What the Heck is EBITDA?
All to often practice owners wait for the year-end Profit & Loss statements to experience confusion, frustrations of large tax bills, low profit % and a general, hands in the air, lack of know-how to manage with it. Attend this rousing session with Dr. Joel Parker as he explains in simple terms, what the heck EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is and how to use this to valuate a practice for purchase or sale and ultimately how to increase it and your practice value! Come learn this BASIC ownership tool, that all current, future, and retiring owners should know and how the 6-cyclinders of a practice “engine” influence it.
- What EBITDA actually is
- Where to find it in your accounting system
- How it relates to practice valuations
- The 6 cylinders of a practice “engine”