I have said it before, and I will say it again: now is a fantastic time to buy a practice! Today’s low interest rates, motivated buyers, and comprehensive support network can help you launch the next phase of your career.
The last year was unsettling for many people, even in a relatively stable profession like dentistry. If you weren’t furloughed, you probably know people who were.
The pandemic gave a lot of us time to think about the big picture and recalibrate our goals.
That’s part of the reason I’m seeing so many would-be owners joining ADA Practice Transitions. Some are 10 to 15 years post graduation and say that they have always wanted to own a practice, but for whatever reason, it kept getting pushed to the back burner. The pandemic gave them a new perspective, and they realized they are frustrated by the “lack of control” they have as associates. Now they're ready to take charge of their futures.
Topics: purchase a practice
Have you always dreamed of owning your own practice? Are you ready to take charge of your future now?
Many dentists do. In fact, ASDA data reports that 86% of all dental students aspire to some type of ownership within 10 years after graduation.
If you are looking for a solid pathway to ownership sooner rather than later, and you are confident that you can handle running a practice now but are unable to obtain financing – don’t despair! We have created a pathway that may just be perfect for you.
Topics: purchase a practice
If you are approaching a practice purchase, you have a lot on your plate! Financing, real estate, maybe licensure if you’re considering relocating.
So what happens when you find a practice? Before you get in the weeds of legal and financial review, make sure this is the right practice for you. After all, you want to buy the practice where you can achieve the perfect blend of career satisfaction, financial stability, AND success.
As dentists begin their practice transitions, nearly all have the same question on their minds: how long do you think this is going to take?
Have you found the practice of your dreams? Could it be the practice of your partner’s dreams too?
If it is in a new town or state, what would it take for you and your family to make the move?
Discover what memorable experiences await you in the beautiful corner of the world known as southwest Michigan.
And look no further for a great professional opportunity in this general dentistry practice for sale.
Last week's ADA Practice Transitions Coffee Talk webinar featured advice on preparing your finances for a practice purchase.
Rob Westhoven, VP and Director of Dental Banking for Androscoggin Bank, explained how banks approach practice sales, including several possible options. He also answered several great questions from attendees about how COVID-19 may change the equation.
Now is a great time to have some important conversations with your family about how your career affects your collective future. Most of you have never been allowed this kind of focused time to evaluate your true priorities as a family.
ADA Practice Transitions will find you the right practice or dentist to help you take the next step in your dental career.