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→
Tag: selling dental practice
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 the…Read More→
Location, Location, Location…
One of the most important factors that impacts your practice’s value is your location. As baby boomers approach retirement, more Gen Xer’s have the purchasing power. Based on studies, the majority of recent dental school graduates have a desire to practice in urban and suburban areas. According to surveys, practice values continue to remain at…Read More→
Dental Transition FAQs: What You Should Know About Selling Your Practice
When is the best time to transition? The best time to begin planning your transition out of dentistry is as soon as possible. Early planning gives you time to identify your sale goals, access your financial needs, and work with your dental broker to maximize the value of the revenue generated from your dental practice…Read More→
There’s More to Selling Your Dental Practice Than the Price
Here is a post from Tim Lott, CPA, CVA and Ellen Dorner of NL Transitions, a Dental Brokerage firm. Far too many times when dentists are preparing to sell their dental practice, they are focused mainly on the price and may wind up overlooking many other issues surrounding the practice sale that are just as important, some even more important than…Read More→