TT Ep 147 - Look Before You Leap: The Realities of Practice Ownership
Even though there are many benefits to practice ownership, there are also trade-offs. In this episode, Christy and Charles break down the re...
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Transition Talk is a podcast about dental practice transitions. LIke we do for our clients, in this podcast, we will provide guidance, tips, and real-life scenarios (both good and bad) to en...
Even though there are many benefits to practice ownership, there are also trade-offs. In this episode, Christy and Charles break down the re...
In most divorce cases, one of the biggest challenges is determining how assets should be divided. When one or both spouses have ownership st...
More locations don’t automatically mean more profit or value. In this episode, Christy and Charles unpack the realities of expanding into a...
Although the foundation of the dental industry has remained consistent, there have been some meaningful changes in recent years that have sh...
You’ve made one of the most significant transactions in your career, and you’re now the proud owner of a dental practice. Now you have to fa...
Many buyers and sellers strive to close their practice sale by the end of the calendar year. Although this seems like a natural and satisfyi...
For dentists, and especially practice owners, it’s not easy to wear all of the hats, day in and day out. From the daily grind, managing empl...
A valuation is more than applying a dollar amount to a business; it’s about thorough diligence and understanding the variables that tell the...
While start-up dental practices offer a blank slate to design the practice you’ve always envisioned, not having the built-in patient base an...
What factors make for a “Don’t Mess This Up” opportunity versus a “Buyer Beware” opportunity? This episode speaks to the buyers out there, h...
Once you’ve sold your practice to a new owner, the reality of retirement can feel different than expected. With a lower income and a new rou...
What dental buyers valued in a practice a decade ago isn’t the same as what they prioritize today. Buyers are diving deeper into the due dil...
Purchasing a dental practice comes with unique challenges and variables at every stage of the process. Whether you’re doing your due diligen...
While the financial pieces often dominate the conversation in a DSO sale, there are many more factors involved in the process other than EBI...
Practice price is only one component to a sale, yet it’s typically the one that sellers think about most. If you’re selling or transitioning...
As a dental student or resident, you're likely juggling graduation requirements, career paths and personal relationships. And with student d...
While traditional financing is most often used to fund private practice acquisitions, seller financing can also be a tool to help pay for th...
As you begin your career as an associate, practice ownership may seem more like a dream, rather than a milestone within reach. In reality, t...
Stepping into associateship after dental school can feel like jumping off the deep end. This phase is about learning quickly and mastering n...
As you explore a potential practice to buy, how can you confirm that the opportunity is not only profitable, but also aligns with your perso...
When the focus is on important life and career decisions, the thought of securing life and disability insurance often takes a backseat. We g...
Once you’ve decided you’re ready to buy or sell a practice or take on the next career milestone, knowing where to turn first should be your...
Coming out of dental school, the type of practice you work for should be a choice made with your long-term goals in mind. With the attractiv...
“Rather than focus on building an income, focus on building yourself as an asset.” By leveraging a business mindset from the start and inves...
Building a successful practice isn’t about following a specific formula. Rather, you create your own destiny with the path you choose. This...
Bringing in an associate is one of the most significant opportunities for practice growth. With the right type of practice, plan and associa...
Unexpected challenges and unknowns can make the road to buying or selling a dental practice feel a little rocky. From practice valuations, l...
The sale structure of a dental partnership is an important detail that can impact the deal and life as partners. One structure may sound lik...
While many assume that all debt is bad debt, obtaining lending is often a necessary piece to practice ownership. Experienced dental lenders...
Running a successful practice is much more than the clinical work. To enhance your practice’s efficiency, it’s important to leverage dental-...
Working alongside doctors through major milestones brings an abundance of rewarding moments. From witnessing their teachings come to life to...
Many doctors begin their career by building experience as an associate. This stepping stone to practice ownership can help you gain insights...
Dental valuations are complex, and finding the right time to value a practice can be intricate in itself. There isn’t a universal timeframe,...
Ensuring compatibility and laying out expectations early is key to getting your partnership started off on the right foot. From mentally, cl...
Just like dating, dental partnerships not only require a collaborative and cohesive dynamic, but it’s important to understand all of the det...
Knowing the right questions to ask is a powerful tool, especially when it comes to asking your dental transition advisor for insight and adv...
With the Federal Trade Commission pushing to ban non-compete agreements, questions and confusion are escalating among practice owners and as...
When the documents are signed and you’ve officially closed on your practice purchase, you’re likely eager to now jump into the job head on....
Closing on a practice sale signifies the monumental moment for buyers of crossing the finish line and starting a new chapter of your career....
Whether you’ve done your research and you’re ready to kick off your next career chapter, or you’re feeling a little lost in the weeds, a coa...
Identifying opportunities for improvement can ultimately position your practice in an attractive spot for a buyer down the line. Cain Watter...
It’s natural to want to grow your dental practice by renovating or building a new office space. However, this can come at a cost, potentiall...
If you’re a new partner or buyer coming into a practice, making operational changes quickly can potentially shake things up and cause insecu...
Announcing a big practice change to your team, like the addition of a new partner or transitioning the business to new ownership, can be a s...
The dental transition landscape is seeing buyers become more diligent and selective with their decisions, causing practices considered “heal...
As you consider buying or selling a practice, the first few questions you may ask are, “When and how should I start the planning process?” a...
When does it make sense to bring on a transition advisor so that you can maximize the benefits of hiring one in the first place? Is it when...
When it comes to searching for that dream associateship or position, there’s a little more required than learning about the job responsibili...
The process of searching for your ideal associate or partner requires more than just a job posting. It requires you to set a clear understan...
When Christy and Charles decided to start Transition Talk in 2018, they didn’t know what a valuable resource it would become and the impact...