Getting More For Your Practice If you are looking to sell your practice at any time during the next 5 years, there are some things you should do to ensure it is in an optimal position to sell in a more expedited timeline and for a premium. All of the following advice will help increase your practice valuation, make it more appealing to a buyer, and make it easier to finance for a bank. Consequently, it will also make it more enjoyable and profitable for you for the remainder of your tenure as the practice owner. The first thing you ...

What is a practice transition? What is a transition consultant? These are questions I frequently get from people outside of the dental and veterinary communities. However, even those in the industry wonder what it is that I do and why anyone would want to hire me. The simplest explanation of a practice transition is the movement of ownership of a practice through a practice sale, merger, or partnership. This transition can be immediate, deferred, or incremental. Transitions can take many forms and be done many ways. The most common is a version of what’s called a “walk-away” sale in which ...