"Time" To Sell
With the start of 2022 already in the rear-view mirror, many practice owners are giving consideration to selling this year. I have already fielded a number of calls from dentists this January who are certainly thinking about selling in the next 12 months, but aren’t sure yet. During almost all these calls I get the question – “How long does it take to sell a practice and when should I start?” I thought the beginning of the year would be a great time to try and break that question down.
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Why Should You Use a Professional Broker?
by Irv Handler
One of the toughest decisions many Optometrists face is when and how to ease their way out of their medical careers. After spending a lifetime building their business, caring for their patients and mentoring their staff, an Optometrist faces new challenges as they plan to transition to the next stage of their lives. What will they do to fill their time? Do they have enough income and savings to maintain their lifestyle? What will happen to their patients and staff after they retire?
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Pandemic and Practice Values
by Mariana Bracic and
Jon Walton
When it comes to practice values, we are hearing from many doctors that they are confused and worried. Our advice to you during these times is to keep calm, and use this time to your advantage to prepare.
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How Will You Be Remembered?
by Mariana Bracic and
Jon Walton
We are consistently instructed throughout our lives that we need to plan ahead. We plan our days, we plan our educational path, we plan our careers, vacations, we even plan what happens to our estate after we pass through a will. But what of our practice, possibly our largest and potentially most valuable asset?
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Did You Give in to the Temptation to Treat Your Associate as an “Independent Contractor”?
by Mariana Bracic and
Jon Walton
Whether you treat your associate as an employee or an independent contractor will not only affect you during your practice ownership but also when you prepare to sell your practice. There is a temptation to treat associates as independent contractors, which is understandable. But it should not be done hastily
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Why Your Practice May Not Sell
by Mariana Bracic and
Jon Walton
As a practice owner, you put your blood, sweat and tears into your practice and into providing the lifestyle you desire for your family. So, what happens when you make the decision to exit from ownership and sell your practice?
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Five Ways to Maximize the Value of Your Professional Practice
by Irv Handler
Most professionals hope to supplement their retirement savings by selling their practices at the end of their careers. The good news is that there is a flourishing market for established professional practices and the right practice can command an excellent price. So how can you make sure that yours is the ‘right’ practice?
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How to Keep a Bigger Piece of Your Pie
by Mariana Bracic and
Jon Walton
Imagine you just bought a practice and paid. Now imagine that six months later, something about the practice requires you to spend an additional 20 per cent of your purchase price which you had not anticipated. Is this a disaster? Is it common? Is there something you can do about it?
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Preparing For Practice Transition
by Tom Schramm
Have you begun planning for your retirement or early exit from practice ownership?
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