If you’re a successful dentist with your own practice, you know all too well about the blood, sweat and tears that got your practice where it is today. You have worked your way up the dentistry ladder, have built your own dental and administrative teams and have transitioned through the growing pains and have become…
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What’s involved when you decide to sell your dental practice?
You worked hard to build a successful dental practice; acquiring a loyal staff and drawing in patients. You put effort into building a reputation and poured many hours into making a name for yourself. Now that you are preparing to retire and have considered stepping out of the equation, it can be a very emotional…
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Now What!? . . . Your goals as a dental professional
Graduation from dental school? Check. Accept position as an Associate at a dental practice? Check. Work several years in the industry? Check. …. Now what? You’ve spent the first several years of your career working as an associate in a dental office. As you look to the future, you recognize an opportunity for success; to…
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The psychology of selling your dental practice
Once an owner realizes that a transition of their practice is inevitable (see our article on Death, Taxes and Transitions) the owner needs to take some time and make certain that he or she is emotionally ready. For most, the issue of emotional readiness to sell is a concern. The emotional bonds of ownership can…
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The market of dental practice sales
For those Dentists whom are interested in selling their business at the optimum time, this article might serve as a good reference point. In order to understand the current dental practice sale market conditions, it’s wise to review the three factors which have the greatest impact on the sale price of the dental practice. 1.…
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Death, Taxes and Transitions
Benjamin Franklin famously coined the phrase in a letter to Jean-Baptist Leroy, “In this world nothing can be said to be certain, except death and taxes.” For owners of Dental practices there is another certainty they will eventually face and that is the transition of their business. While you can’t stop an eventual transition, you…
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