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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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 goThe most important decision you can make is to choose a location for...  Read More
4 Steps for Practice Success
4 Steps for Practice SuccessRegardless of your  goals, it’s never a bad idea to hire a consultant to take a step back and evaluate your practice. Where do you stand, and where could you afford to go? Start envisioning your dream dental practice now, and follow these four steps along the...  Read More
How to Start a Dental Practice Roll-Up
When it comes to  when the practice is purchased. Here’s how to start a dental practice roll-up plan.Determine sizeDental practices can be combined by a central group taking over all the business processes while the practices have a management service contract back in the case of a . But smaller...  Read More
How to Roadmap an Associate-to-Buy-In Dental Practice Transition
How to Roadmap an Associate-to-Buy-In Dental Practice Transition  The roadmap to any  can take many forms. In the case of an associate-to-buy-in strategy, a potential buyer is courted from a group of associates to buy-in over a period of time to ensure compatibility and allow time to figure out the...  Read More
Buy-In versus Buy-Out: Which Is Right for You?
When looking to transition into a dental practice, the  when the senior doctor is looking to hang up his or her proverbial hat. It’s helpful to know how each works upfront, though. Here are the similarities, differences, and overlaps of a buy-in to buy-out.AgreementsA buy-in typically refers to...  Read More
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 perks worth considering if you’re in the...  Read More
5 Considerations when Sharing a Dental Office Space
. Here are some considerations to take into account before signing any agreements.Share the loadA space may be underutilized if there are multiple unused operatories or the current doctor only works a few days a week, leaving the office closed for many days. Renting out space to another doctor will...  Read More
Buying an Existing Dental Practice versus Starting from Scratch
Buying an Existing Dental Practice Versus Starting from ScratchIf only the decision to  you want to engage in, the literal million-dollar question is whether to buy an existing practice or start from scratch. Both options have their pros and cons specific to your financial and personal situation....  Read More
5 Considerations when Entering into a Dental Practice Merger
5 Considerations when Entering into a Dental Practice MergerMany scenarios exist under the  umbrella when joining dental practices. Most notably, are you merging with a practice so that you and the existing dentist partner together? Or are you merging with an established practice where the selling...  Read More
How to Manage Your Dental Student Loans ?
How to Manage Your Dental Student Loans While dentistry will most certainly be a lucrative career in the long run if you play your cards right, the harsh reality is that the average dental school debt is approximately $260K. Add to that an average of $220K in lost earnings plus interest, and a...  Read More
How Divorce Can Affect Your Dental Practice
How Divorce Can Affect Your Dental PracticeThe original version of this post appears on the Divorce can truly be a life-changing event, even when it comes to owning a dental practice. While no one plans on ending a marriage, it’s important to take precautions upfront in order to ensure your assets...  Read More
How to Manage Multiple Locations
The original version of this post appears on theYou’ve been bitten by the entrepreneurship bug and have started to wonder if purchasing additional dental practices is your next move. But first, you’ll need to understand what’s involved in owning multiple locations. Here’s how to get your gears...  Read More
How to Work Smarter, Not Harder at Your Dental Practice
How to Work Smarter, Not Harder at Your Dental PracticeThe original version of this post appears on the  Whether you’ve recently , everyone’s goal should be to work smarter, not harder to avoid potential burnout. Here’s how to make sure you’re getting the most out of the hours in your week, months,...  Read More
What To Do When Your Dental Practice Is Too Busy
 The original version of this post appears on the  Is your number of active patients—those who have visited the office in the last 18 months—more than 2,500 when 1,500 active patients is considered full capacity? Are you booked 80 percent of the time with a six-month advance? Then it may be time to...  Read More
Dental Practice Transitions, By The Numbers
You’ve kept up with the . Now it’s time to learn even more about the process by way of a cheat sheet broken down by the numbers.1,500Number of active patients considered full capacity for a single dentist. Any more, and it may be time to consider taking on an .680 Credit score that is favorable to...  Read More
Associateship versus Partnership: Which Is Right For You?
Bringing on an  to your dental practice should be done when the patient demand warrants it. But which is right for your dental practice? Here’s how to figure that out.Know your numbersThe number of active patients who visit the practice at least every 18 months is a clear indicator that it’s time...  Read More
How to Increase Production of Your Dental Practice
Whether you’re looking to sell your dental practice or just purchased one, increasing your production should be top of mind. Here are five ways to increase production of your dental practice both before or after a transition.Scope of servicesOne of the most efficient and profitable ways to grow...  Read More
How to Get a Better Deal on Your Business Loan
There’s room for negotiation in every step of the dental-practice-buying process, including when shopping for a business loan. A low interest rate, low fees, favorable payment schedule, and flexible or no-collateral security will all significantly enhance the benefits of your business loan. Here’s...  Read More
5 Reasons to Use a Professional Broker to Sell Your Practice
 to do the heavy lifting rather than attempting to add that task to your already full plate. In order to get the most of your sale, both financially and personally, there are other considerations that can affect the entire outcome of selling your practice. After all, your time is money.Focus on the...  Read More
How to Get a Return on Your Dental Practice Investment
Purchasing a dental practice is no easy task, but it’s only the beginning of the hard work you’ll need to do to see a return on your investment. Whether the practice is new or existing, opportunity cost should drive all your post-buying decisions. Here’s how you can ensure ROI is top of mind.Time...  Read More
4 Steps to Selling Your Dental Practice
4 Steps to Selling Your Dental PracticeA . Here are the steps you should take to sell your dental practice.Hire a brokerA  can perform these services at no charge.)Vet potential buyersA non-disclosure agreement is signed by every potential buyer who inquires about your practice, after which time a...  Read More
10 Steps to Buying a Dental Practice
10 Steps to Buying a Dental PracticeYou’re ready to start the dental practice buying process. But how? Before getting the keys turned over to you, there are a few steps you’ll need to follow first. Here’s what you can expect from the transition process.Get pre-qualifiedProviding your net income,...  Read More
5 Steps to a Pre-Retirement Plan
Any business owner will tell you  doesn’t happen overnight. A well-planned retirement from your dental practice can start as early as five years out. Here are some suggestions to help grease the wheels in the meantime.ValuationYou don’t need to wait until you’re ready to sell to start the ) in...  Read More
7 Changes to Make After a Dental Practice Transition
No two dental practice transitions are alike, but there is one hard-fast rule that buyers should follow across the board: Don’t make any changes after acquiring a practice for at least six months, no matter how , if you want to keep patients and staff happy. What’s more, it is to your benefit to...  Read More
How To Notify Your Patients of a Dental Practice Transition
A successful transition of a dental practice should always keep the best interest of the patients in mind. Financing and purchase price depend on patient retention after the sale, which is why notifying your patients needs to be done properly and in a timely manner. A properly crafted exit strategy...  Read More
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