The Simple Guide to Selling Your Dental Practice for More Money


Book Description

Do you want to sell your dental practice for more money than you ever thought possible? If you thought, "yes, of course," then The Simple Guide to Selling Your Practice for More Money is for you. Your dental practice transition can unlock the potential of one of your greatest assets, and can mean the difference between an okay retirement, and one that is everything you ever dreamed of. The Simple Guide is packed full of practical advice, money-making tips to boost revenue, and enough horror stories to make you sit up and pay attention. With tips for every stage of your career, this guide is an invaluable resource-because the most successful transition starts long before you put a price on your practice. In this book, you'll learn: How to maximize selling price by maximizing revenue How to choose the right transition model How to negotiate the best sale price and most favorable terms and more... It's never too late to use the advice in this guide to plan the sale of your dental practice, and it's never too early, either. You've worked hard for the practice you've built, now's the time to make sure it works for you. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.




Valuing, Selling, and Closing the Medical Practice


Book Description

"This resource provides in-depth information on the fundamentals of strategic practice management and future planning for the medical practice in the areas of selling, closing, and valuation"--




Current Strategies


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Time to Sell? Guide to Selling a Physician Practice


Book Description

How to thrive by selling or not selling to a hospital. As reimbursements fall and costs and complexities soar, what physician hasn t considered getting out of the business? Now, veteran practice consultant Randy Bauman helps physicians and practice managers examine their own selling scenario from how much the practice is worth to the operational, deal-making and legal issues that would shape the sale. From this reality check, Bauman then walks readers through options for not selling, including ways to make the existing practice more profitable, efficient and satisfying. NOTEWORTHY FEATURES: Real-world business perspective, direct talk and honest, down-to-earth material physicians can use immediately. Practical coaching. Bauman simplifies complex concepts like discounted cash flow and uses his years of practice management expertise to coach physicians through everything from setting a price to legal formalities. Action tools at the end of each chapter include takeaway points, worksheets and checklists save time and eliminate guesswork in working through each step of the process.




The White Coat Investor's Financial Boot Camp


Book Description

Doctors and other high income professionals receive little training in personal finance, investing, or business. This book teaches them what they did not learn in school or residency. It includes information on insurance, personal finance, budgeting, buying housing, mortgages, student loan management, retirement accounts, taxes, investing, correcting errors, paying for college, estate planning and asset protection.




The Lawyer's Guide to Buying, Selling, Merging, and Closing a Law Practice


Book Description

This book is a valuable resource for information on things to consider before and during the process of buying, selling, closing, and merging a law practice. The guide provides advice and tips on: the advantages of buying and selling a law practice; the ethical aspects of acquiring a law practice; valuation of a law firm; tax consequences of retiring a partner's interest in a law firm taxed as a partnership; merging law firms; selling a niche practice; business responsibilities in closing a law practice; the ethical aspects of winding down a law practice; file preservation; and ending client and employee relationships. The guide includes handy checklists, forms, and sample letters as well as several Rules from the ABA's Model Rules of Professional Conduct.




Your Dental Practice Sale--planning Ahead (1-15 Years)


Book Description

Successful practice sales are far more unlikely if the sale strategy and planning is left for the year (or two) immediately preceding the desired sale date. Multiple approaches to practice sales are possible. Some of the most effective approaches must be planned, and initiated, 3 - 5 years in advance. Each optional approach is different. The available options are not equal in terms of their likelihood to meet a specific location, not all approaches will work, and some may be far more effective than others. Dr. Stollings explores the optional approaches, explains each, and guides the reader in selecting the approach that best matches his / her specific practice, location, circumstances, and objectives.




Selling Your Dental Practice


Book Description

The focus of this mini-book is to help dentists prepare their greatest asset - their practice - for sale. This is the third in a series of books written for dentists at every stage of their careers. In the first book of this series, I discussed how a recent graduate starts their practice, gets their first job, and navigates the ups and downs of that initial transition. The second book showed dentists how to grow their practices based on the SPECIAL formula. In this final installment, I'm going to focus on the practitioner who, in most cases, is in their late 50s or early 60s, and is considering selling their dental practice. Let's start with an analogy we can all easily understand. You would never begin a clinical case without first having a comprehensive knowledge of a patient's past medical and dental history, as well as their chief complaint and all the radiographs, diagnostic photos, 4 diagnostic impressions, periodontal charting, a risk assessment, financial arrangements, etc.




A Step-By-Step on Doubling the Value of Your Practice Without Seeing More Patients


Book Description

A Step-by-Step on Doubling the Value of Your Practice Without Seeing More Patients – A Guide to Modern Practice Management- has everything you need to know to navigate your physician and dental career through today’s unparalleled business environment. Even after the pandemic, even after the harsh financial conditions some private practitioners have gone through lately, I can assure you, this is the most exciting and profitable time to be in private practice. You’ll learn how to increase profitability in your practice, enhance revenues, cut costs, optimize operations, all out of your current book of business. You’ll also learn how to value and groom your practice for sale and how to turn the tables on DSO’s and Private Equity Groups allowing you to keep most of the final, realized value of your practice. This is the culmination of 20 years of the CFO Group’s experience working with private practitioners.




Time to Sell?


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