“Ninety-five percent of dentists cannot retire and maintain their standard of living, which is sad. It’s not fair.” ~ Dr. Victoria Peterson
Join Investment Grade Practices Podcast host Dr. Victoria Peterson and Dr. Bruce B. Baird (host of The Productive Dentist Podcast) in this raw and candid discussion about seller readiness in the dental profession. The landscape of dentistry is always evolving amidst morphing economic conditions and shifting industry dynamics, which is why it is so important for dentists to prepare themselves for the financial challenges and opportunities that lie ahead.
Dr. Peterson and Dr. Baird emphasize the importance of proactive planning and strategic decision making to ensure that dentists can retire comfortably and maintain their standard of living. Your hosts provide valuable insights into the timeline and considerations for selling a dental practice, how soon you should begin the conversation about selling, and offer practical tips for maximizing practice value and profitability.
Finally, your hosts introduce a new program that is designed to help dentists navigate the complexities of seller readiness, and enhance the value of your practice. In this ever-changing economic climate, this is one episode you do not want to skip.
As you immerse yourself in this episode, consider these key reflections:
- How can you begin strategizing for the sale of your practice now to ensure a smooth transition and maximize its value in the future?
- What steps can you take today to lay the groundwork for seller readiness?
- What strategies can you implement to enhance revenue, reduce expenses, and improve the financial health of your practice?
- What reliable sources of information can you consult to educate yourself about the process of selling your practice and avoid falling prey to industry hype or misleading advice?
Preparing for the Sale of Your Dental Practice
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