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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Buy-In versus Buy-Out: Which Is Right for You?
When looking to transition into a dental practice, the  when the senior doctor is looking to hang up his or her proverbial hat. It’s helpful to know how each works upfront, though. Here are the similarities, differences, and overlaps of a buy-in to buy-out. Agreements A buy-in typically refers...  Read More
6 Perks of Buying a Rural Dental Practice
When , it’s easy to be drawn toward big city or metropolitan areas. After all, more people equals more money, right? Not necessarily. One in ten dentists practices outside of a 30-minute radius from a large city, and for good reason. Here are some perks worth considering if you’re in the...  Read More
5 Considerations when Sharing a Dental Office Space
. Here are some considerations to take into account before signing any agreements. Share the load A space may be underutilized if there are multiple unused operatories or the current doctor only works a few days a week, leaving the office closed for many days. Renting out space to another...  Read More
Buying an Existing Dental Practice versus Starting from Scratch
Buying an Existing Dental Practice Versus Starting from Scratch If only the decision to  you want to engage in, the literal million-dollar question is whether to buy an existing practice or start from scratch. Both options have their pros and cons specific to your financial and personal...  Read More
5 Considerations when Entering into a Dental Practice Merger
5 Considerations when Entering into a Dental Practice Merger Many scenarios exist under the  umbrella when joining dental practices. Most notably, are you merging with a practice so that you and the existing dentist partner together? Or are you merging with an established practice where the...  Read More
How to Manage Your Dental Student Loans ?
How to Manage Your Dental Student Loans   While dentistry will most certainly be a lucrative career in the long run if you play your cards right, the harsh reality is that the average dental school debt is approximately $260K. Add to that an average of $220K in lost earnings plus interest, and a...  Read More
How Divorce Can Affect Your Dental Practice
How Divorce Can Affect Your Dental Practice The original version of this post appears on the  Divorce can truly be a life-changing event, even when it comes to owning a dental practice. While no one plans on ending a marriage, it’s important to take precautions upfront in order to ensure your...  Read More
How to Manage Multiple Locations
The original version of this post appears on the You’ve been bitten by the entrepreneurship bug and have started to wonder if purchasing additional dental practices is your next move. But first, you’ll need to understand what’s involved in owning multiple locations. Here’s how to get your gears...  Read More
How to Work Smarter, Not Harder at Your Dental Practice
How to Work Smarter, Not Harder at Your Dental Practice The original version of this post appears on the   Whether you’ve recently , everyone’s goal should be to work smarter, not harder to avoid potential burnout. Here’s how to make sure you’re getting the most out of the hours in your week,...  Read More
What To Do When Your Dental Practice Is Too Busy
  The original version of this post appears on the   Is your number of active patients—those who have visited the office in the last 18 months—more than 2,500 when 1,500 active patients is considered full capacity? Are you booked 80 percent of the time with a six-month advance? Then it may be...  Read More
Dental Practice Transitions, By The Numbers
You’ve kept up with the . Now it’s time to learn even more about the process by way of a cheat sheet broken down by the numbers. 1,500 Number of active patients considered full capacity for a single dentist. Any more, and it may be time to consider taking on an . 680  Credit score that is favorable...  Read More
Associateship versus Partnership: Which Is Right For You?
Bringing on an  to your dental practice should be done when the patient demand warrants it. But which is right for your dental practice? Here’s how to figure that out. Know your numbers The number of active patients who visit the practice at least every 18 months is a clear indicator that it’s time...  Read More
How to Increase Production of Your Dental Practice
Whether you’re looking to sell your dental practice or just purchased one, increasing your production should be top of mind. Here are five ways to increase production of your dental practice both before or after a transition. Scope of services One of the most efficient and profitable ways to grow...  Read More
How to Get a Better Deal on Your Business Loan
There’s room for negotiation in every step of the dental-practice-buying process, including when shopping for a business loan. A low interest rate, low fees, favorable payment schedule, and flexible or no-collateral security will all significantly enhance the benefits of your business loan....  Read More
5 Reasons to Use a Professional Broker to Sell Your Practice
 to do the heavy lifting rather than attempting to add that task to your already full plate. In order to get the most of your sale, both financially and personally, there are other considerations that can affect the entire outcome of selling your practice. After all, your time is money. Focus...  Read More
How to Get a Return on Your Dental Practice Investment
Purchasing a dental practice is no easy task, but it’s only the beginning of the hard work you’ll need to do to see a return on your investment. Whether the practice is new or existing, opportunity cost should drive all your post-buying decisions. Here’s how you can ensure ROI is top of mind....  Read More
4 Steps to Selling Your Dental Practice
4 Steps to Selling Your Dental Practice A . Here are the steps you should take to sell your dental practice. Hire a broker A  can perform these services at no charge.) Vet potential buyers A non-disclosure agreement is signed by every potential buyer who inquires about your practice, after which...  Read More
10 Steps to Buying a Dental Practice
10 Steps to Buying a Dental Practice You’re ready to start the dental practice buying process. But how? Before getting the keys turned over to you, there are a few steps you’ll need to follow first. Here’s what you can expect from the transition process. Get pre-qualified Providing your net...  Read More
5 Steps to a Pre-Retirement Plan
Any business owner will tell you  doesn’t happen overnight. A well-planned retirement from your dental practice can start as early as five years out. Here are some suggestions to help grease the wheels in the meantime. Valuation You don’t need to wait until you’re ready to sell to start the )...  Read More
7 Changes to Make After a Dental Practice Transition
No two dental practice transitions are alike, but there is one hard-fast rule that buyers should follow across the board: Don’t make any changes after acquiring a practice for at least six months, no matter how , if you want to keep patients and staff happy. What’s more, it is to your benefit...  Read More
How To Notify Your Patients of a Dental Practice Transition
A successful transition of a dental practice should always keep the best interest of the patients in mind. Financing and purchase price depend on patient retention after the sale, which is why notifying your patients needs to be done properly and in a timely manner. A properly crafted exit...  Read More
3 Factors that Contribute to the “Goodwill” of Your Dental Practice
When looking to . Community status When a dentist who has good standing in the community sells a practice, the goodwill of that practice is transferred over to the buyer. Ensuring a  starts before signing on the dotted line with the practice name, location, and brand awareness and marketing....  Read More
5 Ways to Ensure a Successful Dental Practice Transition
There’s more to a successful dental practice transition than signing on the dotted line. It is a benefit to both the  that the process is smooth in order to maintain a reputation while keeping patients and staff happy. Here’s how. Determine transition type The first step is for the  the...  Read More
6 Considerations When Relocating Your Dental Practice
The old real estate adage of “location, location, location” also applies to your dental practice when considering a move. Whether you’ve outgrown your current space or are just looking for a change of scenery, there are other considerations you’ll want to make when looking to relocate your dental...  Read More
A purchase agreement is just one of the many contracts you’ll enter when purchasing a dental practice. While the amount of paperwork may seem daunting, it’s important to make sure all aspects are covered so there are no surprises after signing on the dotted line. Here are six types of...  Read More
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