Are you a dentist who is looking to sell your practice? If so don’t even think about it until you take these steps into consideration.
Think About The Big Picture
You’ve worked hard to build your practice and it’s important to find the right person to take over or buy your practice from you.
The transition can be smooth if you work with the other person and communicate your needs and desires clearly.
Is it important for you to find someone who has the same values as you do or you more interested in just selling your practice and moving on quickly?
The person who comes in and takes your practice can set a standard and a tone for the community, align yourself with a vision of the right type of person that you want to buy your practice.
Think About Timing
Perhaps you been considering selling your practice for a while but it’s important to be realistic and think about how much time you do want to contribute to transitioning out.
Are you looking to sell your practice in the next couple months, maybe six months or even a year or longer? These are important things to think about before you approach a dental sale broker.
Keep communication open
When preparing to sell your practice keep an open mind and open communication with everyone. With all of your employees, patients, and even your family members be as transparent as possible. The more open you are with them the more trust and the more loyal they will be to you.
Some employees may only work at your office because of you and they value and appreciate you. And if you tell them you are leaving they may want to consider leaving as well. This is why keeping communication open is important.
Celebrate selling your practice. It doesn’t have to be daunting, frustrating or even overwhelming to sell your dental practice. You can have a good time and when the actual transaction has gone through and the practice is sold, make sure to celebrate. Bring your friends and family invite the community out. You worked hard for your retirement. It is important to take time out to really appreciate yourself for all the hard work that you have done.
Selling your dental practice and transitioning into the next phase of your life can be rewarding, exciting and fun. Align yourself with your goals and professional dental practice brokers to help ease the transition.
For more dental practice advice contact Greensail Transitions, a dental practice for sale oregon company. Shannon Kaiser is a blog writer for Greensail Transitions.