In this episode of the Rosen Dental Transitions Podcast, host Dave Miller is joined by Jesse Koski, BJ Kaucher, and Dave Kaucher to discuss crucial aspects of buying, selling, and managing dental practices. The episode dives into seldom-discussed yet vital topics, such as knowing when you're ready to transition out of your practice both mentally and emotionally. Dave Miller highlights the importance of proper planning and assessing your readiness years in advance. BJ Kaucher of Kaucher and Associates offers insights on the financial and emotional readiness required for selling a practice, while Dave Kaucher of Spectrum Wealth Advisors elaborates on the importance of a robust retirement plan. They also discuss unexpected situations, the significance of practice valuations, and the value of their collaborative approach to provide seamless transitions for their clients.Topics01:01 Meet the Guests: Jesse Koski, BJ Kaucher, and Dave Kaucher02:51 BJ Kaucher's Journey in Dental Accounting08:20 Dave Kaucher on Spectrum Wealth Advisors12:44 The Importance of Retirement Planning for Dentists13:48 Emotional and Financial Readiness for Selling a Practice24:06 Unexpected Transitions and the Need for Succession Planning25:38 The Importance of Valuation in Dental Practices25:55 Steps After Getting a Valuation27:44 The Rapid Sale Plan and Estate Planning29:54 Seamless Valuation Process31:10 Financial Stability and Retirement Planning32:17 Real-Life Example: When to Walk Away33:51 The Role of Relationships in Practice Transitions35:06 Determining the Right Time to Sell38:18 Preparing for a Smooth Transition41:35 Enhancing Practice Value44:48 Final Advice for Practice Owners49:12 Contact Information and Closing Remarks