Selling your dental practice The biggest mistake all dentists make when selling your dental practice is they let their foot off the gas.
The biggest mistake all dentists make when selling your dental practice is they take their foot off the gas. Dental brokers recommend NOT TAKING ANY VACATIONS THE LAST TWO YEARS BEFORE THE SALE!!!!! IF NOT YOU CAN LOSE 50-100 THOUSAND DOLLARS.
Here are the steps to follow first assemble a team
a. Accountant
b.. Attorney
c. Dental broker
d. Dental coach
e. equipment evaluation (inspection or appraisal
When selling your dental practice have someone you trust walk through the practice and give you an honest opinion
Organize Financial Records: Ensure that all financial records, including tax returns, profit and loss statements, and accounting records, are in order and easily accessible for potential buyers.
Maximize Profitability: Make efforts to boost the practice's profitability by improving operational efficiency, reducing unnecessary expenses, and increasing revenue streams. If you have a few years before you sell consult with a dental coach to increase the bottom line.
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