, particularly in the medical aesthetics field. They explore the motivations behind selling, the emotional aftermath, and the importance of planning for life after the sale. Nate shares his personal experiences and insights on the necessity of having a supportive team of advisors to navigate the exit process successfully. The conversation emphasizes the significance of pursuing personal wellbeing and finding purpose beyond financial success, ultimately guiding entrepreneurs to prepare for a fulfilling life post-exit.

Exit Planning webinar on November 5: https://www.raymondjames.com/founderwealthstrategies/events/exit-planning-nov

Listen In!


Thank you for listening to this episode of Medical Millionaire!



Takeaways:

• Selling a business can lead to emotional challenges and regrets.
• Financial independence does not guarantee personal fulfillment.
• It's crucial to have a plan for life after selling a business.
• Building a supportive team of advisors is essential for a successful exit.
• Pursuing personal wellbeing should start before the exit, not after.
• Finding purpose beyond financial success is vital for happiness.
• Many entrepreneurs feel lost after selling their business.
• Proper exit planning can prevent selling under duress.
• A successful exit requires aligning personal and business goals.
• Entrepreneurs should prioritize their health and community involvement.

Unlock the Secrets to Success in Medical Aesthetics & Wellness with "Medical Millionaire"

Welcome to "Medical Millionaire," the essential podcast for owners and entrepreneurs in
Medspas, Plastic Surgery, Dermatology, Cosmetic Dental, and Elective Wellness Practices! Dive deep into marketing strategies, scaling your medical practice, attracting high-end clients, and staying ahead with the latest industry trends. Our episodes are packed with insights from industry leaders to boost revenue, enhance patient satisfaction, and master marketing techniques.

Our Host, Cameron Hemphill, has been in Aesthetics for over 10 years and has supported over 1,000 Practices, including 2,300 providers. He has worked with some of the industry's most well-recognized brands, practice owners, and key opinion leaders.

Tune in every week to transform your practice into a thriving, profitable venture with expert guidance on the following categories...

-Marketing
-CRM
-Patient Bookings
-Industry Trends Backed By Data
-EMR's
-Finance
-Sales
-Mindset
-Workflow Automation
-Technology
-Tech Stack
-Patient Retention

Learn how to take your Medical Aesthetics Practice from the following stages....
-Startup
-Growth
-Optimize
-Exit 

Inquire Here:

http://get.growth99.com/mm/