Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Part III – One to Three Years Before Planned Sale With only one to three years before a planned sale we are coming down to the wire. There is limited time to maneuver. You have definitely come to the point when […]
How Do I Prepare My Practice For Sale? Part 3 Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Part II Four to Seven Years Before Planned Sale You have passed the point of doing major renovations or moving. You will be selling your practice where it is currently located. Let’s make the best of it; renovate where necessary, to
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Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Time marches on, circumstances change and nothing is forever. Sooner or later you are faced with the inevitable question, How Do I Prepare My Practice For Sale? To help construct a game plan that best fits your needs the “preparation plans”
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Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! When you graduate from dental school there is much more to think about than “where can I get an associateship”. It is important to remember that dentistry is also a business and good business practices are very important. Consider the following:
Advice to My Son or Daughter Graduating from Dental School Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! When contemplating the sale of a practice, the major area of uncertainty concerns transition. It means many different things to most vendors. The vendor’s reasoning can range from wondering “How long a period could I stay on?” to “I do not
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Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! I have been trying to understand the different digital X-rays that are available today. Which one is best? I have compiled some notes for consideration. Both the scanned photo phosphorous plate method (Scan X type) and the direct digital sensor systems
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Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! As I have stated before, I am not a big fan of partnerships but maybe that’s because I’m prejudiced by my experience with poor partnership agreements. Only recently I’ve had to deal with a couple of partnerships in trouble – mostly
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Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! I recently attended a Strategic Planning meeting that a dentist organized for himself. He invited his wife, his accountant, his investment/retirement consultant, his insurance specialist and myself as a valuation/sales broker. The accountant brought to the table the dentist’s current financial
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Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! If you had your practice valuation prepared a couple of years ago you should see a marked increase in today’s Goodwill value. Continuing on from my article in Volume 25 of Professional Advisory, vendors should receive a higher value for their
Calling All Vendors – Practices have Gone Up in Value Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Reality today is that purchasers are incorporating when buying a practice. The tax rates for the first $300,000 (and by the new Federal budget $400,000 in 2007) net income after payments to the all doctors for their remuneration, is only about
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