Building Your Team
Just like any successful sports franchise, in order to have a successful transition, acquisition or startup, you need to have the best players on your team. There’s no “I” in team (I hate that phrase) and there’s no “I” in a transition. You can’t do it all yourself and do it well. The first team member you need to bring on board is someone who can help evaluate a practice. That can...Read MoreAre Solo Practice Owners Going the Way of the Golden Toad?
We occasionally hear that the future of solo dental practices is bleak. They will eventually be extinct like the Golden Toad (look it up). Corporate dentistry is growing and going to drive out the solo practitioners. My personal opinion is that I don’t think this is true. I believe there will always be a need and a demand for the solo/non-corporate practice. When I talk about...Read Moreby omniadminJune 3, 2016 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
Veterinary Practice Transitions and Taxes
Taxes are a fact of life, and an extremely important consideration when considering a veterinary practice transition or sale. Let’s explore some potential tax mitigation strategies to consider. Stock Sale. If you are incorporated, sale of the stock in your corporation to the veterinary practice buyer can potentially yield you the greatest tax savings, because the sale of stock is...Read MoreWhat Owning a Dental Practice is Really Like
Owning a dental practice can be like drinking water from a fire hose. It completely consumes you physically, emotionally and intellectually. You not only wear the hat of a clinical dentist, you have to also play the role of human resources, accountant, marketing, public relations, lease negotiator, salesman, supply management, janitor, referee, etc. Whomever believes there is a 40 hour...Read Moreby omniadminMay 10, 2016 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional0 comments
What Owning a Veterinary Practice is Really Like
Owning a veterinary practice can be like drinking water from a fire hose. It completely consumes you physically, emotionally, and intellectually. You not only wear the hat of a veterinarian, but you have to also play the role of human resources, accountant, marketing, public relations, lease negotiator, salesman, supply management, janitor, referee, etc. Whoever believes there is a 40 hour...Read MoreARE YOU 5 TO 7 YEARS AWAY FROM SELLING YOUR DENTAL PRACTICE?
You have had a great career and now you are thinking about selling and transitioning out of your dental practice. You would like to get the best value for your practice. Do you just walk away? Being prepared can not only help you get the best price, it will help ensure a smooth transition. Here are a few things you can do to help prepare for your dental practice transition: 1. Know your...Read Moreby omniadminApril 29, 2016 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
ARE YOU 5 TO 7 YEARS AWAY FROM SELLING YOUR VETERINARY PRACTICE?
You have had a great career and now you are thinking about selling and transitioning out of your veterinary practice. You would like to get the best value for your practice. Do you just walk away? Being prepared can not only help you get the best price, it will help ensure a smooth transition. Here are a few things you can do to help prepare for your veterinary practice transition: 1. Know...Read MoreHow OMNI Dental Practice Group Can Help Speed Up the Process of Selling a Dental Practice
Selling a dental practice, also known as dental practice transitions, is a time-consuming and often stressful experience, both for the seller and for the buyer. Even with a professional to help with the process, it can sometimes take years to complete. OMNI Dental Practice Group can help to streamline the selling process, making the transition smoother and much quicker for all involved. Hard...Read Moreby omniadminMarch 14, 2016 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
