What is a dental practice exit strategy and how will it benefit you when you’re ready to retire? What are the common dental practice exit mistakes dentists make?
Oftentimes, dentists are so caught up in their day-to-day grind of everything involved in running a dental practice that they do not have the time to figure out your exit strategy. You do everything from managing the staff to negotiating a new lease and, oh yeah, you also do dentistry in between. You are just too busy to even think about your exit.
Until, one day, your back blows out, your spouse tells you to retire, or you just plain get tired of managing staff and dealing with insurance companies, cutting reimbursements, and health departments or state taxing authorities coming by for a “little visit”. You decide, it’s time! Maybe you want to continue doing dentistry at some level, either part-time, or full-time. How about selling a partnership? Maybe you want to be completely done. Here are the top five strategies you can think about before that time happens and where we have expertise in making it happen.
In this episode of The Dentrepreneur Show, Dr. D. Todd Russell, DDS will talk to Chris Vandiford to direct us on that subject. Chris is a 20+ year dental transition consultant, bringing buyers and his experience to your dental transition. Chris completes successful dental transitions by aligning the seller with the right buyer every time. Chris Vandiford will also guide the attorneys, CPA’s and bankers to cross the dental transition finish line together.
Chris will touch on topics such as:
- What 24 years in dental transition has been like.
- Building the systems and cultures necessary to prepare for your future exit from your dental practice.
- The Right Time: How to execute your exit strategy when you’re on top.
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Reach out to Chris Vandiford:
Social Media:
- LinkedIn: @chris-vandiford
- Facebook: @TransitionOne.net
- Twitter: @transitionone1
- Website: https://transitionone.net/
Connect with Dr. D. Todd Russell, DDS:
- Website: https://dentrepreneurllc.com/
- LinkedIn: Dr. D Todd Russell, DDS
- Twitter: @drtoddrussell
Quotes
“You wanna execute your strategy when you’re on top” - Chris Vandiford