Long in the Tooth: Insights for Age 55+ Dentists
Long in the Tooth: Insights for Age 55+ Dentists
Most dentists fail to plan ahead for the sale of their practice. On this podcast, we share non-clinical insights to help you prepare for the sale of your practice today to maximize your profitability and peace of mind in the future.
Blog By:
Bob Brooks
Bob Brooks

10 things dentists can do to prepare for a transition

10 things dentists can do to prepare for a transition

12/23/2022 6:00:00 AM   |   Comments: 0   |   Views: 160

Season 2 (Wrap-up) - Episode 17


As 2022 wraps up (and so does Season 2 of this podcast), we’ve seen some clear trends that are hurting dentists and their practices as they get ready to sell. 


We want to help you transition into an even richer and more rewarding season of life. So, here is our top 10 list of things you can do to prepare yourself and your practice(s) for a successful transition:


        
  1.     

    Define your expectations

        
  2.     
  3.     

    Define your timeline

        
  4.     
  5.     

    Identify the right successor

        
  6.     
  7.     

    Involve your staff in the process

        
  8.     
  9.     

    Save for retirement

        
  10.     
  11.     

    Spruce up the office

        
  12.     
  13.     

    Evaluate your collections and fees

        
  14.     
  15.     

    Avoid “skimming”

        
  16.     
  17.     

    Stay with your PPOs

        
  18.     
  19.     

    Maintain the status quo

        

Our guest is Larry Chatterley. Larry has specialized in transitioning dental practices and serving the business and transition needs of dentists throughout the western U.S. for over 26 years since he founded CTC Associates in 1988. He has facilitated the successful transition of over 2,000 practices, and has authored several publications on practice transitions.


For more guidance on transitioning your practice, schedule a call at: ctc-associates.com


For help finding a dental practice transition specialist in your area, send a message to:

office@longinthetooth.info



Long in the Tooth is hosted by Randon Jenson & Marie Chatterley of CTC Associates. It was founded by Bob Brooks, CBI, CEPA of Practice Endeavors.
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