Professional Transition Strategies
Professional Transition Strategies
PTS wants to help you every step of the way. Whether you're selling, buying, leasing or expanding your dental clinic, PTS is here to provide the information, answers and expertise you need. Check back weekly for our most recent blog posts!
Professional Transition Strategies

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How to Mix Business and Family at Your Dental Practice
Ask the right questions Rather than wonder how going into business with your spouse would affect your marriage and, in turn, the business, there are a few other nitty-gritty questions you’ll want to ask yourself first. How do the two of you plan to lead? Identify your strengths and weaknesses,...  Read More
How Capital Gains Tax Increases Can Affect Business Owners Looking To Retire
As if this past year hasn’t been enough of a rollercoaster, capital gains tax have the potential to almost double from 20% to 39.6% for profits made on the sale of stock or property for people who make more than $1 million in income. With 2022 seemingly around the corner, it leaves a narrow window...  Read More
3 Ways to Remain Professional In Your Own Dental Practice
Open communication Now more than ever, it’s important to keep the lines of  open between employer and employees or patients. Harken back to the time when dental practices were shut down due to COVID-19 and dental practices had to keep patients and staff informed on timelines and plans to reopen....  Read More
How Selling Your Dental Practice Can Be a Fulfilling Experience
Define your purpose Whether you’re a first-time business owner or experienced entrepreneur, a well-laid plan includes finding happiness through all the debt and obligations. Take the time to identify why you started the business and where you ended up. Then, how do you plan to spend your time...  Read More
3 Steps to Owning a Small Group Dental Practice
Gone are the days of one-owner dental practices. These days, owning a small group practice requires an increase in managerial responsibilities that private practices don’t often face. Here’s how the economies of scale and benefits of “grouping up” can be worth it from financial and logistical...  Read More
How Rent and Salary Can Affect Your Dental Practice Valuation
Answering the question of how much your dental practice is worth isn’t as cut and dry as assessing the market price of your house since a dental practice’s value is linked to how attractive it is as an investment for potential buyers. Every dentist has unique goals, so making the right move will...  Read More
Why Dentists Should Pay Attention to the HIPAA Privacy Rule Changes
Consideration of provider burden “Some of the proposed changes could inconvenience patients, take time away from patient care, disrupt schedules, or overburden dental offices,” ADA President Daniel J. Klemmedson, D.D.S., M.D., and Executive Director Kathleen T. O’Loughlin, D.M.D., said in their...  Read More
Why Start Planning Your Retirement Now
Just because you aren’t ready to hang up your proverbial hat doesn’t mean you should wait to plan retirement from your dental practice. Even if you aren’t ready to make an immediate change, envisioning your post-transition life starts with years of pre-planning. Here’s how to plan ahead, even if...  Read More
How to Avoid Financial Mistakes from the Pandemic
Just because shutdowns as a result of the COVID-19 pandemic are in the rearview mirror, doesn’t mean your dental practice is out of the weeds just yet. Now more than ever, it’s important to tighten your purse strings to keep your dental practice on financial pace to recovery. Here’s are some...  Read More
How President Biden’s Tax Plan Affects You
With any new presidency comes change, no matter which side of the aisle you sit on. U.S. President Joe Biden plans to raise taxes by nearly $3.5 trillion during the next 10 years on corporations and individuals who earn more than $400,000 annually, which may affect your financial status. Here is...  Read More
A Breakdown of the 2021 Salary Survey
2020 was anything but a typical year for dental practices with mandatory shutdowns and patients hesitant to . Big picture COVID-19 impacted the workforce in ways we’re still trying to understand. Of the 10,890 dental professionals surveyed nationwide, 35% will seek new employment in 2021, while...  Read More
Should Your Dental Practice Require COVID-19 Vaccines for Staff?
Anti-vaxx There will most certainly be employees who are hesitant to get the vaccine due to its tight timeframe for release, potential side effects, or other personal considerations. No matter the reason, the employer must carefully consider and manage the concern on a case-by-case basis, even if...  Read More
It’s an understatement to say a lot is on the line for this November’s presidential election in the U.S. But is your dental practice one of them? The short answer is no, the outcome of next month’s election will not make or break your dental practice. Here’s why with both points and counterpoints...  Read More
We’ve gone through some crazy months with the COVID-19 pandemic shutdown. Those owning dental practices undoubtedly wonder how locking their doors for all procedures aside from emergencies would affect their numbers and, in turn, the value of their practice. Unlike businesses such as restaurants,...  Read More
How to Not Let the Value of Your Dental Practice Drop during a Transition
How to Not Let the Value of Your Dental Practice Drop during a Transition    With so much going on during a dental practice transition, it’s easy to let things slide off your radar. A common and honest mistake is letting the value of your practice drop leading up to the proverbial changing of the...  Read More
20 Questions to Ask a Dental Practice Broker
20 Questions to Ask a Dental Practice Broker    Before  will make for a smooth transition. Here’s a list of 20 questions to get you started in the right direction so you can feel confident in making your selection. Questions to ask a dental practice broker     Do you perform practice appraisals?...  Read More
Single Agency VS. Transaction Dental Practice Broker
Single Agency VS. Transaction Dental Practice Broker By now, hopefully you know that  that is a good fit for you and your situation. But did you know that there’s not just one type of dental practice broker? Read on to decide whether your practice is worthy of assistance from a single agency...  Read More
4 Reasons to Switch to a Cloud-Based Dental Practice Management Software
4 Reasons to Switch to a Cloud-Based Dental Practice Management Software Simply put, cloud-based software runs on the internet rather than hosted locally on the computer in your dental practice office. In a digital era, it might be surprising to learn that cloud-based management software is not...  Read More
What to Look for in a Dental Practice Lender
What to Look for in a Dental Practice Lender   As with all members of your , finding the right lender isn’t a cut-and-dry process. Likewise, your lender should have a strong understanding of the industry, as well as the ability to judge high-quality practices. Because the dental industry is one...  Read More
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