Author: Marketing

Did you know that at least 30 percent of practicing dentists right now are solo practitioners – and 55 or older? If you fall into those categories and aren’t actively pursuing retirement yet, our challenge to you is to ask yourself why. Why do so many dentists have doubts going into retirement? Research and anecdotal…Read More→

It’s the age-old question with many different answers: how much money do I need for retirement? Dentists face no more investment and savings risks than other people; however, as dentists also tend to earn more money throughout their career, and high-income earners tend to spend more and thus, have a higher cost of living. This…Read More→

Retirement is usually viewed as the goal or reward after a long, successful career practicing dentistry. For most dentists, the average retirement age has crept up to around age 67, up from a few years ago. Many of us may dream about the luxury of an early retirement but aren’t sure it’s financially possible. Some…Read More→

When you finish the exit planning process from your dental practice and the dust has settled from the sale, your retirement officially begins. Congratulations! Or is it? Full retirement isn’t for every dentist. You’re leaving a profession notorious for employing high-achievers and individuals who thrive on problem-solving and interacting with patients daily. Some dentists find…Read More→

Are you considering retirement in the next few years? Or maybe you don’t have immediate plans to transition out of your dental practice, but the thought of leaving your career is overwhelming. If you’re unsure where to start, a good idea is asking the dentists who have been there. We’re continuing a series where we…Read More→

Throughout the years, we at N/L Transitions and Dental CPAs have been lucky to work with numerous outstanding dentists as they grew their practices and eventually retired. The transition out of dentistry is a process and has nuances that catch many retiring dentists off guard. We thought it would be timely to reprint some of…Read More→

Selling your dental practice can be scary, right? There are a lot of unknowns and little details in the transition process, and it can really become stressful at a time when you’re preparing to wind down, not spend even more time on your practice. As we approach Halloween and the season for “scaring,” we thought…Read More→

Some dental practices are only on the market for a couple months when the ideal buyer comes along. As brokers, we advise selling dentists to prepare for a transition process much longer than that – up to a couple of years, depending on the situation. This is normal; but a practice that’s still sitting on…Read More→

You don’t have to be retiring to sell your dental practice. In fact, N/L Transitions has helped many younger dentists who have years left in their career sell their practices. There is no singular model for a dental practice sale, and the seller can easily be a younger owner or a seasoned dentist. Here are…Read More→

So, you found a suitable buyer for your dental practice. Congratulations! The hard work of identifying a successor is over. Now comes the tricky part: negotiating the sale. The total purchase price will typically include two numbers: one for your practice, and another for your accounts receivable. When does it make sense to sell the…Read More→