10 things dentists can do to prepare for a transition

As 2022 wraps up (and so does Season 2 of this podcast), we’ve seen some clear trends that are hurting dentists and their practices as they get ready to sell. 

We want to help you transition into an even richer and more rewarding season of life. So, here is our top 10 list of things you can do to prepare yourself and your practice(s) for a successful transition:

1. Define your expectations
2. Define your timeline
3. Identify the right successor
4. Involve your staff in the process
5. Save for retirement
6. Spruce up the office
7. Evaluate your collections and fees
8. Avoid “skimming”
9. Stay with your PPOs
10. Maintain the status quo

Our guest is Larry Chatterley. Larry has specialized in transitioning dental practices and serving the business and transition needs of dentists throughout the western U.S. for over 26 years since he founded CTC Associates in 1988. He has facilitated the successful transition of over 2,000 practices, and has authored several publications on practice transitions.

For more guidance on transitioning your practice, schedule a call at: ctc-associates.com

For help finding a dental practice transition specialist in your area, send a message to: office@longinthetooth.info

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Long in the Tooth is hosted by Randon Jenson & Marie Chatterley of CTC Associates. It was founded by Bob Brooks, CBI, CEPA of Practice Endeavors.