“Some dentists have never counted on the sale of their practice as part of their retirement plan, but unfortunately many have” ~Dr. Bruce B. Baird
In this amazing episode of The Productive Dentist Podcast, Dr. Bruce B. Baird covers a crucial topic for any dentist who’s contemplating the future of their practice: understanding the different types of practice sellers. He breaks down the three main types of sellers: the retiring dentist, the dentist looking to take some money off the table, and the entrepreneurial dentist aiming for growth and long-term value.
Dr. Baird shares insights on how to maximize the value of your practice, whether you’re ready to retire and walk away, looking to sell to a Dental Service Organization (DSO), or seeking a deal with high upside potential. He talks about the importance of planning your transition early, understanding the nuances of different sale structures, and navigating potential pitfalls.
As you listen to this episode, we invite you to think about the following questions:
- Am I looking to retire soon, take some money off the table while continuing to work, or do I want to stay involved and maximize long-term growth potential?
- How early should I start planning my practice transition?
- What type of deal structure aligns with my goals and motivation?
https://productivedentist.com/podcasts/the-productive-dentist-podcast/episode-221-different-types-of-sellers/
Different Type of Sellers