Blog

When is it Time to Value Your Practice?

By Kevin Brady, Practice Transition Advisor Transitioning the practice is probably one of the biggest decisions a dentist will make in their career. Deciding whether to transition the practice to a partner, associate, a new dentist, or corporate dentistry, you will need a plan and experts to help you make the right decision. 3 to 5 Years Before Retirement Having a financial plan when you are...Read More

Why We Chose to Sell Early in Our Careers and What We Learned

By Cindy Pauley, DDS, Practice Broker Early retirement in dentistry is different than most fields. For most people working life involves a minimum of 5-7 career changes. With dentistry, we generally sign up for our entire working life. So, anything less than a lifetime can be considered early. And so our story begins… My husband is in our office between patients massaging his aching thumb...Read More

Market Prices of Veterinary Practices – A Closer Look

By Corey Young, Practice Transition Advisor “What are practices going for?” I get asked this question a lot. I like to ask the following question back. Are you buying a house to live in or a rental unit? This of course usually gets me a confused look, as the person asking me this is looking for a practice and not a property. Let me explain my analogy. A residential house is a...Read More

Market Prices of Dental Practices – A Closer Look

By Corey Young, DDS, Practice Transition Advisor “What are practices going for?” I get asked this question a lot. I like to ask the following question back. Are you buying a house to live in or a rental unit? This of course usually gets me a confused look, as the person asking me this is looking for a practice and not a property. Let me explain my analogy. A residential house is a...Read More

Selling Your Practice Yourself – Penny Smart and Dollar Foolish

By Rod Johnston, MBA, CMA, Practice Transition Advisor, and Jim Vander Mey, CPA, ABI, Practice Transition Advisor You’ve heard the stories of people doing their own electrical work on their house only to be electrocuted when they try fixing the bathroom light while standing in the bathtub full of water. Or the person who decides to fix his brakes on his car only to accidentally cut his brake...Read More