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Posted 7/5/2018 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 17
6 Factors when Valuating a Dental Practice
The process of valuating a dental practice before selling is not only necessary for the  is best. Here is what you can expect to provide during that process.UpgradesShould you ? Yes, if selling within five years; no, if selling within a shorter amount of time. Upgrades can be as small as getting...  Read More
Posted 5/23/2018 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 10
Partnerships versus Mergers: Which Is Right For You?
When looking to combine practices, the million-dollar question (literally) is whether to go with a partnership or a merger. The answer lies in what you’re working toward: retirement or expansion? Here, we break down the two options.PartnershipsWhile  have a 60 percent success rate, it only makes...  Read More
Posted 5/2/2018 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 23
How to Choose a Lender
Obtaining a loan to finance a dental practice, whether to acquire or grow a business, is only made possible with the help of the right bank. As with all major life decisions, you’ll want to work with whom you feel most comfortable, not necessarily who offers the lowest price for their services....  Read More
Dental Practice Transitions: The Five Basic Models
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.While every dentist will have a different vision for their practice transition, there are some general models...  Read More
Dental Practice Transitions: Tax Considerations
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals.When my dental clients get excited about the appraised value of their practice, I caution them with this advice from...  Read More
Posted 2/14/2018 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 78
The Best Way to Sell a Dental Practice
You have likely spent your entire career building a dental practice, but now you’re ready to move on. But selling a dental practice is much more than putting a For Sale sign on the curb. Selling your dental practice is one of the biggest moments in your career and you only have one chance to...  Read More
Posted 2/9/2018 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 21
How do I sell my Colorado Dental Practice?
If you are reading this, you have most likely started to think about selling your Colorado dental practice. Whether you are ready to sell for a personal reason or you want to transition the practice to a partner, you are probably feeling a little overwhelmed by the thought of selling your...  Read More
Posted 9/14/2017 by dentalattorney in The Overlooked Basics   |  Comments: 0  |   Views: 75
The Steps Involved in a Practice Transition
The process of a dental practice transition involves several different contracts. Typically, after the practice owner has selected a potential buyer, that buyer will want to obtain financial or operational information about the practice. Before providing a buyer with confidential practice...  Read More
Posted 9/11/2017 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 21
How Can I Make My Practice More Valuable?
If you are considering selling or transitioning your practice, increasing the value of your practice is, or should be, a priority. It can be difficult to know how or to find the time to make changes at your practice. However, it is very important that you take the time to get your practice and...  Read More
Posted 6/20/2017 by Ellen Dorner in Maximize Your Chances of Selling   |  Comments: 0  |   Views: 47
Planning Your Dental Transition
For many dentists, owning your dental practice consumes the majority of your energy, finances, and professional life. Your practice is more to you than just a profession, its years of blood, sweat, and tears…decades of staff and patient memories. These factors have caused you to form an...  Read More
Posted 4/14/2017 by Ellen Dorner in Maximize Your Chances of Selling   |  Comments: 0  |   Views: 29
Growing Your Dental Practice
Are you looking to grow your dental practice? Perhaps you’re trying to add more patients, create demand for new services, reduce overhead – or all of the above.Many factors outside your control will influence the selling price of your practice, whether it’s next year or five years...  Read More
Posted 4/3/2017 by Synergy Consultants CPAs in Dental Business & Legal Symposium   |  Comments: 0  |   Views: 31
Synergy Consultants & CPAs is pleased to announce the second annual Dental Business & Legal Symposium.Itinerary: 9CEDAY ONE: STRATEGIES TO CONTROL STAFF COSTS AND BUILD A BONUS SYSTEM--1HR KEY BENCHMARKS FOR A MORE PRODUCTIVE HYGIENE DEPARTMENT--1HR STRATEGIES TO ACHIEVE FINANICAL...  Read More
Posted 3/13/2017 by Ellen Dorner in Maximize Your Chances of Selling   |  Comments: 0  |   Views: 14
Is Your Practice Ready to Start the Transition Process?
When the time comes for you to begin the transition process out of your dental practice, there are two parts to that decision. The first is that you are ready to start the process because you are at a point in your life where you want to do all the things on your bucket list, or you want to at...  Read More
Posted 2/7/2017 by Ellen Dorner in Maximize Your Chances of Selling   |  Comments: 0  |   Views: 11
Transition Pitfalls
You never know when something can happen that will impact your ability to practice dentistry. Each year, many dentists find themselves facing the unexpected which prevents them continuing the professional career. Or, more commonly, retirement quickly creeps up on them. Whether it’s due to...  Read More
Posted 2/7/2017 by Ellen Dorner in Maximize Your Chances of Selling   |  Comments: 0  |   Views: 12
When Is The Right Time to Talk To the Staff About Your Transition?
Timing is everything. When dealing with delicate situations such as selling your practice, you should approach the conversation with staff carefully. Some dentists experience feelings of guilt by keeping the news of their dental practice sale a secret from their staff. Or they view keeping the...  Read More
Posted 1/19/2017 by Ellen Dorner in Maximize Your Chances of Selling   |  Comments: 0  |   Views: 10
Location, Location, Location…
One of the most important factors that impact your practice’s value is your location. As baby boomers approach retirement, more Gen Xer’s have the purchasing power. Based on studies, the majority of recent dental school graduates have a desire to practice in urban and suburban areas....  Read More
Posted 12/8/2016 by BillLossef in Dental Practice Sales MLS   |  Comments: 0  |   Views: 67
Dental Practice Broker MLS
Most Dental Practice Brokers run stand alone companies that do not collaborate with other dental practice brokers. This is how things were in real estate 20 years ago when real estate brokers signed up Sellers to Exclusive Right to Sell contracts and did not work with other Brokers. Today, most...  Read More
Posted 11/4/2016 by Dental Insurance Credentialing in Dental Insurance Credentialing   |  Comments: 0  |   Views: 250
Transition Issues Related to Dental Insurance
Transition Issues Related to Dental InsuranceWe often get questions regarding the transfer of ownership and complications with dental insurance networks. Here are some answers to the most common questions asked by clients:Is the buyer able to bill under the seller’s information? Many buyers...  Read More
Posted 9/13/2016 by AxexGabe in Rebel Dentist Podcast   |  Comments: 0  |   Views: 79
Dirty Data Transfers
About the most complicated thing, you can do in your dental practice is transitioning from one dental software to another. This experience can be so traumatic to some, that quite often clinicians find themselves keeping a software that is problematic and/or expensive for fear of transitioning....  Read More
Podcast Episode #6 Demystifying the Buying and Selling of a Dental Practice
Catch THE Jerry Jones Radio Show, live, 11AM Pacific, every Tuesday, at www.blogtalkradio.com/jerry-jonesAvailable on iTunes, Stitcher and at www.jerryjonesdirect.com/podcast Episode #6 Demystifying the Buying and Selling of a Dental Practice ...  Read More
Posted 8/15/2016 by Dr Bill Adams in Bill Adams, DDS   |  Comments: 0  |   Views: 91
The Deciding Decade of Dentistry
If you want a glimpse of the future of dentistry, take a look at the history of the medical profession. While it is indisputable that there are numerous changes in the industry, the future of dentistry is quite predictable. Dentists need to look at the situations that physicians have been facing...  Read More
Posted 7/19/2016 by Bill Rossi in Bill Rossi: Advanced Practice Management   |  Comments: 0  |   Views: 149
PPOs and Practice Transitions
One has to consider many factors when purchasing a practice and now PPO participation has to be taken into account. This becomes even more important when you’re dealing with practice mergers. It is increasingly common to see exiting practices not sold outright but sold to and blended with...  Read More
Posted 10/26/2015 by Dr Bill Adams in Bill Adams, DDS   |  Comments: 0  |   Views: 105
Are You Paying Attention to What You are NOT Doing That Could Significantly Increase Your Practice Value?
Sometimes documenting what you areNOT doing is as important as documenting what you ARE doing when it comes toincreasing the value of your dental practice for potential buyers. In our Practice InformationSummary form, which is used in part to illustrate the value of a dentalpractice, there is the...  Read More
Posted 9/11/2015 by Dr Bill Adams in Bill Adams, DDS   |  Comments: 0  |   Views: 83
Are You Serious or Just Curious?
Thinking About Selling Your Dental Practice?Are you Serious or Just Curious?Understandably, many dentists are initially hesitant when it comes to the idea of selling their practice. Their practice is their identity and, while retirement is a time for new beginnings and fun, it is a big change from...  Read More
Posted 9/1/2015 by Steve Williams in drTransitions   |  Comments: 0  |   Views: 99
The renowned computer scientist Edsger W. Dijkstra said, “Simplicity is a great virtue but it requires hard work to achieve it and education to appreciate it. And to make matters worse: complexity sells better.” How right he is!!Many consultants market their transition services as a...  Read More
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