Kevin Fechtmeyer is the founder and managing partner of Cave Creek Capital and has over 25 years of experience in the private equity business. He works with founders who have built up their companies and are looking for liquidity to help them grow and move their management teams to the next generation. Kevin joins the show today to give his best advice for anyone who wants to grow, consolidate, liquidate, or start the process of transitioning their practice.
Listen in as he shares his insight on working with dental practices and what you need to know about the different strategies he teaches. You’ll learn what works and what doesn’t work in partnerships, the anticipated effect of the upcoming election, and what we can do to prepare.
Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | Spotify | More
Minute Markers:
- 4:57 – What private equity is and how it is built up.
- 7:58 – What makes a partnership work—or not work.
- 11:20 – What it’s like working with groups and individuals looking to grow or consolidate.
- 20:37 – Why you should take money off the table when you can.
- 23:00 – The effect of tax proposals and the upcoming election.
Featured on the Show:
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with Me:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least $1M in available capital, then click the link to schedule a quick call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to schedule a call with me directly. www.freedomfounders.com/
2. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/
3. Ready to Step Away?
“How Much is Enough?” This simple question keeps hard-working professionals at the hamster wheel of active income far longer than they need to be. Watch this free training, and discover a proven model for determining how much you really need before hanging up the handpiece! www.freedomfounders.com/
4. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (3-5 years or less), visit www.freedomfounders.com/step-1 to apply for a guest seat.
Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.
Power Concepts:
Get the Full Episode Transcript: