Not All Valuations are Created Equal
Practice valuations and those that value practices can come in all shapes and sizes. Did you know that there are probably 20 different methods you can use to value a practice? Did you know there are 5 to 10 different certifications or accreditations for those who value practices? Rule of thumb valuations are ones that are typically quoted and overly abused. The typical rule of thumb...Read Moreby omniadminJuly 2, 2019 Practice Sales, Practice Transtions, Seller Articles, Using a Professional0 comments
Broker Vs. No Broker
By Megan Urban & Jim Vander Mey, CPA, ABI Thinking of selling your practice but don’t want to pay the broker’s commission? Think again. History shows that any time you sell your business and/or real estate yourself, the chance of failure of the transaction is over 50%. A commission will be much more digestible than the result if you try to do it yourself. We receive calls from senior...Read Moreby omniadminJuly 2, 2019 Practice Sales, Practice Transtions, Seller Articles, Using a Professional0 comments
Broker Vs. No Broker
By Megan Urban & Jim Vander Mey, CPA, ABI Thinking of selling your practice but don’t want to pay the broker’s commission? Think again. History shows that any time you sell your business and/or real estate yourself, the chance of failure of the transaction is over 50%. A commission will be much more digestible than the result if you try to do it yourself. We receive calls from senior...Read Moreby omniadminMay 17, 2019 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
HARVESTING YOUR EQUITY IN YOUR PRACTICE
You Don’t Have To Retire If You Sell Your Practice By Rod Johnston, MBA, CMA A few years ago, I decided to sell my house in Kirkland, WA. I wasn’t planning on moving anywhere. I still planned on living for quite a while longer. I didn’t have any health issues, nor was I downsizing from my 1,100 square foot house to a smaller house. I purchased the house almost 20 years prior and it...Read MoreBroker versus No Broker
By Megan Urban Broker/Production/Collection Consultant, Omni Practice Group Thinking of selling your practice but don’t want to pay the broker’s commission? Think again. Do you ever refer out procedures because you know the specialist has more experience, may get a better result, and take less time? History shows that any time you sell your business and/or real estate yourself, the...Read MoreWant to Sell Your Practice in 2-5 Years?
By Megan Urban Broker/Production/Collection Consultant, Omni Practice Group If you are considering selling in a few years, contact a broker now that has lots of dental experience and can assist you to prepare. You may want to continue the way you have until you sell, but if you have any interest in doing a few things to secure a higher price and have a desirable practice to buyers,...Read MoreWhy Practices Don’t Sell
All practices are not created equal. We list several practices each year that for one reason or another, do not sell. It’s a frustrating experience not only for the seller, but for us as a broker. Here are some reasons that your practice may be difficult, if not impossible, to sell, and how to avoid not selling your practice. Your overhead is too high. Practice buyers and their...Read Moreby omniadminApril 12, 2019 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
The Cost of Waiting to Sell
By Rod Johnston, MBA, CMA & Jim Vander Mey, CPA, ABI Everything has a cost. If I hit the snooze button on the alarm one time, my cost could be that I potentially get to work late. If I get up early and don’t hit the snooze button, the cost is not being able to sleep an additional 10 or 15 minutes. I’ve been around the block long enough to know timing is everything. If I would have...Read Moreby omniadminMarch 7, 2019 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
