69 min listen
Dr Erum Ilyas: Merging your aesthetic clinic successfully
Dr Erum Ilyas: Merging your aesthetic clinic successfully
ratings:
Length:
59 minutes
Released:
May 4, 2021
Format:
Podcast episode
Description
In today’s podcast episode, Dr Ilyas explains why she felt a merger was the best option both for her personally and for her business. And she reveals how she chose the right buyer, how she navigated the sale process and the challenges and benefits she experienced once the sale was complete. Plus, what it feels like to be an employee again after years of working for herself!Also in this episode: >> Why the number of clinic mergers and acquisitions is increasing - and when other aesthetic clinic owners should consider it>> The mistake made by most groups trying to buy her out, which wrecked their chances>> The 3 most important factors she looked for in a buyer. (Not what you might expect)>> How she helped her staff transition through the merger process>> The surprising reason she never followed up the references provided by her buyer>> The benefit of merger which she never expected (but which happened immediately)>> The challenges of merger she’s still struggling with>> The shock which forced her to expand her practice, after years working alone>> Why she decided to focus on building the practice brand rather than her personal brand - and how this decision paid off >> How she grew her practice by networking with her medical peers - and the specific actions she took which generated referrals>> How her patients’ questions lead her to establish her own clothing line>> The original way in which she balances work and home lifeResources mentioned in the show:Erum Ilyas Dermatology practice https://www.schweigerderm.com/providers/erum-ilyas-md-mbe-faad/Amber Noon, Erum Ilyas's clothing line https://ambernoon.com/Erum Ilyas Instagram page https://www.instagram.com/drerumilyas
Released:
May 4, 2021
Format:
Podcast episode
Titles in the series (30)
Mara and Jay Shorr: Treat your clinic like a business, not a medical practice: If you’re looking to build a successful aesthetic practice, why not learn from others who have been there before? Better still, why not learn from others who have a track record of succeeding again and again! That’s what Mara and Jay Shorr have done by How I Scaled My Aesthetic Clinic