Stephanie Lowther just embarked on one of the most difficult entrepreneurial endeavors, acquiring an established business. Randy and Shelby interview Stephanie about the process of transitioning from an employee to an owner and the caveats that accompany change. We discuss the process of aquation monetarily, strategic, operationally, and most importantly the transfer of leadership.

How can someone smoothly take over a leadership operation without rocking the boat?

www.proactiveathletictherapy.com

We discuss the challenges and processes involved in business acquisition, the importance of leadership in athletic therapy, and the relationships built during this journey. In this conversation, Stephanie Lowther discusses her journey in establishing a stable athletic therapy practice, emphasizing the importance of a solid marketing strategy and community engagement. She shares insights on the growth of Carleton Place, her experiences in unusual sporting events, and her aspirations for the future of her practice. Stephanie highlights her leadership style, focusing on open communication and trust-building with her team, and explains her personalized approach to treatment. Additionally, she addresses the referral processes in athletic therapy and the evolving landscape of healthcare in Canada.

Takeaways

• Acquiring an existing business can provide a solid foundation for growth.
• Strong relationships are crucial in business transitions.
• Understanding financials is key in any business acquisition.
• The importance of having a supportive team during transitions.
• Navigating legal and accounting aspects is essential in acquisitions.
• Maintaining the original mission and values of a business is important.
• Entrepreneurship can be a fulfilling path for athletic trainers and therapists
• Marketing plans are essential for business growth.
• Community engagement is key to client retention.
• Experiences in diverse sporting events enrich professional growth.
• Future aspirations include expanding the practice and community partnerships.
• Open communication fosters trust within a team.
• Building relationships with established clinicians is crucial during transitions.