Have you planned an exit strategy for your dental practice? It’s commonplace to draft a business plan, but the roadmap for selling and exiting and doing so for max profits is often overlooked.
Also, most dentists give themselves too little time and typically overestimate its worth due to emotional attachment. So what do dentists need to know to have an efficient and profitable exit?
Brian Michaud from the Encompass Group LLC joins me this week on the Raving Patients Podcast.
We discuss the optimal timeline that allows you to make all the necessary adjustments and transition plans for your dental practice sale. Brian also explains the difference between emotional and financial valuations and how to set your expectations realistically.
Additionally, we touch on the four main exit strategies, succession planning, and tax strategies that can enhance the perceived value of your practice.
If you’re looking to sell, this is an episode you can’t miss!
Listen to the full episode here! https://link.chtbl.com/ravingpatients
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