One of the most common questions we get at N/L Transitions is “What is my dental practice worth?” The answer is complicated and depends on so many factors, including many that are out of the dentist’s control. The simplest solution some use is to multiply the dentist’s net income by 1.5 times, or take the…Read More→
Author: Marketing
Selecting the Right Transition Team
As you prepare to sell your dental practice, it’s important to have a qualified, dedicated transition team at your side. Simply choosing general advisors regardless of their specialty may seem harmless. For some dentists, choosing a general transition team has worked out fine. For most, though, a transition team comprised of dental experts yields…Read More→
Four Strategies to Quickly Increase Your Dental Practice’s Value
Although the right time to transition out of your dental practice is different for each dentist, the time of year does have an impact. Dental transition trends point to an increase in buyer demand early in the year. If your retirement funds are in order and you’re ready to retire, January may be an ideal…Read More→
Transitions Can Be Scary: Worst-Case Scenarios and How To Handle Them
Halloween is right around the corner, and that means trick or treating, ghost stories, and scary costumes. Selling your dental practice in the wrong way can be scary, too. Whereas ghost stories and scary costumes pass with the season, falling into a transition pitfall can lead to permanent and unpleasant consequences. These are some…Read More→
Does Your Dental Practice Need a Check-Up?
As dentists, you encourage your patients to come in every six months for a check-up. You know that proper hygiene and routine dental care can often prevent many long-term and more serious dental issues. When is the last time your dental practice got a check-up? Especially if you’re looking to transition out of your…Read More→
Closing Your Dental Practice: A To-Do List
This post is the first in our new series, Dental Practice Exit Strategy. Are you closing your dental practice soon? Maybe you’re retiring, and this has been a planned transition. Perhaps you’re merging with another practice, or sudden recent health changes prohibit you from continuing. Either way, closing your practice can be stressful. You…Read More→
When Is the Best Time to Hire a New Dentist?
Have you been busier than usual at your dental office – overwhelmed, even? You might be considering adding a new dentist to spread out the work more, or to grow your practice. But how do you know if it’s the best decision, and more importantly, the right time? As an experienced dentist and business owner,…Read More→
Growing Your Dental Practice
Are you looking to grow your dental practice? Perhaps you’re trying to add more patients, create demand for new services, reduce overhead – or all of the above. Many factors outside your control will influence the selling price of your practice, whether it’s next year or five years from now. Factors include the quantity…Read More→
It’s Time for an Upgrade: Why Re-designing Your Office Space May Be Useful in Practice Sales
Are you preparing to sell your dental practice? If so, you’re probably starting to organize financial data and patient records, and perhaps investing in updated equipment. But have you considered the value of updating the way your office looks? In our earlier post, we gave you top tips for selling your dental practice. One…Read More→
Top Tips for Selling Your Practice
If one of your New Year’s resolutions was to start planning for life after your dental practice, you probably have lots of questions: What do I want out of the process? How long will transitioning take? What’s involved? Am I ready to leave? A good rule of thumb is to start the exit…Read More→