10 Pitfalls To Avoid In Your Transition
Making just one of these mistakes may cost you hundreds of thousands of dollars. Ensuring you have a successful transition involves preparation and knowledge. There are numerous things you should do to make sure your practice is ready to sell. There are also several things you need to avoid in order to make your transition successful. Here are a few pitfalls to make sure to avoid: Letting...Read MorePreparing To Sell My Dental Practice
Preparing To Sell My Dental Practice By Megan Urban Selling your practice can be a difficult decision to make for many reasons. Perhaps you aren’t ready to stop treating patients but want fewer headaches. Perhaps you don’t know where to start or how the process works. Start today by contacting us to provide you with years of experience to bring you comfort and understanding. Below are a...Read MoreThe Short List Before Selling Your Veterinary Practice
There are many steps to selling your veterinary practice and your trusted advisors are here to help. Right now, we want to address just a few items that many veterinarians don’t think about and that can lead to surprises. Contact your CPA and/or Financial Planner regarding the following items: Are you financially prepared to retire? Your transition specialist (broker) can assist you in...Read MoreThe Short List Before Selling Your Dental Practice
by Megan Urban, Practice Transition Advisor, Omni Practice Group There are many steps to selling your practice and your trusted advisors are here to help. Right now, I want to address just a few items that many dentists don’t think about and that can lead to surprises. Contact your CPA and/or Financial Planner regarding the following items: Are you financially prepared to retire? Your...Read Moreby omniadminSeptember 26, 2022 Practice Management, Practice Sales, Practice Transtions, Seller Articles0 comments
Veterinary Partnerships
Veterinary partnerships can be great or not-so-great. They can include different scenarios: buying a partnership, adding a partner to your existing practice, or a start-up partnership. To ensure you have the best outcome, financially and emotionally, you’ll need to consider some important questions. Are you friends, relatives, or colleagues with the people whom you are considering entering...Read MoreDental Partnerships
By Megan Urban, Practice Transition Consultant, Omni Practice Group Dental partnerships can be great or not-so-great. They can include different scenarios: buying a partnership, adding a partner to your existing dental practice, or a start-up partnership. To ensure you have the best outcome, financially and emotionally, you’ll need to consider some important questions. Are you friends,...Read Moreby omniadminSeptember 2, 2022 Practice Management, Practice Sales, Practice Transtions, Seller Articles0 comments
Settling Credits Before Listing Your Practice
You’ve made the decision to sell your practice, and with that comes the to-do list of tasks that can often feel daunting. One important task that is often overlooked is settling patient credit balances. What are credit balances and where do they come from? In many cases, a patient will have a credit on their account when their insurance pays more toward their treatment than anticipated or you...Read Moreby omniadminSeptember 2, 2022 Practice Management, Practice Sales, Seller Articles, Selling a Practice0 comments
