Archive for the ‘Selling’ Category

Preparing for a Transition

Thursday, October 27th, 2011

A recent article from Forbes Magazine/Forbes.com[1] reviewed the ten highest paying jobs.  Not surprisingly, topping the list was surgeons (averaging $225,390 per year).  Of the top ten, seven spots went to medical professionals and two to dentistry, specifically Oral-Maxillofacial Surgeons (#3 at $214,120) and Orthodontists (#5 at $200,290). The article mentioned the specialized nature of the… read more »

Top 10 Questions Dentists Ask When Buying or Selling a Practice

Monday, September 12th, 2011

1. What’s the value of a dental practice? The value of a properly appraised practice is a function of two factors: Risk and Net Income.  The greater the risk to success in a practice, the lower the interest from buyers.  Higher risk translates to lower practice value.  Valuing a practice involves the review of three… read more »

Sell your practice now and stay on after the sale

Monday, July 25th, 2011

What if you could sell your practice and office space at the FAIR MARKET VALUE and stay on after the sale, continuing to enjoy dentistry and earning a fair compensation for two to 10 years or more, depending on your age and exit timetable? Although an outright sale when the selling dentist exits the practice… read more »

Death, disability, directives, and your dental practice

Tuesday, June 21st, 2011

HANG ON because this article is not going to be pleasant. We’re going to talk about things that are uncomfortable and easy to ignore. Nevertheless, it’s important to have this discussion, and it’s even more important to take some action. Most of us would like to believe that we are on a smooth, gentle path to the end of our… read more »

A new way to plan for retirement

Tuesday, April 19th, 2011

You have a WELL-DEVELOPED PRACTICE and you’re contemplating retirement. But retirement laws have held back minimum funding of a pension plan that would have allowed you to live as you wanted. However, now you can obtain both immediate cash and ongoing, noncash benefits by combining a newly defined benefit pension with an early sale of… read more »