Professional Transition Strategies
Professional Transition Strategies
A practice transition is not as simple as some doctors may believe. If not done correctly, it can be a very costly experience. Discover what to do in order to create a successful transition.
Professional Transition Strategies

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How Long Will it Take to Sell Your Dental Practice?
How Long Will It Take to Sell Your Dental Practice? The most common question leading up to a dental practice transition is, “How long will it take to sell my practice?” While the answer isn’t cut and dry, there are a number of factors that contribute to how long your dental practice will be on...  Read More
How to Not Let the Value of Your Dental Practice Drop during a Transition
How to Not Let the Value of Your Dental Practice Drop during a Transition    With so much going on during a dental practice transition, it’s easy to let things slide off your radar. A common and honest mistake is letting the value of your practice drop leading up to the proverbial changing of the...  Read More
20 Questions to Ask a Dental Practice Broker
20 Questions to Ask a Dental Practice Broker    Before  will make for a smooth transition. Here’s a list of 20 questions to get you started in the right direction so you can feel confident in making your selection. Questions to ask a dental practice broker     Do you perform practice appraisals?...  Read More
Single Agency VS. Transaction Dental Practice Broker
Single Agency VS. Transaction Dental Practice Broker By now, hopefully you know that  that is a good fit for you and your situation. But did you know that there’s not just one type of dental practice broker? Read on to decide whether your practice is worthy of assistance from a single agency...  Read More
How to Choose the Best Broker for Your Dental Practice Transition
How to Choose the Best Broker for Your Dental Practice Transition  will focus on the bottom line and vet potential buyers while alleviating stress for you. But how do you know which broker is the best fit for you and your practice? Read on to find out. Ask the right questions Before hiring a...  Read More
4 Reasons to Switch to a Cloud-Based Dental Practice Management Software
4 Reasons to Switch to a Cloud-Based Dental Practice Management Software Simply put, cloud-based software runs on the internet rather than hosted locally on the computer in your dental practice office. In a digital era, it might be surprising to learn that cloud-based management software is not...  Read More
What to Look for in a Dental Practice Lender
What to Look for in a Dental Practice Lender   As with all members of your , finding the right lender isn’t a cut-and-dry process. Likewise, your lender should have a strong understanding of the industry, as well as the ability to judge high-quality practices. Because the dental industry is one...  Read More
What You Need to Know about Delta Dental Premier
What You Need to Know about Delta Dental Premier Unless you’ve been operating under a rock, you might be aware that Delta Dental Premier is being phased out. Because this segment of Delta Dental is being eliminated, dental practices whose patients are primarily Delta Dental Premier subscribers...  Read More
When (and When Not) to Invest in New Dental Equipment
Whether you’ve just  a dental practice or have been in business for decades, the question or whether or not to invest in new equipment will inevitably arise. It may be tempting to invest in all-new dental equipment as the need arises, but before opening your wallet, you’ll want to consider...  Read More
Guest Post: Dental City Dwellers
As a silver-haired dentist who also enjoys a good road trip now and then, I have had the opportunity to make several observations about life in the U.S. These range from evaluating roadside oddities (I always stop and see them, unless doing so will make me late for a college football game or...  Read More
6 Perks of Buying a Rural Dental Practice
6 Perks of Buying a Rural Dental Practice When , it’s easy to be drawn toward big city or metropolitan areas. After all, more people equals more money, right? Not necessarily. One in ten dentists practices outside of a 30-minute radius from a large city, and for good reason. Here are some...  Read More
4 Ways to Prepare for a Dental Practice Relocation
4 Ways to Prepare for a Dental Practice Relocation   Relocating your dental practice is much more than just packing up your boxes and moving. There are a lot of steps that need to take place before the big move in order to ensure a successful outcome for both your staff and patients. Here are just...  Read More
5 More Considerations when Relocating Your Dental Practice
5 More Considerations when Relocating Your Dental Practice Whether you are  across the street or across the country, it is important to have your relocation strategy in place before the big day. There are many reasons why one may decide to move their practice from its current location, including...  Read More
How to Establish a New Dental Practice, the Last 6 Months
How to Establish a New Dental Practice, the Last 6 Months You’re in the home stretch! You’ve made your  and checked it twice; now it’s time to buckle down as your dream becomes a reality. Here, we break down the final steps to opening your dental office doors. 5 months before opening It’s...  Read More
How to Establish a New Dental Practice, the First 6 Months
With so many established dental practice  especially are in a good position to establish a startup. Breaking down the steps to dental practice ownership can be manageable when following a time table. Here’s how. 9–12 months before opening As with any major life purchase, start by evaluating...  Read More
You’ve Graduated from Dental School; Now What?
You’ve studied for the past eight years and now finally have that much coveted dental degree in hand. Now what? Even if your dreams are to own your own practice, there are other options to consider and a few steps you might want to take first. Here, we break down some options for dental school...  Read More
How to Renegotiate Your Dental Practice Lease, Part 2
How to Renegotiate Your Dental Practice Lease, Part 2 By now, you’ve already established your role of landlord or tenant in the lease-renegotiation process thanks to  of this blog post. Now, it’s time to break down the basics of lease renegotation for your dental practice. Here, we offer a primer...  Read More
How to Renegotiate Your Dental Practice Lease, Part 1
How to Renegotiate Your Dental Practice Lease, Part 1    Depending on the remaining time left on the lease of your dental practice, it may be time to renegotiate the terms, which can make financial and practical sense for both the landlord and tenant. The key to a successful renegotiation is to...  Read More
Why Dental Practice Demographics Matter
    Whether looking to  an existing one, assessing the demographics of the surrounding area will only be advantageous. Once you’ve established the type of practice you want, make sure to consider the competitive analysis and demographics to ensure the location will work for your practice. Here are...  Read More
How to Assess Fair Market Value for Your Dental Practice
How to Assess Fair Market Value for Your Dental Practice Assessing fair market value of your dental practice comes in many forms, but the methods that are most appropriate are market and earnings (capital income). Any valuation will ultimately use one of these approaches, but using a combination...  Read More
3 Types of Dental Practice Buy-Ins
Deciding to start the  process isn’t cut and dry. A buy-in allows you to become a partner with an ownership stake in the practice, but from there, the options will depend on your end goals. Here are three types of dental practice buy-ins, broken down by their pros and cons. Single practitioner...  Read More
How To Assess Your Dental Practice Competition
Not assessing your competition is a missed opportunity when establishing your dental practice. While competition can make profitability challenging, being smaller and more innovative positions your practice to be purchased by a larger more conventional practice looking to add products and services,...  Read More
How and Why to Grow Your Dental Practice
You’ve noticed that the revenue of your dental practice is declining or simply staying the same year after year. What do you do to start growing again? Here is some advice to get you headed back in the right direction. Increase marketing Intuitively, there is a direct correlation in practice...  Read More
Transition Timeframes and Factors that Contribute to Them
One of the contributing factors and most commonly asked question when it comes to dental practice transitions is “How long will this take?” As with any business transaction, the answers are not cut-and-dry. Here are some transition timeframes and the factors that contribute to them to help guide...  Read More
WEBINAR: The Secrets of Practice Brokers — How to Buy a Practice
Every so often, Professional Transition Strategies hosts a webinar for buyers to learn more about the  detailed the steps and options when considering buying a dental practice. Here are the key takeaways. Decide where you want to go The most important decision you can make is to choose a location...  Read More
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