Are you interested in building a lifestyle practice? Why is a lifestyle practice more sellable and attractive to buyers than a performance-based practice? What are the central components of a lifestyle practice that you can start working on from today?
In this podcast episode snippet from the GPBC25 Series, Elizabeth Carr shares the blueprint for a lifestyle-focused practice. 
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Meet Dr. Elizabeth Carr







Dr. Elizabeth Carr is a licensed clinical psychologist and the founder of Kentlands Psychotherapy. With over 20 years of experience—including six years as a Navy psychologist—she now leads a thriving group practice focused on compassionate, evidence-based care. While she maintains a small caseload, Dr. Carr’s primary role is mentoring her team and shaping the practice’s vision for holistic mental wellness.
Visit Dr. Carr’s practice website and connect on Instagram and LinkedIn.
In This Podcast

* Is selling your practice a possibility? 
* Lifestyle business versus performance business 
* Go slow to go fast 
* “Treat your practice like a Four Seasons Hotel”

Is selling your practice a possibility?
Have you ever considered selling your private practice? Maybe not now, but somewhere in the next few years or decade or two? If you have, why? 

Do you want more time to travel? Do you want less stressors? Right? Because I suspect that if you write it down, there would be different reasons for different people … It’s important to figure out what you want to do next. (Elizabeth Carr) 

There are a hundred and one reasons as to why someone would want to sell up their practice one day, and it varies from person to person. If you see this as a possibility in your future, it may be worthwhile to dedicate some planning time now to support this transition, making it easier for you when it does happen. 
Lifestyle business versus performance business
A lifestyle business concerns:

Your values 
Desired schedules 
Sustainable hours and measuring your success by freedom and fulfillment 

On the contrary, a performance business is about: 

Boosting revenue 
Maximizing growth 
Increasing market value and scalability 

It is important to note which one is more aligned with your ideal future and work towards that. However, these two types also relate to sellability. 

If you build a turn-key sellable business, you’re also building a lifestyle business because how many of us are working 40, 50, 60 hours a week?