Broker
Resource Library: Transitions
Make smooth ownership transitions that keep your team and patients confident.
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Ways to Prepare Your Staff for Your Transition
If you’re selling your dental practice and you’ve put a lot of effort into building your dream team, it’s important to put your staff at ease before and during the transitional period. Don’t wait to let them know that you’re selling your practice and that a few changes may occur within the office once the… -
Ready to Sell? A Dental Practice Transition Checklist
You’re winding down and spending more days focused on family and leisure than the day-to-day functions of your dental practice. It’s a common occurrence for many doctors as they near retirement. However, make sure you’re not retiring before you actually sell your dental practice. The challenge when you start to “act retired” before retirement is… -
Dental Practice Transitions: Is it Time for Partnership?
Many different factors may bring you to this question about bringing on another partner or partners to your dental practice. It’s important to evaluate the state of the dental practice in order to come to a solid conclusion. Ultimately, partnership can be advantageous for both doctors, and it’s important to have a clear outline for the… -
How to Negotiate Dental Practice Transitions Like a Pro
For a NAPB dental practice transition broker, negotiation is part of the job. From partnership buy-in agreements to space sharing agreements and everything in between, our days are spent dealing with contracts and covenants. Most of the time, negotiations go smoothly, but if one derails, it can cause a tremendous amount of stress, frustration and… -
Dental Practice Transitions: A Buyer’s Mindset, Part 2
As discussed in Dental Practice Transitions: A Buyer’s Mindset, Part 1, a solid first step is a free consultation with a dental practice broker. The most important part of buying a dental practice is self-knowledge. What exactly are you looking for when you make the purchase? An NAPB dental transition broker can help you not… -
Dental Practice Transitions: A Buyer’s Mindset, Part 1
Many doctors may have unrealistic expectations about their career path. I have talked to a number of dentists who thought that they would graduate from school, start a practice, and then pretty quickly and seamlessly reap the personal and professional benefits. However, sometimes the path from graduation to retirement is not a linear one. Receiving… -
Creative Dental Practice Transitions: Invest your Dental Practice into your Retirement Fund
As the dental practice landscape changes, there is no guarantee of cashing out a practice when you are ready for retirement. More alarmingly, at that point, there may not be enough capital to retire and that can affect both timing and day-to-day life in a negative way. With an unpredictable marketplace (as the result of… -
Transparency & Regular Updates: Critical for your Dental Practice Transition
It may sound obvious, but establishing and maintaining a healthy rapport with a prospective buyer is a great way to keep tensions low when selling your dental practice. An NAPB dental practice broker is your greatest collaborator because they can advise you about best practices throughout the process. Most dental practice brokers will facilitate a… -
Going Solo or Becoming Part of a Practice: Considerations for a Dental Practice Transition
When thinking about retirement, a primary concern for the seller dentist is about when and how to sell their dental practice while ensuring that they reap the most return from the sale. The potential buyer dentist (usually another doctor who is a bit earlier on the trajectory of their career) is facing the sometimes overwhelming decision of how to… -
How An Accurate Appraisal Can Impact Your Dental Practice Transition
There are many factors to consider when valuing a dental practice. It is imperative that you have an accurate appraisal whether you are buying or selling a dental practice. In order to make your dental practice transition a hassle-free one, it is a good idea to understand the importance of a dental practice valuation. There…