Practice Value

Retirement StrategyAssociate to Owner & When To Set The Purchase Price

November 17, 2015Posted under: Buying A Practice, Dentistry, Practice Transitions, Practice Value, Selling A Practice, Startup Practices, Uncategorized,
Viewed 595 Times

So you’re considering retirement and feel your best option is to hire an associate then sell your practice to that associate when you’re ready to call it quits. Let me ask you this… Do you want to watch your perfect working relationship go from good to bad real quick? I’m guessing your answer is NO! One of the biggest mistakes made with this transition method is when an owner dentist hires an … Read more

Your Practices Value & Retirement Income

August 7, 2015Posted under: Practice Value, Retirement, Uncategorized,
Viewed 641 Times

Your Practices Value & Retirement Income

As a private practice dentist, you have built a small business with a relatively reliable income stream, goodwill, and assets. Its value will provide you with a monetary gain in the year you decide to retire. Have you ever thought about how much your practice will be worth? Better yet, do you understand how it will impact your income in retirement?