Just because you’re ready to sell your dental practice, it doesn’t mean that you’re ready to retire. That’s the beauty of owning your own practice. You can plan ahead with a dental transition and still have all the time you want before you officially leave your work behind.
Our team at Menlo Dental Transitions can help you with your long-range planning so you can take your time getting ready to retire. There is no need to rush, but it is always a good idea to be prepared. With our experience and expertise, we can help you maximize the value of your practice and give you the opportunity for a dental transition that fulfills your own personal vision.
It is a common misconception to equate selling your practice with retirement. In fact, they are non-related events in your career. Transitioning your practice before you’re ready to retire allows you to get the value out of the practice you’ve worked hard to build, while it is still a vibrant, thriving practice. It allows you to shift the management, personnel and administration responsibilities to a new partner while still allowing you to spend the last few years of your career focusing on what you love to do, dentistry!
Some dentists wonder how far in advance they should consider their dental transition. Of course, there are many factors that can affect this decision. You can consider your ideal age for retirement, the dental transition market, and who you want helping you with the process.
While we can’t tell you at what age you should retire, we can advise you to give yourself plenty of time for your dental transition before you actually do. Making a last-minute decision doesn’t make dental transition impossible, but it is much easier when you can do things gradually.
Finding the right buyer is also a huge consideration. After all, you’ve spent many years building your practice and caring for your patients. In all likelihood, you don’t want to pass your practice off to just anybody. That is why it is so important to have the right partner by your side during your dental transition.
Teaming up with Menlo Dental Transitions is a definite step in the right direction. We know the dental transition market well. With our extensive, confidential network, we can help you find the right buyer for your practice so you can make your dental transition at your pace and on your schedule.
Contact us at Menlo Dental Transitions for more information.