Don't Sell Your Practice, Redesign it

Summary: A great deal has been written about succession planning over the last two years.  Most of it focused on selling your practice to either a younger version of yourself or merging into a larger firm and transitioning your clients over a period of time.  Clearly they are options, but they may not be the best options.  We believe you are better off redesigning your practice to accommodate your lifestyle – perhaps a retirement lifestyle – and continuing to run your practice for many more years before considering a sale.