There comes a time in every practitioner's life when he or she must transfer the practice to an associate, an heir or a buyer, and recoup the value locked within the practice he or she has worked so hard to build. Dr. Griggs provides an overview of how planning for this process, known as "transitioning" the step-by-step fashion, he explains how to build associateships, partnerships, mergers, buy-ins, and how to best understand key considerations involved in the purchase or sale of any practice. Readers learn to: maximize and enhance practice value as they continue their career, enhance practice profitability through practice mergers, locate the best associate, merger and purchase candidates.
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1 of 1 people found the following review helpful:
5.0 out of 5 stars
Dental retirement required reading,
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This review is from: Successful Practice Transitions (Hardcover)
This covers everything that the retiring or semi-retiring Dentist should be aware of... and the information and advise would be equally useful for other retiring professionals eg. Chiropractors, etc. This has important concepts that I would have never thought of otherwise.
4.0 out of 5 stars
Very Helpful,
By Luini (Buffalo, NY) - See all my reviews
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This review is from: Successful Practice Transitions (Hardcover)
If you are thinking about adding an associate to your practice or how to prepare yourself for retirement, this is a great book full of tons of useful information. Being written by a practice transition consultant who happens to be a dentist is a big plus. This book will not negate the need for professional advice regarding your own situation but it is a very helpful introduction to the whole process. The book brings up many issues that I had never considered regarding the addition of an associate to my practice. Now I know what questions to ask my own practice transition consultant. I guess my only disappointment with the book was that it dealt mainly with solo-practices adding an associate, whereas I am an equal partner in a two- dentist practice.The buy-in and retirement phaseout will be more complicated with two 50-something dentists adding a young partner but I guess that's where my consultant will earn his money! Overall, this book is an excellent purchase.
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Inside This Book
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First Sentence:
Until recently and throughout most of dentistry's history, the life cycle of a dental practice has remained relatively unchanged. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
selling dentist, practice appraised, selling your practice, new lending institutions, comprehensive transition plan, perceived transferability, professional practice valuation, target retirement date, providing dental services, retiring dentist, buyer candidates, retirement sale, transition consultant, transition specialist, practice mergers, gross collections, associate dentist, many dentists, established dentist, practice transitions, associate compensation, practice from scratch, patient base, practice life cycle, few dentists Key Phrases - Capitalized Phrases (CAPs): (learn more)
Determining the Value of Your Practice, Successful Sales Strategies, Structuring Your Agreements, Matsco Companies, The Practice Transition Life Cycle, Value At End of Year, Assets Included, Cashing-In The Equity, Yellow Page, Distribution Based, Early-Career Considerations, Junior Production Ratios, Mid-Career Considerations New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Until recently and throughout most of dentistry's history, the life cycle of a dental practice has remained relatively unchanged. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
selling dentist, practice appraised, selling your practice, new lending institutions, comprehensive transition plan, perceived transferability, professional practice valuation, target retirement date, providing dental services, retiring dentist, buyer candidates, retirement sale, transition consultant, transition specialist, practice mergers, gross collections, associate dentist, many dentists, established dentist, practice transitions, associate compensation, practice from scratch, patient base, practice life cycle, few dentists Key Phrases - Capitalized Phrases (CAPs): (learn more)
Determining the Value of Your Practice, Successful Sales Strategies, Structuring Your Agreements, Matsco Companies, The Practice Transition Life Cycle, Value At End of Year, Assets Included, Cashing-In The Equity, Yellow Page, Distribution Based, Early-Career Considerations, Junior Production Ratios, Mid-Career Considerations New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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