Four Quadrants Advisory
Four Quadrants Advisory
We dive deep into dentists' finances - both practice and personal - and build a custom plan to take them to the next level, then help execute it completely. We've got the multimillion dollar secret for dentists.
Brogan Baxter

What Happens to Your Practice When You Sell?

What Happens to Your Practice When You Sell?

4/28/2014 9:55:23 AM   |   Comments: 0   |   Views: 1310
Here's my latest post for the Four Quadrants Advisory™ blog.

If you do everything right, what happens to your practice immediately after you sell it and retire is up to you, for the most part. You can have a custom transition process, and ensure that everything is executed to your liking. That allows you to find the partner who’s best suited to carry on your legacy, and to protect the parts of your practice that you most value.

The problem is that not every practice can handle the requirements of a custom transition. Do you have enough production, a large enough facility, and low enough overhead to be able to take on an associate? If not you may be forced into a walk-away sell – zero to six months of preparation, then you hand over the keys and leave. That probably doesn’t sound like what you want, so your priority should be to get your finances in order so that you can transition properly. You’re preparing the nursery for the baby, so to speak...

For the conclusion of this post, and more on how to get your dental practice's finances on the right track, visit Four Quadrants Advisory.
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