What Dentists Need to Know Before Selling to a DSO
By Rod Johnston, MBA, CMA Selling your practice is a major decision you face. You must decide when is the right time to sell? At what price will you sell? To whom do you want to sell your practice? And how will you transition out? These last couple of years haven’t helped any with Covid not going away anytime soon, the economy during a recession, and potential tax increases at the state...Read MoreWhat Do You Think Your Practice is Worth?
Megan Urban, Practice Transition Advisor at Omni Practice Group, explains why it is a good idea to get an understanding of what your practice is worth 2-3 years before you plan to sell. https://youtu.be/93r-dD-eH_cVideo can’t be loaded because JavaScript is disabled: What Do You Think Your Practice Is Worth? (https://youtu.be/93r-dD-eH_c) Read Moreby omniadminDecember 23, 2021 Practice Management, Practice Transtions, Seller Articles, Selling a Practice0 comments
It’s All in the Numbers
By Rod Johnston, MBA, CMA As you close out this past year and reflect on the first full year without any shutdowns as 2020 brought us, it makes sense to step back and take a look at your numbers. This is the case whether you are in your first year of practice ownership, have owned your practice for ten years, or you are getting closer and closer to retirement. You should always be managing...Read MoreWhy Practices Don’t Sell
By Megan Urban, Practice Transition Consultant Your practice has successfully worked for you for many years so why isn’t it selling? It could be the transition consultant (broker) you are using, or it could be your practice. Working with an experienced transition consultant is important. We know where and how to advertise. It doesn’t work to simply advertise on a website. You will want...Read More4 Interesting Things to Implement So Your Dental Office Runs Smoothly
By Dr. Mehmood Asghar When you walk into your dental office and see your staff members bustling around you, you might assume they are working productively. But your staff and employees are constantly trying their best to catch up with their daily tasks; they are just busy – not productive. A successful dental practice is one where routine tasks are streamlined, and all processes run...Read MoreAdvice for Dentists Who Are Thinking About Selling Their Dental Practice
For Dentists who are considering a practice sale – Here is some advice from an experienced Practice Transition Advisor – Megan Urban, Omni Practice Group. https://youtu.be/rRZE2qn9BUgVideo can’t be loaded because JavaScript is disabled: Advice for Dentists who are thinking about selling their dental practice (https://youtu.be/rRZE2qn9BUg) Read MoreGetting Your Practice Ready to Sell
By Cindy Pauley, DDS & Practice Transition Advisor, OMNI Practice Group You are ready! You woke up one morning early last week and said to yourself, “It’s Time!” You have loved being a practicing dentist. But for a multitude of possible reasons, you are ready to sell. So, what’s next? You look around and think is my practice ready to sell? All of a sudden you see the chipped paint...Read Moreby omniadminOctober 3, 2021 Practice Sales, Seller Articles, Seller FAQ, Selling a Practice0 comments
Dental Seller Preparation Checklist
The best time to start preparing for your practice transition is three to five years from the date you plan on selling your practice. Since you may not really know that date, the best time to prepare is NOW! Here is a checklist of things you should do as you get closer to deciding to sell your practice: ___ Meet with your Financial Advisor – Discuss with your financial advisor that you are...Read MoreSeller Carrybacks and Dental Practice Transitions Today
By Jen Bennett, Practice Transition Advisor You’ve heard the term “Seller Carryback,” but what does it mean? Seller carryback financing is when the seller of a given property, or in this case, a seller of a dental practice and assets, acts as a lender for the buyer if a conventional bank will not offer the full amount that the buyer needs to close the sale. Years ago, it was commonplace for a...Read Moreby omniadminJuly 12, 2021 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments