True or false: A lawyer or other legal representation should be standard for any practice transition. |
698 total votes |
|
| 94% |
| True |
|
| 6% |
| False |
|
|
Would you ever sell your practice to a DSO? |
93 total votes |
|
| 38% |
| Yes |
|
| 62% |
| No |
|
|
Have you ever worked with an ADA Advisor? |
94 total votes |
|
| 3% |
| Yes and the experience was beneficial |
|
| 3% |
| Yes but the experience was not helpful |
|
| 70% |
| No |
|
| 23% |
| I was unaware that ADA offered this service |
|
|
What aspect of your practice most needs an update? |
77 total votes |
|
| 32% |
| Exterior (signage, paint, etc.) |
|
| 31% |
| Interior (lobby, furnishings, etc.) |
|
| 36% |
| Clinical (technology, instruments, etc.) |
|
|
Which best describes your current office? |
86 total votes |
|
| 9% |
| New practice (less than five years old) |
|
| 30% |
| Recently remodeled/renovated |
|
| 60% |
| Needs some updating |
|
|
Have you had your practice appraised in the past five years? |
92 total votes |
|
| 41% |
| Yes |
|
| 59% |
| No |
|
|
If you sold your practice, would you want to continue working there after the sale? |
92 total votes |
|
| 34% |
| No |
|
| 52% |
| Yes, primarily to help with the transition |
|
| 14% |
| Yes, primarily for the money |
|
|
What is your goal retirement age? |
94 total votes |
|
| 10% |
| Under 55 |
|
| 44% |
| 55 to 65 |
|
| 38% |
| 65 to 75 |
|
| 9% |
| I'll practice until I drop! |
|
|
Would you (or have you) meet with a transition specialist before selling your practice? |
92 total votes |
|
| 75% |
| Yes |
|
| 25% |
| No |
|
|
If you've had a comprehensive practice valuation, how did the number compare to your estimate? |
92 total votes |
|
| 14% |
| The valuation was lower than my estimate |
|
| 4% |
| The valuation was higher than my estimate |
|
| 35% |
| The two numbers were comparable. |
|
| 47% |
| I've never had a practice valuation done. |
|
|