In this episode of Transition Talk we switch gears a bit and focus on the other side of the transition coin, so sellers, listen up! Transitioning a practice is a full spectrum decision that can impact you financially, emotionally and can alter the rhythm of your days. In this episode we focus on the outright or “walk away” type of sale and how you know you might be ready and more importantly how to prepare so when the day comes you can transition your practice with success!

Oh, mistakes and hindsight! Not all in the transition world is rosy! In this Transition Talk we highlight some of the most common mistakes a buyer and new owner can make in the diligence phases and early ownership. We also talk about how to potentially avoid those snafus so you can get to the finish line of practice ownership and start out on the right foot.

The letter of intent is where it all starts. In this episode, we talk about what the letter of intent means, what terms need to be included, who the players are in the process and the various levels of formality your offer may or not be depending on your situation. As always, communication is key, but we have some good tips and insight into this critical process! We’ve also posted some more detail on our blog about additional terms we don’t get to in the episode, so head on over to our blog post to check that out! http://www.nationaldentalplacements.com/blog/

At NDP we aren’t experts on everything and we pride ourselves on making sure that we connect our clients to those people who are the best at what they do in dentistry, so you can feel confident in your team. In this Bonus episode of Transition Talk, we interview Travis Hornsby, the founder of the Student Loan Planner, who does this day in and day out for clients like you. He has great insight and can help you navigate when and how to tackle that debt. Listen in and visit the blog for direct details on Travis' Student Loan Planner! http://www.nationaldentalplacements.com/tt-ep-6-student-loan-debt-bonus/

Student Loan Debt – three words that you know well and dread talking about. In this episode of Transition Talk we tackle our thoughts on student loan debt and how that relates to practice ownership. We believe you can do both and believe that owning a practice can get you to debt free faster! Check out our blog for resources: http://www.nationaldentalplacements.com/tt-ep-6-student-loan-debt-bonus/

In this Transition Talk - Unplugged, Charles discusses what makes pediatric practices and pediatric transitions unique and why owning a pediatric practice can be a smart plan if done correctly!

Debt – a dreaded word, but one we want you to embrace and understand so you can make the best decision about your future! In this Transition Talk we discuss practice lending – the terminology, the process, what banks are looking for and how to prepare yourself to be in the best financial position when you are ready to own.

Once you know you like and love the doctor and the location – how do you know if the practice lives up to your expectations both financially and operationally? In this Transition Talk, we offer guidance on when in the process asking for the financials make sense and how to respectfully ask and explain why you need to review the financial and operational information. We also provide a key list of documents to request on our blog!

Making a good first (and second) impression can be the key to getting the practice you want, especially when there is a pool of competing buyers. In this Transition Talk we provide tips on what to do and what not to do in the interview process.

Sometimes you know you want to be a practice owner but can’t quite figure out where you want to be geographically or how to find a practice in the area you want to settle down in. In this episode of Transition Talk we provide our proven tips on how to find available dental practices and how to plant the seeds for transition!