Seattle MidWinter Practice Transitions Seminar
Friday, February 2, 2018
The Bellevue Club, Bellevue, WAProgram Description:
In this course, you will learn about the legal, financial, logistical, and emotional aspects of transitioning out of your full-time dental practice. Our team of experts will lecture and conduct Q&A sessions on:
- Sequence of a Dental Practice Transition for Both Buyers and Sellers
- How to Maximize the Value of Your Practice
- The Importance of the Allocation of Assests in the Practice Sale for Both Buyers and Sellers
- Advanced Tax & Financial Planning Strategies Before, During, and After Transition for Both Buyers and Sellers
- Legal Issues in Practice Transition for Both Buyers and Sellers
- Helping your Buyer Get Bank Financing
- Real Estate Issues in a Practice Transition
For only $295, you and your spouse will attend a seminar on Friday including: continental breakfast, lunch and other relevant materials that may be provided.
Schedule:
7:30am Check-In with Hosted Breakfast
8:00am Sequence of Dental Practice Transition
Buck Reasor, DMD – Practice Transition Broker
8:50am Legal Issues in Practice Transitions
Doug Alexander, Attorney
9:40am Advanced Tax & Financial Planning Strategies
Doug Fettig CPA, MBA
10:30am Trends in Dentistry: The good, the bad and the ugly
Rod Johnston, MBA, CMA – Practice Transition Broker
11:30am Helping Your Buyer Get Bank Financing
Andrew McKechnie, SVP/Regoinal Manger, Columbia Bank
12:00am Online Marketing and Communication Strategies to Grow Your Practice
Stewart Bartlett, Senior Marketing Consultant, WEO Media
12:30pm Lunch
1:30pm to 5:00pm Roundtable Group Symposium
In case of cancellation by registrant, refunds will be made if received no later than three weeks prior to program date
For overnight accommodations, please call Hotel Bellevue at 425-454-4424.
The Hotel Bellevue and the Bellevue Club are located at 11200 Southeast Sixth Street, Bellevue, WA 98004.
Portland MidWinter Transitions Seminar
Multnomah Athletic Club, Portland, ORProgram Description:In this course, you will learn about the legal, financial, logistical, and emotional aspects of transitioning out of your full-time dental practice. Our team of experts will lecture and conduct Q&A sessions on:
- Sequence of a Dental Practice Transition for Both Buyers and Sellers
- How to Maximize the Value of Your Practice
- The Importance of the Allocation of Assests in the Practice Sale for Both Buyers and Sellers
- Advanced Tax & Financial Planning Strategies Before, During, and After Transition for Both Buyers and Sellers
- Legal Issues in Practice Transition for Both Buyers and Sellers
- Helping your Buyer Get Bank Financing
- Real Estate Issues in a Practice Transition
Schedule:
7:30am Check-In with Hosted Breakfast
8:00am Sequence of Dental Practice Transition
Buck Reasor, DMD – Practice Transition Broker
8:50am Legal Issues in Practice Transitions
Doug Alexander, Attorney
9:40am Advanced Tax & Financial Planning Strategies
Doug Fettig CPA, MBA
10:30am Trends in Dentistry: The good, the bad and the ugly
Rod Johnston, MBA, CMA – Practice Transition Broker
11:30am Helping Your Buyer Get Bank Financing
Chris Kane, Commercial Banking Manager
12:00am Online Marketing and Communication Strategies to Grow Your Practice
Ian McNickle, MBA Partner and Co-founder, WEO Media
12:30pmLunch
1:30pm to 5:00pm Roundtable Group Symposium
Cost to Attend:For only $295, you and your spouse will attend a seminar on Friday
including: continental breakfast, lunch and other relevant materials
that may be provided.
In case of cancellation by registrant, refunds will be made if received no later than three weeks prior to program date
2017 – It’s a Wrap
As I look back at 2017, I go through the names of the doctors whose practices I sold and understand a bit more about them. I look at the doctors’ names of the practices and, amongst other things, I think about why they sold their practices. I see names of doctors who sold their practice because they are ready to retire – this is the typical reason for selling. But I also see the names of doctors who sold their practice because they were diagnosed with cancer and could no longer practice. I sold four such doctors’ practices this past year. I also see the names of two doctors, both under the age of 42 who were planning to practice dentistry into retirement, whose practices I sold because they got nerve damage in their hands and wrists. There are also several doctors who sold because they were tired of managing a practice – dealing with insurance companies, staff management and managing their landlords.
Not long ago, I had a conversation with two doctors in their late fifties who both had recent health scares and had family members and friends who passed away from cancer at early ages. This hit home as my Dad passed away in July of 2017 from non-Hodgkin’s lymphoma and my brother was just diagnosed with pancreatic cancer. And as these doctors ask me questions about selling their practices, I remind them that just because you sell does not mean you’re done with dentistry. You can still work as an associate dentist in another practice, teach at the dental school, or volunteer at a clinic. I let them know that I’ve never had a dentist tell me that they sold too early. In fact, many have come back and said I wish I would have sold several years ago because they are loving their freedom of being able to come and go as they please, fill in for vacationing friends, or work in a clinic when they get the itch to do dentistry.
As you celebrate your holidays, try not to think too much about work. Also, as you set your goals for 2018 and do an assessment of your career and life, don’t forget to think about what’s important to you. For some, it may be that dentistry takes priority over everything and it’s your passion. For others, maybe it’s time to turn to the next chapter and enjoy what you have – family, friends, time, giving back, etc. Whatever direction you go, know that we are here for you and happy to provide a free consultation anytime you would like. We’ll even buy the coffee!
OMNI would like to wish you and your family Merry Christmas, Happy Hanukkah, Kwanza yen iwe ha heri, Happy Rohatsu, and CHEERS to the New Year and best wishes for everything you desire in 2018!