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When you consider selling your practice, direct approaches from fellow dentists and corporates can be very appealing.
A practice valuation is a document that provides information to the numerous stakeholders involved in a practice sale.
It’s no understatement to suggest that the last 18 months have had a significant impact on industries and individuals alike. With the unexpected advent of Covid-19, uncertainty was the byword for much of 2020, and even now as we head into the latter half of 2021, nothing is set in stone.
When it comes to retiring or moving into new avenues, principal dentists are met with a number of choices. It can be hard to let go of a business that you have spent years investing time, energy and care into making success. However, outright selling isn’t the only option.
‘Begin with the end in mind’ is a mantra used in dental circles, primarily relating to the clinical outcome of a case. It is what a more experienced clinician (mentor) may say to their less experienced colleague (mentee)
Certain aspects of a practice are more valuable than others as they have a disproportionately large effect on the profitability of the practice. Accountants would call this ‘low hanging fruit’ as it is easily identified, if you know what you are looking for.
The year so far has shown plenty of positive trends in the dental market. Lorraine Hunt, Practice Transitions Supervisor, reveals why the future looks so promising for both buyers and sellers of dental practices.
MediCruit, a Henry Schein affiliate, providing recruitment solutions to the dental sector, announced today a new collaboration with the Dental Nurse Network Academy, an organisation offering flexible, affordable, accredited training