Want to know what you’re practice is worth? We’re here to help! Contact us today for a Complimentary Consultation
Many naturopaths view their practice as the source of their income, but it’s so much more than that. When you own shares in a company, not only does it provide dividends (regular income) but you can also profit from capital gains (the value of the shares increase) which you only realize when you sell. Think of your practice in the same way. There is hidden value in it that builds over time, and you don’t necessarily have to sell to realize the value.
How can ND Business Solutions Help?
Our assessment includes the value of your patients, goodwill, staff, equipment, and other assets. We also provide an analysis of revenue and cost streams looking at different modalities of practice and other revenue such as supplement sales and lab fees.
Compare your practice to average numbers for the industry across a variety of different categories. This will give insights into ways to increase both your income and the value of your practice.
Why is an appraisal of my practice important?
A third-party practice appraisal will provide credibility to investors and banks which can save you thousands in the long term via lower interest rates and retaining more equity.
Knowing the value of your practice can help you make informed financial decisions and how to minimize your tax burden. Know when to incorporate and how to structure large asset purchases.
A valuation every couple of years lets you track your progress and achieve continuous improvement
ND Business Solutions pairs Naturopathic Doctors with expert business and legal advisers to take your practice to the next level.
Contact us for a free consultation on how you can increase your practice income
Enter your contact information for a complimentary consultation from one of our experts with relevant experience. Please note that ND Business Solutions cannot provide professional legal advice through our complimentary consultations.