Podcast Episode #312: Brannon Moncrief - Post COVID practice acquisition and transition opportunities - Here's What You Need to Know
Episode #312: Dentist Freedom Blueprint Podcast
Brannon Moncrief - Post COVID practice acquisition and transition opportunities - Here's What You Need to Know
As we transition into 2021, it’s important to be looking at the unique opportunities this year will bring. Brannon Moncrief, owner of McLerran & Associates Practice Transitions, joins the show today to share his insight into the coming year and how to navigate post COVID practice acquisitions and transition opportunities.
Listen in as Brannon shares his experience facilitating and assisting practice transitions so you can get a better view of the role he plays and how other practices are navigating this. You learn the importance of financing in this process, what has changed when it comes to lenders and acquiring the financing you need, and how to set yourself up to reach your practice goals.
Minute Markers:
1:20 – How Brannon got started in practice transitions.
4:17 – The opportunities for practices coming up in 2021.
8:34 – What changed with lenders and what they’re planning to do in the coming year.
14:30 – What practice buying looks like for the private buyer and how COVID has affected that.
17:57 – What the market is focusing on and a key issue that some doctors are facing when wanting to sell.
24:29 – What young doctors coming out of school should aim for if they want to own a practice.
Featured on the Show:
Brannon Moncrief: Website | LinkedIn
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.