by omniadminMay 17, 2022 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional0 comments
Benefits of Hiring a Broker
By Kevin Brady Why use a Dental Broker to Sell your Practice? After many years of the hard work, long hours, and substantial investment that go into building a dental practice, you’re now thinking about selling the practice. It’s easy to assume that the practice will sell quickly and for a great price when you are ready to sell. Feedback from doctors who have recently sold their...Read MoreFrequently Asked Questions for Dental Sellers
By Rod Johnston, MBA, CMA Do I have to pay out my staff vacation and sick time at closing? Yes, after the sale has closed, you will write a check for accrued vacation time to your staff members. The staff will then start accruing vacation and sick time under the new practice owner. Paying out sick time depends on your individual state laws. Some states have recently implemented mandatory sick...Read Moreby omniadminApril 3, 2022 Associate Articles, Buyer Articles, Practice Management, Seller Articles, Students0 comments
Interview Questions for Every Dental Practice Role
By Megan Urban, Practice Transition Advisor Businesses across the country are struggling with staffing issues and the dental world is NO exception. During the pre-pandemic years finding great staff was a challenge, but since the pandemic began finding and retaining great staff has become a tumultuous experience. What follows are some interview questions that have helped dentists and their...Read MoreSettling Liens Prior to Listing Your Practice
By Jen Bennett, Omni Practice Group In preparation for listing your practice, there are several steps to consider, but one important step that is often overlooked is settling any outstanding liens against your practice. As you know, “A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A creditor or a legal judgment could establish a lien. A...Read More10 Tips to Help Make a Workback Successful
Bruce Johnson, DDS, Practice Transition Advisor at Omni Practice Group, has personally been involved with 3 practice sales and workback agreements. In this video, he provides you with 10 tips to help your workback transition be successful. https://youtu.be/IyEI-U1EXlsVideo can’t be loaded because JavaScript is disabled: 10 Tips to Help Make a Workback Successful...Read MoreWhat Dentists Need to Know Before Selling to a DSO
By Rod Johnston, MBA, CMA Selling your practice is a major decision you face. You must decide when is the right time to sell? At what price will you sell? To whom do you want to sell your practice? And how will you transition out? These last couple of years haven’t helped any with Covid not going away anytime soon, the economy during a recession, and potential tax increases at the state...Read MoreWhat Do You Think Your Practice is Worth?
Megan Urban, Practice Transition Advisor at Omni Practice Group, explains why it is a good idea to get an understanding of what your practice is worth 2-3 years before you plan to sell. https://youtu.be/93r-dD-eH_cVideo can’t be loaded because JavaScript is disabled: What Do You Think Your Practice Is Worth? (https://youtu.be/93r-dD-eH_c) Read Moreby omniadminDecember 23, 2021 Practice Management, Practice Transtions, Seller Articles, Selling a Practice0 comments
