Transition Talk

While the idea of selling a portion or all of your practice can feel complex and intimidating, asking the right questions early and equipping yourself with the proper insight can help provide a clear path. Christy and Charles discuss the top questions on sellers’ minds as they begin the selling process and how they can acquire the answers.

While the idea of purchasing a dental practice may lead to trepidation and fear, asking the right questions and stocking yourself with the proper knowledge can help ease the emotions. Christy and Charles discuss the top questions on buyers’ minds as they begin the purchasing process and how they can track down the answers.

Which business structure yields the most advantages for both the buyer and seller? Which structure will set the dental partnership up for success? Although one type may be easier to set up, which one has the most long-term benefits? Cain Watters & Associates Financial Advisor David Forbess joins this episode to dive into the answers and discuss the pros and cons of the various business structures.

Three or more owners in a dental practice can lead to a prosperous business, but won’t be short of bumps along the road. This episode explores the advantages and disadvantages of a group practice, illustrating the skills required to cultivate a thriving partnership.

The same factors that make your dental practice unique can cause the valuation process to be more complex. Charles and Christy welcome Senior Valuation Analyst Dawn Whitehurst on the episode to provide her insight and walk through several real-life examples and situations.

When preparing to sell a dental practice, sellers need to make sure the proper pieces are in place before welcoming in a buyer. In this episode, Christy and Charles cover transition timing, financial plans, valuations and other items to consider before forming a plan of action.

Although it’s not the easiest path to ownership, we know there are times when a start-up just makes sense. Tune in to this episode for some start-up tips and resources to get better informed on if this is the right path for you. Christy and Charles discuss several considerations, such as determining your location, driving new patients and assembling your team of resource providers to help you along the way.

If you’re looking to purchase a dental practice, it’s clear you want to ensure that what you’re investing in is worth your money. While you may not want to overpay for a practice, this episode looks at the details and stories of three practices, illustrating situations where it may be worth a higher-than-expected price and those where it’s not.

What factors make for a “Don’t Mess This Up” opportunity versus a “Buyer Beware” opportunity? This episode speaks to the buyers out there, helping to identify the differences between the right and wrong practice opportunity. Tune in as we take a look at the financials, doctor work, real estate, location and other aspects to consider as you explore different opportunities.

The closing phase of a dental transition can be an exciting yet bumpy rollercoaster ride, filled with potential events that can throw you off course. From last-minute liens, letter of intent changes to landlord delays, this episode covers many potential events that can occur and offers insight to help you feel prepared for what might lie ahead.