Years ago, when you decided to go to dental school, all you
thought about was how to make your dental practice a success. During that time, there were many people in
your life giving you advice on how to make that happen, whether they were
professionals or just your family and friends.
Fast forward to today… what do you think about now? Are you thinking
about how to go about transitioning out of your dental practice?
The decision to transition out of your practice is not one
to take lightly. Nor is it one that is made easily. When you do make the
decision, the process does not happen overnight. It should be something that is planned out
and executed with great thought and detail.
The same as when you started your practice, it is important
for the process to be organized and the use of “experts” will help you along
the way. Just as you are an “expert” in your field of dentistry, you should
feel comfortable using experts in other fields to make this a successful
mission.
Some of the experts you should be consulting are your
accountants, your financial advisors, and any legal advisors that you
have. These are the people that can make
this transition process a smooth and successful on.
Don’t wait until the year you want to retire; plan ahead for
next phase in your life and it will be as enjoyable and exciting as the
previous one.
Ellen Dorner is the Director of Practice Transitions for NL Transitions, a firm that focuses solely on helping dentists sell their practices. She can be reached via email at EDorner@NLTranistions.com or (800) 772-1065
No comments:
Post a Comment