Dental Practice Management: How to Prepare for the Unexpected
If an unexpected incident occurs in your life, do you have a plan for your dental practice? As an owner, it’s imperative you take the initiative to craft a backup plan in case an event should occur. Working with a…
#1 Selling Hurdle: The Illusion of Control
If you’ve thought to yourself, “It’s time to sell my dental office,” you know it’s an emotional, life-changing decision. At some point, every dentist reaches this inevitable juncture. Whether you’re ready to sell, or you’re just getting started, total control…
Know Your Business: 10 Important Questions to Answer Before Your Transition
Dental practice transitions can require you to make some of the most important business decisions you will ever implement. The best way to preserve your practice equity, avoid unnecessary stress, prevent financial disaster and have an overall successful transition as…
The Deciding Decade of Dentistry
If you want a glimpse of the future of dentistry, take a look at the history of the medical profession. While it is indisputable that there are numerous changes in the industry, the future of dentistry is quite predictable. Dentists…
Referrals: Are you paying attention to what you are NOT doing? It could significantly increase your practice value.
Sometimes documenting what you are NOT doing is as important as documenting what you ARE doing when it comes to increasing the value of your dental practice for potential buyers. In our Practice Information Summary form, which is used in…
Are You Serious or Just Curious?
Thinking About Selling Your Dental Practice? Understandably, many dentists are initially hesitant when it comes to the idea of selling their practice. Their practice is their identity and, while retirement is a time for new beginnings and fun, it is…
How to Sell a Dental Practice: The First Steps
Once you’ve determined that this is the right time to sell your dental practice, you should act quickly to take advantage of a favorable market. The following are the critical first steps you should take to initiate the dental practice…
Selling Your Dental Practice: When Is the Right Time?
When selling a dental practice, there are two things you want to get right: the buyer and the price. To ensure that you’re successful in these two areas, you have to decide on the right time to sell. Waiting until…
10 Steps to a Successful Dental Practice Sale
Prepare for the Transition to a New Owner & New Management When you make the decision to sell your dental practice, start to prepare your practice for the new owner. Start putting things in order so the practice runs smoothly…
Presenting Your Dental Practice to Potential Buyers
At Southeast Transitions, we are often asked by future sellers, “What do we need to prepare to present our practice to future buyers?” Here’s what we have found: Have a clear message about the reason for the sale. Prospective buyers…
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